{
  "docId": "019de06f-daca-777c-bc25-d8d3ee94e915",
  "docSlug": "9ef7648740226fd7c86ec1ec69dcd217",
  "documentTitle": "Lazard | Investment Banking Pitch Book | 7 slides",
  "authorId": "lazard",
  "authorName": "Lazard",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2019-08-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2929293,
  "pageNumber": 6,
  "pageCount": 7,
  "prevPage": 5,
  "nextPage": 7,
  "slideType": "financial_analysis",
  "function": "quantify_impact",
  "density": "balanced",
  "nDataPoints": 42,
  "notes": "The slide uses a football field chart representation to show valuation ranges.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de06f-daca-777c-bc25-d8d3ee94e915/6",
  "deckHref": "/decks/019de06f-daca-777c-bc25-d8d3ee94e915",
  "deckJsonHref": "/decks/019de06f-daca-777c-bc25-d8d3ee94e915.json",
  "deckAnchorHref": "/decks/019de06f-daca-777c-bc25-d8d3ee94e915#slide-6",
  "components": [
    {
      "bbox": {
        "h": 0.68,
        "w": 0.25,
        "x": 0.45,
        "y": 0.22
      },
      "kind": "chart",
      "text": "Football field chart showing valuation ranges for different methodologies.",
      "attrs": null,
      "subkind": "bar-horizontal",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a8d3e6a4-5ec2-42ab-9939-eb4fc3a7f9e5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.65,
        "x": 0.04,
        "y": 0.92
      },
      "kind": "disclaimer",
      "text": "Source: Company filings, Equity Research consensus and FactSet as of 8/13/19. Note: Valuations based on fully diluted shares outstanding (treasury stock method). 1 Assumes transaction closes on 10/31/19. Implied share price reflects forecasted balance sheet as of transaction close.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d603dd6e-dcf0-4c31-97f4-1804fcf1f435",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.68,
        "w": 0.92,
        "x": 0.04,
        "y": 0.22
      },
      "kind": "table",
      "text": "Valuation summary table with columns for Metric, Enterprise Value range, and Comments.",
      "attrs": null,
      "subkind": "valuation",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4a01e9a0-7dd1-45a0-893d-f6dff02c4550",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.45,
        "x": 0.04,
        "y": 0.16
      },
      "kind": "title",
      "text": "Raven Valuation Summary – In-Vail View",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9e3b22a8-76c9-4011-9e59-2bed792bc773",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "3594134d-9f70-4d86-8914-2c62b5c5492a",
      "evidence": "Football field chart showing valuation ranges for different methodologies.",
      "confidence": 0.7
    }
  ],
  "frameworks": [
    {
      "name": "football-field-chart",
      "slug": null,
      "matchId": "05bd2c5a-8535-40d8-a788-33255ec4f58b",
      "evidence": "Visual representation of valuation ranges across multiple methodologies.",
      "confidence": 1
    }
  ],
  "arcBeats": [
    {
      "to": 6,
      "from": 5,
      "beatId": "cb2d0b15-01af-4377-9a16-9df04eb3d041",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Financials",
      "beatSlug": "sequoia-pitch-financials",
      "evidence": "Slides 5-6 provide financial analysis and a valuation summary.",
      "position": 1,
      "confidence": 0.6,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [
    {
      "to": 6,
      "from": 5,
      "name": "Hypothesis Test",
      "slug": "42-hypothesis-test",
      "bestFor": "Strategy validation, due diligence, research presentations",
      "matchId": "3ea837de-80a8-4016-acc2-0a9588fca244",
      "evidence": "The financial analysis on slides 5-6 may be used to test a hypothesis about the project's valuation.",
      "position": 1,
      "objective": "Test a hypothesis regarding the valuation of Project Raven",
      "structure": "The Hypothesis -> Test 1 (Supports/Refutes) -> Test 2 (Supports/Refutes) -> Conclusion (Validated/Pivoted)",
      "confidence": 0.5,
      "description": "State a hypothesis upfront, then systematically prove or disprove it with evidence"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}