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  "documentTitle": "ValueAct Capital | Activist Presentation Deck | 75 slides",
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  "authorName": "ValueAct Capital",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2022-02-01 00:00:00",
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  "pageNumber": 40,
  "pageCount": 75,
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  "notes": "The chart uses a waterfall bridge to show how operational improvements, expansion, and divestitures contribute to ROIC growth.",
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      "text": "Waterfall chart showing ROIC bridge from 6.3% to 11.8% vs 8.1% MTMP",
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      "kind": "source-note",
      "text": "Sources: Public company documents, VAC analysis. Memo: Both Seven & i potential and Seven & i MTMP ROIC figures are adjusted for goodwill amortization. ROIC calculated as NOPAT / (equity + debt) and assumes capital invested in 7-Eleven stays constant from Nov. 2021 levels",
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      "kind": "title",
      "text": "Global Champion 7-Eleven Return on Invested Capital Potential",
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      "kind": "title",
      "text": "... And Enables Seven & i to Earn Returns In-Line With Convenience Peers and Outperform the MTMP ROIC Forecast",
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