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  "documentTitle": "Tudor, Pickering, Holt &amp; Co | Investment Banking Pitch Book | 12 slides",
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  "presentationDate": "2019-01-01 00:00:00",
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  "notes": "The slide presents six distinct financial projection charts comparing status quo vs. pro forma distributions and coverage ratios.",
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      "text": "CONFIDENTIAL",
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      "text": "Six line charts showing accretion/dilution percentages over time (2019E-2022E) for AM and AMGP under three scenarios.",
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      "text": "AM & AMGP | For Average AM Unit Holder at Transaction",
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      "text": "Source: Management projections and FactSet as of 1/4/2019. Note: AMGP accretion / (dilution) based on SQ AM Management Coverage. After-tax distributions from entity less attributable qualified dividends and gains on capital taxes. Note: 1.8616x represents implied XR at 1.6350x equity XR; cash used to pay taxes, with any excess cash assumed to be used to purchase additional secondary shares.",
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      "text": "Data tables below each chart showing Status Quo, Pro Forma, and Coverage ratios.",
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      "text": "After-Tax Distribution Accretion / (Dilution)",
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