{
  "docId": "019f6b8f-75cf-70d8-9ee2-063d0624916a",
  "docSlug": "jarvis-valueact-seven-i-holdings-presentation-february-2022",
  "documentTitle": "ValueAct Seven i Holdings Presentation February 2022",
  "authorId": "valueact-seven-i-holdings-presentation-february-2022",
  "authorName": null,
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2022-02-01 00:00:00",
  "orientation": null,
  "aspectRatio": null,
  "pageNumber": 35,
  "pageCount": 75,
  "prevPage": 34,
  "nextPage": 36,
  "slideType": "peer_benchmark",
  "function": "compare_peers",
  "density": "dense",
  "nDataPoints": 6,
  "notes": "The chart uses bubble size to represent system sales. The slide explicitly calls out a $625m profit potential from expense efficiency.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019f6b8f-75cf-70d8-9ee2-063d0624916a/35",
  "deckHref": "/decks/019f6b8f-75cf-70d8-9ee2-063d0624916a",
  "deckJsonHref": "/decks/019f6b8f-75cf-70d8-9ee2-063d0624916a.json",
  "deckAnchorHref": "/decks/019f6b8f-75cf-70d8-9ee2-063d0624916a#slide-35",
  "components": [
    {
      "bbox": {
        "h": 0.12,
        "w": 0.2,
        "x": 0.33,
        "y": 0.48
      },
      "kind": "callout",
      "text": "USA 7-Eleven has ~39% more FTEs than the industry average, which on its own accounts for ~$500m in excess SG&A costs",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f0dd0a07-b57d-4b4a-a695-98cd82f8f3af",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.65,
        "w": 0.75,
        "x": 0.03,
        "y": 0.23
      },
      "kind": "chart",
      "text": "North American HQ Employees vs. Gross Profit of Leading USA Convenience Chains",
      "attrs": null,
      "subkind": "bubble",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "89d13d7b-d123-4140-a21f-98e63271db0b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.15,
        "x": 0.83,
        "y": 0.62
      },
      "kind": "metric",
      "text": "FY26 Profit Potential? ~$625m",
      "attrs": null,
      "subkind": "big-number",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "250b5e82-f4d0-4c01-86f6-c4c73379614a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.15,
        "x": 0.83,
        "y": 0.38
      },
      "kind": "metric",
      "text": "MTMP Target? N/A",
      "attrs": null,
      "subkind": "big-number",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "25ba435a-869c-4d78-aa7b-e3d9aa9a1aad",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.15,
        "x": 0.83,
        "y": 0.23
      },
      "kind": "metric",
      "text": "US Expense Efficiency",
      "attrs": null,
      "subkind": "big-number",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "68b41f89-bfa6-407e-bc28-041dd6c4fb21",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.07,
        "w": 0.9,
        "x": 0.03,
        "y": 0.11
      },
      "kind": "paragraph",
      "text": "Consultancy analysis estimates $625 million of excess cost in US operations, primarily in US corporate headquarters (see chart below), but also in directly owned stores among other areas",
      "attrs": null,
      "subkind": "description",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "efa42b86-76d1-4c14-aa78-0c80b5b50bdd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.6,
        "x": 0.03,
        "y": 0.92
      },
      "kind": "source-note",
      "text": "Sources: Public company documents, LinkedIn, Consultancy analysis. Memo: FTE = full time equivalent employee. Per consultancy: Employees count from 2020 vs. Gross Profit in 2019 or most recent fiscal year.",
      "attrs": null,
      "subkind": "source-note",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7c221cca-da05-4de6-9d49-c88b74ea77fa",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.8,
        "x": 0.03,
        "y": 0.04
      },
      "kind": "title",
      "text": "Step 4. Operational Review of 7-Eleven Outside of Japan",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6ff4deaf-f37d-4e58-b3a7-1ca08c107ccf",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "2x2 matrix",
      "slug": "matrix-2x2",
      "agent": null,
      "layer": "slide",
      "matchId": "413feb60-4f9e-4ad0-9776-25c24d326aef",
      "evidence": "bubble chart with two axes, not clearly a 2x2 matrix but could be argued as such",
      "confidence": 0.5
    }
  ],
  "frameworks": [
    {
      "name": "comparison_frame",
      "slug": null,
      "matchId": "38643eb7-05cb-4546-be91-55196bff2844",
      "evidence": "Comparing 7-Eleven against industry peers on headcount and profit metrics.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 39,
      "from": 23,
      "beatId": "26e121c1-8801-4178-be3d-62f089530007",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Solution",
      "beatSlug": "problem-agitate-solution-solution-provide-relief",
      "evidence": "The presentation provides a solution to transform the company, including a four-step process and a governance transformation",
      "position": 2,
      "confidence": 0.9,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [
    {
      "to": 39,
      "from": 23,
      "name": "Aha Moment",
      "slug": "03-aha-moment",
      "bestFor": "Data-heavy sections, research findings, analytical arguments",
      "matchId": "ba663183-885d-460d-933d-989bc10f0b79",
      "evidence": "The presentation provides a clear and detailed plan for transforming the company, including a four-step process and a governance transformation",
      "position": 0,
      "objective": "To understand the proposed solution to transform Seven & i Holdings",
      "structure": "The Problem/Question -> What the Data Shows -> The Insight",
      "confidence": 0.8,
      "description": "Establish a tension, present data, then deliver the insight that changes everything"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}