{
  "docId": "019de513-2cfa-774a-b3b4-4511b658caf4",
  "docSlug": "eb9812fddcc2dd161eb560f541237e97",
  "documentTitle": "MP Materials | Investor Conference Presentation Deck | 26 slides",
  "authorId": "mp-materials",
  "authorName": "MP Materials",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2022-05-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 16,
  "pageCount": 26,
  "prevPage": 15,
  "nextPage": 17,
  "slideType": "valuation_reveal",
  "function": "show_valuation_bridge",
  "density": "dense",
  "nDataPoints": 5,
  "notes": "The slide highlights the adjustments made to GAAP cash flow to arrive at a normalized figure.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de513-2cfa-774a-b3b4-4511b658caf4/16",
  "deckHref": "/decks/019de513-2cfa-774a-b3b4-4511b658caf4",
  "deckJsonHref": "/decks/019de513-2cfa-774a-b3b4-4511b658caf4.json",
  "deckAnchorHref": "/decks/019de513-2cfa-774a-b3b4-4511b658caf4#slide-16",
  "components": [
    {
      "bbox": {
        "h": 0.6,
        "w": 0.6,
        "x": 0.35,
        "y": 0.2
      },
      "kind": "chart",
      "text": "Waterfall chart showing Free Cash Flow starting at 71.2, adding 13.6, 47.1, and 1.3 to reach 133.1",
      "attrs": null,
      "subkind": "waterfall-bridge",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3132a016-370b-4127-87e1-6cc89466cda1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.95,
        "x": 0.02,
        "y": 0.92
      },
      "kind": "disclaimer",
      "text": "All figures in millions. May not recompute as presented due to rounding. Reflects the reduction in the Shenghe Offtake balance... See Appendix for reconciliation... Consists primarily of capitalized costs... Relates principally to start-up costs...",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d35f811b-c1a7-4768-9cdf-897e739d5dcc",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.3,
        "x": 0.05,
        "y": 0.45
      },
      "kind": "list",
      "text": "Normalized Stage I Free Cash Flow of $133.1M or 80.1% of YTD revenue\nOfftake Agreement completed in Q1 2022; $13.6M paydown was reflected as a reduction of GAAP operating cash flows in the quarter",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a6e54641-e617-48b4-85b9-5567256177ae",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.25,
        "x": 0.05,
        "y": 0.15
      },
      "kind": "title",
      "text": "Significant Stage I normalized free cash flow",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3e35c40d-88dc-41b9-8e5a-7b0746f9c5ac",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.6,
        "x": 0.35,
        "y": 0.05
      },
      "kind": "title",
      "text": "YTD 2022 Reported Free Cash Flow to Normalized Stage I Free Cash Flow Bridge",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "28725bc0-c77a-4b6e-8bf7-cc94ebd8488b",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "2526d6b2-223a-4332-94c1-d612d2056f7b",
      "evidence": "The slide features a waterfall chart.",
      "confidence": 0.9
    }
  ],
  "frameworks": [
    {
      "name": "waterfall-bridge",
      "slug": null,
      "matchId": "b58244a7-84d2-4313-8e30-7b205988ff3a",
      "evidence": "The chart is a standard financial waterfall bridge reconciling two cash flow metrics.",
      "confidence": 1
    }
  ],
  "arcBeats": [
    {
      "to": 16,
      "from": 14,
      "beatId": "f918b8db-173f-4614-8933-79e26c148d5e",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Financials",
      "beatSlug": "sequoia-pitch-financials",
      "evidence": "The presentation provides an overview of the company's financial performance and growth.",
      "position": 4,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}