{
  "docId": "019de50f-31eb-75be-857b-8dc7fd3adc5a",
  "docSlug": "aa275acb9ae0b79ba932218b0dc0f315",
  "documentTitle": "Tudor, Pickering, Holt &amp; 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": 21,
  "pageCount": 94,
  "prevPage": 20,
  "nextPage": 22,
  "slideType": "financial_analysis",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 60,
  "notes": "Includes two sensitivity matrices (3x3) and two detailed financial tables for valuation.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de50f-31eb-75be-857b-8dc7fd3adc5a/21",
  "deckHref": "/decks/019de50f-31eb-75be-857b-8dc7fd3adc5a",
  "deckJsonHref": "/decks/019de50f-31eb-75be-857b-8dc7fd3adc5a.json",
  "deckAnchorHref": "/decks/019de50f-31eb-75be-857b-8dc7fd3adc5a#slide-21",
  "components": [
    {
      "bbox": {
        "h": 0.05,
        "w": 0.65,
        "x": 0.04,
        "y": 0.94
      },
      "kind": "disclaimer",
      "text": "Source: Management projections and FactSet as of 8/30/2018. (1) AMGP discounted DCF 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).",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "cb7de536-0455-4892-ae1b-c93357ffbc82",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.43,
        "x": 0.05,
        "y": 0.22
      },
      "kind": "table",
      "text": "Sensitivity table for Discounted Levered DCF Analysis",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "55dcf9c9-1841-4e69-92f6-d66220f1bcb0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.43,
        "x": 0.52,
        "y": 0.22
      },
      "kind": "table",
      "text": "Sensitivity table for Discounted Distribution Analysis",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "70f54792-8885-4675-857b-ecff98cae13b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.43,
        "x": 0.05,
        "y": 0.53
      },
      "kind": "table",
      "text": "Supplemental calculation detail for DCF",
      "attrs": null,
      "subkind": "valuation",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d85dc167-4b29-476a-9387-51f03eda69df",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.43,
        "x": 0.52,
        "y": 0.53
      },
      "kind": "table",
      "text": "Supplemental calculation detail for Distribution Analysis",
      "attrs": null,
      "subkind": "valuation",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e5c2caf8-0dfc-4de8-b798-ca7b3169e67b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.75,
        "x": 0.04,
        "y": 0.02
      },
      "kind": "title",
      "text": "AMGP DCF Analysis | AR Base Volumes Case",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a6abfb12-9b42-411c-8ddf-4c921526c8e6",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Valuation: DCF",
      "slug": "dcf",
      "agent": "architect",
      "layer": "slide",
      "matchId": "e9e65d3c-7802-44f7-892b-8d7b453d7579",
      "evidence": "AMGP discounted DCF defined as HoldCo DCF with Series B payments added back in",
      "confidence": 0.9
    }
  ],
  "frameworks": [
    {
      "name": "sensitivity_analysis",
      "slug": null,
      "matchId": "f2f96b61-9e56-4bbe-99b9-d187a79147d9",
      "evidence": "Two 3x3 sensitivity matrices showing valuation impact of varying discount rates and multiples/yields.",
      "confidence": 1
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}