{
  "docId": "019de077-4c75-7299-85f2-8570aa012761",
  "docSlug": "bc27eff688e591dce79cc29b4a79cc4b",
  "documentTitle": "Starboard Value | Activist Presentation Deck | 74 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": 69,
  "pageCount": 74,
  "prevPage": 68,
  "nextPage": 70,
  "slideType": "revenue_buildup",
  "function": "quantify_opportunity",
  "density": "sparse",
  "nDataPoints": 5,
  "notes": "Uses a 'bridge' style calculation to derive an incremental revenue requirement.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de077-4c75-7299-85f2-8570aa012761/69",
  "deckHref": "/decks/019de077-4c75-7299-85f2-8570aa012761",
  "deckJsonHref": "/decks/019de077-4c75-7299-85f2-8570aa012761.json",
  "deckAnchorHref": "/decks/019de077-4c75-7299-85f2-8570aa012761#slide-69",
  "components": [
    {
      "bbox": {
        "h": 0.05,
        "w": 0.94,
        "x": 0.03,
        "y": 0.9
      },
      "kind": "callout",
      "text": "The Company needs to achieve higher revenue growth based on its R&D and M&A investments.",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6d7d1e6e-f026-4da5-8892-0c82448582a8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.2,
        "x": 0.01,
        "y": 0.98
      },
      "kind": "source-note",
      "text": "Source: Public company filings and Starboard estimates.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9eb9fd9a-252f-499d-a1e5-98238d4dc90d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.55,
        "w": 0.94,
        "x": 0.03,
        "y": 0.185
      },
      "kind": "table",
      "text": "Incremental Revenue Growth Required (Ex. COVID) calculation table",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b0d94328-31b9-42d3-bf03-f559e6106963",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.94,
        "x": 0.03,
        "y": 0.03
      },
      "kind": "title",
      "text": "If the Company Is Going to Continue Its R&D Investment Rate, It Needs to Generate Considerably More Revenue",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "47b991cb-f923-402a-a754-dca9e94b2f21",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "d307b259-a2eb-4bdc-b653-c288919c4a8a",
      "evidence": "chart/waterfall-bridge: Pfizer Sales Bridge (Ex. COVID): 2023 to 2030",
      "confidence": 0.7
    }
  ],
  "frameworks": [
    {
      "name": "revenue-buildup",
      "slug": null,
      "matchId": "e83a1919-1cff-424f-8aed-c11207307f09",
      "evidence": "The slide uses a mathematical sequence of additions and subtractions to arrive at a required incremental growth figure.",
      "confidence": 1
    }
  ],
  "arcBeats": [
    {
      "to": 73,
      "from": 61,
      "beatId": "09329c98-b3dc-4181-a1f0-2064b6b5f307",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Solution (Provide relief)",
      "beatSlug": "problem-agitate-solution-solution-provide-relief",
      "evidence": "The document proposes a solution by suggesting that the Board needs to hold management accountable for improving performance and achieving higher revenue growth.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [
    {
      "to": 70,
      "from": 66,
      "name": "Mece Breakdown",
      "slug": "40-mece-breakdown",
      "bestFor": "Problem structuring, ensuring completeness, strategic analysis",
      "matchId": "3e7f589c-1016-46fa-a786-ecdd6d3310b8",
      "evidence": "The document proposes a breakdown of Pfizer's R&D investments and suggests that the company needs to achieve higher revenue growth based on its R&D and M&A investments.",
      "position": 2,
      "objective": "How can Pfizer improve its return on R&D investments?",
      "structure": "The Whole -> Category A (distinct) -> Category B (distinct) -> Category C (distinct) -> Complete Coverage",
      "confidence": 0.6,
      "description": "Divide a complex topic into mutually exclusive, collectively exhaustive categories"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}