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21 Before After
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The table displays financial metrics for a company at different hypothetical offer prices, comparing them against historical price points and earnings estimates.Deutsche Bank | Investment Banking Pitch Book | 38 slides · Deutsche Bank
Deck Investment bank Beat · Impact & Next StepsLoop · Before After1 hit
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Uses a CEO quote to contrast with the activist's proposed strategy (ceo-quote-contradiction).Elliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · SolutionLoop · Before After1 hit
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This slide serves as a 'credibility transfer' by citing support from other large shareholders.Elliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · SolutionLoop · 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 · SolutionLoop · 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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Elliott Management | Activist Presentation Deck | 39 slidesElliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · SolutionLoop · 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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Elliott Management | Activist Presentation Deck | 39 slidesElliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · SolutionLoop · Before After1 hit
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The slide uses a combination bar and line chart to demonstrate financial health while increasing cash returns.Elliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · SolutionLoop · 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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Uses a line chart with annotated 'X' markers to highlight historical buyback points at high valuation multiples.Elliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · SolutionLoop · 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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Elliott Management | Activist Presentation Deck | 39 slidesElliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · SolutionLoop · Before After1 hit
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Uses a stacked bar chart to visually separate 'not costs' from 'actual costs'.Elliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · SolutionLoop · 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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The slide uses a comparative bar chart to imply aggressive tax planning by BHP relative to a peer.Elliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · SolutionLoop · 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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Uses a collage of news headlines to build a narrative of hypocrisy.Elliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · SolutionLoop · 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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Uses a quote from a former Shell director to validate the argument for unification.Elliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · SolutionLoop · 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 · SolutionLoop · 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 chart shows the share price performance of Brambles (BIL/Ltd and BIP/Plc) relative to the ASX200 before and after their unification announcement.Elliott Management | Activist Presentation Deck | 39 slides · Elliott Management
Activist deck Activist investor Beat · SolutionLoop · 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