{
  "docId": "019de06f-e127-764f-8dcc-a707a7dd4b14",
  "docSlug": "eb7b7dc6e7def9a71788d3d0eff207f6",
  "documentTitle": "Houlihan Lokey | Investment Banking Pitch Book | 43 slides",
  "authorId": "houlihan-lokey",
  "authorName": "Houlihan Lokey",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2019-09-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3342599,
  "pageNumber": 14,
  "pageCount": 43,
  "prevPage": 13,
  "nextPage": 15,
  "slideType": "comparison_table",
  "function": "compare_peers",
  "density": "balanced",
  "nDataPoints": 150,
  "notes": "The table segments companies into Drilling Services and Well Services, providing summary statistics (Low, High, Median, Mean) for each group and an overall summary, with Poconos highlighted at the bottom.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de06f-e127-764f-8dcc-a707a7dd4b14/14",
  "deckHref": "/decks/019de06f-e127-764f-8dcc-a707a7dd4b14",
  "deckJsonHref": "/decks/019de06f-e127-764f-8dcc-a707a7dd4b14.json",
  "deckAnchorHref": "/decks/019de06f-e127-764f-8dcc-a707a7dd4b14#slide-14",
  "components": [
    {
      "bbox": {
        "h": 0.1,
        "w": 0.7,
        "x": 0.05,
        "y": 0.85
      },
      "kind": "disclaimer",
      "text": "Note: No company used in this analysis for comparative purposes is identical to Poconos. 1. Enterprise Value equals equity market value + debt outstanding + preferred stock + minority interests - cash and cash equivalents. 2. Based on closing prices as of 9/3/19. 3. Based on diluted shares. 4. Multiples based on forward looking financial information may have been calendarized to Poconos' fiscal year end of December 31st. 5. Enterprise Value adjusted for market value of debt as of 9/3/19. Untraded debt or debt for which pricing information was unavailable was not adjusted. 6. Based on publicly available information, analyst estimates and market data as of 9/3/19. Sources: Bloomberg, Capital IQ and public filings.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "280554b7-2f84-4b1c-9320-723544e48667",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.7,
        "w": 0.9,
        "x": 0.05,
        "y": 0.15
      },
      "kind": "table",
      "text": "Table containing financial metrics for Drilling Services, Well Services, and Poconos.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7256b22b-ec25-42b2-9837-33ae7f0e6a7b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.4,
        "x": 0.05,
        "y": 0.05
      },
      "kind": "title",
      "text": "Selected Companies Analysis",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3643b1df-6f8d-4b08-8bf8-b557fa05c84c",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "2x2 matrix",
      "slug": "matrix-2x2",
      "agent": null,
      "layer": "slide",
      "matchId": "45367549-45f7-414a-a35f-80bbf307c2df",
      "evidence": "Table containing financial metrics for Drilling Services, Well Services, and Poconos.",
      "confidence": 0.5
    }
  ],
  "frameworks": [
    {
      "name": "peer_benchmark",
      "slug": null,
      "matchId": "bf49c471-5959-45b3-828d-0c93ef7b3d85",
      "evidence": "Comparison of financial multiples across a set of industry peers.",
      "confidence": 1
    }
  ],
  "arcBeats": [
    {
      "to": 15,
      "from": 6,
      "beatId": "b9d0d5f5-10be-4263-835e-076586cf9a5a",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Problem & Complication",
      "beatSlug": "consultants-gambit-problem-complication",
      "evidence": "The deck presents financial analysis and market data to highlight the client's challenges",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
    }
  ],
  "loops": [
    {
      "to": 15,
      "from": 6,
      "name": "Logic Chain",
      "slug": "01-logic-chain",
      "bestFor": "Skeptical audiences, controversial recommendations, rigorous analysis",
      "matchId": "60ae0fb3-3e26-43b2-8e5e-25586338bc87",
      "evidence": "The deck presents a logical chain of financial data and analysis to support Houlihan Lokey's approach",
      "position": 0,
      "objective": "Understand the client's financial situation and market position",
      "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... (Inevitable conclusion)",
      "confidence": 0.7,
      "description": "Build an airtight chain of logic where each premise leads inevitably to the conclusion"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}