{
  "docId": "019de514-544e-7526-8bb9-c165f27d803c",
  "docSlug": "c6ae2db2e3ffea4ee004f03ef767a7af",
  "documentTitle": "Kroger | Mergers and Acquisitions Presentation Deck | 26 slides",
  "authorId": "kroger",
  "authorName": "Kroger",
  "documentKindSlug": "deck",
  "documentKindLabel": "Deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2022-10-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2938006,
  "pageNumber": 22,
  "pageCount": 26,
  "prevPage": 21,
  "nextPage": 23,
  "slideType": "thesis_headline",
  "function": "summarize",
  "density": "overcrowded",
  "nDataPoints": 7,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de514-544e-7526-8bb9-c165f27d803c/22",
  "deckHref": "/decks/019de514-544e-7526-8bb9-c165f27d803c",
  "deckJsonHref": "/decks/019de514-544e-7526-8bb9-c165f27d803c.json",
  "deckAnchorHref": "/decks/019de514-544e-7526-8bb9-c165f27d803c#slide-22",
  "components": [
    {
      "bbox": {
        "h": 0.7,
        "w": 0.2,
        "x": 0.78,
        "y": 0.28
      },
      "kind": "image",
      "text": null,
      "attrs": null,
      "subkind": "illustration",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1961365b-50cc-44a7-ab68-51be63a8f956",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.25,
        "x": 0.51,
        "y": 0.3
      },
      "kind": "list",
      "text": "Strong Balance Sheet & Resilient Free Cash Flow: Resilient financial model, 30% accretive to total annual Free Cash Flow, Investment Grade Debt Rating",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1cb446fa-caa2-44f7-9a1f-68f7dcc75ccb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.25,
        "x": 0.27,
        "y": 0.3
      },
      "kind": "list",
      "text": "Proven Value Creation Model: Combined TSR 8-11%, $1B synergy savings, Margin Accretive Alternative Profits, Disciplined Capital Investments, Increasing dividend",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "52e43d90-b8db-47c6-ab48-650a03fa0f5a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.25,
        "x": 0.03,
        "y": 0.3
      },
      "kind": "list",
      "text": "Accelerated Go-To-Market Strategy: ~$59B Fresh Sales, Best-in-Class Data on ~85M Households, ~$43B Our Brands Business, Significant Digital Business >$12B",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f68d9976-e219-4aa4-b49b-c0077b4090fd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.7,
        "x": 0.16,
        "y": 0.8
      },
      "kind": "source-note",
      "text": "(1) Pro forma results as presented represent the combined Kroger and Albertsons FY 2021 results and are not intended to represent pro forma financials under Section 11 of Regulation S-X under the Securities Exchange Act of 1934, as amended.",
      "attrs": {
        "numbered": true
      },
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2277fe70-1d62-4207-80fa-d92b5f7a38f4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.35,
        "x": 0.03,
        "y": 0.18
      },
      "kind": "title",
      "text": "Investment Thesis",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "00708e9a-5098-4605-be0e-fd4acb50ec73",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Thesis archetype",
      "slug": "thesis-archetype",
      "agent": null,
      "layer": "slide",
      "matchId": "95eb4d5e-1ebe-4b45-ac97-8543596e4f59",
      "evidence": "Proven Value Creation Model: Combined TSR 8-11%, $1B synergy savings, Margin Accretive Alternative Profits, Disciplined Capital Investments, Increasing dividend",
      "confidence": 0.9
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 22,
      "from": 22,
      "beatId": "8ddbc971-72a0-4a6f-aa0b-363bfbc24d13",
      "arcName": "The Sparkline",
      "arcSlug": "sparkline",
      "beatName": "Thesis Headline",
      "beatSlug": null,
      "evidence": "The deck presents the investment thesis, summarizing the key points.",
      "position": 4,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [
    {
      "to": 22,
      "from": 20,
      "name": "Quick Win Big Bet",
      "slug": "47-quick-win-big-bet",
      "bestFor": "Transformation planning, 100-day plans, resource allocation",
      "matchId": "262db28b-66da-44e6-855b-b9c331fd41d2",
      "evidence": "The deck presents the investment thesis and key takeaways.",
      "position": 2,
      "objective": "What are the key areas of focus for growth and value creation",
      "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
}