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  "documentTitle": "Baird | Investment Banking Pitch Book | 80 slides",
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  "notes": "The table compares distribution forecasts (2019E-2022E + Terminal Value), Present Value (at 10%, 15%, 20% discount rates), Implied Ownership percentages, and Proposal exchange ratios.",
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      "text": "Relative contribution based on proportionate distributions received",
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      "text": "Source: Management projections. (1) Utilizes terminal yield values defined in prior sections of this presentation. Series B terminal value equal to the AMGP terminal value. (2) AMGP includes only Series A cash flow. (3) All-in implied exchange ratio, including cash. Based on 10-day VWAP as of October 5, 2018.",
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      "text": "RELATIVE CONTRIBUTION ANALYSIS USING PF AMGP COVERAGE",
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      "text": "IMPLIED AM / AMGP EXCHANGE RATIO",
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