{
  "docId": "019de06f-bb4b-75b1-b9d4-9c2dda2718a3",
  "docSlug": "2e2c51daac36a3fcc4cf227ac30c3462",
  "documentTitle": "Goldman Sachs | Investment Banking Pitch Book | 49 slides",
  "authorId": "goldman-sachs",
  "authorName": "Goldman Sachs",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2018-10-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.294673,
  "pageNumber": 21,
  "pageCount": 49,
  "prevPage": 20,
  "nextPage": 22,
  "slideType": "comparison_table",
  "function": "compare_peers",
  "density": "balanced",
  "nDataPoints": 20,
  "notes": "Includes a median benchmark and specific transaction details (date, acquirer, consideration mix).",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de06f-bb4b-75b1-b9d4-9c2dda2718a3/21",
  "deckHref": "/decks/019de06f-bb4b-75b1-b9d4-9c2dda2718a3",
  "deckJsonHref": "/decks/019de06f-bb4b-75b1-b9d4-9c2dda2718a3.json",
  "deckAnchorHref": "/decks/019de06f-bb4b-75b1-b9d4-9c2dda2718a3#slide-21",
  "components": [
    {
      "bbox": {
        "h": 0.06,
        "w": 0.08,
        "x": 0.02,
        "y": 0.32
      },
      "kind": "callout",
      "text": "Precedent Median: 11%",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ff0f794e-ab6d-423c-a68f-ed3e746c2083",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.85,
        "x": 0.08,
        "y": 0.22
      },
      "kind": "chart",
      "text": "Premia to 30-Trading Day VWAP (Undisturbed)",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d660986d-c9e5-4cb6-936d-c6f9fd91d7c1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.9,
        "x": 0.05,
        "y": 0.84
      },
      "kind": "disclaimer",
      "text": "Source: Company filings and Bloomberg market data as of 5-Oct-2018; Note: Premia calculated as exchange ratio times acquirer undisturbed 30-trading day VWAP + cash divided by target undisturbed 30-trading day VWAP.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d9896376-95d3-49ec-b874-97b3a04a79d4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.9,
        "x": 0.05,
        "y": 0.58
      },
      "kind": "table",
      "text": "Precedent Premia Summary Table",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8b537641-9d18-47fe-bc98-b57ac50fa673",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.55,
        "x": 0.13,
        "y": 0.12
      },
      "kind": "title",
      "text": "Parent to LP Midstream Simplification Transactions Last Five Years",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a69750f1-590e-49f0-8877-7e56ed034fca",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.35,
        "x": 0.13,
        "y": 0.07
      },
      "kind": "title",
      "text": "Precedent Premia Analysis",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2a5146b4-8042-4ed1-be1c-e44d4e174ee2",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 27,
      "from": 15,
      "beatId": "55d727a8-3486-4500-aa7a-e4fbf603d839",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Solution & Approach",
      "beatSlug": "consultants-gambit-solution-approach",
      "evidence": "The pitch book outlines a comprehensive financial plan, including financial forecasts, illustrative financial contribution analysis, and pro forma GP accretion (dilution) analysis.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [
    {
      "to": 27,
      "from": 15,
      "name": "Golden Circle",
      "slug": "11-golden-circle",
      "bestFor": "Visionary leadership, brand positioning, mission statements",
      "matchId": "c7a900d5-432c-4bcb-8c07-a7aec3e202fd",
      "evidence": "The pitch book outlines a comprehensive financial plan, including financial forecasts and illustrative financial contribution analysis.",
      "position": 1,
      "objective": "Explain the solution and approach using a clear and compelling narrative",
      "structure": "The Why (Belief) -> The How (Process) -> The What (Result)",
      "confidence": 0.7,
      "description": "Invert the typical pitch by starting with why you exist, rather than what you do"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}