{
  "docId": "019de50f-4ef5-74bb-910e-36272fea7119",
  "docSlug": "4525ec1dd4396cc402606d3a701ec5a7",
  "documentTitle": "Antero Midstream Partners | Investor Presentation Deck | 54 slides",
  "authorId": "antero-midstream-partners",
  "authorName": "Antero Midstream",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2019-02-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3314841,
  "pageNumber": 12,
  "pageCount": 54,
  "prevPage": 11,
  "nextPage": 13,
  "slideType": "business_model",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 6,
  "notes": "The chart uses an area-stacked visualization to show the gap between DCF and Capex.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de50f-4ef5-74bb-910e-36272fea7119/12",
  "deckHref": "/decks/019de50f-4ef5-74bb-910e-36272fea7119",
  "deckJsonHref": "/decks/019de50f-4ef5-74bb-910e-36272fea7119.json",
  "deckAnchorHref": "/decks/019de50f-4ef5-74bb-910e-36272fea7119#slide-12",
  "components": [
    {
      "bbox": {
        "h": 0.65,
        "w": 0.9,
        "x": 0.05,
        "y": 0.2
      },
      "kind": "chart",
      "text": "Distributable Cash Flow vs. Growth Capex ($MM)",
      "attrs": null,
      "subkind": "area-stacked",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9b0c720d-f626-4ffa-b8c6-e49035c56a2f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.3,
        "x": 0.55,
        "y": 0.45
      },
      "kind": "list",
      "text": "Excess DCF available for: Dividend growth, Share repurchases, Deleveraging and capital retention, Organic growth capex",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7be06e09-c472-4e42-9a97-92efa8f5bf6b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.9,
        "x": 0.05,
        "y": 0.9
      },
      "kind": "source-note",
      "text": "Note: Distributable Cash Flow is a Non-GAAP measures. For additional information regarding these measures, please see appendix. Dividends and DCF targets pro forma for simplification transaction expected to close in March 2019. 1. Growth capex based on FactSet consensus estimates as of 2/1/2019.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "03b33753-0592-4e1b-a29e-e4c36ddf9f6e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.9,
        "x": 0.05,
        "y": 0.08
      },
      "kind": "title",
      "text": "Antero Midstream’s distributable cash flow growth, self-funding business model, and leverage profile supports an increase in return of capital to shareholders",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "01bb50f4-b920-4686-a113-77db0f289b8f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.8,
        "x": 0.05,
        "y": 0.02
      },
      "kind": "title",
      "text": "DCF Profile Supports Growing Return of Capital",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "adce9711-cbfe-43b2-8e9d-037196dda394",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "0462a5e1-ae5f-4a2c-9ea2-92ed0271fe54",
      "evidence": "Distributable Cash Flow vs. Growth Capex ($MM)",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 13,
      "from": 12,
      "beatId": "20b4f79c-fb91-4a87-9804-b284b9eff8d1",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Business Model",
      "beatSlug": "sequoia-pitch-business-model",
      "evidence": "The document presents Antero Midstream's business model and financial performance.",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}