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  "documentTitle": "Morgan Stanley | Investment Banking Pitch Book | 42 slides",
  "authorId": "morgan-stanley",
  "authorName": "Morgan Stanley",
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  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2018-03-01 00:00:00",
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  "pageNumber": 23,
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  "slideType": "financial_analysis",
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  "density": "dense",
  "nDataPoints": 16,
  "notes": "1. Based on Company management projections",
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      "kind": "chart",
      "text": "Implied Pro Forma Trading Level for AMGP",
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      "text": "AM (Exchange-Ratio Adjusted) Trading Levels",
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      "kind": "list",
      "text": "Yield / Growth Correlation: Implies pro forma share price of ~$27.30 by end of 2018.",
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      "text": "3-Year IRR Expectations: Maintaining standalone 3-year IRR implies $18.71/share.",
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      "text": "Trading Relative vs. Peers: EQGP trades at ~5.1% yield, 22% growth. Pro forma AMGP at current price implies 5.1% yield, 38% growth. DCF multiples also compared.",
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      "text": "Dividend Discount Model: 5-year DDM with 10% cost of equity implies 11.3% terminal yield. Resetting to 11.3% implies $19.70/share.",
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      "text": "Support for AMGP Trading Level(1)",
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