Tl;dr: Part of a collection of real examples of M&A investment banking slides. This blog covers Corporate Structure slides. See the PowerPoint presentations investment bankers are paid millions for. No matter your job, or your aspirations, you can learn from these slides.
This is part of a collection of 67 free M&A presentations from the top 20 banks (based on ranking, and also the quality of presentation for you to learn from).
Collection of M&A slide examples
The main page for all the M&A resources is here.
I have broken out 827 examples of slides across 32 sections. You can click through to the section you want to learn about next here:
Is this blog for you?
Why the heck should you care? Investment banks (historically) attracted the best and the brightest.
- Slide structure/design: Learn how complicated concepts are structured and designed in PowerPoint
- Analysis approach: See exactly how complex financial methods are presented
- Strategy and communication: M&A deals are not (normally, other than many Duff and Phelps decks) cookie cutter. There’s a host of topics that need to be dealt with
- Morbid interest: I used to do this for a living, but it’s still interesting to see how PPT are made… but then maybe it’s just me and so FML 😉
Who this will help:
- You want to work in banking: There’s a lot of applicants. Knowing the job helps you answer questions
- You work in banking: Even if you’re an MD, you need to know how the best are structuring their thoughts/analysis
- You write presentations: You can’t buy learnings like this. You can learn from the slides
- You have a curious mind: Good for you
About Corporate Structure Slides
These are not super important slides you have to learn about. They’re just one of the things you’ll end up having to make at some point. The reason I added these to my IBD slide collection is that they’re really visual and interesting to study. And well, if you find yourself having to make them, add commentary, as well as analysis then it would be great to see some examples of them.
You’re going to make corporate structure slides when:
- You are going to restructure a company (so surprise, this is important)
- You want to illustrate how a transaction will happen
Why these slides are made
Corporate structure slides just illustrate boring stuff so that it can be understood simply. The main place you are going to see them is when you are doing something complicated (no shite Sherlock). Most of the slide examples I have for you relate to buying out minority shareholders or going fully private. This will involve company reorganization, so these fancy pants slides will be important to discuss.
I can’t ever remember being stressed making these slides. You just get told to add one, you get it from somewhere, some comments get added and you move on. I’m sure the Director plus level guys had to actually understand the structure to explain it, but I was only ever monkey level.
Comments on making these slides
You (likely) don’t have to design them
The great thing about working in investment banking is that you almost always have DPT (Design, Product, and Technology?). Well, that’s what we called it at Lazard anyway.
It’s basically a room full of people who hate their job that make PowerPoint slides for you. To make slides like this you’re just going to scribble stuff on paper, hand it over and some PPT nerd will make it for you.
If you’re at a third-rate firm you might have to make them yourself, in which case I would use a template and fiddle with it. Often, the slides are simple, but you can see how fancy they can get below.
You have lawyers to do the hard bits
If you’re doing the coverage grind writing pitch books, then the structure slides will be pretty simple. If you see the crazy structures with how LP and GP interest flows between entities, don’t worry. You’ll rip those off (normally).
- Ask the corp dev guy assigned to the deal for their company structure (It is a standard thing in an IRL, or Information Request List)
- Get the expensive lawyers to hand it over. They normally have a document for this stuff. Get it and have DPT rebrand it for you
The downside of being a banker is the hours suck, however you are at the top of the pecking order. Lawyers report to you, accountants are lower than them and report to you (and man, do they have to do some boring-ass and complicated work sometimes! Honestly, respect), as does corporate PR.
Examples of Corporate Structure Slides
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