{
  "docId": "019de513-66da-76e8-b74e-18787c686da4",
  "docSlug": "1dafce9c58f6bf748b20fb374acf62aa",
  "documentTitle": "Commercial Metals Company | Investor Presentation Deck | 31 slides",
  "authorId": "commercial-metals-company",
  "authorName": "Commercial Metals Company",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2022-06-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 8,
  "pageCount": 31,
  "prevPage": 7,
  "nextPage": 9,
  "slideType": "other",
  "function": "present_framework",
  "density": "dense",
  "nDataPoints": 0,
  "notes": "The slide uses a process flow diagram to illustrate vertical integration.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de513-66da-76e8-b74e-18787c686da4/8",
  "deckHref": "/decks/019de513-66da-76e8-b74e-18787c686da4",
  "deckJsonHref": "/decks/019de513-66da-76e8-b74e-18787c686da4.json",
  "deckAnchorHref": "/decks/019de513-66da-76e8-b74e-18787c686da4#slide-8",
  "components": [
    {
      "bbox": {
        "h": 0.025,
        "w": 0.18,
        "x": 0.047,
        "y": 0.23
      },
      "kind": "framework",
      "text": "Role of each link",
      "attrs": null,
      "subkind": "instance",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ddb67d1b-3f0d-47b9-ba78-3f2f6891191a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.28,
        "x": 0.67,
        "y": 0.45
      },
      "kind": "list",
      "text": "Downstream Operations: 1. Create baseload for Mills, 2. CMC volumes protected from imports, 3. Direct connection to customers, 4. Forward visibility, 5. Internal price hedge",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "091611b0-5817-458c-a0bb-796caa77e5e0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.28,
        "x": 0.05,
        "y": 0.45
      },
      "kind": "list",
      "text": "Raw Materials: 1. Economically supply Mills, 2. Ensure scrap availability, 3. Return cost of capital, 4. Investment in non-ferrous separation",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6aa0d315-c8d4-4c66-a645-e5892d04b71b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.28,
        "x": 0.36,
        "y": 0.45
      },
      "kind": "list",
      "text": "Mill Operations: 1. Economic heart of our value chain, 2. Most profitable at high operating rates, 3. Significantly over-earn cost of capital",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ccb60672-58b6-4637-84c9-30e02010c100",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.43,
        "x": 0.047,
        "y": 0.065
      },
      "kind": "title",
      "text": "Vertical Integration Drives Our Success",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6c93ebdb-5139-4282-b85f-0417e4235773",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.025,
        "w": 0.35,
        "x": 0.047,
        "y": 0.13
      },
      "kind": "title",
      "text": "Our Business is Managed Vertically to Maximize Returns",
      "attrs": null,
      "subkind": "subtitle",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2d3d857a-7cc7-413f-910b-b88b5754906f",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "value-chain",
      "slug": null,
      "matchId": "7fec3116-a289-4490-8439-5594593c4295",
      "evidence": "The slide explicitly breaks down the business into three sequential operational links (Raw Materials -> Mill -> Downstream) to explain value creation.",
      "confidence": 1
    }
  ],
  "arcBeats": [
    {
      "to": 10,
      "from": 7,
      "beatId": "0a48e69b-5076-4861-9217-460e8d3ec22f",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Market Size",
      "beatSlug": "sequoia-pitch-market-size",
      "evidence": "The presentation discusses the U.S. market and the company's end markets, which aligns with the market size section of the Sequoia Pitch.",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}