{
  "docId": "019de06f-8727-7305-aa8a-0f1cc9311f88",
  "docSlug": "d34e3ebbefa07bda41cee30322b1331a",
  "documentTitle": "Trian Partners | Activist Presentation Deck | 94 slides",
  "authorId": "trian-partners",
  "authorName": "Trian Partners",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2017-09-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 22,
  "pageCount": 94,
  "prevPage": 21,
  "nextPage": 23,
  "slideType": "peer_benchmark",
  "function": "compare_peers",
  "density": "balanced",
  "nDataPoints": 18,
  "notes": "The slide uses two bar charts: one showing P&G's historical growth trend and another comparing P&G's growth against a set of industry peers.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de06f-8727-7305-aa8a-0f1cc9311f88/22",
  "deckHref": "/decks/019de06f-8727-7305-aa8a-0f1cc9311f88",
  "deckJsonHref": "/decks/019de06f-8727-7305-aa8a-0f1cc9311f88.json",
  "deckAnchorHref": "/decks/019de06f-8727-7305-aa8a-0f1cc9311f88#slide-22",
  "components": [
    {
      "bbox": {
        "h": 0.35,
        "w": 0.88,
        "x": 0.06,
        "y": 0.47
      },
      "kind": "chart",
      "text": "And has significantly underperformed the peer group since 2011",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1eca75b9-bb89-401f-a1f3-36ac2c6bcfc9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.88,
        "x": 0.06,
        "y": 0.11
      },
      "kind": "chart",
      "text": "P&G's organic sales growth has deteriorated over time",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "537d50a0-ebc7-44f7-b756-bac82d3262f7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.8,
        "x": 0.06,
        "y": 0.96
      },
      "kind": "disclaimer",
      "text": "Source: SEC filings and annual reports. Note: Clorox figures exclude M&A based on Trian's estimates. Reckitt Benckiser and Beiersdorf 2017 figures exclude one-time impacts as disclosed by the companies.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c977aef6-b483-47b7-a0cf-714f5f9059b0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.88,
        "x": 0.06,
        "y": 0.8
      },
      "kind": "image",
      "text": "Peer company logos",
      "attrs": null,
      "subkind": "logo-grid",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bb781e79-797c-45fc-9198-b7bb2bc97678",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.6,
        "x": 0.06,
        "y": 0.04
      },
      "kind": "title",
      "text": "Organic Sales Growth Has Underperformed Peers",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3481be20-18b5-4e31-bf32-2fa2a69c1109",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "comparison_frame",
      "slug": null,
      "matchId": "560ea0f8-74db-472d-879e-d5696bb42cbc",
      "evidence": "Comparing P&G performance against a peer group average",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 85,
      "from": 10,
      "beatId": "3dc80ba5-80de-4e7d-be90-f3f4aab11f9f",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Expose Contradiction",
      "beatSlug": null,
      "evidence": "The deck highlights contradictions in P&G's claims and performance, demonstrating the need for change.",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    },
    {
      "to": 82,
      "from": 8,
      "beatId": "e27a81dd-9032-4d73-8408-516f6c820aa0",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Propose Solution",
      "beatSlug": null,
      "evidence": "Trian Partners presents their strategic initiatives to address P&G's challenges.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}