{
  "docId": "019de06f-952b-7481-aa88-ec24cdb5507b",
  "docSlug": "6c68c492c662ca1c0f05f295e481bdaf",
  "documentTitle": "Goldman Sachs | Investment Banking Pitch Book | 25 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": 17,
  "pageCount": 25,
  "prevPage": 16,
  "nextPage": 18,
  "slideType": "data_table",
  "function": "analyze_data",
  "density": "balanced",
  "nDataPoints": 32,
  "notes": "The chart includes a data table at the bottom showing the Implied Terminal NTM Yield for each company.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de06f-952b-7481-aa88-ec24cdb5507b/17",
  "deckHref": "/decks/019de06f-952b-7481-aa88-ec24cdb5507b",
  "deckJsonHref": "/decks/019de06f-952b-7481-aa88-ec24cdb5507b.json",
  "deckAnchorHref": "/decks/019de06f-952b-7481-aa88-ec24cdb5507b#slide-17",
  "components": [
    {
      "bbox": {
        "h": 0.55,
        "w": 0.85,
        "x": 0.08,
        "y": 0.23
      },
      "kind": "chart",
      "text": "Bar chart of implied perpetuity growth rates",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b9bf6691-60b4-4e32-b9bb-fbaa66820205",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.45,
        "x": 0.13,
        "y": 0.16
      },
      "kind": "paragraph",
      "text": "DDM Based on 2018-2020E DPU/DPS | Illustrative 10% Cost of Equity",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f40e4a89-b875-4d58-bc92-73b4226f2852",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.6,
        "x": 0.08,
        "y": 0.9
      },
      "kind": "source-note",
      "text": "Source: Arkose Projections, IBES/Wall Street research, and Bloomberg market data as of 4-Apr-2018. Note: Summit Midstream Partners not shown; analysis indicates a -11% implied PGR and 23.7% implied terminal yield for Summit.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1788568b-6aea-424d-8a11-7f40ff40d2b0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.85,
        "x": 0.08,
        "y": 0.85
      },
      "kind": "table",
      "text": "Implied Terminal NTM Yield table",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "927c43db-a8fa-479a-9055-62bd93ac3046",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.5,
        "x": 0.13,
        "y": 0.08
      },
      "kind": "title",
      "text": "Illustrative Market Implied Perpetuity Growth Rates",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0a5255bf-b037-4f1c-b664-3be1ded9b3e5",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Data-Ink Ratio",
      "slug": "data-ink-ratio",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "26346074-c84c-46f6-be88-5733f0392ce4",
      "evidence": "table/data: Implied Terminal NTM Yield table",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 25,
      "from": 16,
      "beatId": "a0980b39-ead9-4ea6-9723-ba92dd2073b0",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Impact & Next Steps",
      "beatSlug": "consultants-gambit-impact-next-steps",
      "evidence": "The document presents the illustrative impact of early Series B vesting and peer benchmark analysis.",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}