21 IBD presentation 2020 Tallgrass Energy LP Evercore Group 1

-ibd-presentation-2020-tallgrass-energy-lp-evercore-group-1 · 2020-01
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 5
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Deck intelligence map

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coverage by narrative range · generated from this deck JSON

Slide inventory

80
every slide · same image gating as the playbook
01
Slide 1
Includes Evercore and Tallgrass Energy logos.front_matter
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front_matter
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The slide is split into two distinct sections: 'Overview of the Materials' and 'Overview of Proposed Transaction'.summarize
04
The slide contains two distinct sections: an organizational chart and a transaction overview with pro-forma leverage metrics.summarize
05
The slide contains two distinct sections: a table detailing management side letter terms and a financial table comparing three different offer scenarios.summarize
06
The slide contains two distinct sections: a line chart showing indexed trading performance and a bulleted list detailing financial model adjustments.analyze_data
07
This is a standard financial advisory disclosure slide detailing the scope of due diligence and valuation work performed.cite_precedent
08
The slide contains two distinct sections: a summary of market/financial data and a trading performance chart annotated with a timeline of events.analyze_data
Open slide detailBeat · Problem
09
The slide contains two distinct sections: Ratings Agency Commentary (top) and Wall Street Research (bottom).analyze_data
Open slide detailBeat · Problem
10
Includes a section divider for 'III. Overview of TGE' at the bottom of the page.compare_peers
Open slide detailBeat · Problem
11
The slide contains two distinct map sections, each with its own legend and title.establish_context
Open slide detailBeat · Problem
12
The slide contains two distinct sections: one focused on geographic rig count trends and another on economic break-even analysis.analyze_data
Open slide detailBeat · Market Size
13
The slide contains two distinct sections: a chart showing production projections and a list detailing financial assumptions.analyze_data
Open slide detailBeat · Market Size
14
Contains two distinct financial tables representing TGE's projected performance and capital structure.analyze_data
Open slide detailBeat · Market Size
15
Contains two distinct pages/sections of financial data tables and a bar chart.analyze_data
Open slide detailBeat · Market Size
16
The slide contains two distinct sections: a financial data table at the top and a section divider for 'IV. Valuation of TGE Shares' at the bottom.analyze_data
Open slide detailBeat · Market Size
17
The slide outlines DCF, Dividend Discount, Peer Group, Sum of the Parts, and Precedent Transaction analyses.cite_precedent
18
Contains two distinct pages/sections: a valuation summary chart and a detailed DCF model with sensitivity analysis.analyze_data
19
Contains two distinct financial valuation models on one page.analyze_data
20
Contains two distinct DCF models: Sum-of-the-Parts and REX, including sensitivity analysis for EBITDA multiples and perpetuity growth rates.analyze_data
21
Contains two sets of DCF models with corresponding EBITDA exit multiple and perpetuity growth rate sensitivity matrices.analyze_data
22
Contains two sets of DCF models with EBITDA exit multiple and perpetuity growth rate sensitivity tables.analyze_data
23
Contains two distinct DCF models with sensitivity analysis tables for each.analyze_data
24
Contains two distinct financial valuation models: a DCF analysis for cash taxes and a Sum-of-the-Parts valuation based on precedent transactions.analyze_data
25
Contains two distinct valuation tables for different asset classes.cite_precedent
26
Contains two distinct valuation tables based on precedent transactions for different asset classes.cite_precedent
27
Contains two distinct valuation tables: Precedent M&A Transactions and Peer Group Trading Analysis.analyze_data
28
Contains two distinct tables for Natural Gas Transportation and Crude Oil Transportation peer groups.compare_peers
29
Contains two distinct peer group tables with associated valuation calculations.compare_peers
30
Contains two distinct valuation tables for different business segments.analyze_data
31
This slide contains two distinct tables: a detailed transaction list and a summary valuation table for all and cash-only transactions.analyze_data
32
Includes a callout box for 'Proposed Consideration: $22.00 per Class A Share'.analyze_data
Open slide detailBeat · Financials
33
Contains two distinct valuation methodologies: DCF (Discounted Cash Flow) and DDM (Discounted Dividend Model).analyze_data
Open slide detailBeat · Financials
34
Contains two distinct financial valuation tables: Peer Group Trading Analysis and Sum-of-the-Parts DCF Analysis.analyze_data
Open slide detailBeat · Financials
35
Contains two separate DCF models with EBITDA exit multiple and perpetuity growth rate sensitivity analyses.analyze_data
Open slide detailBeat · Financials
36
Contains two separate DCF models with EBITDA exit multiple and perpetuity growth rate sensitivity matrices.analyze_data
Open slide detailBeat · Financials
37
Includes EBITDA exit multiple and perpetuity growth rate sensitivity analyses.analyze_data
Open slide detailBeat · Financials
38
Contains two distinct DCF models: one for 'Growth Wedge' and one for 'Cash Taxes', each with its own sensitivity analysis.analyze_data
Open slide detailBeat · Financials
39
Contains two distinct tables: a summary valuation table and a detailed list of precedent M&A transactions for long-haul natural gas pipelines.cite_precedent
Open slide detailBeat · Financials
40
Contains two distinct valuation tables for different business segments.cite_precedent
Open slide detailBeat · Financials
41
Contains two distinct valuation tables based on precedent transactions for different business segments.cite_precedent
Open slide detailBeat · Financials
42
Contains two distinct tables: a summary valuation table and a detailed peer group comparison for the Natural Gas Transportation segment.analyze_data
Open slide detailBeat · Financials
43
Contains two distinct valuation tables with peer group multiples and implied enterprise value calculations.compare_peers
Open slide detailBeat · Solution
44
Financial valuation tables comparing TGE segments against industry peers using EBITDA multiples and distribution yields.compare_peers
Open slide detailBeat · Solution
45
The slide contains two distinct sections separated by a 'For Reference Only' callout.analyze_data
Open slide detailBeat · Solution
46
Contains two tables summarizing financial results based on 1-day prior spot, 30-day VWAP, and 60-day VWAP.analyze_data
Open slide detailBeat · Solution
47
Financial valuation slide showing peer group data, beta calculations, and WACC sensitivity tables.analyze_data
Open slide detailBeat · Solution
48
Contains two distinct financial analysis sections: TGE Cost of Equity Analysis and WACC Analysis for REX.analyze_data
Open slide detailBeat · Solution
49
Contains two distinct WACC analysis tables for different industry segments.analyze_data
Open slide detailBeat · Solution
50
Contains two distinct WACC analysis tables for different business segments.analyze_data
Open slide detailBeat · Solution
51
Includes CAPM and WACC calculations with sensitivity analysis for levered beta and debt/total capitalization.analyze_data
Open slide detailBeat · Solution
52
Includes a specific callout regarding 95.2M TGE Class B shares issued for MLP buy-in.analyze_data
Open slide detailBeat · Solution
53
The slide is split into two distinct sections, each detailing a specific business segment with descriptive text, a bar chart for EBITDA, and a geographic map.decompose_segments
Open slide detailBeat · SolutionLoop · Mece Breakdown
54
The slide is split into two distinct sections, each detailing a specific business segment with a table, bar chart, and map.analyze_data
Open slide detailBeat · SolutionLoop · Mece Breakdown
55
The slide contains a mix of corporate history, a map of the pipeline network, and a bar chart showing financial performance.establish_context
Open slide detailBeat · SolutionLoop · Mece Breakdown
56
The slide contains two distinct sections, each with its own map and technical specifications for pipeline assets.establish_context
Open slide detailBeat · SolutionLoop · Mece Breakdown
57
The slide contains two distinct sections: one focused on production metrics (permits, production, spuds, rigs) and one on infrastructure (pipeline capacity and analyze_data
Open slide detailBeat · SolutionLoop · Mece Breakdown
58
The slide contains two distinct sections: a project timeline/overview and a stacked area chart of production/takeaway capacity.establish_context
Open slide detailBeat · SolutionLoop · Mece Breakdown
59
The slide contains two distinct sections, each with four bar/area charts representing regional energy activity metrics.analyze_data
Open slide detailBeat · SolutionLoop · Mece Breakdown
60
The slide contains two distinct sections: a geographic map of infrastructure and a stacked area chart showing supply vs capacity.analyze_data
Open slide detailBeat · SolutionLoop · Mece Breakdown
61
The slide is split into two distinct sections, each detailing a different pipeline project with a corresponding map.establish_context
Open slide detailBeat · SolutionLoop · Mece Breakdown
62
The slide is split into two distinct sections: Operations Overview and FERC Tariffs/Contracts.summarize
Open slide detailBeat · SolutionLoop · Mece Breakdown
63
Two identical table structures comparing contract terms for different pipeline segments.analyze_data
Open slide detailBeat · SolutionLoop · Zoom In
64
The slide contains two distinct sections: one detailing assumptions and one presenting a financial table for the years 2020-2023E.analyze_data
Open slide detailBeat · SolutionLoop · Zoom In
65
Includes a map of the pipeline route and a bar chart showing REX DCF attributable to TGE.establish_context
Open slide detailBeat · SolutionLoop · Zoom In
66
The slide contains two distinct sections: one detailing REX pipeline history and capacity, and another detailing the Cheyenne Connector growth project.establish_context
Open slide detailBeat · SolutionLoop · Zoom In
67
The slide contains two distinct sections, each with its own title and data tables/charts.analyze_data
Open slide detailBeat · SolutionLoop · Zoom In
68
The slide contains two distinct sections: a map of pipeline assets and a table of operational data (Capacity, Throughput, Utilization, and Rates).compare_peers
Open slide detailBeat · SolutionLoop · Zoom In
69
The slide contains two distinct sections, each with a text summary and a corresponding line chart showing historical and projected price differentials.analyze_data
Open slide detailBeat · SolutionLoop · Zoom In
70
The slide contains two distinct sections: a geographic map of pipeline assets and a data-driven analysis of production capacity versus pipeline development projanalyze_data
Open slide detailBeat · SolutionLoop · Zoom In
71
Contains two distinct sections: market dynamics/hubs and East-to-West volume/differential analysis.analyze_data
Open slide detailBeat · SolutionLoop · Zoom In
72
The slide is split into two distinct sections: a table of all shippers and a detailed profile of one specific shipper (Ascent).analyze_data
Open slide detailBeat · SolutionLoop · Zoom In
73
Slide contains two distinct sections, one for each company, formatted identically.analyze_data
Open slide detailBeat · SolutionLoop · Zoom In
74
The slide is split into two distinct case studies: Montage/Triad and EdgeMarc Bankruptcy.illustrate_case
Open slide detailBeat · SolutionLoop · Zoom In
75
The slide contains two distinct sections: a list of financial assumptions and a data table for transport volumes.analyze_data
Open slide detailBeat · SolutionLoop · Zoom In
76
Contains two distinct financial tables for REX projections.analyze_data
Open slide detailBeat · SolutionLoop · Zoom In
77
Contains two distinct financial tables for REX operations.analyze_data
Open slide detailBeat · SolutionLoop · Zoom In
78
Contains two distinct financial tables summarizing REX revenue projections.analyze_data
Open slide detailBeat · SolutionLoop · Zoom In
79
Includes a secondary section header 'TGE Identified Growth Projects' which appears to be a placeholder or transition to a subsequent section.analyze_data
Open slide detailBeat · SolutionLoop · Zoom In
80
establish_context