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The table shows consistent negative relative performance across almost all time periods and peer groups.Elliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · ProblemLoop · Logic Chain1 hit
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Elliott Management | Activist Presentation Deck | 39 slidesElliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · ProblemLoop · Logic Chain1 hit
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Uses a waterfall chart to illustrate value destruction from initial investment to current valuation.Elliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · ProblemLoop · Logic Chain1 hit
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The slide uses a two-column layout to contrast the two main strategic pillars, followed by a concluding call to action for management.Elliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · ProblemLoop · Logic Chain1 hit
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Elliott Management | Activist Presentation Deck | 39 slidesElliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · ProblemLoop · Logic Chain1 hit
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The slide uses a dual-axis combo chart to show the growth of franking credits relative to shareholder equity.Elliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · Solution (Provide relief)Loop · Before After1 hit
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The slide uses a structured list format to present the core thesis of the activist campaign.Elliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · Solution (Provide relief)Loop · Before After1 hit
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The slide uses a structured 'preempt-rebuttal' format to address investor concerns regarding the BHP unification.Elliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · Solution (Provide relief)Loop · Before After1 hit
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The slide presents a mix of supportive and cautionary perspectives from various financial institutions.Elliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · Solution (Provide relief)Loop · Before After1 hit
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Elliott Management | Activist Presentation Deck | 39 slidesElliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · Solution (Provide relief)Loop · Before After1 hit
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Elliott Management | Activist Presentation Deck | 39 slidesElliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · Solution (Provide relief)Loop · Before After1 hit
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The slide uses a 'Comparable Portfolio' methodology to debunk the diversification thesis.Elliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · Solution (Provide relief)Loop · Before After1 hit
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This is a classic activist argument for divestiture/spinoff based on lack of conglomerate synergy.Elliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · Solution (Provide relief)Loop · Before After1 hit
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The chart highlights the variance in broker valuations and the lack of consistent sum-of-the-parts (SoTP) methodology across analysts.Elliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · Solution (Provide relief)Loop · Before After1 hit
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The slide uses peer benchmarking to argue for a valuation re-rating of BHP's petroleum assets.Elliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · Solution (Provide relief)Loop · Before After1 hit
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Uses a structured argument format to justify a corporate divestiture/demerger.Elliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · Solution (Provide relief)Loop · Before After1 hit
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The slide uses authority-citation to build a case against the current petroleum asset strategy.Elliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · Solution (Provide relief)Loop · Before After1 hit
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The slide argues that BHP's core assets are undervalued relative to peers and would benefit from a re-rating post-demerger.Elliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · Solution (Provide relief)Loop · Before After1 hit
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Elliott Management | Activist Presentation Deck | 39 slidesElliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · Solution (Provide relief)Loop · Before After1 hit
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The slide uses a 'problem-solution' structure, contrasting historical value-destructive acquisitions with a proposed capital allocation strategy.Elliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · Solution (Provide relief)Loop · Before After1 hit
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The slide uses a structured argument to justify a specific capital allocation policy, referencing a 'Value Unlock Plan'.Elliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · Solution (Provide relief)Loop · Before After1 hit
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This slide presents a financial proposal from Elliott Management regarding BHP's capital structure.Elliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · Solution (Provide relief)Loop · Before After1 hit
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The slide uses authority-citation to validate the activist's arguments regarding capital allocation.Elliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · Solution (Provide relief)Loop · Before After1 hit
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Elliott Management | Activist Presentation Deck | 39 slidesElliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · Solution (Provide relief)Loop · Before After1 hit
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Elliott Management | Activist Presentation Deck | 39 slidesElliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · Solution (Provide relief)Loop · Before After1 hit
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The slide uses a waterfall-style bridge to demonstrate value creation steps.Elliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · Solution (Provide relief)Loop · Before After1 hit
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Elliott Management | Activist Presentation Deck | 39 slidesElliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · Solution (Provide relief)Loop · Before After1 hit
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The slide highlights a structural inefficiency where franking credits generated by BHP Ltd cannot be effectively utilized by BHP Plc shareholders, leading to economic waste.Elliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · Solution (Provide relief)Loop · Before After1 hit
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The slide uses a 'before-after' logic implicitly by showing the removal of the DLC and Dividend Share Mechanism.Elliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · Solution (Provide relief)Loop · Before After1 hit
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The table uses a series of assumptions (A-V) to calculate the net financial benefit for various tax brackets.Elliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · Solution (Provide relief)Loop · Before After1 hit