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  "authorName": "Tudor Pickering Holt",
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  "presentationDate": "2018-08-01 00:00:00",
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  "notes": "Includes sensitivity tables for discount rates vs multiples/yields and detailed calculation bridges for terminal value.",
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      "text": "CONFIDENTIAL DRAFT SUBJECT TO CHANGE",
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      "text": "Source: Management projections and FactSet as of 8/10/2018. (1) AMGP discounted IDR distribution defined as HoldCo DCF with Series B payments added back in. Discounted cost of equity at 10.0%. (2) Adj. GP distribution per share calculated as (AMGP DCF + Series B payment added back) / (fully diluted AMGP shares outstanding + 18.5mm converted Series B units).",
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