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  "documentTitle": "Baird | Investment Banking Pitch Book | 6 slides",
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  "presentationDate": "2018-08-01 00:00:00",
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  "notes": "The slide uses a hypothetical 1.7x exchange ratio to model various financial outcomes for AMGP and AR.",
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      "text": "Required Coverage Ratio Adjustment to Hold AM Flat",
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      "text": "AM Distributions / LP Unit",
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      "text": "Hypothetical analysis assuming AMGP's maximum all-in exchange ratio is 1.7x",
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      "text": "Source: Antero management projections. (1) Total cash from midstream investments, including any upfront cash from a potential transaction.",
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      "text": "POTENTIAL AMGP PERSPECTIVES ON EXCHANGE RATIO",
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