{
  "docId": "019de070-34f4-70b9-905c-e58248096979",
  "docSlug": "dba13a6863d57c3b35850eae4170f7ac",
  "documentTitle": "Pathward Financial | Results Presentation Deck | 26 slides",
  "authorId": "pathward-financial",
  "authorName": "Meta Financial Group",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2020-07-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 23,
  "pageCount": 26,
  "prevPage": 22,
  "nextPage": 24,
  "slideType": "appendix_data",
  "function": "analyze_data",
  "density": "overcrowded",
  "nDataPoints": 7,
  "notes": "The slide illustrates a 'first out' waterfall structure for asset-backed lines of credit.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de070-34f4-70b9-905c-e58248096979/23",
  "deckHref": "/decks/019de070-34f4-70b9-905c-e58248096979",
  "deckJsonHref": "/decks/019de070-34f4-70b9-905c-e58248096979.json",
  "deckAnchorHref": "/decks/019de070-34f4-70b9-905c-e58248096979#slide-23",
  "components": [
    {
      "bbox": {
        "h": 0.25,
        "w": 0.48,
        "x": 0.02,
        "y": 0.62
      },
      "kind": "callout",
      "text": "EXAMPLE: In the example $100M scenario, all cash flows of the outstanding facility are used to pay the First Out Tranche’s (i.e. – Meta’s) outstanding principal and interest. The First Out’s position must be paid down in full prior to the junior and equity tranches receiving any cash flow.",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6f483608-f673-4095-95f5-84fc84f5c343",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.75,
        "w": 0.35,
        "x": 0.61,
        "y": 0.12
      },
      "kind": "diagram",
      "text": "Waterfall diagram showing flow from All Loan/Collateral Cash Flows -> Admin Fees -> First-Out Tranche -> Junior Tranche -> Equity Tranche",
      "attrs": null,
      "subkind": "process",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "80f136c6-f03b-4fae-ba51-fa08897da423",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.18,
        "w": 0.48,
        "x": 0.02,
        "y": 0.36
      },
      "kind": "list",
      "text": "Agreements trigger waterfall protection for the “First Out” participant: The waterfall could be “triggered” due to items such as: collateral underperformance, collateral days past due, covenant breaches, concentration limit breaches, missed payments, regulatory events, material adverse effects, etc.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6011f86e-08d9-4c48-842a-efdabd3d253a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.48,
        "x": 0.02,
        "y": 0.19
      },
      "kind": "paragraph",
      "text": "Asset-backed warehouse lines of credit used to support strategic initiatives. Lines are primarily secured by consumer receivables, whereby Meta is in a senior, secured position as the first out participant. Have never had a charge off or loss.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5367f542-0c1b-46b5-8f70-2d6326c89da3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.5,
        "x": 0.02,
        "y": 0.94
      },
      "kind": "source-note",
      "text": "Total includes total gross loans & leases of $3.50 billion and rental equipment, net of $216.3M, as of June 30, 2020",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b32d05b7-b9e6-4d83-9f73-78e2bfa97569",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.48,
        "x": 0.02,
        "y": 0.13
      },
      "kind": "table",
      "text": "Total Exposure $277.6 million; % of Total 7.5%",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "75b4cccf-b099-4a28-bb2a-33843f5541a8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.3,
        "x": 0.02,
        "y": 0.07
      },
      "kind": "title",
      "text": "Warehouse Finance",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "74ce4564-f13a-4c94-8f53-ca40b8efec13",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "0b291daa-62f3-49d6-a276-da53d8398c32",
      "evidence": "The slide features a waterfall diagram showing the flow of cash flows from 'All Loan/Collateral Cash Flows' to different tranches.",
      "confidence": 0.9
    }
  ],
  "frameworks": [
    {
      "name": "waterfall-bridge",
      "slug": null,
      "matchId": "bff9f676-fae8-4a74-899d-8e4592ad85e2",
      "evidence": "The diagram depicts a hierarchical payment structure (waterfall) for debt tranches.",
      "confidence": 0.95
    }
  ],
  "arcBeats": [
    {
      "to": 26,
      "from": 21,
      "beatId": "db5d1fd4-047e-4c25-8b4f-711126705b5c",
      "arcName": "AIDA",
      "arcSlug": "aida",
      "beatName": "Action",
      "beatSlug": "aida-action",
      "evidence": "The presentation concludes with long-term strategy and key takeaways, encouraging action from the audience.",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}