{
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  "docSlug": "9ef22626b17a0496e3d5eaef45ae8e74",
  "documentTitle": "Great Ajax | Investor Presentation Deck | 17 slides",
  "authorId": "great-ajax",
  "authorName": "Great Ajax",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-05-01 00:00:00",
  "orientation": "landscape",
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  "pageNumber": 4,
  "pageCount": 17,
  "prevPage": 3,
  "nextPage": 5,
  "slideType": "kpi_overview",
  "function": "summarize",
  "density": "dense",
  "nDataPoints": 17,
  "notes": null,
  "elementsJson": null,
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  "slideHref": "/slides/019de515-af03-77dc-b411-dc761ad4df8a/4",
  "deckHref": "/decks/019de515-af03-77dc-b411-dc761ad4df8a",
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  "deckAnchorHref": "/decks/019de515-af03-77dc-b411-dc761ad4df8a#slide-4",
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      "text": "Interest income of $18.5 million; net interest income of $3.5 million\nNet loss attributable to common stockholders of $(7.9) million\nOperating loss of $(2.1) million\nEarnings per share (\"EPS\") per basic common share was a loss of $(0.34)\nOperating loss per basic common share of $(0.09)1\nTaxable income of $0.05 per share attributable to common stockholders after payment of dividends on our preferred stock\nBook value per common share of $12.58 at March 31, 2023\nRefinanced three joint ventures with $205.1 million in unpaid principal balance (\"UPB\") of mortgage loans with collateral values of $497.4 million and retained $16.1 million of varying classes of related securities issued by the joint venture and sold a single debt security with a carrying value of $30.2 million to end the quarter with $356.0 million of investments in debt securities and beneficial interests\nCollected total cash of $43.6 million from loan payments, sales of real estate owned (\"REO\") properties and collections from investments in debt securities and beneficial interests\nHeld $49.4 million of cash and cash equivalents at March 31, 2023; average daily cash balance for the quarter was $50.9 million\nAs of March 31, 2023, approximately 81.3% of our portfolio (based on UPB at the time of acquisition) made at least 12 out of the last 12 payments",
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      "kind": "source-note",
      "text": "1 Operating loss, a non-GAAP financial measure which adjusts GAAP earnings by removing gains and losses as well as certain other non-core income and expenses and preferred dividends. We consider Operating loss to provide a useful measure for comparing the results of our ongoing operations over multiple quarters.",
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      "kind": "title",
      "text": "Highlights – Quarter Ended March 31, 2023",
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  "arcBeats": [
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      "beatId": "b7f3721f-8eda-4d02-bf87-d52baaff0b83",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Problem",
      "beatSlug": "sequoia-pitch-problem",
      "evidence": "Slides 3-4 provide an overview of the business and highlights.",
      "position": 0,
      "confidence": 0.8,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
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  "loops": [
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      "from": 4,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "36743029-a6f5-4c33-aa42-cfd01e85274d",
      "evidence": "The deck implies that investing in Great Ajax is crucial for growth and returns.",
      "position": 0,
      "objective": "The cost of not investing in Great Ajax",
      "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"
    },
    {
      "to": 5,
      "from": 3,
      "name": "Voice Of Customer",
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      "bestFor": "Product strategy, customer experience, market research",
      "matchId": "4f99fdf8-9757-47be-ab2e-fd6df802fdf9",
      "evidence": "The deck provides an overview of the business and loan portfolio, reflecting customer and investor interests.",
      "position": 1,
      "objective": "The voice of Great Ajax's customers and investors",
      "structure": "What Customers Say (Verbatim) -> The Pattern Across Voices -> The Insight -> The Response",
      "confidence": 0.5,
      "description": "Let customer quotes and feedback drive the narrative and validate the insight"
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  "locked": true
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