{ "docId": "019de516-aff1-7177-9418-933dbac432a9", "docSlug": "fcaa462b21b856f39862736062f7e181", "documentTitle": "Ready Capital | Results Presentation Deck | 20 slides", "authorId": "ready-capital", "authorName": "Ready Capital", "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": 8, "pageCount": 20, "prevPage": 7, "nextPage": 9, "slideType": "kpi_overview", "function": "summarize", "density": "overcrowded", "nDataPoints": 100, "notes": null, "elementsJson": null, "metadataConfidence": 0.9, "imagePath": null, "slideHref": "/slides/019de516-aff1-7177-9418-933dbac432a9/8", "deckHref": "/decks/019de516-aff1-7177-9418-933dbac432a9", "deckJsonHref": "/decks/019de516-aff1-7177-9418-933dbac432a9.json", "deckAnchorHref": "/decks/019de516-aff1-7177-9418-933dbac432a9#slide-8", "components": [ { "bbox": { "h": 0.34, "w": 0.44, "x": 0.518, "y": 0.56 }, "kind": "chart", "text": "GROSS LEVERED YIELD, 15%, 10%, 0.9%, 1.0%, 0.5%, 0.6%, 1.3%, 11.3%, 10.5%, 11.1%, 10.9%, 10.2%, 5%, 0%, Q2 2022, Q3 2022, Q4 2022, Q1 2023, Q2 2023, Income on joint venture investments and gains on loans, held for sale 3, Gross levered yield (ex. gains) 4", "attrs": {}, "subkind": "bar-stacked-100pct", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "21d4aff9-c2f6-4539-b11d-37ade6e75b4c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.19, "w": 0.459, "x": 0.059, "y": 0.616 }, "kind": "list", "text": "Bridge loan originations of $123.1 million at average spread of plus 466 bps\nSBC money up pipeline of $1.2 billion, including $94.8 million funded in July.\nMosaic Acquired Assets protected against losses due to a $61 million contingent equity right reserve", "attrs": {}, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d7b475f2-1510-4dcb-b4a1-ac20dd9e7b86", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.105, "w": 0.789, "x": 0.048, "y": 0.875 }, "kind": "source-note", "text": "1. Excludes joint venture investments\n2. 72% of fixed rate loans match funded\n3. Includes realized and unrealized gains (losses) on loans held for sale and MSR creation\n4. Includes interest income, accretion of discount, and servicing income net of interest expense and amortization of deferred financing costs\n5. Includes originated SBC floating rate loans that are included in our RCMT securitization and therefore, categorized as Fixed/CMBS\n6. Loans with the \"Other\" classification are generally SBC acquired loans that have nonconforming characteristics for the Fixed rate, Bridge, or Construction categories\n7. Gross of general reserves", "attrs": {}, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d33c9b58-7cbb-4047-b19e-efef95961a11", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.36, "w": 0.913, "x": 0.045, "y": 0.149 }, "kind": "table", "text": "PRODUCT TYPE, LOAN COUNT(1), UPB, BOOK VALUE(7), WA LTV, WA COUPON, FIXED/FLOAT(2), 60+ Days Past Due, FIXED RATE(5), 235, $994M, $997M, 60.6%, 5.2%, 98.7/1.3%, 2.1%, BRIDGE, 566, $7.20B, $7.16B, 68.6%, 8.9%, 0.6/99.4%, 2.6%, CONSTRUCTION (RC ORIGINATED), 4, $35M, $34M, 48.9%, 8.3%, 100.0/0.0%, 0.0%, MOSAIC ACQUIRED ASSETS, 19, $607M, $603M, 64.5%, 13.0%, 32.2/67.8%, 8.9%, BROADMARK ACQUIRED ASSETS, 150, $813M, $779M, 60.2%, 10.5%, 94.2/5.8%, 22.2%, OTHER(6), 1,304, $528M, $522M, 38.3%, 6.4%, 38.7/61.3%, 4.2%, ORIGINATED, 830, $8.29B, $8.25B, 67.5%, 8.5%, 12.9/87.1%, 2.6%, ACQUIRED, 1,448, $1.89B, $1.84B, 55.2%, 10.2%, 61.0/39.0%, 13.1%", "attrs": {}, "subkind": "data", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d0b7fbeb-6cc9-4432-a41b-eb47f7c10864", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.028, "w": 0.47, "x": 0.049, "y": 0.069 }, "kind": "title", "text": "SBC Lending and Acquisitions", "attrs": {}, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5c56b5d4-0091-45d1-aee6-bff2271da4b1", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Table data", "slug": "table-data", "agent": null, "layer": "slide", "matchId": "b148450a-c317-4af3-bd4f-eb5aec2b0a39", "evidence": "The table/data component presents detailed financial data in a clear and organized manner.", "confidence": 0.8 } ], "frameworks": [], "arcBeats": [ { "to": 15, "from": 3, "beatId": "05615f99-3f1c-44bb-97ea-95d7e9c7d8e4", "arcName": "The Sequoia Pitch", "arcSlug": "sequoia-pitch", "beatName": "Financials", "beatSlug": "sequoia-pitch-financials", "evidence": "Detailed financial information and KPIs", "position": 0, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" }, { "to": 14, "from": 6, "beatId": "42e1fcb4-8d0f-4867-b8f3-28c309322b45", "arcName": "The Sequoia Pitch", "arcSlug": "sequoia-pitch", "beatName": "Business Model", "beatSlug": "sequoia-pitch-business-model", "evidence": "Description of diversified platforms and loan portfolio composition", "position": 1, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "loops": [ { "to": 15, "from": 3, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "072f5425-b6e4-4f47-bd17-1191bf5b156d", "evidence": "The deck presents financial data and metrics to demonstrate the company's performance", "position": 0, "objective": "Highlighting the benefits of Ready Capital's diversified platforms", "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 }