{
  "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": 18,
  "pageCount": 20,
  "prevPage": 17,
  "nextPage": 19,
  "slideType": "key_takeaways",
  "function": "summarize",
  "density": "overcrowded",
  "nDataPoints": 3,
  "notes": "The slide uses a structured list format to present value propositions.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de511-f03b-739b-bef7-8edb4ba21ca0/18",
  "deckHref": "/decks/019de511-f03b-739b-bef7-8edb4ba21ca0",
  "deckJsonHref": "/decks/019de511-f03b-739b-bef7-8edb4ba21ca0.json",
  "deckAnchorHref": "/decks/019de511-f03b-739b-bef7-8edb4ba21ca0#slide-18",
  "components": [
    {
      "bbox": {
        "h": 0.03,
        "w": 0.8,
        "x": 0.05,
        "y": 0.96
      },
      "kind": "disclaimer",
      "text": "(1) Core earnings and book value per share accretion excludes the impact of Paycheck Protection Program loans and Paycheck Protection Program Liquidity Facility borrowings",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b430fe13-6fdf-4b87-bb87-622447f00b53",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.9,
        "x": 0.05,
        "y": 0.785
      },
      "kind": "list",
      "text": "Attractive Structural Features: CER structure creates strong alignment between Ready Capital and Mosaic",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "06bbcd4b-330e-493b-b99a-e7f5e1df2022",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.9,
        "x": 0.05,
        "y": 0.945
      },
      "kind": "list",
      "text": "Improved Cost Structure and Financial Position: Shareholders will benefit from potential cost and operational efficiencies... Further augments Ready Capital’s strong liquidity position",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4da59d02-cd43-45e4-94af-39606ebca42a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.9,
        "x": 0.05,
        "y": 0.465
      },
      "kind": "list",
      "text": "Highly Accretive: Transaction expected to be accretive to core earnings and book value per share over the next 12 – 14 months... Strong portfolio yields (10%+)",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6377703f-0e07-486f-9ce5-b8dba6237c07",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.9,
        "x": 0.05,
        "y": 0.305
      },
      "kind": "list",
      "text": "Enhanced Scale and Market Presence: $1.7B+ combined equity base... Access to incremental capital",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "708d094e-541a-475b-9d20-f04fc920f39a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.9,
        "x": 0.05,
        "y": 0.625
      },
      "kind": "list",
      "text": "Lower Leverage: Un-levered Mosaic portfolio results in immediate de-leveraging impact... Opportunity to enhance yields",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f88b177c-64a5-4832-954d-bda448e7f8ef",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.9,
        "x": 0.05,
        "y": 0.145
      },
      "kind": "list",
      "text": "Growth Opportunities from Diversified Investments: Expands Ready Capital’s existing transitional lending into middle-market construction lending... Ability to originate loans in new markets",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fa8566fc-4429-4d2c-ab4c-66c445c06ef2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.45,
        "x": 0.048,
        "y": 0.075
      },
      "kind": "title",
      "text": "Benefits to Ready Capital Stockholders",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f754e2bd-24d0-4e00-96d1-66efab51303a",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [],
  "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
}