{
  "docId": "019de50f-315f-76dd-9eb7-fea12e39e206",
  "docSlug": "9c02e32b806b7ba747dd2080720d3c6e",
  "documentTitle": "Tudor, Pickering, Holt &amp; Co | Investment Banking Pitch Book | 12 slides",
  "authorId": "tudor-pickering-holt-co",
  "authorName": "Tudor Pickering Holt",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2018-09-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3464235,
  "pageNumber": 7,
  "pageCount": 12,
  "prevPage": 6,
  "nextPage": 8,
  "slideType": "financial_analysis",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 24,
  "notes": "Includes two charts showing exchange ratio and value per unit relative to AMGP share price.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de50f-315f-76dd-9eb7-fea12e39e206/7",
  "deckHref": "/decks/019de50f-315f-76dd-9eb7-fea12e39e206",
  "deckJsonHref": "/decks/019de50f-315f-76dd-9eb7-fea12e39e206.json",
  "deckAnchorHref": "/decks/019de50f-315f-76dd-9eb7-fea12e39e206#slide-7",
  "components": [
    {
      "bbox": {
        "h": 0.35,
        "w": 0.45,
        "x": 0.52,
        "y": 0.55
      },
      "kind": "chart",
      "text": "Value per Unit to AM Unitholders vs AMGP Share Price",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "54db70c2-2da6-443e-a560-0f2e39d66afd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.45,
        "x": 0.52,
        "y": 0.15
      },
      "kind": "chart",
      "text": "Exchange Ratio vs AMGP Share Price",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d12c2dd1-46e5-4784-8891-029d607381aa",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.45,
        "x": 0.05,
        "y": 0.15
      },
      "kind": "paragraph",
      "text": "Structure Overview, Mechanic Risks/Benefits, and Considerations sections.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a9f8cd7b-6721-4e3c-9de8-17736eaa5baa",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.5,
        "x": 0.05,
        "y": 0.92
      },
      "kind": "source-note",
      "text": "Source: FactSet as of 9/26/2018. (1) Assumes all equity transaction. Does not include $3.415 of cash consideration for each unaffiliated AM unit. (2) Assumes that AMGP exercises top-up provision below the bottom bound of the collar.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "050a3219-db92-4877-a836-365ec2bc4f2d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.45,
        "x": 0.05,
        "y": 0.65
      },
      "kind": "table",
      "text": "Illustrative Share Issuance table",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0efdcb2d-3f24-42a1-97ee-e16b59a4ddd3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.4,
        "x": 0.05,
        "y": 0.03
      },
      "kind": "title",
      "text": "Fixed Consideration Overview",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d6cabe13-c45f-4b16-8ad3-3cd343f79165",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.4,
        "x": 0.05,
        "y": 0.08
      },
      "kind": "title",
      "text": "Fixed Consideration / Floating Exchange Ratio with Collar",
      "attrs": null,
      "subkind": "subtitle",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "04620dbf-fe38-4863-baca-c815cf672842",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "13710869-ba8e-4069-95ff-0835b7e66992",
      "evidence": "Value per Unit to AM Unitholders vs AMGP Share Price and Exchange Ratio vs AMGP Share Price",
      "confidence": 0.8
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 7,
      "from": 4,
      "beatId": "59ba6dfc-de23-4e05-b9ca-42ceea81d403",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Financials",
      "beatSlug": "sequoia-pitch-financials",
      "evidence": "The deck contains multiple slides on financial analysis, including stock consideration mechanics and floating/fixed consideration overviews.",
      "position": 1,
      "confidence": 0.6,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [
    {
      "to": 7,
      "from": 4,
      "name": "Benchmark Gap",
      "slug": "39-benchmark-gap",
      "bestFor": "Performance improvement, competitive analysis, target setting",
      "matchId": "3ca06708-b7b2-4cc2-a4dd-0879dda4e458",
      "evidence": "The financial analysis slides provide a benchmark for evaluating the investment opportunity.",
      "position": 0,
      "objective": "What is the financial impact of the investment?",
      "structure": "Our Performance -> Industry Average -> Best-in-Class -> The Gap = The Opportunity",
      "confidence": 0.6,
      "description": "Compare performance against best-in-class to quantify the opportunity"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}