{
  "docId": "019de50f-3b3c-714c-9c2c-c2f457616c42",
  "docSlug": "30cc3afb3ec34309d63f151f86a16f36",
  "documentTitle": "Tudor, Pickering, Holt &amp; 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": 23,
  "pageCount": 77,
  "prevPage": 22,
  "nextPage": 24,
  "slideType": "financial_analysis",
  "function": "quantify_impact",
  "density": "balanced",
  "nDataPoints": 12,
  "notes": "The chart illustrates sensitivity of share price to yield assumptions over a three-year period (2019E-2021E).",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de50f-3b3c-714c-9c2c-c2f457616c42/23",
  "deckHref": "/decks/019de50f-3b3c-714c-9c2c-c2f457616c42",
  "deckJsonHref": "/decks/019de50f-3b3c-714c-9c2c-c2f457616c42.json",
  "deckAnchorHref": "/decks/019de50f-3b3c-714c-9c2c-c2f457616c42#slide-23",
  "components": [
    {
      "bbox": {
        "h": 0.5,
        "w": 0.8,
        "x": 0.05,
        "y": 0.15
      },
      "kind": "chart",
      "text": "Projected share price trends for 5%, 6%, and 7% yields",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "429b30b0-a26c-4fcb-af18-f07d9f029653",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.9,
        "x": 0.05,
        "y": 0.75
      },
      "kind": "list",
      "text": "Management projections; Valuation date as of 12/31/18; Future share price calculated at FY1 annual distributions divided by yield; Discounted to 12/31/18 at 10% cost of equity; Interim distributions discounted upon receipt to 12/31/18",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8871c79b-d8e7-4d54-87a5-5d20d595d0db",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.4,
        "x": 0.05,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "Source: Management projections and FactSet as of 10/3/2018. Note: Valuation based on annual distributions. Net of Series B value.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0c8c2b2e-e0b0-46f3-bc89-0feca26e6179",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.7,
        "x": 0.05,
        "y": 0.05
      },
      "kind": "title",
      "text": "AMGP Illustrative Discounted Future Value",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "884f5e85-7e2b-49b5-8b48-5c85e7b593ed",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.2,
        "x": 0.05,
        "y": 0.1
      },
      "kind": "title",
      "text": "AR Base Volumes Case",
      "attrs": null,
      "subkind": "subtitle",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "af935cf7-e40b-4aae-80e0-aef020be578c",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Valuation: DCF",
      "slug": "dcf",
      "agent": "architect",
      "layer": "slide",
      "matchId": "64533008-9afa-4a1c-ba6f-6af1aead64c9",
      "evidence": "Discounted to 12/31/18 at 10% cost of equity",
      "confidence": 0.9
    },
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "7f8b22ed-07b7-4b68-8621-86abebb97874",
      "evidence": "Projected share price trends for 5%, 6%, and 7% yields",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "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
}