{
  "docId": "019de070-90ca-760c-add9-fbba133c95ae",
  "docSlug": "c1f8e743182c07cd4dd9aa0d81670854",
  "documentTitle": "Goldman Sachs | Investment Banking Pitch Book | 22 slides",
  "authorId": "goldman-sachs",
  "authorName": "Goldman Sachs",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2021-01-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2938006,
  "pageNumber": 5,
  "pageCount": 22,
  "prevPage": 4,
  "nextPage": 6,
  "slideType": "data_table",
  "function": "summarize",
  "density": "dense",
  "nDataPoints": 28,
  "notes": "Goldman Sachs investment banking slide showing deal valuation metrics.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de070-90ca-760c-add9-fbba133c95ae/5",
  "deckHref": "/decks/019de070-90ca-760c-add9-fbba133c95ae",
  "deckJsonHref": "/decks/019de070-90ca-760c-add9-fbba133c95ae.json",
  "deckAnchorHref": "/decks/019de070-90ca-760c-add9-fbba133c95ae#slide-5",
  "components": [
    {
      "bbox": {
        "h": 0.1,
        "w": 0.92,
        "x": 0.04,
        "y": 0.84
      },
      "kind": "disclaimer",
      "text": "Source: Bloomberg, Company filings, Panther Management Projections per Panther Management; market data as of 25-Jan-2021. 1 Assumes Panther diluted shares outstanding using the Treasury Stock Method as of 25-Jan-2021 based on 161.0mm basic shares, 0.1mm options (weighted-average strike price: $14.20), 2.1mm RSUs and 2.2mm PSUs per Panther Management. 2 Latest Panther balance sheet as of 01-Jan-2021 per Panther Management. 3 Panther Adj. EBITDA includes NGEN-SMIT and adds back stock based compensation expense. 4 Panther Adj. EBITDA excludes NGEN-SMIT and is burdened by stock based compensation expense.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bf397e7a-bf6e-4cac-8ddf-3e8e5e1e26b9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.72,
        "x": 0.14,
        "y": 0.66
      },
      "kind": "table",
      "text": "EV / EBITDA (Management) Management FY 2021E $724 9.7x FY 2022E 626 11.3; Burdened by SBC Expense and Excludes NGEN FY 2021E $578 12.2x FY 2022E 579 12.2",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "056f0c0c-dcb2-4353-acfc-ec11bb2a1c0a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.42,
        "w": 0.72,
        "x": 0.14,
        "y": 0.22
      },
      "kind": "table",
      "text": "Implied Offer Price Per Share $29.35; Value of Cash Consideration per Share $29.35; Implied Premium of Implied Value to: Undisturbed Panther Share Price (06-Nov-2020) $19.60 49.7%; 30-Day VWAP $24.71 18.8%; 60-Day VWAP $23.10 27.1%; 90-Day VWAP $21.68 35.4%; Median Analyst Price Target $25.50 15.1%; Panther Fully Diluted Shares Outstanding 165.4; Panther Equity Value $4,853; (+) Net Debt $2,192; Panther Enterprise Value $7,046",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "58cfd15a-a979-4f4f-9a69-2c4917447093",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.45,
        "x": 0.13,
        "y": 0.07
      },
      "kind": "title",
      "text": "Summary of Transaction Terms",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "24a39ddc-a4c3-42d4-8f99-dffee37bdb34",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 5,
      "from": 4,
      "beatId": "b8296542-9689-43f8-8eb5-1777def6f586",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Situation & Context",
      "beatSlug": "consultants-gambit-situation-context",
      "evidence": "Slides provide an overview of the transaction and summary of terms.",
      "position": 0,
      "confidence": 0.8,
      "parentBeatName": "Setup",
      "parentBeatSlug": "setup"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}