Contra both phenomenalists and anti-phenomenalists, I defend the following thesis in this paper: the epistemic power of perceptual experience is grounded in its presentational property that is (i) uniquely possessed by the experience in the good case and (ii) essentially a phenomenal property. In §2, I set the ground for my argument by elaborating on the phenomenalist account of presentational phenomenology. In §3, I argue (against phenomenalism) for the first part of the phenomenal presentation thesis: (i) perceptual experience’s epistemic power (...) is grounded in instances of a presentational property possessed by perceptual experience in the good, but not in the bad case. In §4, I argue (against anti-phenomenalists) for the second part of the phenomenal presentation thesis: (ii) presentational property is essentially a phenomenal property. In §5, I address some potential objections to the phenomenal presentation thesis. §6 concludes. (shrink)