{
  "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": 16,
  "pageCount": 120,
  "prevPage": 15,
  "nextPage": 17,
  "slideType": "financial_analysis",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 60,
  "notes": "Valuation Effective Date: 6/30/2018. Includes sensitivity tables and DCF build-up tables.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de50f-147d-708d-960a-28704d3e8b6a/16",
  "deckHref": "/decks/019de50f-147d-708d-960a-28704d3e8b6a",
  "deckJsonHref": "/decks/019de50f-147d-708d-960a-28704d3e8b6a.json",
  "deckAnchorHref": "/decks/019de50f-147d-708d-960a-28704d3e8b6a#slide-16",
  "components": [
    {
      "bbox": {
        "h": 0.25,
        "w": 0.43,
        "x": 0.53,
        "y": 0.23
      },
      "kind": "chart",
      "text": "Discounted Distribution Analysis Sensitivity Table",
      "attrs": null,
      "subkind": "heatmap",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2cbf584b-9129-4735-9326-bd81e830c615",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.43,
        "x": 0.05,
        "y": 0.23
      },
      "kind": "chart",
      "text": "Discounted Levered DCF Analysis Sensitivity Table",
      "attrs": null,
      "subkind": "heatmap",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "68813cc7-943b-4121-a3ea-6c5a4ac2ad5b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.3,
        "x": 0.05,
        "y": 0.07
      },
      "kind": "paragraph",
      "text": "Valuation Effective Date: 6/30/2018",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "95e20592-98f3-4d35-9564-44cc07fc6847",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.3,
        "x": 0.02,
        "y": 0.97
      },
      "kind": "source-note",
      "text": "Source: Management projections and FactSet as of 6/21/18.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bbe8ac79-6ae7-4ddb-be96-6d1b1fc1dd0d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.43,
        "x": 0.53,
        "y": 0.55
      },
      "kind": "table",
      "text": "Discounted Distribution Analysis Supplemental Calculation Detail",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "23aefb3a-3e9a-4aa7-aaf8-111c8c55f2d2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.43,
        "x": 0.05,
        "y": 0.55
      },
      "kind": "table",
      "text": "Discounted Levered DCF Analysis Supplemental Calculation Detail",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2ce3bf09-6544-4201-ae7b-df543f0d0c5d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.6,
        "x": 0.05,
        "y": 0.02
      },
      "kind": "title",
      "text": "AM DCF Analysis | AR Downside Volumes Case",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "45f062fb-f96b-4a0e-81ec-c5c4cbcba27d",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Valuation: DCF",
      "slug": "dcf",
      "agent": "architect",
      "layer": "slide",
      "matchId": "f65ed064-50d8-4685-b305-70e82599b523",
      "evidence": "table/data: Discounted Distribution Analysis Supplemental Calculation Detail",
      "confidence": 0.9
    }
  ],
  "frameworks": [
    {
      "name": "sensitivity-analysis",
      "slug": null,
      "matchId": "baf0f475-a087-4d52-a363-35f2135c35f9",
      "evidence": "Sensitivity tables for DCF and Distribution Analysis",
      "confidence": 1
    }
  ],
  "arcBeats": [
    {
      "to": 20,
      "from": 10,
      "beatId": "cc15f587-97d1-4c62-922d-5dd9190b8960",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Solution",
      "beatSlug": "sequoia-pitch-solution",
      "evidence": "The deck provides a financial analysis and proposal for optimizing Antero Resources' performance",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [
    {
      "to": 20,
      "from": 10,
      "name": "Pattern Hunter",
      "slug": "02-pattern-hunter",
      "bestFor": "Time-pressed audiences, building consensus, when data is strong",
      "matchId": "4d9fc817-fb72-4c35-b534-0e190fde4b73",
      "evidence": "The deck presents comparable company analysis and financial metrics to identify patterns",
      "position": 0,
      "objective": "Identifying patterns in Antero Resources' financial performance",
      "structure": "Evidence A -> Evidence B -> Evidence C -> Pattern/Conclusion",
      "confidence": 0.7,
      "description": "Group multiple pieces of evidence that together point to a pattern or conclusion"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}