{
  "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": 65,
  "pageCount": 79,
  "prevPage": 64,
  "nextPage": 66,
  "slideType": "appendix_data",
  "function": "cite_precedent",
  "density": "balanced",
  "nDataPoints": 90,
  "notes": "Includes specific highlights for >25% growth range transactions.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de50f-3515-7091-a5fb-7a5b15f7388d/65",
  "deckHref": "/decks/019de50f-3515-7091-a5fb-7a5b15f7388d",
  "deckJsonHref": "/decks/019de50f-3515-7091-a5fb-7a5b15f7388d.json",
  "deckAnchorHref": "/decks/019de50f-3515-7091-a5fb-7a5b15f7388d#slide-65",
  "components": [
    {
      "bbox": {
        "h": 0.04,
        "w": 0.35,
        "x": 0.41,
        "y": 0.71
      },
      "kind": "callout",
      "text": ">25% Growth Range 24.9x - 33.5x",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "89c8416d-bf7f-41a0-8fbb-28038edc9129",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.7,
        "x": 0.02,
        "y": 0.91
      },
      "kind": "disclaimer",
      "text": "Source: SEC filings, Bloomberg and Wall Street research. Note: Analysis reflects selected GP acquisitions announced and closed since 2010. (1) Excludes the value of limited partner units. (2) Based on estimated NTM MLP distribution at the time of announcement per Wall Street consensus estimates. Excludes distributions from limited partner units. (3) Represents GP/IDR cash flow as adjusted by Baird to reflect 1.1x distributable cash flow coverage at the MLP. (4) 3-year CAGR based on LQA - CY+3.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ed3cc038-a98b-4646-aa1f-47eb9bdfdd87",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.65,
        "w": 0.96,
        "x": 0.02,
        "y": 0.18
      },
      "kind": "table",
      "text": "Table of 10 transactions with columns: Date, Acquirer, Target, IDR Tier, GP Value, LQA, NTM, NTM Normalized, 3-Year Est. Distr. CAGR, LQA DCF Coverage, GP/IDR 3-Year Est. Distr. CAGR",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9a5e0dfe-3901-48fa-9fca-03058c0a12a6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.6,
        "x": 0.06,
        "y": 0.07
      },
      "kind": "title",
      "text": "SELECTED PRECEDENT GP / IDR TRANSACTIONS",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7cfb5cfb-2e9a-461c-9277-2906bcdfbeff",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Data Story Arc",
      "slug": "data-story-arc",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "479ce2af-f833-48f2-82be-7508e893bfb2",
      "evidence": "table/data: Table of 10 transactions with columns: Date, Acquirer, Target, IDR Tier, GP Value, LQA, NTM, NTM Normalized, 3-Year Est. Distr. CAGR, LQA DCF Coverage, GP/IDR 3-Year Est. Distr. CAGR",
      "confidence": 0.5
    }
  ],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}