{
  "docId": "019de50f-3515-7091-a5fb-7a5b15f7388d",
  "docSlug": "7608e2b67160c75406354544171fcc04",
  "documentTitle": "Baird | Investment Banking Pitch Book | 79 slides",
  "authorId": "baird",
  "authorName": "Baird",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2018-10-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 64,
  "pageCount": 79,
  "prevPage": 63,
  "nextPage": 65,
  "slideType": "financial_analysis",
  "function": "quantify_impact",
  "density": "balanced",
  "nDataPoints": 10,
  "notes": "The chart uses a floating bar format to represent valuation ranges for DCF, DDA, Public Comps, and Precedent Transactions.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de50f-3515-7091-a5fb-7a5b15f7388d/64",
  "deckHref": "/decks/019de50f-3515-7091-a5fb-7a5b15f7388d",
  "deckJsonHref": "/decks/019de50f-3515-7091-a5fb-7a5b15f7388d.json",
  "deckAnchorHref": "/decks/019de50f-3515-7091-a5fb-7a5b15f7388d#slide-64",
  "components": [
    {
      "bbox": {
        "h": 0.45,
        "w": 0.88,
        "x": 0.06,
        "y": 0.25
      },
      "kind": "chart",
      "text": "Valuation ranges for four methodologies",
      "attrs": null,
      "subkind": "bar-floating",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "71cfe7f7-a54a-4c03-a306-67dcecf957d3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.75,
        "x": 0.18,
        "y": 0.078
      },
      "kind": "list",
      "text": "Implied equity value per AMGP common share based on comparisons with similar precedent transactions involving MLP general partners. Valuation benchmarks include: Per share price implied by multiples of Total Transaction Value to Total NTM IDR cash flow, normalized for a 1.1x coverage ratio at the underlying MLP. Baird focused on acquisitions of high-growth IDR streams for purposes of this analysis, as a way to best reflect the growth profile of AMGP",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "739997b6-cebb-4747-b2a9-67a041b5360e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.6,
        "x": 0.06,
        "y": 0.07
      },
      "kind": "title",
      "text": "AMGP SUMMARY VALUATION ANALYSIS",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "37d52824-446a-4c1e-b90b-2040151af49f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.9,
        "x": 0.06,
        "y": 0.14
      },
      "kind": "title",
      "text": "Implied valuation ranges per AMGP common share based on Selected Precedent Transactions Analysis",
      "attrs": null,
      "subkind": "subtitle",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b0dc54ef-41bb-4642-a103-6267cbe4c75c",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Valuation: Precedent transactions",
      "slug": "precedent-transactions",
      "agent": "architect",
      "layer": "slide",
      "matchId": "48633c29-fba3-48f5-8c91-44039fb150c0",
      "evidence": "list/bullet: Implied equity value per AMGP common share based on comparisons with similar precedent transactions involving MLP general partners.",
      "confidence": 0.7
    }
  ],
  "frameworks": [
    {
      "name": "valuation-summary",
      "slug": null,
      "matchId": "b6e034d8-29e4-4b4f-ae54-c3b18f1b1f8c",
      "evidence": "Standard investment banking valuation summary chart",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}