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  "documentTitle": "Houlihan Lokey | Investment Banking Pitch Book | 43 slides",
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  "authorName": "Houlihan Lokey",
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  "presentationDate": "2019-09-01 00:00:00",
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  "notes": "The chart shows a side-by-side comparison of valuation multiples for two industry segments.",
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      "kind": "chart",
      "text": "Enterprise Value / LTM Adjusted EBITDA",
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      "text": "Despite disparate share price movements since August 20, 2019, median EV / LTM adjusted EBITDA multiples for all selected companies are effectively flat, increasing slightly by 0.1x to 4.5x as of September 3, 2019. Mean multiples remained unchanged at 4.3x.",
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      "text": "Note: No company shown for comparative purposes is identical to Poconos. Refer to Glossary for full company names. Source: Capital IQ.",
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      "text": "Drilling Services and Well Services summary tables",
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      "text": "Selected Changes from August 23, 2019 Discussion Materials",
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