{
  "docId": "019de50f-1f71-71ad-94c3-fd6a9d8010ab",
  "docSlug": "48258465265fd797aae51e8085d198c4",
  "documentTitle": "Baird | Investment Banking Pitch Book | 6 slides",
  "authorId": "baird",
  "authorName": "Baird",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2018-08-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 2,
  "pageCount": 6,
  "prevPage": 1,
  "nextPage": 3,
  "slideType": "financial_analysis",
  "function": "compare_options",
  "density": "balanced",
  "nDataPoints": 12,
  "notes": "The slide compares the AMGP Proposal (1.65x) and the AR/AM Proposal (1.91x) against a historical exchange ratio trend line.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de50f-1f71-71ad-94c3-fd6a9d8010ab/2",
  "deckHref": "/decks/019de50f-1f71-71ad-94c3-fd6a9d8010ab",
  "deckJsonHref": "/decks/019de50f-1f71-71ad-94c3-fd6a9d8010ab.json",
  "deckAnchorHref": "/decks/019de50f-1f71-71ad-94c3-fd6a9d8010ab#slide-2",
  "components": [
    {
      "bbox": {
        "h": 0.48,
        "w": 0.96,
        "x": 0.02,
        "y": 0.44
      },
      "kind": "chart",
      "text": "Historical exchange ratio trend line from AMGP IPO to 07/31/18",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fcaeae06-cb90-4169-ac0a-b3484b968f82",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.96,
        "x": 0.02,
        "y": 0.18
      },
      "kind": "table",
      "text": "AMGP Proposal: 1.65x, AR/AM Proposal: 1.91x",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fdecd0d7-a239-4d28-a467-2bc9114db390",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.78,
        "x": 0.02,
        "y": 0.06
      },
      "kind": "title",
      "text": "POTENTIAL AMGP PERSPECTIVES ON EXCHANGE RATIO",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "813f17c8-92f0-4b3f-aaa1-a9f2da75301e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.33,
        "x": 0.02,
        "y": 0.13
      },
      "kind": "title",
      "text": "Historical exchange ratio analysis",
      "attrs": null,
      "subkind": "subtitle",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2a1ef8a7-a256-47a1-aee9-c4e85336231f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.3,
        "x": 0.02,
        "y": 0.39
      },
      "kind": "title",
      "text": "HISTORICAL EXCHANGE RATIO",
      "attrs": null,
      "subkind": "subtitle",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c4940803-7629-41fa-a448-def4cb0dd2f1",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "93cfd70f-cc42-4cef-ba98-b40d41314f44",
      "evidence": "Historical exchange ratio line chart from AMGP IPO to 07/31/18",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 4,
      "from": 2,
      "beatId": "4220cf70-3447-4c34-b9b2-6f183e586206",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Problem & Complication",
      "beatSlug": "consultants-gambit-problem-complication",
      "evidence": "Financial analysis and data tables present potential perspectives",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
    }
  ],
  "loops": [
    {
      "to": 6,
      "from": 2,
      "name": "Logic Chain",
      "slug": "01-logic-chain",
      "bestFor": "Skeptical audiences, controversial recommendations, rigorous analysis",
      "matchId": "6bafed57-263e-4843-93ef-2471537b29d5",
      "evidence": "Financial analysis and pro forma leverage analysis build a logic chain",
      "position": 0,
      "objective": "Understand the exchange ratio and leverage implications",
      "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
}