{
  "docId": "019de06f-4589-77ed-b018-c583d8ed8c7c",
  "docSlug": "efa1e3364cf3c45817ab08658260e7f9",
  "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",
  "orientation": "landscape",
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  "pageNumber": 53,
  "pageCount": 68,
  "prevPage": 52,
  "nextPage": 54,
  "slideType": "peer_benchmark",
  "function": "compare_peers",
  "density": "balanced",
  "nDataPoints": 20,
  "notes": "The slide highlights the shift in market perception of 'Heat' from a high-growth company to a mature peer as performance metrics declined.",
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  "slideHref": "/slides/019de06f-4589-77ed-b018-c583d8ed8c7c/53",
  "deckHref": "/decks/019de06f-4589-77ed-b018-c583d8ed8c7c",
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  "components": [
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        "x": 0.25,
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      "kind": "chart",
      "text": "EV/EBITDA multiple time series",
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      "kind": "paragraph",
      "text": "Heat was awarded a \"high growth\" multiple at the time of its IPO when the company was posting high single digit comp, in line with high growth peers. Beginning in August 2010, the Company's multiple has come under pressure as Heat posted negative to low single digit quarterly comps; Company currently trades in line with mature peers, at a discount to high growth peers.",
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      "kind": "source-note",
      "text": "Source: Factset market data as of October 31, 2012. Notes: Available data for Heat starts on January 14, 2010, 2 months after the IPO. Peer group definitions provided.",
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      "kind": "table",
      "text": "Summary table of current and historical multiples",
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      "kind": "title",
      "text": "EV/EBITDA MULTIPLE SINCE IPO",
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      "componentId": "45eba050-31bf-44a2-8aa6-c63abdaa210c",
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  "metrics": [],
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      "matchId": "246a8b48-5c17-4984-b655-c92a1e82d1d4",
      "evidence": "Comparing company valuation multiples against peer groups over time",
      "confidence": 0.9
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  "arcBeats": [
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      "beatId": "c6c290df-5b63-4193-b95d-463f89f0509b",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Impact & Next Steps",
      "beatSlug": "consultants-gambit-impact-next-steps",
      "evidence": "The pitch book provides key considerations for the special committee and next steps",
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      "confidence": 0.8,
      "parentBeatName": "Resolution",
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  "loops": [
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      "from": 53,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "d290fb2b-4660-45f8-837a-8a7d208a18df",
      "evidence": "The pitch book provides financial analysis and sensitivity analysis",
      "position": 2,
      "objective": "What are the risks of not taking action?",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.6,
      "description": "Quantify what happens if the audience does nothing"
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