Baird Investment Banking Pitch Book

PROCESS UPDATE Process updates since March 22 kick-off meeting 1 Accessed and reviewed the online data room established by Antero. Data room includes: Intercompany agreements Structural steps memo for AMGP acquisition of AM - - AR stand-alone forecast AM / AMGP stand-alone forecast Summary of AMGP-AM merger model - Confidential 2 Initiated interaction with Antero on follow-up model questions and additional data and diligence requests 3 Initiated analytical modeling and valuation analyses Project Bronco BAIRD Page 2

View entire presentation