{
  "docId": "019de50e-91eb-710d-9189-60bafb21b351",
  "docSlug": "10f5ba3712ae7f9d2747b8f614746d2e",
  "documentTitle": "Qatalyst Partners | Investment Banking Pitch Book | 27 slides",
  "authorId": "qatalyst-partners",
  "authorName": "Qatalyst Partners",
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  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2012-08-01 00:00:00",
  "orientation": "landscape",
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  "pageNumber": 14,
  "pageCount": 27,
  "prevPage": 13,
  "nextPage": 15,
  "slideType": "comparison_table",
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  "density": "dense",
  "nDataPoints": 60,
  "notes": "The slide compares subscriber, revenue, and EBITDA metrics across three time periods, highlighting the delta between Street and Management forecasts.",
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      "kind": "callout",
      "text": "CY12E Guidance: (Announced on July 25, 2012) Ending subscribers (000s): 2,000-2,020 Revenue: $473-480MM Adjusted EBITDA: $170-175MM",
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      "kind": "callout",
      "text": "Q3'CY12E Guidance: (Announced on July 25, 2012) Ending subscribers (000s): 2,000-2,020 Revenue: $122-125MM Adjusted EBITDA: $46.5-49.0MM",
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      "kind": "paragraph",
      "text": "Both Street and Management exclude Archives.com",
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      "kind": "source-note",
      "text": "Source: Capital IQ and Wall Street Research. All estimates are Non-GAAP projections, excluding stock-based compensation, amortization of intangibles and other non-recurring charges. Note: All projections include contribution from DNA. (1) Arbor Street Case based on consensus analyst estimates as of August 6, 2012. (2) Arbor Management Case based on Arbor Management as of July 2012. Excludes contribution from Archives.com.",
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      "kind": "table",
      "text": "Comparison table of Street vs Management projections for Q3'CY12E, CY12E, and CY13E across key financial metrics.",
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      "kind": "title",
      "text": "Arbor Street vs. Management",
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      "name": "Cost Of Inaction",
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