{
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  "docSlug": "3ba9e41630e53cb6acc0c9c4cd0f48e7",
  "documentTitle": "AMC | Mergers and Acquisitions Presentation Deck | 16 slides",
  "authorId": "amc",
  "authorName": "AMC",
  "documentKindSlug": "deck",
  "documentKindLabel": "Deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2016-07-01 00:00:00",
  "orientation": "landscape",
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  "pageNumber": 13,
  "pageCount": 16,
  "prevPage": 12,
  "nextPage": 14,
  "slideType": "comparison_table",
  "function": "compare_peers",
  "density": "dense",
  "nDataPoints": 12,
  "notes": "The slide uses two bar charts to show downward revisions in revenue and EBITDA projections, alongside a list of reasons for Carmike's valuation discount.",
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  "slideHref": "/slides/019de06f-6fab-753c-964a-2001b2475b2b/13",
  "deckHref": "/decks/019de06f-6fab-753c-964a-2001b2475b2b",
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      "kind": "chart",
      "text": "2017E Revenue ($ in millions)",
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      "kind": "chart",
      "text": "2017E EBITDA ($ in millions)",
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      "kind": "list",
      "text": "Carmike has traded at an average discount of 1.3x to the peer median over the last 10 years, and 1.0x to AMC since IPO. We believe Carmike's valuation discount to peers is due to: Lack of scale, Slowing M&A pipeline, Earnings shortfalls, Weaker metrics, No dividend.",
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      "kind": "source-note",
      "text": "Source: Carmike SEC proxy filing. (1) EBITDA is defined as earnings before interest, taxes, depreciation and amortization.",
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      "kind": "title",
      "text": "Combined Prospect Better for Carmike Shareholders than Standalone",
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      "evidence": "Compares standalone performance vs peer valuation to justify merger",
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      "beatName": "Evidence & Proof",
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      "evidence": "Slides 8-13 provide evidence and proof of the attractive offer and premium valuation",
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      "name": "Cost Of Inaction",
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      "bestFor": "Urgent budget requests, compliance, risk mitigation",
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      "evidence": "The deck implies the cost of inaction by highlighting the benefits of the acquisition",
      "position": 1,
      "objective": "What happens if the acquisition doesn't happen",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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