{
  "docId": "019de50f-3aaf-71d0-8eb4-37be51379196",
  "docSlug": "1c5b2abb4a0c4985683456b7146eaef1",
  "documentTitle": "Tudor, Pickering, Holt & Co | Investment Banking Pitch Book | 60 slides",
  "authorId": "tudor-pickering-holt-co",
  "authorName": "Tudor, Pickering, Holt & Co",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2018-10-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3324081,
  "pageNumber": 19,
  "pageCount": 60,
  "prevPage": 18,
  "nextPage": 20,
  "slideType": "financial_analysis",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 60,
  "notes": "Includes sensitivity tables for discount rates vs multiples/yields and supplemental calculation details for implied equity value per share.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de50f-3aaf-71d0-8eb4-37be51379196/19",
  "deckHref": "/decks/019de50f-3aaf-71d0-8eb4-37be51379196",
  "deckJsonHref": "/decks/019de50f-3aaf-71d0-8eb4-37be51379196.json",
  "deckAnchorHref": "/decks/019de50f-3aaf-71d0-8eb4-37be51379196#slide-19",
  "components": [
    {
      "bbox": {
        "h": 0.25,
        "w": 0.4,
        "x": 0.55,
        "y": 0.23
      },
      "kind": "chart",
      "text": "Discounted Distribution Analysis Sensitivity Table",
      "attrs": null,
      "subkind": "heatmap",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "043f9af0-c95c-41b4-920b-11aee0067e98",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.4,
        "x": 0.05,
        "y": 0.23
      },
      "kind": "chart",
      "text": "Discounted Levered DCF Sensitivity Table",
      "attrs": null,
      "subkind": "heatmap",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1f4b3d0b-1a3e-4af7-8fe1-3548eb152cc1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.9,
        "x": 0.05,
        "y": 0.94
      },
      "kind": "disclaimer",
      "text": "Source: Management projections and FactSet as of 10/5/2018. (1) AMGP discounted IDR distribution defined as HoldCo DCF with Series B payments added back in. Discounted cost of equity at 10.0%. (2) Adj. GP distribution per share calculated as (AMGP DCF + Series B payment added back) / (fully diluted AMGP shares outstanding + 17.354mm converted Series B units).",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e25bfb6f-109e-4451-adc9-4a71a33790f3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.4,
        "x": 0.55,
        "y": 0.53
      },
      "kind": "table",
      "text": "Discounted Distribution Analysis Supplemental Calculation Detail",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0be32b22-2a55-4d7b-91a5-44f98754b46b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.4,
        "x": 0.05,
        "y": 0.53
      },
      "kind": "table",
      "text": "Discounted Levered DCF Supplemental Calculation Detail",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e7e3eaa6-59e3-463e-830f-d3157b6ba43f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.6,
        "x": 0.05,
        "y": 0.03
      },
      "kind": "title",
      "text": "AMGP DCF Analysis | AR Downside Volumes Case",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a672c2c7-ba1d-4d96-84cb-6780ed758c54",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Valuation: DCF",
      "slug": "dcf",
      "agent": "architect",
      "layer": "slide",
      "matchId": "398a3780-a513-464d-a95c-3c6379b096b3",
      "evidence": "DCF Analysis Supplemental Calculation Detail",
      "confidence": 0.9
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 35,
      "from": 16,
      "beatId": "ea2f1fde-5bda-41a3-bf9d-c5f48d33f70c",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Solution & Approach",
      "beatSlug": "consultants-gambit-solution-approach",
      "evidence": "The document provides financial analysis and projections for AMGP and the transaction",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}