{
  "docId": "019de06f-b5b9-76ca-a430-ca3b322445b4",
  "docSlug": "3e0acd34be4e87f643f81b39d6947c5f",
  "documentTitle": "Goldman Sachs | Investment Banking Pitch Book | 12 slides",
  "authorId": "goldman-sachs",
  "authorName": "Goldman Sachs",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2018-09-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.294673,
  "pageNumber": 6,
  "pageCount": 12,
  "prevPage": 5,
  "nextPage": 7,
  "slideType": "financial_analysis",
  "function": "quantify_impact",
  "density": "balanced",
  "nDataPoints": 24,
  "notes": "The slide uses two line charts to compare valuation outcomes under different yield assumptions.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de06f-b5b9-76ca-a430-ca3b322445b4/6",
  "deckHref": "/decks/019de06f-b5b9-76ca-a430-ca3b322445b4",
  "deckJsonHref": "/decks/019de06f-b5b9-76ca-a430-ca3b322445b4.json",
  "deckAnchorHref": "/decks/019de06f-b5b9-76ca-a430-ca3b322445b4#slide-6",
  "components": [
    {
      "bbox": {
        "h": 0.45,
        "w": 0.38,
        "x": 0.13,
        "y": 0.35
      },
      "kind": "chart",
      "text": "Left chart: Pro Forma vs Status Quo at 6.25%, 7.25%, 6.0%, 7.0% yields",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "931655a3-e5f6-4b29-a1ff-a96c92c59f7e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.38,
        "x": 0.55,
        "y": 0.35
      },
      "kind": "chart",
      "text": "Right chart: Pro Forma vs Status Quo at 7.0%, 8.0%, 6.0%, 7.0% yields",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ef06dc5d-0f9f-48be-862e-ef8e8d266ba8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.4,
        "x": 0.13,
        "y": 0.91
      },
      "kind": "source-note",
      "text": "Source: Arkose Projections and Bloomberg market data as of 12-Sep-2018",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e78a4f28-3d00-4ffc-82d1-54c3db851a41",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.8,
        "x": 0.13,
        "y": 0.11
      },
      "kind": "title",
      "text": "1.8270x Exchange Ratio (1.6604x Equity + $3 / Unit Cash) + $0.415 Special Dividend to Midstream Public Unitholders",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "38c60c7c-6f27-422e-add9-e91cbcec2b06",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.6,
        "x": 0.13,
        "y": 0.07
      },
      "kind": "title",
      "text": "Summary Present Value of Future Share Price",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "14eb3fef-06c5-41d1-a4a0-41cbb4fce33e",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 7,
      "from": 4,
      "beatId": "ab3be008-dee0-4b6a-975b-9bad449135d2",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Evidence & Proof",
      "beatSlug": "consultants-gambit-evidence-proof",
      "evidence": "Financial analysis and data tables",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [
    {
      "to": 7,
      "from": 3,
      "name": "Logic Chain",
      "slug": "01-logic-chain",
      "bestFor": "Skeptical audiences, controversial recommendations, rigorous analysis",
      "matchId": "5ebff80a-20e0-4560-b47e-e5b0f1fd875a",
      "evidence": "Financial analysis and data tables supporting the investment case",
      "position": 0,
      "objective": "Understand the investment logic",
      "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... (Inevitable conclusion)",
      "confidence": 0.6,
      "description": "Build an airtight chain of logic where each premise leads inevitably to the conclusion"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}