{
  "docId": "019de50f-3dc4-70ec-878e-ad646afa06e6",
  "docSlug": "95a5d2139f0ac56ab1dadc9e1d7d4f46",
  "documentTitle": "Antero Midstream Partners | Mergers and Acquisitions Presentation Deck | 49 slides",
  "authorId": "antero-midstream-partners",
  "authorName": "Antero Midstream",
  "documentKindSlug": "deck",
  "documentKindLabel": "Deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2018-11-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3314841,
  "pageNumber": 29,
  "pageCount": 49,
  "prevPage": 28,
  "nextPage": 30,
  "slideType": "key_messages",
  "function": "present_framework",
  "density": "dense",
  "nDataPoints": 4,
  "notes": "Uses a chevron-based list structure to present financial pillars.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de50f-3dc4-70ec-878e-ad646afa06e6/29",
  "deckHref": "/decks/019de50f-3dc4-70ec-878e-ad646afa06e6",
  "deckJsonHref": "/decks/019de50f-3dc4-70ec-878e-ad646afa06e6.json",
  "deckAnchorHref": "/decks/019de50f-3dc4-70ec-878e-ad646afa06e6#slide-29",
  "components": [
    {
      "bbox": {
        "h": 0.18,
        "w": 0.9,
        "x": 0.05,
        "y": 0.12
      },
      "kind": "list",
      "text": "Prudent Leverage: Maintain conservative leverage profile between 2.0x – 2.5x net debt to LTM Adjusted EBITDA. With ability to flex up to 3.0x on a short-term basis for accretive transactions.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1743d5e1-47ab-48db-b630-8e13ca9143ac",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.22,
        "w": 0.9,
        "x": 0.05,
        "y": 0.33
      },
      "kind": "list",
      "text": "Strong DCF Coverage: Target distribution coverage average of 1.25x through 2020 and >1.1x thereafter to preserve financial flexibility. Organic growth will be the primary focus.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d47395c7-327e-41ca-84dc-471c857cb66e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.9,
        "x": 0.05,
        "y": 0.79
      },
      "kind": "list",
      "text": "Liquidity: Maintain sufficient liquidity position to fund organic growth opportunities.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e00284b0-a15c-4c18-a7e4-bf795f08e488",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.18,
        "w": 0.9,
        "x": 0.05,
        "y": 0.58
      },
      "kind": "list",
      "text": "Fund with Cash Flow: Fund organic growth plan with cash flow and credit facility borrowings. Availability to utilize at-the-market equity issuance program.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f83ab27e-af8f-4cd9-a1f6-115ffe4329fc",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.6,
        "x": 0.05,
        "y": 0.02
      },
      "kind": "title",
      "text": "Financial Policy Overview – Status Quo AM",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3f4220ba-3339-448d-82d5-2a94efe1eda6",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "list-presentation",
      "slug": null,
      "matchId": "bb091a2a-ab77-464d-b5d3-3354e4706d3c",
      "evidence": "Structured as a list of four key financial policy pillars.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 49,
      "from": 29,
      "beatId": "4dde3124-4dc6-46ae-882f-0a1e7d4f4fb0",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Impact & Next Steps",
      "beatSlug": "consultants-gambit-impact-next-steps",
      "evidence": "The deck concludes by highlighting the next steps and the potential impact of the simplification transaction on the company's growth and financial performance.",
      "position": 4,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}