PE case interview gameplan

Long time lurker on the site, first post. Thanks for all the gold nuggets over the years!

I have a case interview with an MM PE firm (Europe) coming up, and hope to get some input on my gameplan. Format is 2 hours of prep, will receive an annual report and limited info on the company, and then a 30 min presentation / discussion of my recommendation. I have been told that the modelling should be simple, no B/S, etc.

My gameplan is as follows:

• Spend ~40 min on model as below:
  • Forecast: Simple 5-year Opmod based on key drivers: revenue growth, EBITDA margin, D&A/capex/NWC as % of revenue
  • Capital structure: Form preliminary view on total leverage. Debt schedule with following tranches: Revolver (undrawn at closing), TLA (+ sweep), TLB, and cash
  • Valuation: Since i will likely not have enough info to take a firm view on exit multiples, i will finalise the model by setting entry = exit multiple and goalseek for the EV/EBITDA multiple that gives the target IRR (25%)
  • Sensies on IRR with exit vs. entry multiple, and revenue CAGR vs. EBITDA margin expansion
• Spend the rest of the time summarising my recommendation in a 2-page PPT with the following structure:
  • Executive summary: recommendation
    • Transaction overview (entry/exit multiples, IRR, target leverage, holding period, etc.
    • Investment thesis: 2-3 drivers (what must happen)
    • Key risks: drill down on largest 1-2 risks i can see
    • returns
    • top DD items / things to get comfort on
  • Additional info:
    • Company and market info
    • Historical financials
    • deep-dive on VCP
    • sum up my conclusion(s)

Given that i expect to have limited info, my plan would be to be sensible with my recommendation. Is it in your view sensible to set entry=exit multiple to get an initial view on what my bid-level recommendation should be to achieve the desired returns?

Would highly appreciate any feedback on the above, or recommendations on how to approach the discussion itself.

Thank you!