{ "docId": "019de516-773f-741c-851c-30cf3b09e6b3", "docSlug": "a79915ec49ea919243b6715e50278847", "documentTitle": "Great Ajax | Results Presentation Deck | 17 slides", "authorId": "great-ajax", "authorName": "Great Ajax", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2023-08-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.2938006, "pageNumber": 11, "pageCount": 17, "prevPage": 10, "nextPage": 12, "slideType": "kpi_overview", "function": "analyze_data", "density": "dense", "nDataPoints": 120, "notes": null, "elementsJson": null, "metadataConfidence": 0.9, "imagePath": null, "slideHref": "/slides/019de516-773f-741c-851c-30cf3b09e6b3/11", "deckHref": "/decks/019de516-773f-741c-851c-30cf3b09e6b3", "deckJsonHref": "/decks/019de516-773f-741c-851c-30cf3b09e6b3.json", "deckAnchorHref": "/decks/019de516-773f-741c-851c-30cf3b09e6b3#slide-11", "components": [ { "bbox": { "h": 0.04, "w": 0.426, "x": 0.088, "y": 0.87 }, "kind": "source-note", "text": "¹Includes the impact of the credit loss expense\n²Interest income on debt securities is net of servicing fee\n³Includes the impact of the net decrease in the net present value of expected credit losses on mortgage loans\n⁴Excludes the impact of convertible and unsecured debt", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f0e8be34-4473-479b-bede-b5dc6284029a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.63, "w": 0.827, "x": 0.102, "y": 0.209 }, "kind": "table", "text": "GAAP Consolidated\nQ2-23 Q1-23 Q4-22 Q3-22\nInterest Income on Loans¹ 12,929 13,281 13,520 14,864\nDecrease in net present value of expected credit losses on loans 2,866 621 1,152 1,935\nInterest Income on Debt Securities² 2,482 2,486 2,557 2,443\nInterest Income on Beneficial Interests¹ 1,998 2,083 2,005 2,170\nAverage Loans 965,407 980,671 996,689 1,014,320\nAverage Loan Yield - Ex net present value of expected credit loss adjustments 5.4% 5.4% 5.4% 5.9%\nAverage Loan Yield - Net present value of expected credit loss adjustments 1.2% 0.3% 0.5% 0.8%\nAverage Loan Yield - Total 6.5% 5.7% 5.9% 6.6%\nAverage Debt Securities 247,579 266,899 296,294 310,313\nAverage Beneficial Interests 134,923 134,341 131,177 125,536\nAverage Debt Securities Yield 4.0% 3.7% 3.5% 3.1%\nAverage Beneficial Interests Yield - Ex net present value of expected credit loss adjustments 5.9% 6.2% 6.1% 6.9%\nAverage Debt Securities and Beneficial Interests Yield - Total 4.7% 4.6% 4.3% 4.2%\nAverage Total Asset Yield³ 6.0% 5.3% 5.4% 5.9%\nTotal Interest Expense 15,039 14,925 14,482 11,369\nAverage Securitization Debt Cost 2.7% 2.7% 2.7% 2.8%\nAverage Repo Debt Cost 7.1% 6.5% 5.7% 3.9%\nAsset Level Net Interest Margin³ 1.2% 0.8% 1.3% 2.6%\nTotal Average Debt 1,080,421 1,107,588 1,143,888 1,133,777\nAverage Asset Yield 5.2% 5.2% 5.1% 5.4%\nTotal Average Debt Cost 5.6% 5.4% 5.0% 4.0%\nNet Interest Margin Before decrease in net present value of expected credit losses -0.4% -0.3% 0.0% 1.4%\nNet interest income after the impact of changes in the net present value of expected credit losses 0.9% 0.2% 0.3% 0.5%\nTotal Net Interest Margin 0.4% -0.1% 0.4% 1.9%\nNon-Interest Operating Expenses/Avg Assets 2.3% 2.1% 1.9% 2.3%\nROAA - Ex net REO, loan and beneficial interests impairments, gains/losses and credit losses -1.4% -1.9% -1.9% -0.9%\nROAA - Net REO, loan and beneficial interests impairments, gains/losses and credit losses -1.9% -0.1% 0.3% 0.7%\nROAA - Total -3.2% -2.0% -1.7% -0.2%\nROAE - Ex net REO, loan and beneficial interests impairments, gains/losses and credit losses -5.9% -8.3% -8.5% -3.4%\nROAE - Net REO, loan and beneficial interests impairments, gains/losses and credit losses -8.2% -0.4% 1.2% -6.1%\nROAE - Total -14.1% -8.7% -7.3% -9.5%\nAverage Leverage Ratio - Asset Backed⁴ 2.7 2.7 2.7 2.5\nAverage Leverage Ratio - Convertbile and Unsecured Debt 0.6 0.6 0.6 0.4\nAverage Leverage Ratio - Total 3.3 3.3 3.3 2.8\nEnding Leverage Ratio - Asset Backed⁴ 2.7 2.6 2.7 2.7\nEnding Leverage Ratio - Convertible and Unsecured Debt 0.7 0.6 0.6 0.6\nEnding Leverage Ratio - Total 3.4 3.3 3.3 3.3", "attrs": null, "subkind": "data", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "e28a0080-9193-475a-819c-12e634ccd152", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.309, "x": 0.058, "y": 0.126 }, "kind": "title", "text": "Financial Metrics", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "da716074-686b-40b5-90e7-4d8ae1b39e43", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 14, "from": 11, "beatId": "2df7fe9c-7f40-4417-b27d-d07da479d497", "arcName": "The Sparkline", "arcSlug": "sparkline", "beatName": "New Bliss", "beatSlug": "sparkline-new-bliss", "evidence": "The presentation highlights the company's financial metrics and consolidated statements of operations.", "position": 3, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "loops": [ { "to": 14, "from": 11, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "407a358b-b290-4fd1-a3e5-76e396f94740", "evidence": "The presentation highlights the company's financial metrics and consolidated statements of operations.", "position": 2, "objective": "What are the consequences of not improving the company's financial metrics?", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.5, "description": "Quantify what happens if the audience does nothing" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }