{
  "docId": "019de074-3247-765e-926d-9484eea233d7",
  "docSlug": "cd2820e588b325c7ed8b9a4e3464472a",
  "documentTitle": "Evercore | Investment Banking Pitch Book | 82 slides",
  "authorId": "evercore",
  "authorName": "Evercore",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2023-01-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2938006,
  "pageNumber": 46,
  "pageCount": 82,
  "prevPage": 45,
  "nextPage": 47,
  "slideType": "financial_analysis",
  "function": "quantify_impact",
  "density": "balanced",
  "nDataPoints": 45,
  "notes": "The slide uses a precedent transaction approach to determine an implied equity value and unit price range for SIRE.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de074-3247-765e-926d-9484eea233d7/46",
  "deckHref": "/decks/019de074-3247-765e-926d-9484eea233d7",
  "deckJsonHref": "/decks/019de074-3247-765e-926d-9484eea233d7.json",
  "deckAnchorHref": "/decks/019de074-3247-765e-926d-9484eea233d7#slide-46",
  "components": [
    {
      "bbox": {
        "h": 0.05,
        "w": 0.6,
        "x": 0.05,
        "y": 0.88
      },
      "kind": "disclaimer",
      "text": "Source: Public filings, Wall Street research, SIRE Financial Projections. 1. No transaction is directly comparable to the Transaction. 2. Includes 2.0% general partner interest, economically equivalent to 399,000 LP Units at current quarterly distribution",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6d54c3b8-0e15-4387-9dbe-8094d05c9020",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.38,
        "w": 0.9,
        "x": 0.05,
        "y": 0.21
      },
      "kind": "table",
      "text": "Precedent Green River Basin Soda Ash Transactions table",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "29acd3db-8b8f-4e9e-b85f-102fd89dcfc9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.9,
        "x": 0.05,
        "y": 0.63
      },
      "kind": "table",
      "text": "Precedent M&A Transaction Analysis – SIRE Financial Projections table",
      "attrs": null,
      "subkind": "valuation",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "edef7e72-713d-4021-bbaa-db5d87801e54",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.6,
        "x": 0.05,
        "y": 0.08
      },
      "kind": "title",
      "text": "Preliminary Valuation Detail – SIRE Financial Projections",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "daf3e313-5029-4d9f-bd28-066e33c89952",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Precedent transaction",
      "slug": "precedent-transaction",
      "agent": null,
      "layer": "slide",
      "matchId": "d902ed11-18cb-4489-a1aa-0e7e53566ed0",
      "evidence": "Precedent M&A Transaction Analysis",
      "confidence": 0.7
    }
  ],
  "frameworks": [
    {
      "name": "Precedent Transactions Analysis",
      "slug": null,
      "matchId": "a7a6700d-034f-446c-ab40-34ddb6ef7c48",
      "evidence": "The slide explicitly uses a list of historical M&A transactions to derive valuation multiples.",
      "confidence": 1
    }
  ],
  "arcBeats": [
    {
      "to": 55,
      "from": 31,
      "beatId": "8ab17320-54b4-4bfa-ad92-34c6ab08aff9",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Evidence & Proof",
      "beatSlug": "consultants-gambit-evidence-proof",
      "evidence": "The deck provides detailed financial analysis, valuation, and sensitivity case, serving as evidence and proof for the investment opportunity.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [
    {
      "to": 55,
      "from": 31,
      "name": "Hypothesis Test",
      "slug": "42-hypothesis-test",
      "bestFor": "Strategy validation, due diligence, research presentations",
      "matchId": "a8566360-a83e-4590-b207-a4294e66c182",
      "evidence": "The deck provides detailed financial analysis, valuation, and sensitivity case, testing the hypothesis that SIRE is a good investment opportunity.",
      "position": 1,
      "objective": "To test the hypothesis that SIRE is a good investment opportunity",
      "structure": "The Hypothesis -> Test 1 (Supports/Refutes) -> Test 2 (Supports/Refutes) -> Conclusion (Validated/Pivoted)",
      "confidence": 0.7,
      "description": "State a hypothesis upfront, then systematically prove or disprove it with evidence"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}