{
  "docId": "019f6b8f-1ee8-7619-8028-2f5330c04706",
  "docSlug": "jarvis-greenhill-wesco-financial-presentation-dec-2010",
  "documentTitle": "Greenhill Wesco Financial Presentation Dec 2010",
  "authorId": "greenhill-wesco-financial-presentation-dec-2010",
  "authorName": null,
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2010-12-01 00:00:00",
  "orientation": null,
  "aspectRatio": null,
  "pageNumber": 18,
  "pageCount": 65,
  "prevPage": 17,
  "nextPage": 19,
  "slideType": "valuation_table",
  "function": "show_valuation_bridge",
  "density": "balanced",
  "nDataPoints": 36,
  "notes": "Includes detailed footnotes regarding debt, cash, and adjustments.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019f6b8f-1ee8-7619-8028-2f5330c04706/18",
  "deckHref": "/decks/019f6b8f-1ee8-7619-8028-2f5330c04706",
  "deckJsonHref": "/decks/019f6b8f-1ee8-7619-8028-2f5330c04706.json",
  "deckAnchorHref": "/decks/019f6b8f-1ee8-7619-8028-2f5330c04706#slide-18",
  "components": [
    {
      "bbox": {
        "h": 0.12,
        "w": 0.64,
        "x": 0.305,
        "y": 0.82
      },
      "kind": "disclaimer",
      "text": "Note: Analysis assumes tax rate of 35.0%. (1)-(6) footnotes.",
      "attrs": null,
      "subkind": "disclaimer",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "dae215bf-4a5d-4f4c-93c7-030cef7b5260",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.15,
        "x": 0.06,
        "y": 0.83
      },
      "kind": "legend",
      "text": "Insurance, Furniture, Steel, Real Estate, Holding Companies",
      "attrs": null,
      "subkind": "legend",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2a364b2f-d2f7-46e3-8bb1-d31600e98fce",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.23,
        "x": 0.06,
        "y": 0.24
      },
      "kind": "paragraph",
      "text": "Greenhill has formed a preliminary view on a sum-of-the-parts valuation based on the sum of the individual valuations for each Wesco business",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c66bf537-8cfa-4119-b68f-72c3eece921a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.55,
        "w": 0.64,
        "x": 0.305,
        "y": 0.23
      },
      "kind": "table",
      "text": "SOTP valuation table with segments Wes-FIC, CORT, Precision Steel, MS Property, and Consolidating Adjustments.",
      "attrs": null,
      "subkind": "valuation",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "93727336-ac51-4658-8012-57803af934f6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.39,
        "x": 0.305,
        "y": 0.155
      },
      "kind": "title",
      "text": "Sum-of-the-Parts Valuation (1)",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "90ccf419-1f1f-4a86-98ba-66bfe720fc03",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Sum of parts",
      "slug": "sum-of-parts",
      "agent": null,
      "layer": "slide",
      "matchId": "1bdd2562-6c0a-4020-88ba-ae60cf770206",
      "evidence": "Sum-of-the-Parts Valuation table with segments Wes-FIC, CORT, Precision Steel, MS Property",
      "confidence": 0.7
    }
  ],
  "frameworks": [
    {
      "name": "asset-value",
      "slug": null,
      "matchId": "a9a3a385-7ee6-4eb9-bc83-4e28020a24d7",
      "evidence": "Sum-of-the-parts valuation methodology",
      "confidence": 1
    }
  ],
  "arcBeats": [
    {
      "to": 20,
      "from": 17,
      "beatId": "3c634733-04c5-4a59-ac75-d51c3d5708ff",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Competition",
      "beatSlug": "sequoia-pitch-competition",
      "evidence": "The deck provides data on consolidating shareholders' equity and valuation of Wes-FIC",
      "position": 3,
      "confidence": 0.7,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [
    {
      "to": 20,
      "from": 17,
      "name": "Iceberg",
      "slug": "10-iceberg",
      "bestFor": "Consulting, complex problem solving, organizational change",
      "matchId": "66154903-eeec-4070-aa12-668f297f79d7",
      "evidence": "The presentation outlines the impact of consolidating shareholders' equity on valuation",
      "position": 1,
      "objective": "What are the implications of consolidating shareholders' equity?",
      "structure": "The Symptom (Visible) -> The System (Hidden) -> The Root Cause",
      "confidence": 0.6,
      "description": "Reveal that the visible problem is merely a symptom of a deeper root cause"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}