{
  "docId": "019dd923-5e88-73ef-bd59-526d2d8b6643",
  "docSlug": "0f7bccc0655c7e50",
  "documentTitle": "2023 MS Conference Presentation",
  "authorId": "MorganStanley",
  "authorName": "Fifth Third Bancorp",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.778,
  "pageNumber": 21,
  "pageCount": 30,
  "prevPage": 20,
  "nextPage": 22,
  "slideType": "financial_analysis",
  "function": "quantify_impact",
  "density": "dense",
  "nDataPoints": 42,
  "notes": "The chart uses a broken axis between 1Q25 and 1Q30. The bottom section includes a summary callout regarding swap protection extension.",
  "elementsJson": [
    "bar_chart_stacked",
    "callout_box",
    "data_table",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd59-526d2d8b6643/21",
  "deckHref": "/decks/019dd923-5e88-73ef-bd59-526d2d8b6643",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd59-526d2d8b6643.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd59-526d2d8b6643#slide-21",
  "components": [
    {
      "bbox": {
        "h": 0.12,
        "w": 0.67,
        "x": 0.165,
        "y": 0.785
      },
      "kind": "callout",
      "text": "Swap protection extends through 2031 ~ $125MM uplift starting in 2025 regardless of rate environment",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b0bacf40-2faf-404c-8b66-e29a47419926",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.88,
        "x": 0.078,
        "y": 0.25
      },
      "kind": "chart",
      "text": "EOP notional value of cash flow hedges ($ in billions)",
      "attrs": null,
      "subkind": "bar-stacked",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f99d291d-4971-4a58-a581-6295c95ef8dc",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.7,
        "x": 0.175,
        "y": 0.95
      },
      "kind": "disclaimer",
      "text": "Represents forward looking statement... $3BN floors mature on 12/16/2024.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8cd7f0ca-7905-49f4-8a2b-a49c3f58acb9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.52,
        "x": 0.26,
        "y": 0.205
      },
      "kind": "legend",
      "text": "Floors ($3BN @ 2.25% 1-month LIBOR strike) | Forward starting swaps | Existing swaps",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1755be80-1334-4231-a533-56ad6a01cef0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "EOP notional value: $15",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-2e3a-7040-97e5-8c45a4358253",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.96,
        "x": 0.02,
        "y": 0.71
      },
      "kind": "table",
      "text": "weighted average receive fix rate (swaps only) 2.37% ... 3.44%",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "45c1fb37-595f-4ca5-ab6b-bd51a9276b44",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.028,
        "w": 0.375,
        "x": 0.038,
        "y": 0.125
      },
      "kind": "title",
      "text": "Cash flow hedges continue to protect NIM",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4948a9be-e5d2-40ed-832c-e328d648b0f9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.065,
        "w": 0.304,
        "x": 0.038,
        "y": 0.048
      },
      "kind": "title",
      "text": "Cash flow hedges",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c50891d2-8f80-4f4e-92af-9bfb50bc4e5a",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 30,
      "from": 21,
      "beatId": "0dd9cede-f1f1-48c7-a2cd-3919c9634625",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Financials",
      "beatSlug": "sequoia-pitch-financials",
      "evidence": "The document presents various financial metrics and data tables.",
      "position": 4,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [
    {
      "to": 30,
      "from": 21,
      "name": "Mece Breakdown",
      "slug": "40-mece-breakdown",
      "bestFor": "Problem structuring, ensuring completeness, strategic analysis",
      "matchId": "c7d8a012-2e06-4317-a471-38f6e7b77b92",
      "evidence": "The document presents a detailed breakdown of its financial metrics and data tables.",
      "position": 2,
      "objective": "How does Fifth Third Bancorp's financial performance break down?",
      "structure": "The Whole -> Category A (distinct) -> Category B (distinct) -> Category C (distinct) -> Complete Coverage",
      "confidence": 0.7,
      "description": "Divide a complex topic into mutually exclusive, collectively exhaustive categories"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}