{
  "docId": "019de50f-0e55-779d-9c37-bb69a11bf6f2",
  "docSlug": "777eeda6d89ed16bb5f89a74b017b9bf",
  "documentTitle": "Baird | Investment Banking Pitch Book | 35 slides",
  "authorId": "baird",
  "authorName": "Baird",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2018-06-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 17,
  "pageCount": 35,
  "prevPage": 16,
  "nextPage": 18,
  "slideType": "financial_analysis",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 40,
  "notes": "The slide compares two scenarios: one exclusive of Series B and one inclusive of Series B, showing the implied ownership percentages versus the proposed ownership percentages.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de50f-0e55-779d-9c37-bb69a11bf6f2/17",
  "deckHref": "/decks/019de50f-0e55-779d-9c37-bb69a11bf6f2",
  "deckJsonHref": "/decks/019de50f-0e55-779d-9c37-bb69a11bf6f2.json",
  "deckAnchorHref": "/decks/019de50f-0e55-779d-9c37-bb69a11bf6f2#slide-17",
  "components": [
    {
      "bbox": {
        "h": 0.28,
        "w": 0.4,
        "x": 0.55,
        "y": 0.18
      },
      "kind": "chart",
      "text": "Historical exchange ratio chart",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fcdce329-eee1-48d2-a082-4d73309b0a17",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.45,
        "x": 0.02,
        "y": 0.19
      },
      "kind": "list",
      "text": "Baird utilized the long term average exchange ratios of AM / AMGP under two scenarios: 1) AM / AMGP (inclusive of only Series A) 2) AM / AMGP (assuming full redemption of Series B)",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "afc366b0-885c-463d-a89d-59f1d61ef3c3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.5,
        "x": 0.02,
        "y": 0.14
      },
      "kind": "paragraph",
      "text": "Relative contribution based on historical market valuations",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b9275506-d5b5-4831-bc1e-ad2c7c8f8ab2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.3,
        "x": 0.02,
        "y": 0.96
      },
      "kind": "source-note",
      "text": "(1) Utilizes AMGP share price of $18.35 as of June 15, 2018.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f190229c-1322-428f-8faa-a27b0dec09dd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.55,
        "x": 0.02,
        "y": 0.58
      },
      "kind": "table",
      "text": "Detailed table showing shares, exchange ratios, market value, relative contribution, and proposal ownership for two scenarios.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6e5ba834-b533-4440-be02-9b7e2cd31887",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.3,
        "x": 0.65,
        "y": 0.65
      },
      "kind": "table",
      "text": "Summary table comparing ownership % implied by relative contribution analysis vs proposal.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8fb7b32b-de6d-4382-a0d5-38ccbfedb4de",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.7,
        "x": 0.02,
        "y": 0.06
      },
      "kind": "title",
      "text": "RELATIVE CONTRIBUTION ANALYSIS APPROACH (CONT.)",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e02791c0-1ab7-40a8-84be-8c15307958bd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.6,
        "x": 0.02,
        "y": 0.53
      },
      "kind": "title",
      "text": "IMPLIED MARKET VALUE CONTRIBUTION vs. PROPOSED OWNERSHIP",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f658856e-ba2a-42ce-a974-4774eac03307",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "537bac31-e058-4df8-98de-baf974b9f654",
      "evidence": "chart/waterfall-bridge: Waterfall bridge showing FCF components for Status Quo and Pro Forma",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 19,
      "from": 10,
      "beatId": "daa8d660-9746-45f9-88e9-2893e8f9361b",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Solution & Approach",
      "beatSlug": "consultants-gambit-solution-approach",
      "evidence": "The document presents a detailed analysis and proposal for the client's investment needs",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [
    {
      "to": 19,
      "from": 10,
      "name": "Logic Chain",
      "slug": "01-logic-chain",
      "bestFor": "Skeptical audiences, controversial recommendations, rigorous analysis",
      "matchId": "a148fc0b-8a7b-43d1-aedb-36aba4f3b16e",
      "evidence": "The document presents a logical and structured approach to analyzing the client's needs",
      "position": 0,
      "objective": "To understand the client's investment needs and objectives",
      "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... (Inevitable conclusion)",
      "confidence": 0.7,
      "description": "Build an airtight chain of logic where each premise leads inevitably to the conclusion"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}