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  "documentTitle": "Goldman Sachs | Investment Banking Pitch Book | 22 slides",
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  "presentationDate": "2021-01-01 00:00:00",
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  "pageNumber": 10,
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  "notes": "The slide uses a standard sensitivity table format common in investment banking valuation models.",
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      "text": "Note: FYE 31-Mar. Valuation date of 01-Jan-2021. Implied equity value per share based on fully diluted shares outstanding as of 01-Jan-2021. Panther diluted shares assumes 161.0mm basic shares, 0.1mm options (weighted-average strike price: $14.20), 2.1mm RSUs and 2.2mm PSUs per Panther Management. Panther tax assets per Panther Management.",
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      "text": "Source: Bloomberg, Company filings, Panther Management Projections per Panther Management; market data as of 25-Jan-2021",
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      "text": "Based on Management Projections (US$ in millions, except otherwise stated)",
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      "text": "Sensitivity table for Implied Share Price",
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      "text": "Sensitivity table for Implied Terminal Value as % of EV",
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      "kind": "title",
      "text": "Illustrative Panther DCF Analysis Sensitivities",
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