{
  "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": 88,
  "pageCount": 94,
  "prevPage": 87,
  "nextPage": 89,
  "slideType": "appendix_data",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 32,
  "notes": "Contains four distinct financial tables comparing Low/High ranges for various WACC inputs.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de50f-31eb-75be-857b-8dc7fd3adc5a/88",
  "deckHref": "/decks/019de50f-31eb-75be-857b-8dc7fd3adc5a",
  "deckJsonHref": "/decks/019de50f-31eb-75be-857b-8dc7fd3adc5a.json",
  "deckAnchorHref": "/decks/019de50f-31eb-75be-857b-8dc7fd3adc5a#slide-88",
  "components": [
    {
      "bbox": {
        "h": 0.1,
        "w": 0.6,
        "x": 0.05,
        "y": 0.9
      },
      "kind": "disclaimer",
      "text": "Source: Bloomberg, Duff & Phelps, FactSet, Federal Reserve, Company filings as of 8/30/2018. (1) Illustrative low and high range reflects a -/+ 100 bps range around after tax current 5.6% cost of debt at AM. (2) Barra beta as of 3/23/2018. Illustrative low and high range reflects a -/+ 15% range around Barra beta. (3) 20-year treasury bond yield as of 8/21/18. (4) Duff & Phelps historical arithmetic premium. (5) Optimal Capital Structure based on Total Debt of 3.5x 2019E EBITDA",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "07eabc25-21f8-45a1-91f4-0dbc70812cd7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.2,
        "x": 0.75,
        "y": 0.92
      },
      "kind": "image",
      "text": "TUDORPICKERING HOLT&CO",
      "attrs": null,
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2ca3f108-54b9-4143-8817-b8686c6b6de1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.4,
        "x": 0.5,
        "y": 0.15
      },
      "kind": "table",
      "text": "Cost of Equity Barra Beta",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "35c42018-6bef-4e80-9f73-4a2306819143",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.4,
        "x": 0.05,
        "y": 0.15
      },
      "kind": "table",
      "text": "Cost of Equity Comparable Company Yield-Based",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "98f22168-f0cf-4f5a-a85e-5061c299c4ed",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.4,
        "x": 0.5,
        "y": 0.5
      },
      "kind": "table",
      "text": "Cost of Capital Optimal Capital Structure",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c30da739-600a-40f9-a7f0-eff083f3e145",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.4,
        "x": 0.05,
        "y": 0.5
      },
      "kind": "table",
      "text": "Cost of Capital PF Capital Structure",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f31ee983-5556-4d56-b361-4c9269f5a8c9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.6,
        "x": 0.05,
        "y": 0.04
      },
      "kind": "title",
      "text": "PF AMGP Peer Group WACC Analysis (cont.)",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "98d54c00-dbeb-43f0-aaf5-5c9453f08869",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Table data",
      "slug": "table-data",
      "agent": null,
      "layer": "slide",
      "matchId": "749a98b4-6fec-45bb-b367-f834153ffa19",
      "evidence": "table/data: Cost of Equity Comparable Company Yield-Based",
      "confidence": 0.9
    }
  ],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}