{
  "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": 29,
  "pageCount": 53,
  "prevPage": 28,
  "nextPage": 30,
  "slideType": "data_table",
  "function": "analyze_data",
  "density": "balanced",
  "nDataPoints": 40,
  "notes": "Includes footnotes detailing transaction assumptions and EBITDA adjustments.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de06f-6e3e-7077-a233-0960269d6dc3/29",
  "deckHref": "/decks/019de06f-6e3e-7077-a233-0960269d6dc3",
  "deckJsonHref": "/decks/019de06f-6e3e-7077-a233-0960269d6dc3.json",
  "deckAnchorHref": "/decks/019de06f-6e3e-7077-a233-0960269d6dc3#slide-29",
  "components": [
    {
      "bbox": {
        "h": 0.06,
        "w": 0.7,
        "x": 0.04,
        "y": 0.91
      },
      "kind": "disclaimer",
      "text": "Note: Assumes transaction closes 12/31/16. (1) Includes $63mm of Solar capital leases. (2) Adj. EBITDA (pre-SBC, incl. equity income) used for financing purposes. Pro forma Adj. EBITDA Includes $52mm of run-rate cost synergies. (3) Based on normalized Lunar Adj. EBITDA (post-SBC, excl. equity income) of $250mm plus SBC and equity income. Refer to page 17 for further details.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b789687b-f23f-4dbf-9ad9-b307b61ede23",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.5,
        "w": 0.92,
        "x": 0.04,
        "y": 0.21
      },
      "kind": "table",
      "text": "Pro forma capitalization table with columns for Lunar, Solar, Debt Retirement, Debt Issue, and Pro Forma 12/31/16.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "29fecaa6-e08e-4e5c-9ee6-a8e1706cd145",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.45,
        "x": 0.04,
        "y": 0.08
      },
      "kind": "title",
      "text": "Pro Forma Capitalization Table",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c2c8ff45-cf02-40bf-8e48-79d34e10a8b5",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 30,
      "from": 26,
      "beatId": "5b9024c5-fb83-425b-a65a-613ee22b7ebf",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Financials",
      "beatSlug": "sequoia-pitch-financials",
      "evidence": "The deck presents pro forma financials and financing considerations",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [
    {
      "to": 29,
      "from": 24,
      "name": "Mece Breakdown",
      "slug": "40-mece-breakdown",
      "bestFor": "Problem structuring, ensuring completeness, strategic analysis",
      "matchId": "5d043e30-9308-458a-ab34-346118b067ab",
      "evidence": "The deck presents a relative valuation summary and pro forma capitalization table",
      "position": 1,
      "objective": "How does the merger create value?",
      "structure": "The Whole -> Category A (distinct) -> Category B (distinct) -> Category C (distinct) -> Complete Coverage",
      "confidence": 0.6,
      "description": "Divide a complex topic into mutually exclusive, collectively exhaustive categories"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}