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  "documentTitle": "Morgan Stanley | Investment Banking Pitch Book | 42 slides",
  "authorId": "morgan-stanley",
  "authorName": "Morgan Stanley",
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  "presentationDate": "2018-03-01 00:00:00",
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  "density": "balanced",
  "nDataPoints": 150,
  "notes": "The slide compares AMGP's implied IRR against peer groups to justify a valuation.",
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      "kind": "paragraph",
      "text": "Current implied 3-year IRR for standalone AMGP is ~29.9%. Maintaining the same AMGP IRR implies a pro forma share price of $18.71 (~10% upside to current price)",
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      "text": "Source: Capital IQ, Company Materials",
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      "text": "Table showing Equity Value, Price, Yield, Distributions, Growth CAGR, Exit Growth, Exit Yield, and 3-Year IRR for AMGP, GP Peers, and MLP Peers.",
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