{
  "docId": "019de073-b72d-73db-b519-6bae9480a496",
  "docSlug": "d961308241d56130b48a4437d7f487f2",
  "documentTitle": "Evercore | Investment Banking Pitch Book | 45 slides",
  "authorId": "evercore",
  "authorName": "Evercore",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2022-10-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2938006,
  "pageNumber": 6,
  "pageCount": 45,
  "prevPage": 5,
  "nextPage": 7,
  "slideType": "executive_summary",
  "function": "summarize",
  "density": "dense",
  "nDataPoints": 8,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de073-b72d-73db-b519-6bae9480a496/6",
  "deckHref": "/decks/019de073-b72d-73db-b519-6bae9480a496",
  "deckJsonHref": "/decks/019de073-b72d-73db-b519-6bae9480a496.json",
  "deckAnchorHref": "/decks/019de073-b72d-73db-b519-6bae9480a496#slide-6",
  "components": [
    {
      "bbox": {
        "h": 0.06,
        "w": 0.85,
        "x": 0.08,
        "y": 0.8
      },
      "kind": "list",
      "text": "Added an analysis of SIRE's historical enterprise value to run-rate EBITDA (latest quarter annualized) trading multiple over the past five years compared to its peer group",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1491f8f8-eca9-455c-94af-47f673286716",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.85,
        "x": 0.08,
        "y": 0.64
      },
      "kind": "list",
      "text": "Adjusted the equity cost of capital utilized for discounted distributions analyses from a range of 9.0% to 11.0% to a range of 10.0% to 12.0% based on market changes",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1d59381a-212b-4f06-be20-7e543662d519",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.35,
        "x": 0.08,
        "y": 0.34
      },
      "kind": "list",
      "text": "Updated market prices to October 20, 2022",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5b4b3a82-acbc-4ec9-b05c-6985139927dd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.85,
        "x": 0.08,
        "y": 0.18
      },
      "kind": "list",
      "text": "Evercore made the following updates and adjustments from the draft presentation dated October 11, 2022, as requested by the Conflicts Committee:",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f0b5e9b9-08bf-4599-b558-54ad9a44dd16",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.85,
        "x": 0.08,
        "y": 0.48
      },
      "kind": "list",
      "text": "Adjusted the weighted average cost of capital (\"WACC\") utilized for discounted cash flow (\"DCF\") analyses from a range of 8.25% to 9.25% to a range of 8.50% to 9.50% based on market changes",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fd896640-226d-48ec-9af9-c926f81cf1c8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.27,
        "x": 0.05,
        "y": 0.08
      },
      "kind": "title",
      "text": "Executive Summary",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "80d32d83-9791-43c6-84f1-cfdd9c1868b3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.55,
        "x": 0.05,
        "y": 0.13
      },
      "kind": "title",
      "text": "Changes Since Conflicts Committee Meeting on October 11, 2022",
      "attrs": null,
      "subkind": "subtitle",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "301eacd4-004e-4424-83da-88f33b81dee3",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Executive summary",
      "slug": "executive-summary",
      "agent": null,
      "layer": "slide",
      "matchId": "6df7d71d-9a27-4c2f-a0e8-63ee95ab29cb",
      "evidence": "Adjusted the weighted average cost of capital (\"WACC\") utilized for discounted cash flow (\"DCF\") analyses from a range of 8.25% to 9.25% to a range of 8.50% to 9.50% based on market changes",
      "confidence": 0.9
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 10,
      "from": 1,
      "beatId": "00e98b81-6c5f-44a6-b595-6d25fbd6a575",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Situation & Context",
      "beatSlug": "consultants-gambit-situation-context",
      "evidence": "The deck provides an overview of SIRE's situation and executive summary",
      "position": 0,
      "confidence": 0.8,
      "parentBeatName": "Setup",
      "parentBeatSlug": "setup"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}