{
  "docId": "019f6b8f-6a7b-7439-a2d1-f1c88e2f670d",
  "docSlug": "jarvis-starboard-value-wix-presentation-october-2022",
  "documentTitle": "Starboard Value Wix Presentation October 2022",
  "authorId": "starboard-value-wix-presentation-october-2022",
  "authorName": null,
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2022-10-01 00:00:00",
  "orientation": null,
  "aspectRatio": null,
  "pageNumber": 43,
  "pageCount": 65,
  "prevPage": 42,
  "nextPage": 44,
  "slideType": "peer_benchmark",
  "function": "compare_peers",
  "density": "balanced",
  "nDataPoints": 22,
  "notes": "The chart highlights Splunk in red at the far right, significantly below the peer median of 47%.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019f6b8f-6a7b-7439-a2d1-f1c88e2f670d/43",
  "deckHref": "/decks/019f6b8f-6a7b-7439-a2d1-f1c88e2f670d",
  "deckJsonHref": "/decks/019f6b8f-6a7b-7439-a2d1-f1c88e2f670d.json",
  "deckAnchorHref": "/decks/019f6b8f-6a7b-7439-a2d1-f1c88e2f670d#slide-43",
  "components": [
    {
      "bbox": {
        "h": 0.04,
        "w": 0.94,
        "x": 0.03,
        "y": 0.88
      },
      "kind": "callout",
      "text": "We believe there is significant opportunity for the new management team to improve operational performance",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "17dd7608-ba4a-41e7-8ee3-24e580648c62",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.65,
        "w": 0.94,
        "x": 0.03,
        "y": 0.22
      },
      "kind": "chart",
      "text": "Growth + Profit Margin",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a6c04ea9-13be-4113-b952-d510aa3c6771",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.94,
        "x": 0.03,
        "y": 0.93
      },
      "kind": "other",
      "text": "Source: Public company filings, Capital IQ. Note: Calculation above is done as CY22E-24E Revenue CAGR + CY22E FCF margins...",
      "attrs": null,
      "subkind": "source-note",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5497791e-5496-4811-bdf7-eaf2e1806798",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.7,
        "x": 0.03,
        "y": 0.14
      },
      "kind": "paragraph",
      "text": "As a result of the consistent misexecution, Splunk's operational performance is significantly worse than its peers.",
      "attrs": null,
      "subkind": "description",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a482755d-2726-4dae-b0e1-34b28e5149d5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.9,
        "x": 0.03,
        "y": 0.03
      },
      "kind": "title",
      "text": "We Believe the New Management Team Has the Opportunity to Drive Operational Improvement",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4988253a-b849-49ba-bd93-70368f19ddd0",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "peer_benchmark",
      "slug": null,
      "matchId": "4a88d1ea-edac-42b6-b08e-0130ad5035b4",
      "evidence": "Comparison of Splunk against a peer group on a specific financial metric.",
      "confidence": 1
    }
  ],
  "arcBeats": [
    {
      "to": 64,
      "from": 19,
      "beatId": "d0aac4aa-f911-4562-96b8-bc225a9cfcda",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Solution & Approach",
      "beatSlug": "consultants-gambit-solution-approach",
      "evidence": "The document presents Starboard Value's solution and approach to improve growth and profitability in Wix, Splunk, and Salesforce.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}