{
  "docId": "019de50f-3b3c-714c-9c2c-c2f457616c42",
  "docSlug": "30cc3afb3ec34309d63f151f86a16f36",
  "documentTitle": "Tudor, Pickering, Holt & Co | Investment Banking Pitch Book | 77 slides",
  "authorId": "tudor-pickering-holt-co",
  "authorName": "TPH",
  "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": 22,
  "pageCount": 77,
  "prevPage": 21,
  "nextPage": 23,
  "slideType": "financial_analysis",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 60,
  "notes": "Includes two sensitivity matrices (2022E CAFD Multiple vs Discount Rate and 2022E Distribution Yield vs Discount Rate) and two detailed DCF calculation tables.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de50f-3b3c-714c-9c2c-c2f457616c42/22",
  "deckHref": "/decks/019de50f-3b3c-714c-9c2c-c2f457616c42",
  "deckJsonHref": "/decks/019de50f-3b3c-714c-9c2c-c2f457616c42.json",
  "deckAnchorHref": "/decks/019de50f-3b3c-714c-9c2c-c2f457616c42#slide-22",
  "components": [
    {
      "bbox": {
        "h": 0.25,
        "w": 0.4,
        "x": 0.55,
        "y": 0.22
      },
      "kind": "chart",
      "text": "2022E Distribution Yield Sensitivity Table",
      "attrs": null,
      "subkind": "heatmap",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7fa03f8e-edc0-4856-aff7-abe4438e47ac",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.4,
        "x": 0.05,
        "y": 0.22
      },
      "kind": "chart",
      "text": "2022E CAFD Multiple Sensitivity Table",
      "attrs": null,
      "subkind": "heatmap",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "be4339c9-14f5-4427-a041-f6cfc2111d52",
      "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 10/3/2018. (1) AMGP discounted DCF 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": "3a2aac9c-8eab-4e9c-b84f-3debcb0907cd",
      "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": "valuation",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9417065f-19a1-4e10-80d1-70b4e615f51a",
      "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": "valuation",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c64c20ef-2b74-4cf9-b006-6ae44bfe9840",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.6,
        "x": 0.04,
        "y": 0.03
      },
      "kind": "title",
      "text": "AMGP DCF Analysis | AR Base Volumes Case",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d6e1a173-4b1b-4db2-8b50-139189a1d685",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Valuation: DCF",
      "slug": "dcf",
      "agent": "architect",
      "layer": "slide",
      "matchId": "f6928adc-022e-48ae-97d5-617eb7ee9539",
      "evidence": "AMGP discounted DCF defined as HoldCo DCF with Series B payments added back in.",
      "confidence": 0.9
    },
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "c80cf37a-8d52-4f61-99f8-0b2cc9e4bd8e",
      "evidence": "chart/heatmap: 2022E Distribution Yield Sensitivity Table",
      "confidence": 0.7
    }
  ],
  "frameworks": [
    {
      "name": "sensitivity-analysis",
      "slug": null,
      "matchId": "4a5e97f8-c2e5-4990-889b-86e2d0b856ad",
      "evidence": "Sensitivity tables for CAFD Multiple and Distribution Yield",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 25,
      "from": 11,
      "beatId": "f73617ee-7ab0-4fb8-bce1-f4c335966d50",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Evidence & Proof",
      "beatSlug": "consultants-gambit-evidence-proof",
      "evidence": "The document provides detailed financial analysis, including comparable company analysis, DCF analysis, and contribution analysis.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}