{
  "docId": "019de510-d596-762e-a210-c9ec2cea44a5",
  "docSlug": "df92e7d9c366b619387e175b302d64be",
  "documentTitle": "AT&amp;T | Mergers and Acquisitions Presentation Deck | 17 slides",
  "authorId": "at-t",
  "authorName": "AT&T",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2021-05-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 11,
  "pageCount": 17,
  "prevPage": 10,
  "nextPage": 12,
  "slideType": "kpi_overview",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 8,
  "notes": "The slide compares 2020 pro-forma figures with 2023 estimates and outlines a deleveraging path over 24 months.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de510-d596-762e-a210-c9ec2cea44a5/11",
  "deckHref": "/decks/019de510-d596-762e-a210-c9ec2cea44a5",
  "deckJsonHref": "/decks/019de510-d596-762e-a210-c9ec2cea44a5.json",
  "deckAnchorHref": "/decks/019de510-d596-762e-a210-c9ec2cea44a5#slide-11",
  "components": [
    {
      "bbox": {
        "h": 0.35,
        "w": 0.23,
        "x": 0.04,
        "y": 0.315
      },
      "kind": "chart",
      "text": "Revenue (in $ billions)",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "001521ed-d2ac-4d7e-a6c5-4bb892723a57",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.23,
        "x": 0.27,
        "y": 0.315
      },
      "kind": "chart",
      "text": "Adj. EBITDA (in $ billions)",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4b2a41e0-7cbd-46da-bfcb-a8e0ca85b91b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.38,
        "x": 0.55,
        "y": 0.315
      },
      "kind": "chart",
      "text": "Expected Rapid Deleveraging (Gross Leverage)",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "716663bb-1d62-42f4-aef7-f18122e9f91b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.35,
        "x": 0.55,
        "y": 0.78
      },
      "kind": "list",
      "text": "Long-term leverage target of 2.5x – 3.0x",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "343bf447-d323-4fdc-b35f-11e0253a61b2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.25,
        "x": 0.04,
        "y": 0.78
      },
      "kind": "list",
      "text": "~60% FCF conversion",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9225c378-c87c-4a13-bf2d-28db812607ca",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.5,
        "x": 0.04,
        "y": 0.88
      },
      "kind": "source-note",
      "text": "1. Includes phase-in of synergies assuming mid-2022 closing. 2. Based on trailing twelve months adjusted EBITDA assuming mid-2022 closing and excludes synergies.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "39120a96-3401-4f9e-ad57-848aa3af09c0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.27,
        "x": 0.02,
        "y": 0.07
      },
      "kind": "title",
      "text": "Financial Overview",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "26dd006e-ecf8-4e13-b370-6a05685fdc9e",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "aea210bc-9284-4aba-bf17-0f7172ce10b6",
      "evidence": "chart/bar-vertical: Expected Rapid Deleveraging (Gross Leverage)",
      "confidence": 0.8
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 12,
      "from": 11,
      "beatId": "52c411b6-1362-400d-8e4d-76a5c7f16ccf",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Evidence & Proof",
      "beatSlug": "consultants-gambit-evidence-proof",
      "evidence": "Slides 11-12 provide a financial overview and AT&T's post-transaction financial profile.",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [
    {
      "to": 13,
      "from": 8,
      "name": "Quick Win Big Bet",
      "slug": "47-quick-win-big-bet",
      "bestFor": "Transformation planning, 100-day plans, resource allocation",
      "matchId": "68f4bdac-5f29-4b0a-adbe-bea7a198a844",
      "evidence": "The presentation discusses the financial highlights and strategic benefits of the merger, indicating that it is a big bet for AT&T's future.",
      "position": 1,
      "objective": "What are the quick wins and big bets for this merger?",
      "structure": "The Full List -> Quick Wins (Low effort, High impact) -> Big Bets (High effort, High impact) -> Sequenced Roadmap",
      "confidence": 0.7,
      "description": "Separate initiatives into immediate wins and longer-term strategic bets"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}