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  "documentTitle": "Perella Weinberg Partners | Investment Banking Pitch Book | 68 slides",
  "authorId": "perella-weinberg-partners",
  "authorName": "Perella Weinberg Partners",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2012-11-01 00:00:00",
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  "pageNumber": 45,
  "pageCount": 68,
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  "nextPage": 46,
  "slideType": "peer_benchmark",
  "function": "compare_peers",
  "density": "dense",
  "nDataPoints": 60,
  "notes": "The slide uses a grouped bar chart approach to compare Heat against specific peer segments.",
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      "kind": "callout",
      "text": "Heat's operating margins (EBITDA and EBIT) align with its broader teen peers but is below profit margins observed for high growth operators",
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      "kind": "disclaimer",
      "text": "Source: Company Filings, Factset market data as of October 31, 2012. Note: Financial results for a stated year represent financials for the 12 month period ending January 31 of the following year",
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      "text": "Other Teen Peers, Growth Teen Peers, Mid-Cap Specialty Peers, Large-Cap Specialty Peers, High Growth Peers, Off Price Peers",
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      "kind": "title",
      "text": "RELATIVE OPERATING METRICS: 2011A",
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      "name": "Golden Circle",
      "slug": "11-golden-circle",
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      "objective": "Why is now the right time for a strategic decision?",
      "structure": "The Why (Belief) -> The How (Process) -> The What (Result)",
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