Antero Midstream Partners Investor Presentation Deck
Millions
Oil and Gas Price
Assumptions
0
Long-Term Outlook - New AM
Based on AR's flexible long-term outlook, AM is targeting an 18% - 25%
distributable cash flow (DCF) CAGR from 2020 to 2022
New AM Distributable Cash Flow Growth Scenarios (2020-2022)
$1,600
$1,400
$1,200
$1,000
$800
$600
$400
$200
$0
$65/
$3.15
2019 Guidance¹)
25% Distributable Cash
Flow CAGR
$50/ 18% Distributable Cash
$2.85
Flow CAGR
25% DCF CAGR ($65 Oil / $3.15 Gas)
2020E
18% DCF CAGR ($50 Oil / $2.85 Gas)
2021E
Declining Leverage
Profile to low to mid 2x
Declining Leverage
Profile to low to mid 2x
Note: Distributable cash flow is a non-GAAP metric-see appendix for details. DCF CAGR ranges apply to midpoint of 2019 production guidance.
1) Based on the midpoint of 2019 distributable cash flow guidance.
2022E
Supports Previously
Communicated Dividend
Growth Targets
Supports Previously
Communicated Dividend
Growth Targets
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