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  "docId": "019de06f-4b35-7799-a3d8-22a1f9002ad6",
  "docSlug": "dc93ac23b5e1ac6f5ddcd9da93c062a1",
  "documentTitle": "Deutsche Bank | Investment Banking Pitch Book | 30 slides",
  "authorId": "deutsche-bank",
  "authorName": "Deutsche Bank",
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  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2013-06-01 00:00:00",
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  "pageNumber": 21,
  "pageCount": 30,
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  "slideType": "financial_analysis",
  "function": "quantify_impact",
  "density": "balanced",
  "nDataPoints": 30,
  "notes": "Includes a TEV build table and a comparative EBITDA multiple table.",
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      "kind": "paragraph",
      "text": "To match the $12 per share proposal price at Dawn's long term average trading multiple of 6.7x, Dawn would need to generate more than $225 million in EBITDA, above levels generated in any year since the IPO",
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      "kind": "source-note",
      "text": "(a) Trading multiple is calculated as TEV / current year projected EBITDA (i.e. trading multiple for 4/30/2011 would be TEV / 2011E EBITDA). Source: Factset and research estimates",
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      "text": "Average EBITDA trading multiples table",
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      "kind": "table",
      "text": "Total enterprise value build table",
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      "kind": "title",
      "text": "Proposal is at a compelling valuation compared to historical trading levels",
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      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Evidence & Proof",
      "beatSlug": "consultants-gambit-evidence-proof",
      "evidence": "Slides 12-25 provide evidence and proof to support the proposal.",
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      "name": "Before After",
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      "evidence": "The document presents a compelling valuation compared to historical trading levels and peers.",
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      "objective": "What is the valuation of the proposal?",
      "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta",
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      "description": "Show the dramatic contrast between the old way and the new way through side-by-side comparison"
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