{
  "docId": "019de077-1511-74ad-8779-d4a5bd51f53e",
  "docSlug": "36531221f1c67575f86f87d8dbd73e65",
  "documentTitle": "Trian Partners | Activist Presentation Deck | 133 slides",
  "authorId": "trian-partners",
  "authorName": "Trian Partners",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2024-03-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2938006,
  "pageNumber": 117,
  "pageCount": 129,
  "prevPage": 116,
  "nextPage": 118,
  "slideType": "problem_statement",
  "function": "diagnose_problem",
  "density": "balanced",
  "nDataPoints": 4,
  "notes": "Uses a 'problem-solution' structure where the top section identifies failures and the bottom section proposes the Trian Partners solution.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de077-1511-74ad-8779-d4a5bd51f53e/117",
  "deckHref": "/decks/019de077-1511-74ad-8779-d4a5bd51f53e",
  "deckJsonHref": "/decks/019de077-1511-74ad-8779-d4a5bd51f53e.json",
  "deckAnchorHref": "/decks/019de077-1511-74ad-8779-d4a5bd51f53e#slide-117",
  "components": [
    {
      "bbox": {
        "h": 0.12,
        "w": 0.84,
        "x": 0.08,
        "y": 0.75
      },
      "kind": "callout",
      "text": "Nelson Peltz, and Jay Rasulo – who ran Disney's Parks business for nearly a decade – will work with the Board to execute on a clear vision for Parks targeting at least high-single digit operating income growth to ensure adequate returns on the $60 billion of capital investment",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9edd8641-9b3e-4f90-ab14-27d48338c8de",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.84,
        "x": 0.08,
        "y": 0.25
      },
      "kind": "list",
      "text": "Tangible Targets: No expected return targets on the 10-year, $60 billion Parks CapEx plan; Vague guidance on how, when and where the capital would be spent",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a7b18cbc-4eb9-4003-b6d5-54466f978327",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.84,
        "x": 0.08,
        "y": 0.61
      },
      "kind": "list",
      "text": "Delighting the Consumer: Per capita guest spending (e.g., price increases) has increased 9% annually at domestic parks over the last 5 years compared to 5% in the preceding five years; Domestic parks have seen an upward tick in unplanned stoppages and wait times",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b153911c-af32-42d9-8583-2bc821d715b8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.84,
        "x": 0.08,
        "y": 0.43
      },
      "kind": "list",
      "text": "Competitive Threats: Universal's new theme park in Orlando, scheduled to open in 2025, will bring new competition to Walt Disney World and threaten Disney's leadership position; Universal reportedly invested $3 to $4 billion into Epic Universe",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "df0dd0fd-6c06-4c0a-90e4-a2cd1814ac43",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.84,
        "x": 0.08,
        "y": 0.13
      },
      "kind": "title",
      "text": "Disney's Parks Strategy Appears to Lack a Focus on Tangible Targets, Competitive Threats, and Delighting the Consumer",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "51732fe5-768e-4d9f-838a-c7cbf0b67b31",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Problem Statement Canvas",
      "slug": "problem-statement-canvas",
      "agent": "Architect",
      "layer": "slide",
      "matchId": "6d2463b1-257b-4337-8a11-c615794ab514",
      "evidence": "The slide presents a clear problem statement with specific areas of concern, such as lack of focus on tangible targets, competitive threats, and delighting the consumer.",
      "confidence": 0.8
    }
  ],
  "frameworks": [
    {
      "name": "problem-statement",
      "slug": null,
      "matchId": "ce7b6886-1949-4cb6-a1bf-44fe624d1d3a",
      "evidence": "The slide identifies three specific areas of failure (targets, competition, consumer) and provides a proposed solution.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 129,
      "from": 77,
      "beatId": "bb2c33c7-1b54-4e3b-a439-4c13d2a6f61f",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Solution (Provide relief)",
      "beatSlug": "problem-agitate-solution-solution-provide-relief",
      "evidence": "The document proposes Trian Partners' nominees as a solution to restore the magic at Disney.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}