{
  "docId": "019de06f-dba8-7368-8a52-1d8f6c782dde",
  "docSlug": "e02185efe7527dc444d6ea9199da6240",
  "documentTitle": "Lazard | Investment Banking Pitch Book | 49 slides",
  "authorId": "lazard",
  "authorName": "Lazard",
  "documentKindSlug": "deck",
  "documentKindLabel": "Deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2019-08-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2929293,
  "pageNumber": 26,
  "pageCount": 49,
  "prevPage": 25,
  "nextPage": 27,
  "slideType": "peer_benchmark",
  "function": "compare_peers",
  "density": "dense",
  "nDataPoints": 45,
  "notes": "Includes two scenarios for Vail (A and B) compared against Large Cap Software and High-Growth Infrastructure companies.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de06f-dba8-7368-8a52-1d8f6c782dde/26",
  "deckHref": "/decks/019de06f-dba8-7368-8a52-1d8f6c782dde",
  "deckJsonHref": "/decks/019de06f-dba8-7368-8a52-1d8f6c782dde.json",
  "deckAnchorHref": "/decks/019de06f-dba8-7368-8a52-1d8f6c782dde#slide-26",
  "components": [
    {
      "bbox": {
        "h": 0.2,
        "w": 0.4,
        "x": 0.55,
        "y": 0.45
      },
      "kind": "chart",
      "text": "CY'19E – CY'20E EBIT Growth (Pre-SBC)",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "13d05579-dbf7-4f68-b885-7630d0d8f3fc",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.4,
        "x": 0.55,
        "y": 0.68
      },
      "kind": "chart",
      "text": "CY'20E EBIT Margin (Pre-SBC)",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "209588a6-29d3-4bae-b4c5-eb0454149cc0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.4,
        "x": 0.55,
        "y": 0.22
      },
      "kind": "chart",
      "text": "CY'19E – CY'20E Revenue Growth",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8d327088-2d7d-43f7-b8e1-2daf1e9e1c97",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.65,
        "w": 0.45,
        "x": 0.04,
        "y": 0.22
      },
      "kind": "chart",
      "text": "CY'19E-CY'20E Revenue Growth vs. CY'20E EBIT Margin (Pre-SBC)",
      "attrs": null,
      "subkind": "scatter",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "75115668-dc0c-43fb-b83f-d88224477f86",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.9,
        "x": 0.04,
        "y": 0.92
      },
      "kind": "source-note",
      "text": "Source: Company filings, Vail management and FactSet as of 8/16/2019. Valuations fully diluted based on treasury stock method...",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0d66d735-05ee-4a66-8af2-4d5087c9cdb4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.5,
        "x": 0.04,
        "y": 0.12
      },
      "kind": "title",
      "text": "Vail – Comparable Company Benchmarking – Operating Metrics",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a9939aea-c08d-4d36-bc43-aa5177aa1d4e",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Chart Selection Guide",
      "slug": "chart-selection-guide",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "a6c28530-fccd-4225-bcb4-8aec913e574b",
      "evidence": "The use of various charts (scatter, bar) to display data suggests consideration of chart selection principles.",
      "confidence": 0.5
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 32,
      "from": 22,
      "beatId": "c853e3d6-fa0e-4bc4-a1dc-22bdfc144640",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Impact & Next Steps",
      "beatSlug": "consultants-gambit-impact-next-steps",
      "evidence": "Presents analyst price target summaries and transactions data",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [
    {
      "to": 27,
      "from": 23,
      "name": "Ladder Abstraction",
      "slug": "28-ladder-abstraction",
      "bestFor": "Training, thought leadership, making complex ideas accessible",
      "matchId": "7a1fa164-891f-4fa3-b5e3-e0b612417dd6",
      "evidence": "Vail Long Range Plan Cases",
      "position": 2,
      "objective": "Analyze Vail's valuation",
      "structure": "The Concrete Example -> The Pattern It Represents -> The Universal Principle -> Back to Specific Application",
      "confidence": 0.6,
      "description": "Move between concrete examples and abstract principles to make ideas stick"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}