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  "documentTitle": "Tudor, Pickering, Holt &amp; Co | Investment Banking Pitch Book | 90 slides",
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  "authorName": "Tudor Pickering Holt",
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  "notes": "Includes two sensitivity tables (Discount Rate vs. EBITDA Multiple and Discount Rate vs. Distribution Yield) and two detailed DCF calculation tables.",
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      "text": "CONFIDENTIAL DRAFT SUBJECT TO CHANGE",
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      "text": "Source: Management projections and FactSet as of 6/8/18. (1) AMGP discounted IDR distribution defined as HoldCo DCF with Series B payments added back in. Discounted cost of equity at 10.0%. (2) Adj. GP distribution per share calculated as (AMGP DCF + Series B payment added back) / (fully diluted AMGP shares outstanding + 18.5mm converted Series B units).",
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      "text": "AMGP with Series B Value Conversion | Valuation Effective Date: 6/30/2018",
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