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  "documentTitle": "BMO Capital Markets | Investment Banking Pitch Book | 8 slides",
  "authorId": "bmo-capital-markets",
  "authorName": "BMO Capital Markets",
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  "presentationDate": "2022-07-01 00:00:00",
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  "notes": "Includes specific highlights (red boxes/circles) indicating key valuation thresholds or hurdle rates.",
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      "kind": "disclaimer",
      "text": "4. Mid-point of Rio Tinto's ability to pay based on broker methodologies. 5. Rio Tinto has publicly stated a 15% IRR hurdle rate requirement. 6. Assuming 1.0x P/NAV.",
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      "text": "1. Shown on a consolidated basis. 2. Transaction costs of US$87.5 mm and 50% of US$25 mm p.a. of synergies included. 3. Rio Tinto's 2025 CFPS based on 2025 cash flow from operations divided by Rio Tinto's current fully diluted in-the-money shares.",
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      "text": "Source: BMO Equity Research model, company filings, FactSet, Turquoise Hill Internal Model at street consensus pricing, street research",
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      "text": "Comprehensive financial data table comparing metrics across offer prices from C$20.00 to C$55.00.",
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      "kind": "title",
      "text": "Bid Continuum",
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      "name": "Cost Of Inaction",
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      "bestFor": "Urgent budget requests, compliance, risk mitigation",
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