{ "docId": "019de517-2108-7588-ab5d-678764937096", "docSlug": "e804418aa1bf3e82d3876208c4039e57", "documentTitle": "Better | Results Presentation Deck | 17 slides", "authorId": "better", "authorName": "Better", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2023-11-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 12, "pageCount": 17, "prevPage": 11, "nextPage": 13, "slideType": "kpi_overview", "function": "frame_situation", "density": "overcrowded", "nDataPoints": 8, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de517-2108-7588-ab5d-678764937096/12", "deckHref": "/decks/019de517-2108-7588-ab5d-678764937096", "deckJsonHref": "/decks/019de517-2108-7588-ab5d-678764937096.json", "deckAnchorHref": "/decks/019de517-2108-7588-ab5d-678764937096#slide-12", "components": [ { "bbox": { "h": 0.37, "w": 0.39, "x": 0.03, "y": 0.27 }, "kind": "list", "text": "Closed a 2.5-year-long SPAC process with Better now publicly listed after raising approximately $565 million of capital\nIncluded $528 million of convertible notes with a 5-year maturity and 1% annual interest (cash or PIK at Company option)\nNo current plan or need to raise additional capital in near-term\nWe retain strong relationships with our warehouse financing counterparties to manage mortgage working capital even in a low-volume environment", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5cf0fca3-c1a6-46bf-8150-4a10d4fa50fa", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.2, "x": 0.48, "y": 0.33 }, "kind": "metric", "text": "$584 million", "attrs": null, "subkind": "big-number", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "1e1875df-409a-4822-9ce1-b4d77f40f7a5", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.09, "x": 0.48, "y": 0.56 }, "kind": "metric", "text": "Three", "attrs": null, "subkind": "big-number", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "2dde9b73-d1ba-4b9c-a353-a56810fc7b72", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.19, "x": 0.72, "y": 0.56 }, "kind": "metric", "text": "$424 million", "attrs": null, "subkind": "big-number", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "701777d6-6182-48d2-8a9d-8d3ff712b6a7", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.2, "x": 0.72, "y": 0.33 }, "kind": "metric", "text": "248% increase", "attrs": null, "subkind": "big-number", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "7782eade-1c56-4970-985e-4f671318158e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.17, "x": 0.72, "y": 0.61 }, "kind": "paragraph", "text": "Total Warehouse Capacity³", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "0bb6f82c-1880-4043-bb5a-4a7aa0600587", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.2, "x": 0.72, "y": 0.38 }, "kind": "paragraph", "text": "Cash and short-term investments vs. Q2'23²", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "3e31c73f-8036-4db3-809d-beb561c4fce2", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.19, "x": 0.48, "y": 0.38 }, "kind": "paragraph", "text": "Cash and short-term investments¹", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "6fad0079-e228-4a17-8746-5e95125329a0", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.29, "x": 0.45, "y": 0.19 }, "kind": "paragraph", "text": "Statistics as of September 30, 2023", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "9cdc7aad-ff84-4060-9e38-d2624a7cac09", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.16, "x": 0.03, "y": 0.19 }, "kind": "paragraph", "text": "Key Highlights", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a02ee391-fc21-4085-92c1-e71778d1b1d0", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.17, "x": 0.48, "y": 0.61 }, "kind": "paragraph", "text": "Warehouse Facilities", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "c2b57aea-602d-4367-9fb2-cd312ef5b0f5", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.68, "x": 0.09, "y": 0.92 }, "kind": "source-note", "text": "1. Includes $527 million Cash and Cash Equivalents, $28 million Restricted Cash, $30 million Short Term Investment as of September 30, 2023\n2. Compared to $110 million Cash and Cash Equivalents, $25 million Restricted Cash, $33 million Short Term Investment as of June 30, 2022\n3. Warehouse capacity credit available for funding at September 30, 2023", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "333d59ee-4217-4ab1-9309-3bac17cf8b11", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.07, "w": 0.41, "x": 0.02, "y": 0.03 }, "kind": "title", "text": "Q3 2023 Balance Sheet Well Funded for Future", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "fb0476dd-36c4-42fd-bce8-2daed2d9d9fe", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 12, "from": 11, "beatId": "c1a9a8ce-c029-46e6-975e-80ef828b5207", "arcName": "The Sequoia Pitch", "arcSlug": "sequoia-pitch", "beatName": "Financials", "beatSlug": "sequoia-pitch-financials", "evidence": "Q3 2023 Financial Review and Balance Sheet", "position": 3, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "loops": [ { "to": 14, "from": 6, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "e14c53e6-3a11-40c6-83ac-9b00477ed0ec", "evidence": "Mortgage process remains challenging for consumers and MBA & Fannie forecasting refinance expected to nearly double by 2025", "position": 0, "objective": "Highlighting the challenges in the mortgage process and the expected growth in refinance volume", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.7, "description": "Quantify what happens if the audience does nothing" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }