{
  "docId": "019de50f-4151-71fc-831a-8b7d1b63bc9a",
  "docSlug": "740271c9fd3ce183c3361e567301c389",
  "documentTitle": "Tudor, Pickering, Holt & Co | Investment Banking Pitch Book | 116 slides",
  "authorId": "tudor-pickering-holt-co",
  "authorName": "Tudor, Pickering, Holt & Co",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2018-11-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3464235,
  "pageNumber": 39,
  "pageCount": 116,
  "prevPage": 38,
  "nextPage": 40,
  "slideType": "financial_analysis",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 60,
  "notes": "Includes sensitivity tables for various exchange ratios (XRs) and line charts showing projected accretion/dilution trends.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de50f-4151-71fc-831a-8b7d1b63bc9a/39",
  "deckHref": "/decks/019de50f-4151-71fc-831a-8b7d1b63bc9a",
  "deckJsonHref": "/decks/019de50f-4151-71fc-831a-8b7d1b63bc9a.json",
  "deckAnchorHref": "/decks/019de50f-4151-71fc-831a-8b7d1b63bc9a#slide-39",
  "components": [
    {
      "bbox": {
        "h": 0.25,
        "w": 0.45,
        "x": 0.52,
        "y": 0.13
      },
      "kind": "chart",
      "text": "AMGP Accretion / (Dilution) - %",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "76b1dc49-3080-4ed0-8c10-8692b1cc89f4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.45,
        "x": 0.05,
        "y": 0.13
      },
      "kind": "chart",
      "text": "AM Accretion / (Dilution) - %",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "861cdac4-fe5d-4e1c-b56d-6aea0b015083",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.5,
        "x": 0.05,
        "y": 0.08
      },
      "kind": "paragraph",
      "text": "Pre - Unitholder Tax | AM & AMGP | AR Downside Volumes Case",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5e2285ce-27a3-4ff1-a8c0-b1b205b188b4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.7,
        "x": 0.05,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "Source: Management projections and FactSet as of 8/21/2018. Note: 1.775x represents implied XR at 1.620x equity XR and cash consideration of $3.00 / unit. Cash assumed to be used to purchase additional secondary shares.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e307b4d9-b64d-41d4-be60-ae4b1cb6a852",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.45,
        "x": 0.52,
        "y": 0.55
      },
      "kind": "table",
      "text": "Accretion / (Dilution) Analysis at Various XRs (AMGP)",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3da28811-9780-478a-aa25-69384843c3d8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.45,
        "x": 0.05,
        "y": 0.55
      },
      "kind": "table",
      "text": "Accretion / (Dilution) Analysis at Various XRs (AM)",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ddd94fed-3430-46ed-9e36-c21779f688bd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.6,
        "x": 0.05,
        "y": 0.03
      },
      "kind": "title",
      "text": "Distributable Cash Flow Accretion / (Dilution)",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4706fa75-a8b1-4a53-b725-9d17b69aae0f",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "60144cc9-dce5-4f52-b51c-403cdddafaa2",
      "evidence": "chart/line: AMGP Accretion / (Dilution) - % chart/line: AM Accretion / (Dilution) - %",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 40,
      "from": 26,
      "beatId": "82883309-6f35-4453-8104-66c3549885ce",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Solution & Approach",
      "beatSlug": "consultants-gambit-solution-approach",
      "evidence": "Analysis of Transaction, Pro Forma Impact",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [
    {
      "to": 40,
      "from": 26,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "df7cc5a3-0f65-4add-828d-4c548fa4384c",
      "evidence": "Analysis of Transaction",
      "position": 1,
      "objective": "Highlight need for transaction",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.7,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}