{
  "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": 38,
  "pageCount": 49,
  "prevPage": 37,
  "nextPage": 39,
  "slideType": "financial_analysis",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 80,
  "notes": "Includes sensitivity analysis tables for valuation based on varying cost of equity and perpetuity growth rates.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de06f-bb4b-75b1-b9d4-9c2dda2718a3/38",
  "deckHref": "/decks/019de06f-bb4b-75b1-b9d4-9c2dda2718a3",
  "deckJsonHref": "/decks/019de06f-bb4b-75b1-b9d4-9c2dda2718a3.json",
  "deckAnchorHref": "/decks/019de06f-bb4b-75b1-b9d4-9c2dda2718a3#slide-38",
  "components": [
    {
      "bbox": {
        "h": 0.2,
        "w": 0.15,
        "x": 0.04,
        "y": 0.21
      },
      "kind": "list",
      "text": "Assumptions: Implied value as of 9/30/2018, Discounted using mid-year convention, Perpetuity growth rate of 2.0%, Ke of 9.0%",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e14b3b25-a839-40a2-91fe-505e5b6c40fb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.6,
        "x": 0.13,
        "y": 0.89
      },
      "kind": "source-note",
      "text": "Source: GP Standalone Forecast and Bloomberg market data as of 5-Oct-2018. Q4 2018 dividend valued at year end 2018; all others based on mid-year convention.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7c9a93e9-3957-4309-b699-47c318ef2e54",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.4,
        "w": 0.75,
        "x": 0.18,
        "y": 0.21
      },
      "kind": "table",
      "text": "DCF table showing cash flows, discount factors, and present values from 4Q 2018 to Terminal year.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e4d30755-413e-4d78-bd24-9ff570ff1008",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.75,
        "x": 0.18,
        "y": 0.68
      },
      "kind": "table",
      "text": "Sensitivity analysis tables for Perpetuity Growth Rate vs Cost of Equity and Implied Terminal Yield.",
      "attrs": null,
      "subkind": "valuation",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "57f835db-e979-432d-aa19-b0523769b30c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.6,
        "x": 0.13,
        "y": 0.07
      },
      "kind": "title",
      "text": "Illustrative Arkose GP Discounted DCF Analysis",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fa947c4c-3f19-4402-ae11-e5e6af3c6f2d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.5,
        "x": 0.13,
        "y": 0.12
      },
      "kind": "title",
      "text": "Status Quo GP | ($ in millions, except per share data)",
      "attrs": null,
      "subkind": "subtitle",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7d5403bc-d27c-4445-91e7-79c43e7ca245",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Valuation: DCF",
      "slug": "dcf",
      "agent": "architect",
      "layer": "slide",
      "matchId": "1895eca5-cf29-48dd-b115-dbd347458797",
      "evidence": "Illustrative Arkose GP Discounted DCF Analysis table",
      "confidence": 0.9
    }
  ],
  "frameworks": [
    {
      "name": "sensitivity-analysis",
      "slug": null,
      "matchId": "2f8f5711-1a1f-4b11-9feb-34f3660f2e89",
      "evidence": "Sensitivity tables for valuation based on varying cost of equity and perpetuity growth rates.",
      "confidence": 1
    }
  ],
  "arcBeats": [
    {
      "to": 49,
      "from": 28,
      "beatId": "4042655f-1661-4ac1-9729-98cd774607c4",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Evidence & Proof",
      "beatSlug": "consultants-gambit-evidence-proof",
      "evidence": "The pitch book provides extensive data and analysis to support its conclusions, including financial models, data tables, and appendices.",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}