{ "docId": "019de515-9f09-7033-811b-53a2ac3305b8", "docSlug": "cce6749199539e12f709770167d15afc", "documentTitle": "CubeSmart | Investor Presentation Deck | 30 slides", "authorId": "cubesmart", "authorName": "CubeSmart", "documentKindSlug": "pitchdeck", "documentKindLabel": "Pitch deck", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2023-05-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 21, "pageCount": 30, "prevPage": 20, "nextPage": 22, "slideType": "other", "function": "establish_context", "density": "overcrowded", "nDataPoints": 30, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de515-9f09-7033-811b-53a2ac3305b8/21", "deckHref": "/decks/019de515-9f09-7033-811b-53a2ac3305b8", "deckJsonHref": "/decks/019de515-9f09-7033-811b-53a2ac3305b8.json", "deckAnchorHref": "/decks/019de515-9f09-7033-811b-53a2ac3305b8#slide-21", "components": [ { "bbox": { "h": 0.302, "w": 0.428, "x": 0.518, "y": 0.236 }, "kind": "chart", "text": "Debt to Gross Assets¹: 39.6%\n100.0%\n80.0%\n60.0%\n40.0%\n20.0%\n0.0%\n2017 2018 2019 2020 2021 2022\nUnsecured Debt\nSecured Debt", "attrs": { "title": "Debt to Gross Assets¹", "value": "39.6%", "series": [ "Unsecured Debt", "Secured Debt" ], "x_axis_labels": [ "2017", "2018", "2019", "2020", "2021", "2022" ], "y_axis_labels": [ "0.0%", "20.0%", "40.0%", "60.0%", "80.0%", "100.0%" ] }, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "0a43b2cc-c3f1-4bc4-97b3-8d522979b1ad", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.302, "w": 0.428, "x": 0.518, "y": 0.579 }, "kind": "chart", "text": "EBITDA Coverage1.2: 7.1x\n8.0x\n6.0x\n4.0x\n2.0x\n0.0x\n2017 2018 2019 2020 2021 2022", "attrs": { "title": "EBITDA Coverage1.2", "value": "7.1x", "x_axis_labels": [ "2017", "2018", "2019", "2020", "2021", "2022" ], "y_axis_labels": [ "0.0x", "2.0x", "4.0x", "6.0x", "8.0x" ] }, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "2a686f31-038b-4f4a-b322-07c63df03b66", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.302, "w": 0.428, "x": 0.055, "y": 0.579 }, "kind": "chart", "text": "Net Debt to EBITDA¹: 4.3x\n7.0x\n6.0x\n5.0x\n4.0x\n3.0x\n2.0x\n1.0x\n2017 2018 2019 2020 2021 2022", "attrs": { "title": "Net Debt to EBITDA¹", "value": "4.3x", "x_axis_labels": [ "2017", "2018", "2019", "2020", "2021", "2022" ], "y_axis_labels": [ "1.0x", "2.0x", "3.0x", "4.0x", "5.0x", "6.0x", "7.0x" ] }, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "6223951f-8d97-48a2-8a46-1685af7545e5", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.027, "w": 0.102, "x": 0.289, "y": 0.439 }, "kind": "image", "text": "STANDARD & POOR'S", "attrs": null, "subkind": "logo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "3b4474b8-9d27-4452-9ed5-5d8121ff5c71", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.027, "w": 0.102, "x": 0.106, "y": 0.44 }, "kind": "image", "text": "MOODY'S", "attrs": null, "subkind": "logo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "7bc0fe5f-92db-40b7-b058-849ef3932cfa", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.05, "x": 0.399, "y": 0.435 }, "kind": "paragraph", "text": "BBB\n(Stable)", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "4f4ec7d8-46f9-4c99-a817-1a8d82b1a027", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.06, "x": 0.217, "y": 0.435 }, "kind": "paragraph", "text": "Baa2\n(Stable)", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "8a693f03-58a7-47fa-bacc-015954ea108f", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.07, "w": 0.401, "x": 0.085, "y": 0.292 }, "kind": "paragraph", "text": "Continue to operate with credit metrics at the conservative end of our investment grade rating, ensuring access to a variety of attractively-priced capital", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d6ec106b-6389-4728-beb5-d1352c8c4697", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.035, "w": 0.38, "x": 0.055, "y": 0.92 }, "kind": "source-note", "text": "1. Source: Company Filings, as of December 31 of each stated year.\n2. Calculated as annual EBITDA / Interest Expense", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "e96dc498-7e34-4156-a152-43a6c9bc65a8", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.023, "w": 0.409, "x": 0.055, "y": 0.15 }, "kind": "title", "text": "Ensuring stability while funding growth", "attrs": null, "subkind": "action-title", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "0c4808d5-9f02-46a9-9f3c-a5a13988b753", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.043, "w": 0.379, "x": 0.055, "y": 0.101 }, "kind": "title", "text": "Financial Strength", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "89e97f3b-45c7-4dd1-bef1-861e9ab81929", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Chart Selection Guide", "slug": "chart-selection-guide", "agent": "Designer", "layer": "slide", "matchId": "b5966e20-5fcd-4518-aab6-7b830eae4a3d", "evidence": "Debt to Gross Assets, Net Debt to EBITDA, EBITDA Coverage", "confidence": 0.7 } ], "frameworks": [], "arcBeats": [ { "to": 22, "from": 21, "beatId": "9e1ec945-88a0-4f99-b348-6e1cf5d522c3", "arcName": "The Sequoia Pitch", "arcSlug": "sequoia-pitch", "beatName": "Business Model", "beatSlug": "sequoia-pitch-business-model", "evidence": "Slides 21-22 discuss Financial Strength and Liquidity and Access to Capital", "position": 3, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }