{
  "docId": "019de073-0e3e-718f-a619-12ed5a3bf0bd",
  "docSlug": "64ba5cf989a0cf767f243c357144339d",
  "documentTitle": "TD Securities | Investment Banking Pitch Book | 40 slides",
  "authorId": "td-securities",
  "authorName": "TD Securities",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2022-06-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.294673,
  "pageNumber": 38,
  "pageCount": 40,
  "prevPage": 37,
  "nextPage": 39,
  "slideType": "appendix_data",
  "function": "quantify_impact",
  "density": "balanced",
  "nDataPoints": 18,
  "notes": "Includes a 'DRAFT' disclaimer and source information.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de073-0e3e-718f-a619-12ed5a3bf0bd/38",
  "deckHref": "/decks/019de073-0e3e-718f-a619-12ed5a3bf0bd",
  "deckJsonHref": "/decks/019de073-0e3e-718f-a619-12ed5a3bf0bd.json",
  "deckAnchorHref": "/decks/019de073-0e3e-718f-a619-12ed5a3bf0bd#slide-38",
  "components": [
    {
      "bbox": {
        "h": 0.08,
        "w": 0.25,
        "x": 0.58,
        "y": 0.75
      },
      "kind": "callout",
      "text": "Unaffected Price: $25.68, Rio Tinto Proposal: $34.00, Current: $34.05",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b6ee8fca-8f6e-46a3-a9b6-cfeead75ad09",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.4,
        "w": 0.3,
        "x": 0.55,
        "y": 0.32
      },
      "kind": "chart",
      "text": "Valuation ranges for P/NAV, EV/EBITDA, and trading prices",
      "attrs": null,
      "subkind": "bar-horizontal",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "de87d9d1-9120-4175-b8d4-f63f67e96d99",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.4,
        "x": 0.15,
        "y": 0.9
      },
      "kind": "source-note",
      "text": "Source: Capital IQ, Company management, public filings and research analysts. Note: Market data as at June 23, 2022.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9d318192-3e54-4ca9-bc84-31a631538b9f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.55,
        "w": 0.75,
        "x": 0.13,
        "y": 0.23
      },
      "kind": "table",
      "text": "Methodology, Multiple Range, Metric (Attrib.), Preliminary Indications of Value (C$/sh)",
      "attrs": null,
      "subkind": "valuation",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0082ee5a-7bd1-420b-9837-bda94f586ef6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.35,
        "x": 0.15,
        "y": 0.09
      },
      "kind": "title",
      "text": "Preliminary Indications of Value",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ba6920cc-bd7d-4f62-9b9c-24ed2170f2af",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Anchoring Bias",
      "slug": "anchoring-bias",
      "agent": "Architect",
      "layer": "block",
      "matchId": "019debe5-4b79-776b-9b1c-0e8abf488c04",
      "evidence": "Reference price lines anchor reader against transaction-value bars.",
      "confidence": 75
    },
    {
      "name": "Action Titles",
      "slug": "action-titles",
      "agent": "Architect",
      "layer": "slide",
      "matchId": "019debe5-4ae4-75bb-895e-265aedcb9fc7",
      "evidence": "Title 'Preliminary Indications of Value' is the summary deliverable.",
      "confidence": 78
    },
    {
      "name": "Annotation",
      "slug": "annotation",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "019debe5-4b2f-761c-bba5-dda05376af65",
      "evidence": "Callouts label Unaffected $25.68, Rio $34.00, Current $34.05 across the range chart.",
      "confidence": 85
    },
    {
      "name": "Color Strategy",
      "slug": "color-strategy",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "019debe5-4b09-71fa-9c2a-2c870704f2c1",
      "evidence": "Green = current, orange = Rio proposal, blue = unaffected price reference lines.",
      "confidence": 88
    },
    {
      "name": "Valuation: Precedent transactions",
      "slug": "precedent-transactions",
      "agent": "architect",
      "layer": "slide",
      "matchId": "f62f609c-1f7f-4f0f-8e5a-1523844ae6d8",
      "evidence": "Preliminary Indications of Value (C$/sh)",
      "confidence": 0.5
    },
    {
      "name": "Visual Hierarchy",
      "slug": "visual-hierarchy",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "019debe5-4b54-74c3-9e94-48a3f63534c1",
      "evidence": "Football-field-style horizontal bars rank methodologies on a common $/sh axis.",
      "confidence": 80
    }
  ],
  "frameworks": [
    {
      "name": "Scenario Analysis",
      "slug": null,
      "matchId": "019debe5-4cee-7640-ac3b-618cc64e4be4",
      "evidence": "Football-field range chart compares value across multiple methodologies.",
      "confidence": 65
    }
  ],
  "arcBeats": [
    {
      "to": 39,
      "from": 34,
      "beatId": "019debe5-40a3-77f5-a194-6257f57f525c",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Impact & Next Steps",
      "beatSlug": null,
      "evidence": "Qualitative ops/risks, outstanding items, Value Conclusions divider, indications of value.",
      "position": 5,
      "confidence": 82,
      "parentBeatName": null,
      "parentBeatSlug": null
    },
    {
      "to": 39,
      "from": 37,
      "beatId": "019debe5-4134-76d3-9c3c-f99db31a995f",
      "arcName": "The Triple Take",
      "arcSlug": "triple-take",
      "beatName": "The Action (Now What)",
      "beatSlug": null,
      "evidence": "Value Conclusions section delivers indications of value and share-price sensitivity.",
      "position": 3,
      "confidence": 58,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [
    {
      "to": 39,
      "from": 38,
      "name": "Scenario Fork",
      "slug": "35-scenario-fork",
      "bestFor": "Strategic planning, risk analysis, board presentations",
      "matchId": "019debe5-425a-76c9-9331-cb0913a6ab35",
      "evidence": "Football-field-style indications of value across methodologies plus multi-dimensional share-price sensitivity table.",
      "position": 8,
      "objective": "Land the preliminary value range and show how share price varies with key assumptions",
      "structure": "The Decision Point -> Scenario A (If X) -> Scenario B (If Y) -> Scenario C (If Z) -> Recommendation",
      "confidence": 80,
      "description": "Present multiple futures based on different assumptions or decisions"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}