{
  "docId": "019de50f-147d-708d-960a-28704d3e8b6a",
  "docSlug": "e53f97f7ac003b5df756ebb6f45df7ff",
  "documentTitle": "Tudor, Pickering, Holt & Co | Investment Banking Pitch Book | 123 slides",
  "authorId": "tudor-pickering-holt-co",
  "authorName": "Tudor Pickering Holt",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2018-06-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3464235,
  "pageNumber": 117,
  "pageCount": 120,
  "prevPage": 116,
  "nextPage": 118,
  "slideType": "peer_benchmark",
  "function": "compare_peers",
  "density": "dense",
  "nDataPoints": 32,
  "notes": "Confidential draft subject to change.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de50f-147d-708d-960a-28704d3e8b6a/117",
  "deckHref": "/decks/019de50f-147d-708d-960a-28704d3e8b6a",
  "deckJsonHref": "/decks/019de50f-147d-708d-960a-28704d3e8b6a.json",
  "deckAnchorHref": "/decks/019de50f-147d-708d-960a-28704d3e8b6a#slide-117",
  "components": [
    {
      "bbox": {
        "h": 0.08,
        "w": 0.5,
        "x": 0.04,
        "y": 0.9
      },
      "kind": "disclaimer",
      "text": "Source: Bloomberg, Duff & Phelps, FactSet, Federal Reserve, Company filings as of 6/21/18. (1)-(5) footnotes.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ef5ba291-8b04-40a9-9a95-07821a1d22ca",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.45,
        "x": 0.04,
        "y": 0.15
      },
      "kind": "table",
      "text": "Cost of Equity Comparable Company Yield-Based: Low 10.5%, High 11.5%; Market Value of Equity $9,662; Cost of Capital 10.5% - 11.5%",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "478522c0-adab-4383-b050-d5d534d4b850",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.45,
        "x": 0.52,
        "y": 0.53
      },
      "kind": "table",
      "text": "Cost of Capital Optimal Capital Structure: Cost of Equity 10.5%-11.5%, Cost of Debt 3.4%-4.9%, Market Value Equity $9,662, Total Debt $3,460, Cost of Capital 8.6%-9.7%",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7447b133-a906-43b4-9a80-a40c5ae4ed44",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.45,
        "x": 0.04,
        "y": 0.53
      },
      "kind": "table",
      "text": "Cost of Capital PF Capital Structure: Cost of Equity 10.5%-11.5%, Cost of Debt 3.4%-4.9%, Market Value Equity $9,662, Total Debt $1,310, Cost of Equity 9.6%-10.7%",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "dac67d5a-e772-4d7e-99cc-b695f6f1c8b8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.45,
        "x": 0.52,
        "y": 0.15
      },
      "kind": "table",
      "text": "Cost of Equity Barra Beta: Raw Beta 0.84-1.14, Risk-Free 3.0%, ERP 6.0%, Cost of Equity 8.1%-9.9%",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e6ce0bd6-1d4a-4872-aa08-3f74d79a7bc5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.6,
        "x": 0.04,
        "y": 0.04
      },
      "kind": "title",
      "text": "PF AMGP Peer Group WACC Analysis (cont.)",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7349795d-75a5-4745-b19e-f7eb88b0fdf2",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}