{
  "docId": "019de077-4afb-71c3-9c30-47bdfd22c0dd",
  "docSlug": "33891c625660bf65301187bedd1a6954",
  "documentTitle": "Starboard Value | Activist Presentation Deck | 71 slides",
  "authorId": "starboard-value",
  "authorName": "Starboard Value",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2024-10-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 65,
  "pageCount": 71,
  "prevPage": 64,
  "nextPage": 66,
  "slideType": "peer_benchmark",
  "function": "compare_peers",
  "density": "balanced",
  "nDataPoints": 5,
  "notes": "The slide uses a 'gap' visualization to highlight the opportunity for Kenvue to reach the market growth benchmark.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de077-4afb-71c3-9c30-47bdfd22c0dd/65",
  "deckHref": "/decks/019de077-4afb-71c3-9c30-47bdfd22c0dd",
  "deckJsonHref": "/decks/019de077-4afb-71c3-9c30-47bdfd22c0dd.json",
  "deckAnchorHref": "/decks/019de077-4afb-71c3-9c30-47bdfd22c0dd#slide-65",
  "components": [
    {
      "bbox": {
        "h": 0.08,
        "w": 0.18,
        "x": 0.52,
        "y": 0.61
      },
      "kind": "callout",
      "text": "Opportunity to improve growth to 4.4%",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4d01356e-d122-4027-8129-031b97613696",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.6,
        "w": 0.8,
        "x": 0.1,
        "y": 0.25
      },
      "kind": "chart",
      "text": "FY2020 to FY2023 Organic Growth: SH&B vs. Peers",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6f0a8a53-3bb7-43e4-b0fa-02026315011f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.5,
        "x": 0.25,
        "y": 0.9
      },
      "kind": "paragraph",
      "text": "Industry growth is not the issue with Skin Health and Beauty.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9e723fe2-51a1-4f55-9506-7593bab52637",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.9,
        "x": 0.05,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "Source: Public company filings and Wall Street research. (1) Represents market growth rates for Face / Body Care and Hair, Sun, and Other categories, weighted based upon Kenvue’s sales mix.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "524218a9-3ad7-4075-ac08-dcc35497e3f0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.9,
        "x": 0.05,
        "y": 0.05
      },
      "kind": "title",
      "text": "We Believe a Revitalized Skin Health and Beauty Can Improve Its Organic Growth Rate to At Least Industry Growth Rates...",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "64c5d79a-8980-460a-aaab-06c7cc936907",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "before-after-bridge",
      "slug": null,
      "matchId": "8b593fbc-4c20-4f40-9671-a6b8d5ee8fcd",
      "evidence": "The chart visualizes the current state (0.5%) vs the target state (4.4%) using a bridge-like arrow.",
      "confidence": 0.85
    }
  ],
  "arcBeats": [],
  "loops": [
    {
      "to": 70,
      "from": 49,
      "name": "Quick Win Big Bet",
      "slug": "47-quick-win-big-bet",
      "bestFor": "Transformation planning, 100-day plans, resource allocation",
      "matchId": "56d6b343-d5aa-4aa5-9ff9-d414baf38abe",
      "evidence": "The deck presents Starboard Value's big bet for Kenvue's growth and improvement, including a renewed focus on Skin Health and Beauty.",
      "position": 2,
      "objective": "Present Starboard Value's big bet for Kenvue's growth and improvement",
      "structure": "The Full List -> Quick Wins (Low effort, High impact) -> Big Bets (High effort, High impact) -> Sequenced Roadmap",
      "confidence": 0.8,
      "description": "Separate initiatives into immediate wins and longer-term strategic bets"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}