{
  "docId": "019de511-f03b-739b-bef7-8edb4ba21ca0",
  "docSlug": "b1bfbba58bafafda5eb89119fe23f3ec",
  "documentTitle": "Ready Capital | Mergers and Acquisitions Presentation Deck | 20 slides",
  "authorId": "ready-capital",
  "authorName": "Ready Capital",
  "documentKindSlug": "deck",
  "documentKindLabel": "Deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2021-11-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2938006,
  "pageNumber": 16,
  "pageCount": 20,
  "prevPage": 15,
  "nextPage": 17,
  "slideType": "executive_summary",
  "function": "summarize",
  "density": "overcrowded",
  "nDataPoints": 10,
  "notes": "The slide uses a comparison table to detail the four business segments: SBC Loan Originations, Mosaic, Small Business Lending, and Residential Mortgage Banking.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de511-f03b-739b-bef7-8edb4ba21ca0/16",
  "deckHref": "/decks/019de511-f03b-739b-bef7-8edb4ba21ca0",
  "deckJsonHref": "/decks/019de511-f03b-739b-bef7-8edb4ba21ca0.json",
  "deckAnchorHref": "/decks/019de511-f03b-739b-bef7-8edb4ba21ca0#slide-16",
  "components": [
    {
      "bbox": {
        "h": 0.04,
        "w": 0.92,
        "x": 0.04,
        "y": 0.95
      },
      "kind": "disclaimer",
      "text": "(1) As of November 3, 2021 and calculated based on illustrative pro-forma shares of 101.730 million; (2) Inclusive of preferred stock and pro-forma based on June 30, 2021 stockholders' equity balances; (3) Excludes Paycheck Protection Program loans; (4) Portfolio Size as of June 30, 2021 and represents unpaid principal balance for SBC Loan Originations, Small Business Lending, and Residential Mortgage Banking businesses. Residential Mortgage Banking portfolio size includes servicing portfolio. Mosaic portfolio as of June 30, 2021 and represents funded loan balance",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "84e61b54-2e97-41cf-94e3-eff188864cb1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.92,
        "x": 0.04,
        "y": 0.34
      },
      "kind": "list",
      "text": "Continue to operate as largest non-bank lender to both investors and owners of SBC properties with pro-forma market capitalization over $1.6 billion (1)",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "487421f4-0037-41cf-9019-5c3469c812b7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.92,
        "x": 0.04,
        "y": 0.24
      },
      "kind": "list",
      "text": "The combined company will have the ability to provide capital solutions across the full life cycle of commercial real estate investing",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "52708fce-c2c6-48a4-8e95-aadd0972df36",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.92,
        "x": 0.04,
        "y": 0.39
      },
      "kind": "list",
      "text": "All-weather investment strategy as a direct lender and acquirer of bulk portfolios, including distressed",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7d592d8e-44d9-4b27-a64a-6eb0e0c207c3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.92,
        "x": 0.04,
        "y": 0.15
      },
      "kind": "list",
      "text": "The combination of Ready Capital and Mosaic would position the combined company as the 7th largest commercial mortgage REIT and establishes a unique platform poised for long-term, organic growth across diversified origination channels",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "aa17a913-0c6f-4b6e-882e-157140011e97",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.92,
        "x": 0.04,
        "y": 0.28
      },
      "kind": "list",
      "text": "The combined company will continue to have three diverse segments and Ready Capital will continue to allocate capital opportunistically to the highest ROE businesses across the economic cycle",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "afb5534c-5caa-421f-b1e9-5d64154cc452",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.92,
        "x": 0.04,
        "y": 0.43
      },
      "kind": "list",
      "text": "$1.7 billion (2) equity capital supporting $6.3 billion (3) portfolio of over 5,700 loans diversified across 50 states & Europe with 99% senior lien",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fa7d9199-b4b0-4d64-bcf5-de8fe4012758",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.92,
        "x": 0.04,
        "y": 0.47
      },
      "kind": "table",
      "text": "Comparison table of business segments across Products, Strategy, Portfolio Size, and Targeted Return.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2f031b44-b350-4bbb-8efb-751aaa6b8d19",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.5,
        "x": 0.04,
        "y": 0.07
      },
      "kind": "title",
      "text": "Differentiated, Multi-Channel Mortgage REIT",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ee62c411-d26d-4776-98df-e17fc3ebcf61",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Executive summary",
      "slug": "executive-summary",
      "agent": null,
      "layer": "slide",
      "matchId": "82dc7427-eb6c-4fc3-8ea2-73f7d1aec070",
      "evidence": "The slide provides a concise summary of the combined company's strategy and benefits.",
      "confidence": 0.9
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 17,
      "from": 16,
      "beatId": "44367da0-c558-4e7b-8824-29ca57f9f642",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Competition",
      "beatSlug": "sequoia-pitch-competition",
      "evidence": "Differentiated, Multi-Channel Mortgage REIT and Strategic Combination Overview",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [
    {
      "to": 19,
      "from": 15,
      "name": "Before After",
      "slug": "21-before-after",
      "bestFor": "Product demos, process improvements, ROI justification",
      "matchId": "6a062756-5319-4434-a602-cc7545343ec6",
      "evidence": "The deck presents a clear 'before-after' scenario, highlighting benefits to both parties",
      "position": 1,
      "objective": "Benefits to Ready Capital Stockholders and Mosaic Investors",
      "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta",
      "confidence": 0.6,
      "description": "Show the dramatic contrast between the old way and the new way through side-by-side comparison"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}