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  "documentTitle": "Goldman Sachs | Investment Banking Pitch Book | 12 slides",
  "authorId": "goldman-sachs",
  "authorName": "Goldman Sachs",
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  "presentationDate": "2018-09-01 00:00:00",
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  "notes": "Goldman Sachs investment banking deck slide. Contains detailed financial modeling outputs including pro forma metrics and peer comparisons.",
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      "kind": "callout",
      "text": "PV10 of 2019-2022 Cash Tax Savings: ~$289mm; PV10 of Residual Step Up in Tax Basis at End of Forecast: $479mm",
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      "text": "Source: Arkose Projections, Arkose Merger Model, and Bloomberg market data as of 12-Sep-2018. Note: Analysis assumes 18.5mm shares issued to Series B.",
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      "text": "Status Quo and Pro Forma metrics for EV/EBITDA, P/DCF, and Distribution Yields.",
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      "text": "1.8270x Exchange Ratio (1.6604x Equity + $3 / Unit Cash) + $0.415 Special Dividend to Midstream Public Unitholders",
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      "text": "Illustrative Analysis at Various Equity Values",
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