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  "docSlug": "80df14df7c6630a66610a76b5f3de6c2",
  "documentTitle": "Antero Midstream Partners | Mergers and Acquisitions Presentation Deck | 21 slides",
  "authorId": "antero-midstream-partners",
  "authorName": "Antero Resources",
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  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2018-08-01 00:00:00",
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  "pageNumber": 9,
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  "nDataPoints": 9,
  "notes": "The slide uses a combination of bulleted value propositions and comparative bar charts to justify the transaction's valuation upside.",
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      "kind": "chart",
      "text": "2018E - 2020E EBITDA Growth, DPU Growth, and DCF Growth comparisons for AMGP PF vs Midstream C-Corps and E&P Sponsored MLPs.",
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      "text": "Transaction places midstream assets in best-in-class C-Corp structure with traditional governance favored by investors. Pro forma AMGP would have DCF, EBITDA and cash distribution growth vastly superior to its new corporate peers. Pro forma AMGP would offer a conservative capital return and balance sheet posture. Ultimately, pro forma AMGP's superior growth and balance sheet will imply upside to the share price, to the benefit of AR.",
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      "kind": "source-note",
      "text": "Note: Assumes AMGP acquires AM for 1.68x exchange ratio plus $1.82 in cash per unit; Assumes current AMGP share price of $19.04 as of 8/2/18 in calculating metrics. Represents LP DCF growth rather than total DCF growth.",
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      "kind": "title",
      "text": "Pro Forma AMGP Will Provide a Differentiated Growth, Leverage and Valuation Proposition to Potential Investors",
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      "kind": "title",
      "text": "Summary",
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      "evidence": "The pro forma AMGP is presented as a solution.",
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