{
  "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": 46,
  "pageCount": 116,
  "prevPage": 45,
  "nextPage": 47,
  "slideType": "financial_analysis",
  "function": "analyze_data",
  "density": "balanced",
  "nDataPoints": 63,
  "notes": "The slide presents sensitivity tables for valuation metrics across different discount rates and multiples/yields.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de50f-4151-71fc-831a-8b7d1b63bc9a/46",
  "deckHref": "/decks/019de50f-4151-71fc-831a-8b7d1b63bc9a",
  "deckJsonHref": "/decks/019de50f-4151-71fc-831a-8b7d1b63bc9a.json",
  "deckAnchorHref": "/decks/019de50f-4151-71fc-831a-8b7d1b63bc9a#slide-46",
  "components": [
    {
      "bbox": {
        "h": 0.04,
        "w": 0.18,
        "x": 0.8,
        "y": 0.02
      },
      "kind": "disclaimer",
      "text": "CONFIDENTIAL DRAFT SUBJECT TO CHANGE",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "51fd7691-7486-4fa6-a1fc-6b5cefadd23b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.07,
        "w": 0.6,
        "x": 0.05,
        "y": 0.92
      },
      "kind": "source-note",
      "text": "Source: Management projections and FactSet as of 8/21/2018. (1) Implied XR at 1.620x equity XR and cash consideration of $3.00 / unit. (2) Unlevered free cash flow defined as PF AMGP EBITDA less cash taxes and capital expenditures.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "41e60cf0-aeaa-472e-9210-84149cefe615",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.7,
        "w": 0.45,
        "x": 0.52,
        "y": 0.14
      },
      "kind": "table",
      "text": "XR Adjusted PF AMGP Implied Share Price sensitivity tables",
      "attrs": null,
      "subkind": "valuation",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8884d670-0d52-4f6d-8965-d142411a9989",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.4,
        "w": 0.45,
        "x": 0.05,
        "y": 0.14
      },
      "kind": "table",
      "text": "Stand Alone AM Implied Unit Price sensitivity tables",
      "attrs": null,
      "subkind": "valuation",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b5c0fddb-d3ab-44d9-8c7b-1678ee4c8c18",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.6,
        "x": 0.05,
        "y": 0.03
      },
      "kind": "title",
      "text": "Has / Gets Analysis | AR Downside Volumes Case",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "48b7e075-ce4f-43e0-bf7b-285e204a9a5b",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "sensitivity-analysis",
      "slug": null,
      "matchId": "baf296f9-a2da-43e0-86c6-9346079e613e",
      "evidence": "Multiple sensitivity tables showing impact of varying discount rates and multiples/yields on valuation.",
      "confidence": 1
    }
  ],
  "arcBeats": [
    {
      "to": 80,
      "from": 41,
      "beatId": "15261a77-4c4c-404c-a3e3-0d62a92d2203",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Evidence & Proof",
      "beatSlug": "consultants-gambit-evidence-proof",
      "evidence": "Financial analysis, precedent transactions",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}