{
  "docId": "019de06f-aaa9-7602-92d9-ed87ef9d803a",
  "docSlug": "d3f69a6cc3dd9d492a989edcb03dd92c",
  "documentTitle": "Third Point Management | Activist Presentation Deck | 34 slides",
  "authorId": "third-point-management",
  "authorName": "Third Point",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2018-07-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7744917,
  "pageNumber": 33,
  "pageCount": 34,
  "prevPage": 32,
  "nextPage": 34,
  "slideType": "propose_solution",
  "function": "propose_solution",
  "density": "balanced",
  "nDataPoints": 15,
  "notes": "The slide uses a 'before-after' logic to justify the investment thesis.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de06f-aaa9-7602-92d9-ed87ef9d803a/33",
  "deckHref": "/decks/019de06f-aaa9-7602-92d9-ed87ef9d803a",
  "deckJsonHref": "/decks/019de06f-aaa9-7602-92d9-ed87ef9d803a.json",
  "deckAnchorHref": "/decks/019de06f-aaa9-7602-92d9-ed87ef9d803a#slide-33",
  "components": [
    {
      "bbox": {
        "h": 0.2,
        "w": 0.45,
        "x": 0.52,
        "y": 0.68
      },
      "kind": "callout",
      "text": "MIX OF OPERATIONAL IMPROVEMENT, PORTFOLIO MGMT, AND BALANCE SHEET OPTIMIZATION PROVIDE MULTIPLE PATHS TO DOUBLE EPS BY 2022 AND CREATE SUSTAINABLY BETTER PERFORMANCE OVER TIME",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3de468a6-89e0-447b-80dc-09a301a39fd9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.45,
        "x": 0.52,
        "y": 0.3
      },
      "kind": "list",
      "text": "Sales reaccelerate; 20% margin achievable; Tax benefits; Proceeds from asset sales used for acquisitions/buybacks.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f93f48a6-8574-44ef-a373-5db890e09421",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.7,
        "x": 0.05,
        "y": 0.92
      },
      "kind": "source-note",
      "text": "Note: Historical financials updated for restatements where applicable. Source: Third Point LLC; Nestlé company materials",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7bb1013d-7df1-42e0-8d90-f40071e1b6ed",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.4,
        "x": 0.08,
        "y": 0.35
      },
      "kind": "table",
      "text": "Financial projection table showing Sales, EBIT, Margin, EPS, and Leverage for 2017 vs 2022 with CAGR.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b5c892db-951d-4c65-bf1d-199bcb0c4d59",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.9,
        "x": 0.05,
        "y": 0.05
      },
      "kind": "title",
      "text": "THIRD POINT RECOMMENDATIONS WILL MATERIALLY IMPROVE THE LONG-TERM TRAJECTORY OF THE BUSINESS",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b18e761d-590c-4745-8778-f2451ec0d5a5",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "before-after-framing",
      "slug": null,
      "matchId": "8acef387-66cd-4e91-aea1-37a279959641",
      "evidence": "Comparison of 2017 vs 2022 financial metrics to show improvement.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 33,
      "from": 16,
      "beatId": "599b526f-ae50-431a-b991-02ccb1aa5dec",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Solution (Provide relief)",
      "beatSlug": "problem-agitate-solution-solution-provide-relief",
      "evidence": "The document offers specific recommendations for improving Nestlé's strategy, portfolio, and organization design.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [
    {
      "to": 33,
      "from": 32,
      "name": "Before After",
      "slug": "21-before-after",
      "bestFor": "Product demos, process improvements, ROI justification",
      "matchId": "d3ead0b4-78b4-4160-ad69-00730a5d7a07",
      "evidence": "The document presents a clear vision for the future and the benefits of adopting a #NestléNOW mindset.",
      "position": 1,
      "objective": "Contrast the current situation with the proposed solution",
      "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
}