{
  "docId": "019de070-1dc5-707d-b5a3-2ff7c8f537e5",
  "docSlug": "8255a8a20d5abf5a9409d57e87219426",
  "documentTitle": "Evercore | Investment Banking Pitch Book | 54 slides",
  "authorId": "evercore",
  "authorName": "Evercore",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2020-06-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2938006,
  "pageNumber": 23,
  "pageCount": 54,
  "prevPage": 22,
  "nextPage": 24,
  "slideType": "financial_analysis",
  "function": "analyze_data",
  "density": "balanced",
  "nDataPoints": 28,
  "notes": "Includes transaction statistics, NAV derivation, and a discount analysis bridge.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de070-1dc5-707d-b5a3-2ff7c8f537e5/23",
  "deckHref": "/decks/019de070-1dc5-707d-b5a3-2ff7c8f537e5",
  "deckJsonHref": "/decks/019de070-1dc5-707d-b5a3-2ff7c8f537e5.json",
  "deckAnchorHref": "/decks/019de070-1dc5-707d-b5a3-2ff7c8f537e5#slide-23",
  "components": [
    {
      "bbox": {
        "h": 0.05,
        "w": 0.6,
        "x": 0.05,
        "y": 0.87
      },
      "kind": "source-note",
      "text": "Source: FactSet (as of 2/1/19). 1. Proxy statement (5/1/19). 2. Implied valuation in proxy statement (5/1/19) derived by Moelis by applying terminal year EBITDA multiples ranging from 4.0x to 6.5x.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a29c9ffe-c433-414a-86ff-29b25288e2e4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.45,
        "x": 0.5,
        "y": 0.48
      },
      "kind": "table",
      "text": "Implied Discount Analysis table",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3537b41e-fa9d-4ee1-8a86-cc6de9cfd90c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.4,
        "x": 0.05,
        "y": 0.21
      },
      "kind": "table",
      "text": "Key Transaction Statistics table",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8b2576ab-0696-4573-bcf1-15d2681506f7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.45,
        "x": 0.5,
        "y": 0.19
      },
      "kind": "table",
      "text": "Derivation of Implied Expedia Group Discount within Liberty Expedia table",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b71083f6-84ff-4387-bea2-cb6fde541484",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.8,
        "x": 0.05,
        "y": 0.08
      },
      "kind": "title",
      "text": "Implied Discount on Expedia Group in Liberty Expedia Merger Transaction",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3fc4be06-865c-480f-adef-435b5e81a9e7",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 30,
      "from": 21,
      "beatId": "6a25a548-83c0-4d02-a529-ee0760f251de",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Impact & Next Steps",
      "beatSlug": "consultants-gambit-impact-next-steps",
      "evidence": "The deck evaluates the impact of the proposed transaction and presents next steps",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}