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  "documentTitle": "Baird | Investment Banking Pitch Book | 79 slides",
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      "text": "Implied equity value per AMGP common share based on comparisons with publicly traded MLP general partners. Valuation benchmarks include: Per share price implied by multiples of Total Enterprise Value to 2019E EBITDA; Per share price implied by multiples of Price to CAFD Attributable to AMGP common shareholders; Per share price implied by 2019E Distribution Yields. As a result of the substantial disparity in AMGP's near term growth relative to its closest peer group, Baird utilized AMGP's 2022 forecasted metrics for purposes of its Selected Public Comparables analysis. Baird discounted the resulting implied valuations to present utilizing its derived midpoint cost of equity for AMGP.",
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