{
  "docId": "019de06f-b520-76df-951e-5aad925af941",
  "docSlug": "d73d2cc099ddd8069f489463ead30c31",
  "documentTitle": "Citi | Investment Banking Pitch Book | 58 slides",
  "authorId": "citi",
  "authorName": "Citi",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2018-09-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 29,
  "pageCount": 58,
  "prevPage": 28,
  "nextPage": 30,
  "slideType": "business_case",
  "function": "present_solution",
  "density": "dense",
  "nDataPoints": 10,
  "notes": "Includes financial data for a specific transaction involving AM, AMGP, and AR.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de06f-b520-76df-951e-5aad925af941/29",
  "deckHref": "/decks/019de06f-b520-76df-951e-5aad925af941",
  "deckJsonHref": "/decks/019de06f-b520-76df-951e-5aad925af941.json",
  "deckAnchorHref": "/decks/019de06f-b520-76df-951e-5aad925af941#slide-29",
  "components": [
    {
      "bbox": {
        "h": 0.35,
        "w": 0.45,
        "x": 0.52,
        "y": 0.1
      },
      "kind": "diagram",
      "text": "Standalone Transaction Structure",
      "attrs": null,
      "subkind": "hub-spoke",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "13a48617-3d10-4ac1-95b2-ca6c7136b8d8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.45,
        "x": 0.52,
        "y": 0.52
      },
      "kind": "diagram",
      "text": "Pro Forma Transaction Structure",
      "attrs": null,
      "subkind": "hub-spoke",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d42c2efe-8978-46ee-b13b-79d7814748ab",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.3,
        "x": 0.7,
        "y": 0.01
      },
      "kind": "disclaimer",
      "text": "Preliminary and Confidential - Subject to Further Review and Revision",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e8fa74c4-3528-423c-97d5-d10df476c91b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.45,
        "x": 0.02,
        "y": 0.12
      },
      "kind": "list",
      "text": "Effective transaction date of 1/1/2019; AM acquires AMGP IDRs at 17.3x 2019E post-tax GP Cash Flow; AMGP remains a publicly traded C-corp; Transaction triggers Series B conversion; Assumes no synergies; No basis step-up; Pro forma AM targets standalone AM DPUs; Growth capex funded according to standalone forecast",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "33195a67-2abc-4c1e-973c-c9032e5184c3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.45,
        "x": 0.02,
        "y": 0.93
      },
      "kind": "source-note",
      "text": "Source: Company filings, management projections, FactSet. Market data as of 9/7/2018. Note: PF ownership assumes no cash election. (1) Ownership percentages at effective transaction date of 1/1/2019.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b87b8eae-c7bf-4cb9-b7a2-41278f680a02",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.45,
        "x": 0.02,
        "y": 0.55
      },
      "kind": "table",
      "text": "AM Sources ($mm): New AM Equity Issued for GP/IDRs $3,104; AM Cash $5; Total Transaction Sources $3,109. AM Uses ($mm): Purchase Price Paid for GP/IDRs $3,104; Transaction Fees and Expenses $5; Total Transaction Uses $3,109",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "39f891b1-5b3d-41ef-b61d-5cdbad661c6e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.35,
        "x": 0.02,
        "y": 0.02
      },
      "kind": "title",
      "text": "Transaction Overview",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f3429bea-b7a2-4d05-8b6a-40c020d84863",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "2x2 matrix",
      "slug": "matrix-2x2",
      "agent": null,
      "layer": "slide",
      "matchId": "bb10ab6d-2630-47b9-8c5b-8f1d599db949",
      "evidence": "diagram/hub-spoke: Standalone Transaction Structure and Pro Forma Transaction Structure",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 30,
      "from": 21,
      "beatId": "74b783e9-949b-42f7-bf4f-a2101bf6aed5",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Evidence & Proof",
      "beatSlug": "consultants-gambit-evidence-proof",
      "evidence": "The document provides extensive financial data and analysis to support the proposed solution.",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}