{
  "docId": "019de072-a426-73ef-980c-0b2544a90a85",
  "docSlug": "1045db7881fa023d57703ea5995a414f",
  "documentTitle": "Azek | Investor Presentation Deck | 38 slides",
  "authorId": "azek",
  "authorName": "The AZEK Company",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2022-05-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 33,
  "pageCount": 38,
  "prevPage": 32,
  "nextPage": 34,
  "slideType": "use_of_funds",
  "function": "plan_implementation",
  "density": "overcrowded",
  "nDataPoints": 10,
  "notes": "Includes financial table for net leverage and photos of production facilities.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de072-a426-73ef-980c-0b2544a90a85/33",
  "deckHref": "/decks/019de072-a426-73ef-980c-0b2544a90a85",
  "deckJsonHref": "/decks/019de072-a426-73ef-980c-0b2544a90a85.json",
  "deckAnchorHref": "/decks/019de072-a426-73ef-980c-0b2544a90a85#slide-33",
  "components": [
    {
      "bbox": {
        "h": 0.12,
        "w": 0.21,
        "x": 0.684,
        "y": 0.509
      },
      "kind": "image",
      "text": "New Production Lines in Wilmington, OH facility",
      "attrs": null,
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "437821fb-64e3-45e7-9795-2bcce5c5ea2f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.21,
        "x": 0.684,
        "y": 0.696
      },
      "kind": "image",
      "text": "New facility in Boise, ID",
      "attrs": null,
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ca4055e1-107f-4528-8e42-cbf630188af5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.4,
        "x": 0.05,
        "y": 0.19
      },
      "kind": "list",
      "text": "CAPITAL ALLOCATION PRIORITIES: Invest to support the business (Organic growth, operational and recycling investments), Strategic M&A (Product adjacencies, new technologies, vertical integration), Leverage (Target net leverage in the ~2.5x Adj. EBITDA range)",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2be4597e-ced0-4d40-bb3c-b1d38572d09a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.4,
        "x": 0.52,
        "y": 0.19
      },
      "kind": "list",
      "text": "STRATEGIC CAPACITY INVESTMENTS: Multi-phase capacity expansion, >100% incremental Decking production, Phase I & II completed, New facility in Boise, Phase IV expansion, Capex investment expected to moderate",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "65305111-9891-46c6-8940-f6f3e3c10798",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.4,
        "x": 0.55,
        "y": 0.88
      },
      "kind": "source-note",
      "text": "Source: Company financials. Note: Refer to Appendix for reconciliations for total debt, net debt and net leverage.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "928ef0e1-b3a3-4885-869e-91523ac1ae4e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.3,
        "x": 0.05,
        "y": 0.54
      },
      "kind": "table",
      "text": "NET LEVERAGE SUMMARY – LTM 3/31/22: Adjusted EBITDA $303.7, Long-term debt $505.3, Finance leases $57.2, Gross debt $564.9, Cash ($25.8), Net debt $539.1, Net Leverage 1.8x",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2102b468-17e3-46dc-9258-d34b992b88c2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.9,
        "x": 0.05,
        "y": 0.11
      },
      "kind": "title",
      "text": "STRONG CASH FLOWS AND MODEST LEVERAGE PROVIDE FLEXIBILITY TO SUPPORT ORGANIC GROWTH AND STRATEGIC M&A",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "444c0c2a-054d-45a8-b879-6d0168cff1e3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.6,
        "x": 0.05,
        "y": 0.06
      },
      "kind": "title",
      "text": "DISCIPLINED APPROACH TO CAPITAL DEPLOYMENT",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "92d89baa-096b-4276-8328-8b95da7014f5",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "capital-allocation-framework",
      "slug": null,
      "matchId": "478f98e2-2c0e-45ec-bb04-13cb8cba41b4",
      "evidence": "Outlines priorities for capital deployment including organic growth, M&A, and leverage targets.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 33,
      "from": 31,
      "beatId": "3ba03eb5-db2d-4370-8816-de2e1bdb1b9f",
      "arcName": "The Sparkline",
      "arcSlug": "sparkline",
      "beatName": "Traction",
      "beatSlug": null,
      "evidence": "The deck showcases strong sales performance trends and financial flexibility",
      "position": 4,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [
    {
      "to": 33,
      "from": 31,
      "name": "Pareto Focus",
      "slug": "50-pareto-focus",
      "bestFor": "Resource allocation, problem prioritization, efficiency improvements",
      "matchId": "e554e00c-b964-4cd6-89d2-e3a44a5e9a28",
      "evidence": "The deck presents strong sales performance trends and financial flexibility",
      "position": 2,
      "objective": "Highlight the focus on high-growth areas",
      "structure": "The Full Distribution -> The Vital Few (20%) -> The Trivial Many (80%) -> Focus Recommendation",
      "confidence": 0.6,
      "description": "Show that 80% of results come from 20% of causes to drive prioritization"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}