{
  "docId": "019de50f-4c54-7197-aa56-5a04370a8d22",
  "docSlug": "77ca94e2aafb9f5129eb65f3a51d7e44",
  "documentTitle": "Tudor, Pickering, Holt & Co | Investment Banking Pitch Book | 75 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": 13,
  "pageCount": 75,
  "prevPage": 12,
  "nextPage": 14,
  "slideType": "financial_analysis",
  "function": "analyze_data",
  "density": "balanced",
  "nDataPoints": 48,
  "notes": "Valuation Effective Date: 12/31/2018. Source: Management projections and FactSet as of 1/4/2019.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de50f-4c54-7197-aa56-5a04370a8d22/13",
  "deckHref": "/decks/019de50f-4c54-7197-aa56-5a04370a8d22",
  "deckJsonHref": "/decks/019de50f-4c54-7197-aa56-5a04370a8d22.json",
  "deckAnchorHref": "/decks/019de50f-4c54-7197-aa56-5a04370a8d22#slide-13",
  "components": [
    {
      "bbox": {
        "h": 0.3,
        "w": 0.4,
        "x": 0.05,
        "y": 0.225
      },
      "kind": "chart",
      "text": "Discounted Levered DCF Analysis Sensitivity Table",
      "attrs": null,
      "subkind": "heatmap",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "cba6c957-b31c-4303-b380-46153298cbeb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.4,
        "x": 0.55,
        "y": 0.225
      },
      "kind": "chart",
      "text": "Discounted Distribution Analysis Sensitivity Table",
      "attrs": null,
      "subkind": "heatmap",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ea40233b-ba95-45ec-adec-3121f877be1e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.25,
        "x": 0.02,
        "y": 0.97
      },
      "kind": "source-note",
      "text": "Source: Management projections and FactSet as of 1/4/2019.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1190da85-2357-4f06-afbf-5f213d0bd184",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.4,
        "x": 0.05,
        "y": 0.55
      },
      "kind": "table",
      "text": "Discounted Levered DCF Analysis Supplemental Calculation Detail",
      "attrs": null,
      "subkind": "valuation",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "209ca1e7-c6cc-4dd2-a522-59eb39b83428",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.4,
        "x": 0.55,
        "y": 0.55
      },
      "kind": "table",
      "text": "Discounted Distribution Analysis Supplemental Calculation Detail",
      "attrs": null,
      "subkind": "valuation",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e4fb845c-3936-4922-bd61-ffdd6419199d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.6,
        "x": 0.05,
        "y": 0.03
      },
      "kind": "title",
      "text": "AM DCF Analysis | AR Downside Volumes Case",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "882f5fff-4e5a-4d47-b5c0-ed00aeb705ec",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "sensitivity_analysis",
      "slug": null,
      "matchId": "5209e947-b580-4507-af62-ecc3fa696d99",
      "evidence": "Sensitivity tables for DCF and Distribution analysis",
      "confidence": 1
    }
  ],
  "arcBeats": [
    {
      "to": 16,
      "from": 8,
      "beatId": "be9ee97a-aaab-4ae0-8f0c-f1eef8f00ff7",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Problem & Complication",
      "beatSlug": "consultants-gambit-problem-complication",
      "evidence": "The document presents a detailed financial analysis of Antero Midstream and Antero GP",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
    }
  ],
  "loops": [
    {
      "to": 16,
      "from": 8,
      "name": "Logic Chain",
      "slug": "01-logic-chain",
      "bestFor": "Skeptical audiences, controversial recommendations, rigorous analysis",
      "matchId": "23207ae9-f5b8-42bf-806f-3720adac8843",
      "evidence": "The document presents a logical chain of financial analysis and conclusions",
      "position": 0,
      "objective": "Understand the financial analysis and implications of the proposed transaction",
      "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... (Inevitable conclusion)",
      "confidence": 0.7,
      "description": "Build an airtight chain of logic where each premise leads inevitably to the conclusion"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}