{
  "docId": "019de50f-2706-763f-9734-587d3867eb97",
  "docSlug": "c7d3c8c12b4d90d2695b3c13312f33b0",
  "documentTitle": "Tudor, Pickering, Holt & Co | Investment Banking Pitch Book | 122 slides",
  "authorId": "tudor-pickering-holt-co",
  "authorName": "Tudor Pickering Holt",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2018-08-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3426573,
  "pageNumber": 23,
  "pageCount": 120,
  "prevPage": 22,
  "nextPage": 24,
  "slideType": "financial_analysis",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 12,
  "notes": "The chart displays three lines representing different yield scenarios (4.0%, 5.5%, 7.0%) over three years (2019E, 2020E, 2021E).",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de50f-2706-763f-9734-587d3867eb97/23",
  "deckHref": "/decks/019de50f-2706-763f-9734-587d3867eb97",
  "deckJsonHref": "/decks/019de50f-2706-763f-9734-587d3867eb97.json",
  "deckAnchorHref": "/decks/019de50f-2706-763f-9734-587d3867eb97#slide-23",
  "components": [
    {
      "bbox": {
        "h": 0.05,
        "w": 0.15,
        "x": 0.8,
        "y": 0.05
      },
      "kind": "callout",
      "text": "CONFIDENTIAL DRAFT SUBJECT TO CHANGE",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4922a056-c908-4176-9071-87448e061121",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.5,
        "w": 0.65,
        "x": 0.15,
        "y": 0.15
      },
      "kind": "chart",
      "text": "Line chart showing share price projections for 2019E, 2020E, 2021E across three yield scenarios.",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "efdc9c41-fc85-4111-ad5d-c3d7200105fb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.5,
        "x": 0.05,
        "y": 0.75
      },
      "kind": "list",
      "text": "Assumptions: Management projections, Valuation date 6/30/18, Future share price = FY1 annual distributions / yield, Discounted to 6/30/18 at 10% cost of equity, Interim distributions discounted upon receipt to 6/30/18.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7f002c4e-dc6f-4667-935b-7ce8fa041f51",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.4,
        "x": 0.05,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "Source: Management projections and FactSet as of 8/10/2018. Note: Valuation based on annual distributions. Net of Series B value.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8a13c86b-d300-4273-bb9a-b85cac538b38",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.6,
        "x": 0.05,
        "y": 0.05
      },
      "kind": "title",
      "text": "AMGP Illustrative Discounted Future Value",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7df17450-9856-4bdc-9b55-ab88f48de251",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.3,
        "x": 0.05,
        "y": 0.1
      },
      "kind": "title",
      "text": "AR Downside Volumes Case",
      "attrs": null,
      "subkind": "subtitle",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "39bf8ac0-cf1e-4820-9672-da354a61125f",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "6bd5f068-21d8-4512-9771-1baec6a21a79",
      "evidence": "chart/line: Line chart showing share price projections for 2019E, 2020E, 2021E across three yield scenarios.",
      "confidence": 0.9
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 30,
      "from": 15,
      "beatId": "bc131a6e-d0a2-447c-a798-0ddd5955f5b1",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Evidence & Proof",
      "beatSlug": "consultants-gambit-evidence-proof",
      "evidence": "The document provides detailed financial analysis, including comparable company analysis and DCF analysis.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [
    {
      "to": 30,
      "from": 15,
      "name": "So What Cascade",
      "slug": "41-so-what-cascade",
      "bestFor": "Data presentations, executive summaries, driving to recommendations",
      "matchId": "5512857a-2a64-40d5-af20-b212ac60b32d",
      "evidence": "The document provides detailed financial analysis and translates it into implications for stakeholders.",
      "position": 1,
      "objective": "Translating financial analysis into implications for stakeholders.",
      "structure": "The Data -> So What? (Insight 1) -> So What? (Insight 2) -> So What? (The Action)",
      "confidence": 0.7,
      "description": "Chain insights together, each answering 'so what?' until you reach the actionable conclusion"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}