{
  "docId": "019de50f-31eb-75be-857b-8dc7fd3adc5a",
  "docSlug": "aa275acb9ae0b79ba932218b0dc0f315",
  "documentTitle": "Tudor, Pickering, Holt & Co | Investment Banking Pitch Book | 94 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": 1.3426573,
  "pageNumber": 17,
  "pageCount": 94,
  "prevPage": 16,
  "nextPage": 18,
  "slideType": "financial_analysis",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 9,
  "notes": "The chart displays three lines representing different yield scenarios (6.0%, 7.0%, 8.0%) over three years (2019E, 2020E, 2021E).",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de50f-31eb-75be-857b-8dc7fd3adc5a/17",
  "deckHref": "/decks/019de50f-31eb-75be-857b-8dc7fd3adc5a",
  "deckJsonHref": "/decks/019de50f-31eb-75be-857b-8dc7fd3adc5a.json",
  "deckAnchorHref": "/decks/019de50f-31eb-75be-857b-8dc7fd3adc5a#slide-17",
  "components": [
    {
      "bbox": {
        "h": 0.05,
        "w": 0.18,
        "x": 0.8,
        "y": 0.02
      },
      "kind": "callout",
      "text": "CONFIDENTIAL DRAFT SUBJECT TO CHANGE",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d552db10-c89b-4ee6-b4fa-3fc1a1217478",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.5,
        "w": 0.75,
        "x": 0.08,
        "y": 0.2
      },
      "kind": "chart",
      "text": "Line chart showing share price projections for 2019E, 2020E, 2021E at 6%, 7%, and 8% yields.",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d8437ef3-afa5-4225-8701-cb00830936ec",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.9,
        "x": 0.04,
        "y": 0.75
      },
      "kind": "list",
      "text": "Assumptions: Management projections, Valuation date as of 6/30/18, Future share price calculated at FY1 annual distributions divided by 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": "9ddd001f-bc62-4230-85d1-8e0d9c6d4099",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.3,
        "x": 0.04,
        "y": 0.1
      },
      "kind": "paragraph",
      "text": "AR Downside Volumes Case",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "000bfb52-26e4-40be-8eba-a62b595ae451",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.4,
        "x": 0.04,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "Source: Management projections and FactSet as of 8/30/2018. Note: Valuation based on annual distributions.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4eadd7e3-d384-4a91-8e2b-492aefd457c0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.6,
        "x": 0.04,
        "y": 0.05
      },
      "kind": "title",
      "text": "AM Illustrative Discounted Future Value",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8864f5f7-b86e-4f46-9ff7-619887f76a55",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 20,
      "from": 12,
      "beatId": "6825e0d8-b193-4859-94a5-1b7dbaf22821",
      "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, DCF analysis, and precedent transactions",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [
    {
      "to": 20,
      "from": 12,
      "name": "Mece Breakdown",
      "slug": "40-mece-breakdown",
      "bestFor": "Problem structuring, ensuring completeness, strategic analysis",
      "matchId": "bd15ae20-b39d-4d00-b25b-5ec35a7082b3",
      "evidence": "The document provides detailed financial analysis, including comparable company analysis and DCF analysis",
      "position": 1,
      "objective": "Break down financial analysis into manageable components",
      "structure": "The Whole -> Category A (distinct) -> Category B (distinct) -> Category C (distinct) -> Complete Coverage",
      "confidence": 0.7,
      "description": "Divide a complex topic into mutually exclusive, collectively exhaustive categories"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}