{
  "docId": "019f6b8e-dc97-7092-bd42-47c5f8297ad4",
  "docSlug": "jarvis-20-ibd-presentation-2020-gci-liberty-inc-evercore-group-1",
  "documentTitle": "20 IBD presentation 2020 Gci Liberty Inc Evercore Group 1",
  "authorId": "20-ibd-presentation-2020-gci-liberty-inc-evercore-group-1",
  "authorName": null,
  "documentKindSlug": "deck",
  "documentKindLabel": "Deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2020-01-01 00:00:00",
  "orientation": null,
  "aspectRatio": null,
  "pageNumber": 28,
  "pageCount": 55,
  "prevPage": 27,
  "nextPage": 29,
  "slideType": "appendix_data",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 24,
  "notes": "Includes specific valuation adjustments for Charter tax leakage and Skyhook DCF.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019f6b8e-dc97-7092-bd42-47c5f8297ad4/28",
  "deckHref": "/decks/019f6b8e-dc97-7092-bd42-47c5f8297ad4",
  "deckJsonHref": "/decks/019f6b8e-dc97-7092-bd42-47c5f8297ad4.json",
  "deckAnchorHref": "/decks/019f6b8e-dc97-7092-bd42-47c5f8297ad4#slide-28",
  "components": [
    {
      "bbox": {
        "h": 0.1,
        "w": 0.9,
        "x": 0.05,
        "y": 0.85
      },
      "kind": "other",
      "text": "Source: FactSet (as of 6/29/20), LBRD management, Wall Street Research. Note: Charter tax leakage of $4,731mm at 24% tax rate per page 28 of the appendix. 1. Assumes Skyhook's value based on DCF with terminal multiple range of 1.5x to 3.5x. 2. Calculated as LBRD Equity Value as of 6/29/20 plus Net Debt minus the mid-point of Skyhook valuation plus NPV of LBRD Corporate Expense, divided by 54.1mm Charter shares within LBRD.",
      "attrs": null,
      "subkind": "source-note",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e6c33f4e-1f73-48de-86ba-6539bea0d2db",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.9,
        "x": 0.05,
        "y": 0.12
      },
      "kind": "subtitle",
      "text": "Assuming public assets at trading value ($ in millions)",
      "attrs": null,
      "subkind": "description",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "04d56666-5787-486a-8952-9fc56b454957",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.65,
        "w": 0.9,
        "x": 0.05,
        "y": 0.18
      },
      "kind": "table",
      "text": "LBRD Net Asset Value table including Publicly Traded Securities, Private Assets, Financial Assets and Liabilities, and implied look-through price.",
      "attrs": null,
      "subkind": "valuation",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d8d87640-047f-4863-b2d9-be136b521f0e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.6,
        "x": 0.05,
        "y": 0.08
      },
      "kind": "title",
      "text": "Sum-of-the-Parts Valuation of LBRD (6/29/20 – Unaffected)",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d7eec57a-eb16-4d22-983d-2cf2e8cdb3f0",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Sum of parts",
      "slug": "sum-of-parts",
      "agent": null,
      "layer": "slide",
      "matchId": "af241ef3-68a5-4c6d-ac6c-df771ba74b51",
      "evidence": "Sum-of-the-Parts Valuation of LBRD",
      "confidence": 0.7
    },
    {
      "name": "Table data",
      "slug": "table-data",
      "agent": null,
      "layer": "slide",
      "matchId": "bd7c8e4d-6f3d-4211-847c-b0b229c29ac4",
      "evidence": "LBRD Net Asset Value table",
      "confidence": 0.8
    }
  ],
  "frameworks": [
    {
      "name": "asset-value",
      "slug": null,
      "matchId": "bf514dc7-466d-4581-8c83-44f0baafb51e",
      "evidence": "Sum-of-the-parts valuation methodology",
      "confidence": 1
    }
  ],
  "arcBeats": [
    {
      "to": 31,
      "from": 19,
      "beatId": "4ae6b3b4-2b82-40f3-9bfc-64a8c7c3e512",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Financials",
      "beatSlug": "sequoia-pitch-financials",
      "evidence": "The deck presents a detailed financial analysis of GLIB and LBRD",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [
    {
      "to": 31,
      "from": 19,
      "name": "Mece Breakdown",
      "slug": "40-mece-breakdown",
      "bestFor": "Problem structuring, ensuring completeness, strategic analysis",
      "matchId": "4f48e68d-5365-4f51-a3eb-1cbb1207866f",
      "evidence": "The deck provides a detailed financial analysis",
      "position": 1,
      "objective": "How does the financial analysis support the proposed transaction?",
      "structure": "The Whole -> Category A (distinct) -> Category B (distinct) -> Category C (distinct) -> Complete Coverage",
      "confidence": 0.7,
      "description": "Divide a complex topic into mutually exclusive, collectively exhaustive categories"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}