{
  "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": 50,
  "pageCount": 116,
  "prevPage": 49,
  "nextPage": 51,
  "slideType": "financial_analysis",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 48,
  "notes": "The slide uses a 2x2 matrix structure to compare four distinct financial scenarios. Each quadrant contains a line chart showing valuation trends over 2019E-2021E.",
  "elementsJson": null,
  "metadataConfidence": 0.95,
  "imagePath": null,
  "slideHref": "/slides/019de50f-4151-71fc-831a-8b7d1b63bc9a/50",
  "deckHref": "/decks/019de50f-4151-71fc-831a-8b7d1b63bc9a",
  "deckJsonHref": "/decks/019de50f-4151-71fc-831a-8b7d1b63bc9a.json",
  "deckAnchorHref": "/decks/019de50f-4151-71fc-831a-8b7d1b63bc9a#slide-50",
  "components": [
    {
      "bbox": {
        "h": 0.3,
        "w": 0.4,
        "x": 0.55,
        "y": 0.15
      },
      "kind": "chart",
      "text": "PF AMGP | AR Base Case",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "22b8add3-f2d9-4fc6-801d-0f0483d75b02",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.4,
        "x": 0.05,
        "y": 0.15
      },
      "kind": "chart",
      "text": "SQ AMGP | AR Base Case",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "639ab74e-de01-4f88-a606-64204e9a1303",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.4,
        "x": 0.55,
        "y": 0.55
      },
      "kind": "chart",
      "text": "PF AMGP | AR Downside Volumes Case",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b54a8fa6-b89c-41cc-872c-8689f854b430",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.4,
        "x": 0.05,
        "y": 0.55
      },
      "kind": "chart",
      "text": "SQ AMGP | AR Downside Volumes Case",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fc28a627-2216-4c10-8d2e-99c247545120",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.6,
        "x": 0.05,
        "y": 0.08
      },
      "kind": "paragraph",
      "text": "Pre - Unitholder Tax | SQ AMGP & PF AMGP | AR Base Case & AR Downside Volumes Case",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5108c984-75cb-44dd-9154-b60cef8fccb7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.3,
        "x": 0.05,
        "y": 0.96
      },
      "kind": "source-note",
      "text": "Source: Management projections and FactSet as of 8/21/2018. Note: Valuation based on annual distributions.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6855a5f0-06d5-4c5a-9a81-1eafa36b3046",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.5,
        "x": 0.05,
        "y": 0.88
      },
      "kind": "table",
      "text": "Assumptions: Management projections | Valuation date as of 6/30/18; Future share price calculated at FY1 distributions divided by yield; Discounted to 6/30/18 at 10% cost of equity; Interim distributions discounted upon receipt to 6/30/18",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9f2a2844-d326-4ef4-9169-4042f3a004fa",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.5,
        "x": 0.05,
        "y": 0.03
      },
      "kind": "title",
      "text": "Illustrative Discounted Future Value",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b32f3d7a-8822-4522-a484-14bbfffec249",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Table data",
      "slug": "table-data",
      "agent": null,
      "layer": "slide",
      "matchId": "235aee80-95bb-4930-874e-a16c6fe27e20",
      "evidence": "The slide contains a table with data, specifically 'Assumptions: Management projections | Valuation date as of 6/30/18; Future share price calculated at FY1 distributions divided by yield; Discounted to 6/30/18 at 10% cost of equity; Interim distributions disc'.",
      "confidence": 0.9
    }
  ],
  "frameworks": [
    {
      "name": "matrix-2x2",
      "slug": null,
      "matchId": "f6ad78b6-dd40-4322-aa7f-d73def085a4c",
      "evidence": "The slide is organized into a 2x2 grid comparing two entities (SQ AMGP, PF AMGP) across two scenarios (Base Case, Downside Volumes Case).",
      "confidence": 0.9
    }
  ],
  "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
}