{
  "docId": "019de06f-6e3e-7077-a233-0960269d6dc3",
  "docSlug": "9ffdbe63cafe0fdab0fe06827ff4ea3a",
  "documentTitle": "PJT Partners | Investment Banking Pitch Book | 53 slides",
  "authorId": "pjt-partners",
  "authorName": "PJT Partners",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2016-06-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.294673,
  "pageNumber": 13,
  "pageCount": 53,
  "prevPage": 12,
  "nextPage": 14,
  "slideType": "appendix_data",
  "function": "quantify_impact",
  "density": "balanced",
  "nDataPoints": 3,
  "notes": "The slide includes a disclaimer regarding the source of the estimates (Lunar Management) and references a footnote for further details.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de06f-6e3e-7077-a233-0960269d6dc3/13",
  "deckHref": "/decks/019de06f-6e3e-7077-a233-0960269d6dc3",
  "deckJsonHref": "/decks/019de06f-6e3e-7077-a233-0960269d6dc3.json",
  "deckAnchorHref": "/decks/019de06f-6e3e-7077-a233-0960269d6dc3#slide-13",
  "components": [
    {
      "bbox": {
        "h": 0.08,
        "w": 0.32,
        "x": 0.04,
        "y": 0.82
      },
      "kind": "callout",
      "text": "NPV of Operating Savings of $510mm(1)\nNPV of Financial Savings of $1,103mm(1)",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1dfb0090-67bf-47b4-b349-d402ddcceb04",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.07,
        "w": 0.92,
        "x": 0.04,
        "y": 0.15
      },
      "kind": "paragraph",
      "text": "We have relied upon the views of Lunar and Solar Management regarding the financial and operating cost savings. The cost to achieve these savings is expected to be $25mm over two years ($5mm in FY2017 and $20mm in FY2018, respectively).",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0a3c9837-7d96-4436-ba4c-8ef727132cf5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.5,
        "x": 0.04,
        "y": 0.92
      },
      "kind": "source-note",
      "text": "Note: Savings estimates provided by Lunar Management and based on Lunar Management's diligence to date. (1) Refer to page 39 for further details.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d9a60756-537f-4fce-a61c-a6f7c178472b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.5,
        "w": 0.92,
        "x": 0.04,
        "y": 0.28
      },
      "kind": "table",
      "text": "Operating and Financial Savings table",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4c173491-61a2-4de2-b805-2ed552b4d936",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.5,
        "x": 0.04,
        "y": 0.08
      },
      "kind": "title",
      "text": "Potential Operating and Financial Cost Savings Summary",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bc2d0060-51ec-4b11-8296-b06422ba3f62",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Table data",
      "slug": "table-data",
      "agent": null,
      "layer": "slide",
      "matchId": "dc8e75e3-253e-42cf-b036-5026b44c41f2",
      "evidence": "Operating and Financial Savings table",
      "confidence": 0.9
    }
  ],
  "frameworks": [],
  "arcBeats": [],
  "loops": [
    {
      "to": 15,
      "from": 10,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "36b07cf9-2263-4a40-bf58-87fdebc1bb32",
      "evidence": "The deck presents the potential operating and financial cost savings summary",
      "position": 0,
      "objective": "What are the consequences of not pursuing the merger?",
      "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"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}