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  "documentTitle": "J.P.Morgan | Investment Banking Pitch Book | 21 slides",
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  "authorName": "J.P. Morgan",
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  "presentationDate": "2019-04-01 00:00:00",
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  "pageNumber": 15,
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  "density": "balanced",
  "nDataPoints": 45,
  "notes": "The slide uses a waterfall chart to bridge business unit valuations to consolidated equity value.",
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      "text": "Source: UGI projections as provided and approved by UGI management. Note: Projections based on 09/30 fiscal year end; FactSet as of 03/29/19; Assumes net debt of $4,369mm; Assumes ~178mm diluted shares outstanding based on treasury stock method.",
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