{
  "docId": "019de50f-4b4f-74b6-941f-a51bf52e330e",
  "docSlug": "0a53f8810f1fd63c3aa9c3c8ac4eab4e",
  "documentTitle": "Tudor, Pickering, Holt & Co | Investment Banking Pitch Book | 78 slides",
  "authorId": "tudor-pickering-holt-co",
  "authorName": "Tudor, Pickering, Holt & Co",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2019-01-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3314841,
  "pageNumber": 25,
  "pageCount": 78,
  "prevPage": 24,
  "nextPage": 26,
  "slideType": "financial_analysis",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 48,
  "notes": "Includes sensitivity tables for discount rates vs multiples/yields and detailed DCF/distribution calculations.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de50f-4b4f-74b6-941f-a51bf52e330e/25",
  "deckHref": "/decks/019de50f-4b4f-74b6-941f-a51bf52e330e",
  "deckJsonHref": "/decks/019de50f-4b4f-74b6-941f-a51bf52e330e.json",
  "deckAnchorHref": "/decks/019de50f-4b4f-74b6-941f-a51bf52e330e#slide-25",
  "components": [
    {
      "bbox": {
        "h": 0.04,
        "w": 0.18,
        "x": 0.8,
        "y": 0.02
      },
      "kind": "callout",
      "text": "PRELIMINARY & CONFIDENTIAL",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "518572e4-d246-4d21-9f4b-4258cdac7c34",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.9,
        "x": 0.04,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "Source: Management projections and FactSet as of 1/2/2019. (1) AMGP discounted DCF defined as HoldCo DCF with Series B payments added back in. Discounted cost of equity at 10.0%. (2) Adj. GP distribution per share calculated as (AMGP DCF + Series B payment added back) / (fully diluted AMGP shares outstanding + 17.354mm converted Series B units).",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7016187d-cc1b-4174-85bd-c29d94154f4d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.4,
        "x": 0.04,
        "y": 0.07
      },
      "kind": "subtitle",
      "text": "AMGP with Series B Value Conversion | Valuation Effective Date: 12/31/2018",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0e6ec509-80af-49d7-b24a-6681127dab56",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.42,
        "x": 0.52,
        "y": 0.53
      },
      "kind": "table",
      "text": "Supplemental Calculation Detail for Distribution",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a586df47-e1a0-41a4-bae3-1c5f05804aa1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.42,
        "x": 0.04,
        "y": 0.53
      },
      "kind": "table",
      "text": "Supplemental Calculation Detail for DCF",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c3e9dff3-abd1-4339-b536-bbfc1a53c9f2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.42,
        "x": 0.52,
        "y": 0.23
      },
      "kind": "table",
      "text": "Sensitivity table for Discounted Distribution Analysis",
      "attrs": null,
      "subkind": "valuation",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3167738b-1317-4b72-a46e-63aad0cdfd89",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.42,
        "x": 0.04,
        "y": 0.23
      },
      "kind": "table",
      "text": "Sensitivity table for Discounted Levered DCF",
      "attrs": null,
      "subkind": "valuation",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "70cae58c-3e92-4637-80b8-9af39ebb2f69",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.5,
        "x": 0.04,
        "y": 0.03
      },
      "kind": "title",
      "text": "AMGP DCF Analysis | AR Upside Volumes Case",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5203eead-d791-4b78-b8da-89365b98001d",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Valuation: DCF",
      "slug": "dcf",
      "agent": "architect",
      "layer": "slide",
      "matchId": "35d2fddc-8f5d-4dd5-927d-c495ecd6a4c8",
      "evidence": "AMGP DCF Analysis | AR Upside Volumes Case",
      "confidence": 0.9
    }
  ],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}