{
  "docId": "019de515-53bc-754e-95eb-d823cb21a887",
  "docSlug": "c0d7c0bf0417e91b6147fc74262b83e7",
  "documentTitle": "Ready Capital | Investor Presentation Deck | 38 slides",
  "authorId": "ready-capital",
  "authorName": "Ready Capital",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-03-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2938006,
  "pageNumber": 3,
  "pageCount": 38,
  "prevPage": 2,
  "nextPage": 4,
  "slideType": "other",
  "function": "establish_context",
  "density": "overcrowded",
  "nDataPoints": 7,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de515-53bc-754e-95eb-d823cb21a887/3",
  "deckHref": "/decks/019de515-53bc-754e-95eb-d823cb21a887",
  "deckJsonHref": "/decks/019de515-53bc-754e-95eb-d823cb21a887.json",
  "deckAnchorHref": "/decks/019de515-53bc-754e-95eb-d823cb21a887#slide-3",
  "components": [
    {
      "bbox": {
        "h": 0.04,
        "w": 0.65,
        "x": 0.145,
        "y": 0.338
      },
      "kind": "list",
      "text": "All-weather investment strategy as a direct lender and acquiror of bulk portfolios, including distressed",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0954acd6-62a2-4b89-947b-f264aa5bcfcb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.65,
        "x": 0.145,
        "y": 0.44
      },
      "kind": "list",
      "text": "$10.1 billion² portfolio of more than 5,300 loans diversified across 50 states & Europe with 99% senior lien",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "38363195-8902-4d3f-86e7-a79490bf05d6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.65,
        "x": 0.145,
        "y": 0.659
      },
      "kind": "list",
      "text": "Imbedded operating companies supported by approximately 600 employees across the Company's 9 offices",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8c48d6e1-8465-4bb6-bb3c-96aac048bc7b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.65,
        "x": 0.145,
        "y": 0.542
      },
      "kind": "list",
      "text": "Resilient current dividend yield of 12.9%³; combination of gain-on-sale income from 3 government sponsored Opco's & NIM from “capital heavy” SBC→ Record year in pandemic",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9828e4b8-0a05-4166-bb6f-8e2c0dd37a34",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.65,
        "x": 0.145,
        "y": 0.22
      },
      "kind": "list",
      "text": "Largest non-bank lender to both investors in and owners of small balance commercial (\"SBC”) properties with current capitalization of approximately $1.9 billion¹",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ab3b6a5d-8b8d-4da6-bb79-8e78ad2fe7f3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.65,
        "x": 0.145,
        "y": 0.761
      },
      "kind": "list",
      "text": "Integrated with Waterfall Asset Management, LLC, a leading $11.2 billion global structured products investment manager with an 18-year track record",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fda45253-c88d-4e5d-aed2-215cb3a5272c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.23,
        "x": 0.145,
        "y": 0.896
      },
      "kind": "source-note",
      "text": "1. Inclusive of preferred stock\n2. Excludes Paycheck Protection Program loans\n3. As of March 3, 2023",
      "attrs": {},
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2dbcafcb-fa84-4863-a789-cb22adb01785",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.43,
        "x": 0.045,
        "y": 0.076
      },
      "kind": "title",
      "text": "Differentiated Mortgage REIT",
      "attrs": {},
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9156fa03-efba-4c7e-8a3b-3bdf2dbf471d",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 5,
      "from": 3,
      "beatId": "ccb3baa4-f9ab-4bf5-bd0f-0a19577b822c",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Problem",
      "beatSlug": "sequoia-pitch-problem",
      "evidence": "The deck presents an overview of the mortgage market and Ready Capital's position in it",
      "position": 0,
      "confidence": 0.8,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
    }
  ],
  "loops": [
    {
      "to": 5,
      "from": 3,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "28ff7959-3d51-43e4-bf65-4af93cdc57ad",
      "evidence": "The deck presents information on the mortgage market and Ready Capital's position in it",
      "position": 0,
      "objective": "Highlight the importance of Ready Capital's diversified investment strategy",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.6,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}