Antero Midstream Partners | Investor Conference Presentation Deck | 47 slides

Antero Midstream · 2019-02
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SETUP TENSION ANALYSIS EVIDENCE RESOLUTION APPENDIX
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47
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Slide 1
front_matter
Open slide detailBeat · Setup
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other
Open slide detailBeat · Setup
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other
Open slide detailBeat · Setup
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Includes corporate simplification details and financial metrics.establish_context
Open slide detailBeat · Setup
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Uses dual-axis combo chart for EBITDAX/Price and bar chart for leverage. Includes annotations highlighting percentage changes.analyze_data
Open slide detailBeat · Key Messages
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The slide uses a numbered list format to present chronological strategic updates.summarize
Open slide detailBeat · Key Messages
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summarize
Open slide detailBeat · Key Messages
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The slide uses a scale metaphor to represent the trade-off between lower and higher price environments.propose_solution
Open slide detailBeat · Key Messages
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The slide uses a combination of a bar chart for historical/base production and line projections for scenarios, paired with a process-style table at the bottom tpresent_solution
Open slide detailBeat · Key Messages
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The slide uses a dual-scenario approach to illustrate financial targets under varying commodity price environments.quantify_opportunity
Open slide detailBeat · Key Messages
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The central pillar is 'Low Cost Drilling Inventory with Long Laterals', surrounded by supporting strategic initiatives.present_framework
Open slide detailBeat · Key Messages
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front_matter
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The map uses color-coded leasehold positions and rig locations to illustrate the competitive landscape in the Marcellus and Utica shales.quantify_opportunity
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Includes two bar charts comparing Antero (highlighted in yellow) against competitors.compare_peers
Open slide detailBeat · Peer Benchmark
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The chart uses a split-bar approach to distinguish between Antero's specific inventory and broader industry benchmarks.compare_peers
Open slide detailBeat · Peer Benchmark
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The slide uses a process flow diagram on the left and a line chart on the right to contrast Antero's low-volatility performance against the high-volatility Appapresent_framework
Open slide detailBeat · Peer Benchmark
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The chart combines bar charts for volume and line charts for price, illustrating the hedge profile.analyze_data
Open slide detailBeat · KPI Overview
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The chart uses a dual-axis style visualization to show historical capacity and future production growth targets.analyze_data
Open slide detailBeat · KPI Overview
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The slide uses arrows to illustrate the percentage point shifts between market segments.analyze_data
Open slide detailBeat · KPI Overview
20
The slide uses a map-based visual to show logistics and two tables to compare netbacks between domestic and international markets.quantify_opportunity
Open slide detailBeat · KPI Overview
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The slide uses a dual-chart layout to demonstrate performance superiority over peers across multiple years.compare_peers
Open slide detailBeat · KPI Overview
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present_solution
Open slide detailBeat · KPI Overview
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front_matter
Open slide detailBeat · KPI Overview
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Uses a value chain diagram to illustrate operational integration.establish_context
Open slide detailBeat · KPI Overview
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CAGRs represent 2014-2018 growth period where applicable.analyze_data
Open slide detailBeat · KPI Overview
26
The slide highlights a heavy concentration in the Marcellus region and a diversified functional portfolio.analyze_data
Open slide detailBeat · KPI Overview
27
The chart uses a dual-axis approach to show the inverse relationship between EBITDA growth and commodity price volatility.analyze_data
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The chart uses a dual-axis approach to show ROIC (bars) vs NYMEX Gas Price (line).summarize
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The chart uses a dual-axis approach: horizontal bars for DCF CAGR and yellow squares for leverage ratios. The slide highlights the transition to C-Corp structurcompare_peers
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The chart uses a stacked area approach to visualize the gap between DCF and Capex.analyze_data
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The slide uses a chevron-based list format to compare two related entities.compare_peers
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Includes organizational chart showing parent-subsidiary relationships and debt guarantees.present_framework
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The slide uses a red box to highlight the two primary entities and a red oval to highlight the pro forma leverage ratios.analyze_data
35
The slide uses a step-chart to visualize credit rating upgrades over time, annotated with specific agency actions and rationales.illustrate_case
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The slide uses a combination of a stacked bar chart for reserves, two callout arrows for valuation, and a summary table for financial metrics.analyze_data
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Standard financial disclosure slide for non-GAAP metrics.summarize
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Standard financial disclosure slide for non-GAAP reconciliations and definitions.appendix
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Standard financial disclosure slide for non-GAAP measures.other
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The slide provides a detailed breakdown of adjustments to net loss to arrive at Adjusted EBITDAX.analyze_data
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The table provides both per-unit ($/Mcfe) and absolute ($ Millions) financial data.analyze_data
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The slide defines maintenance capital expenditures and provides a visual representation of how new well connections offset production decline.present_framework
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Includes a reconciliation table for Net Debt as of December 31, 2018.other
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Includes footnotes explaining specific line items like bond interest reserves and maintenance capital expenditures.analyze_data
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Includes specific adjustments for Pre-IPO and Pre-Water Acquisition periods.analyze_data
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Includes disclaimer about inability to reconcile certain items due to unreasonable effort.other