{
  "docId": "019de075-2e64-754b-ae3d-102d7aafb97f",
  "docSlug": "37acdc1404033fc1280ba03c6bcdbf9d",
  "documentTitle": "Nano Dimension | Mergers and Acquisitions Presentation Deck | 12 slides",
  "authorId": "nano-dimension",
  "authorName": "Nano Dimension",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2023-06-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 10,
  "pageCount": 12,
  "prevPage": 9,
  "nextPage": 11,
  "slideType": "villain_critique",
  "function": "name_villain",
  "density": "balanced",
  "nDataPoints": 14,
  "notes": "Uses a combination of a donut chart for ownership and bar/line charts for financial performance to discredit the target company.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de075-2e64-754b-ae3d-102d7aafb97f/10",
  "deckHref": "/decks/019de075-2e64-754b-ae3d-102d7aafb97f",
  "deckJsonHref": "/decks/019de075-2e64-754b-ae3d-102d7aafb97f.json",
  "deckAnchorHref": "/decks/019de075-2e64-754b-ae3d-102d7aafb97f#slide-10",
  "components": [
    {
      "bbox": {
        "h": 0.2,
        "w": 0.3,
        "x": 0.05,
        "y": 0.65
      },
      "kind": "callout",
      "text": "Stratasys' shareholders are being offered a minority stake in 3D Systems, which lost money in 4 out of the 5 last years",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6c7d65c4-f6cb-41ad-907e-bb8e997b21ea",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.6,
        "x": 0.35,
        "y": 0.25
      },
      "kind": "chart",
      "text": "Weak and Inconsistent Financial Performance – Net Income and EPS",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3b23cd30-7316-4ab5-a98f-a791942b4b95",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.6,
        "x": 0.35,
        "y": 0.6
      },
      "kind": "chart",
      "text": "3D Systems' Management Has Consistently Missed Historical Operating Targets",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c63ceb97-888e-46c3-a0d8-2dce8714877c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.3,
        "x": 0.05,
        "y": 0.25
      },
      "kind": "chart",
      "text": "PF Ownership",
      "attrs": null,
      "subkind": "donut",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d2d50f58-2193-4f19-92a4-145e2bed74dd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.2,
        "x": 0.02,
        "y": 0.97
      },
      "kind": "source-note",
      "text": "Source: FactSet, 3D Systems SEC filings",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "30806f29-d264-424b-9221-638573daff16",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.7,
        "x": 0.15,
        "y": 0.14
      },
      "kind": "title",
      "text": "Stratasys shareholders would own ~40% of the combined company with an uncertain outlook",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "eae44bdd-abb5-4a8e-a91c-50919bd2d971",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.7,
        "x": 0.15,
        "y": 0.05
      },
      "kind": "title",
      "text": "Receiving 3D Systems Stock is not Compelling for Stratasys Shareholders",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "225323c2-ff73-492b-a5d4-b315f207314b",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "villain_critique",
      "slug": null,
      "matchId": "e52ed068-5e80-4d1a-a74c-fa6794b12624",
      "evidence": "The slide explicitly frames 3D Systems as a failing entity to discourage a merger.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 10,
      "from": 6,
      "beatId": "c23072c2-16fd-4a21-845a-10a0d2eed48d",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Agitate",
      "beatSlug": "problem-agitate-solution-agitate-make-it-worse",
      "evidence": "The deck exposes contradictions and critiquing villains, making the alternatives appear less appealing",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Development",
      "parentBeatSlug": "development"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}