{
  "docId": "019de06f-9491-73fc-ba6f-7f3e57ef478b",
  "docSlug": "29a857e2f6ce588b220dbce4cf7015c7",
  "documentTitle": "Goldman Sachs | Investment Banking Pitch Book | 42 slides",
  "authorId": "goldman-sachs",
  "authorName": "Goldman Sachs",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2018-04-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.294673,
  "pageNumber": 26,
  "pageCount": 42,
  "prevPage": 25,
  "nextPage": 27,
  "slideType": "financial_analysis",
  "function": "quantify_impact",
  "density": "balanced",
  "nDataPoints": 60,
  "notes": "Includes specific valuation methodology for Series B conversion based on DDM-implied GP market cap and share price.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de06f-9491-73fc-ba6f-7f3e57ef478b/26",
  "deckHref": "/decks/019de06f-9491-73fc-ba6f-7f3e57ef478b",
  "deckJsonHref": "/decks/019de06f-9491-73fc-ba6f-7f3e57ef478b.json",
  "deckAnchorHref": "/decks/019de06f-9491-73fc-ba6f-7f3e57ef478b#slide-26",
  "components": [
    {
      "bbox": {
        "h": 0.15,
        "w": 0.1,
        "x": 0.04,
        "y": 0.295
      },
      "kind": "callout",
      "text": "Memo: Current 20-Trading Day VWAP: $ 16.42",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8865ac3b-8dc9-46af-bdbf-41724d4ffeb3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.4,
        "x": 0.29,
        "y": 0.03
      },
      "kind": "disclaimer",
      "text": "PRELIMINARY CONFIDENTIAL DRAFT – FOR DISCUSSION PURPOSES ONLY",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9e7a6dd9-df8c-40ce-8e1d-1f178d132563",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.5,
        "x": 0.04,
        "y": 0.86
      },
      "kind": "source-note",
      "text": "Source: Arkose Projections, Wall Street research and Bloomberg market data as of 04-Apr-2018",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ef050e98-c7f9-4eee-96e3-c80aba03454d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.65,
        "w": 0.9,
        "x": 0.05,
        "y": 0.22
      },
      "kind": "table",
      "text": "Status Quo Series B Dividend Discount Model table with projections from 2018E to 2027E",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "da41bf36-74b8-485c-82b6-92a3a323147a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.4,
        "x": 0.13,
        "y": 0.07
      },
      "kind": "title",
      "text": "Illustrative Implied Series B Value",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4a06e1c3-ca0e-4423-973d-ab77087151cc",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.6,
        "x": 0.13,
        "y": 0.12
      },
      "kind": "title",
      "text": "Dividend Discount Model Through Series B Redemption in 2026 | ($ in millions)",
      "attrs": null,
      "subkind": "subtitle",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f0d95a84-ecd4-40db-a9ac-959d3d9e5159",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Table data",
      "slug": "table-data",
      "agent": null,
      "layer": "slide",
      "matchId": "14bcd6ed-ff75-4236-b83c-79cb22175c7e",
      "evidence": "table/data: Status Quo Series B Dividend Discount Model table with projections from 2018E to 2027E",
      "confidence": 0.9
    }
  ],
  "frameworks": [
    {
      "name": "Dividend Discount Model",
      "slug": null,
      "matchId": "8d721e4e-249d-4c0c-8c5d-e7f3f4a6b262",
      "evidence": "Explicitly stated in title and table headers",
      "confidence": 1
    }
  ],
  "arcBeats": [
    {
      "to": 42,
      "from": 15,
      "beatId": "12407bef-a172-4cd7-94e8-65679e17beea",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Impact & Next Steps",
      "beatSlug": "consultants-gambit-impact-next-steps",
      "evidence": "The appendix and remaining financial analysis slides provide impact and next steps.",
      "position": 4,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [
    {
      "to": 26,
      "from": 22,
      "name": "Before After",
      "slug": "21-before-after",
      "bestFor": "Product demos, process improvements, ROI justification",
      "matchId": "fac7eb78-65dd-476d-8f3c-008c0ff1c735",
      "evidence": "The financial analysis and data tables provide a before-after analysis of different alternatives.",
      "position": 2,
      "objective": "To evaluate the impact of different structural alternatives on Arkose's financials",
      "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta",
      "confidence": 0.7,
      "description": "Show the dramatic contrast between the old way and the new way through side-by-side comparison"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}