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  "documentTitle": "Perella Weinberg Partners | Investment Banking Pitch Book | 38 slides",
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  "authorName": "Perella Weinberg Partners",
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  "presentationDate": "2013-05-01 00:00:00",
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  "notes": "The slide compares a current multiple scenario (15.9x) against a midpoint reference range scenario (16.2x) to project future stock price.",
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      "text": "Historical and projected share price trajectory",
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      "text": "If Heat retains its current P/E multiple and achieves its earnings forecast, its stock price will have exceeded the Apax offer by late 2013. If Heat's multiple increases to the midpoint of the reference range, the (red) line shows the pro forma stock price. It is important to note that the projected share prices on this graph could be significantly reduced if the share price falls as a result of the Company's upcoming Q1 earnings announcement.",
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      "text": "Source: FactSet, Management's Current Long Range Plan. Notes: Financial results for the 12 month period ending January 31 of the following year. Analysis based on assumed share buybacks...",
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      "text": "CAGR data for 15.9x and 16.2x multiples",
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      "text": "ILLUSTRATIVE SHARE PRICE TRAJECTORY",
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