{
  "docId": "019de070-7779-7345-826c-47284ce4eff0",
  "docSlug": "def5240aecee4159006fae0f466970c0",
  "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": "2020-11-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 24,
  "pageCount": 26,
  "prevPage": 23,
  "nextPage": 25,
  "slideType": "sop_buildup",
  "function": "present_framework",
  "density": "overcrowded",
  "nDataPoints": 2,
  "notes": "The slide uses a waterfall diagram to explain the cash flow priority and risk protection mechanisms for Meta's consumer credit programs.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de070-7779-7345-826c-47284ce4eff0/24",
  "deckHref": "/decks/019de070-7779-7345-826c-47284ce4eff0",
  "deckJsonHref": "/decks/019de070-7779-7345-826c-47284ce4eff0.json",
  "deckAnchorHref": "/decks/019de070-7779-7345-826c-47284ce4eff0#slide-24",
  "components": [
    {
      "bbox": {
        "h": 0.85,
        "w": 0.4,
        "x": 0.55,
        "y": 0.08
      },
      "kind": "diagram",
      "text": "Waterfall diagram showing flow from Consumer Payments to Collection Account, then to Principal Repayment, Losses, Servicing, Interest Return, Escrow Reserve, and Conditional Release.",
      "attrs": null,
      "subkind": "process",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "76f2f3d8-bc42-4527-85d4-5cc754cb4752",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.42,
        "x": 0.08,
        "y": 0.41
      },
      "kind": "list",
      "text": "Covers principal losses and Meta’s required rate of interest. Structure provides for a build up of excess spread. Structure provides for ALLL on a portfolio basis. Excess spread in escrow released conditionally. Escrow balance has increased.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7548f500-f395-4982-ac97-daafca04c9b8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.45,
        "x": 0.05,
        "y": 0.29
      },
      "kind": "list",
      "text": "Agreements typically provide for “excess spread” build-up and protection through a priority of payment within a waterfall. Consumer interest rate and fees flow through a waterfall.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "90c54041-d921-496a-acd1-e81f6f2629f0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.45,
        "x": 0.05,
        "y": 0.18
      },
      "kind": "paragraph",
      "text": "Consumer credit programs offer Meta a risk adjusted return, protected by certain layers of credit support and balance sheet flexibility. Programs are offered to strategic partners with payments distribution potential.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fac464c7-a919-4bc2-aa24-5c79bbad63fe",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.6,
        "x": 0.05,
        "y": 0.94
      },
      "kind": "source-note",
      "text": "Total includes total gross loans & leases of $3.52 billion and rental equipment, net of $206.0M, as of September 30, 2020",
      "attrs": {
        "numbered": true
      },
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "96dd15d8-7dc3-48db-9937-16e128a1ce7c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.45,
        "x": 0.05,
        "y": 0.12
      },
      "kind": "table",
      "text": "Total Exposure $89.8 million % of Total 2.6%",
      "attrs": null,
      "subkind": "kpi",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "61bd134d-45b6-43c9-a35f-4d4cf08dfadb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.45,
        "x": 0.05,
        "y": 0.06
      },
      "kind": "title",
      "text": "CONSUMER CREDIT PROGRAMS",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8d2cf70d-704d-44f3-934e-f02bf10c871a",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "1ab2abe9-5db1-4775-8c24-d437357a5b8a",
      "evidence": "The slide contains a 'Waterfall diagram' showing a flow from Consumer Payments to Collection Account.",
      "confidence": 0.9
    }
  ],
  "frameworks": [
    {
      "name": "waterfall-diagram",
      "slug": null,
      "matchId": "47a10280-9284-4c89-9930-983ef19e6798",
      "evidence": "The slide explicitly describes and illustrates a payment waterfall structure.",
      "confidence": 1
    }
  ],
  "arcBeats": [
    {
      "to": 26,
      "from": 20,
      "beatId": "e6802564-584a-4d50-9232-868c7cdf3ed4",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Financials",
      "beatSlug": "sequoia-pitch-financials",
      "evidence": "The presentation provides financial highlights and reconciliations.",
      "position": 4,
      "confidence": 0.7,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}