Antero Midstream Partners | Mergers and Acquisitions Presentation Deck | 29 slides

Antero Resources · 2018-10
arc beats above · slides in the middle · loops below · scroll → 2 LOOPS
SETUP TENSION ANALYSIS EVIDENCE RESOLUTION APPENDIX
HOVER FOR DETAILS · CLICK A SLIDE FOR FULLSCREEN · STEP 1
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4
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Slide inventory

29
every slide · same image gating as the playbook
01
Slide 1
front_matter
Open slide detailBeat · Situation & Context
02
other
Open slide detailBeat · Situation & Context
03
Includes definitions of ticker symbols for AR, AM, and AMGP.other
Open slide detailBeat · Situation & Context
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summarize
Open slide detailBeat · Situation & Context
05
summarize
Open slide detailBeat · Situation & Context
06
The slide uses a structured list format to categorize deal components.summarize
Open slide detailBeat · Problem & Complication
07
Uses red 'X' marks to denote eliminated entities/interests and red circles to highlight new ownership percentages.present_solution
Open slide detailBeat · Problem & ComplicationLoop · Before After
08
Includes a conversion calculation for New AM dividend to AM equivalent using a 1.776x exchange ratio.compare_peers
Open slide detailBeat · Solution & ApproachLoop · Before After
09
Includes specific financial targets for net debt to LTM EBITDAX.plan_implementation
Open slide detailBeat · Solution & ApproachLoop · Quick Win Big Bet
10
The slide uses a visual buildup to show how two $300M sources aggregate to the $600M program total.propose_solution
Open slide detailBeat · Solution & ApproachLoop · Quick Win Big Bet
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The slide highlights a 94% increase in NGL prices and 84% increase in production between 2015 and 2018.analyze_data
Open slide detailBeat · Solution & Approach
12
The chart uses a combination of bar heights for production, color-coded boxes for revenue percentage, and purple boxes for realized prices.compare_peers
Open slide detailBeat · Solution & Approach
13
The slide highlights the lack of hedges for 2019 and beyond, emphasizing the upside potential.quantify_opportunity
Open slide detailBeat · Solution & Approach
14
The chart uses a split-bar approach to show actuals vs. estimates and sensitivity analysis.quantify_opportunity
Open slide detailBeat · Solution & Approach
15
The slide uses a 'More Scale' and 'More Growth' directional arrow to frame the competitive positioning of AR.compare_peers
Open slide detailBeat · Solution & Approach
16
The slide uses a causal chain logic to explain the inflection point.present_solution
Open slide detailBeat · Solution & Approach
17
The slide uses a dual-axis chart to show the relationship between capital spending, cash flow, and rig counts.present_solution
Open slide detailBeat · Solution & Approach
18
The chart uses a line graph to show the downward trend of leverage, with specific callouts for capital return capacity and leverage thresholds.analyze_data
Open slide detailBeat · Solution & Approach
19
Uses a funnel diagram to illustrate filtering criteria for peer groups, mapping them to median debt/EBITDAX and EV/EBITDAX multiples.compare_peers
Open slide detailBeat · Solution & Approach
20
summarize
Open slide detailBeat · Solution & Approach
21
appendix
Open slide detailBeat · Evidence & Proof
22
The slide uses a checklist format to demonstrate how the company meets various investor criteria.present_solution
Open slide detailBeat · Evidence & Proof
23
The slide details the financial restructuring of Series B units, moving from an option-based structure to a fixed share exchange.present_solution
Open slide detailBeat · Evidence & Proof
24
Standard financial disclosure slide for non-GAAP metrics.other
Open slide detailBeat · Evidence & Proof
25
Contains specific financial forecast figures for 2019, 2020, and 2018-2022 period.other
Open slide detailBeat · Evidence & Proof
26
This slide provides technical definitions for non-GAAP financial measures and operational metrics.other
Open slide detailBeat · Evidence & Proof
27
other
Open slide detailBeat · Evidence & Proof
28
Includes footnotes explaining specific line items like cash reserved for bond interest and maintenance capital expenditures.analyze_data
Open slide detailBeat · Evidence & Proof
29
Standard financial disclosure slide for non-GAAP metrics.analyze_data