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  "presentationDate": "2018-07-01 00:00:00",
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  "notes": "The slide highlights the impact of exchange ratios on distribution growth and valuation multiples.",
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      "kind": "callout",
      "text": "Higher exchange ratios lower the initial pro forma distribution, but forward growth trajectory is relatively unchanged",
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      "text": "Source: Antero management projections. (1) Cash flow represents distributable cash flow attributable to LP unitholders / shareholders at full payout. Cash flow to AMGP is net of Series B profit interest and taxes.",
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      "kind": "title",
      "text": "RELATIVE TRADING ANALYSIS",
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