{ "docId": "019de517-2bf9-77f1-8835-a278c7c625eb", "docSlug": "f3360fdcbc246eaa7aed5c974a792eae", "documentTitle": "Dave | Results Presentation Deck | 37 slides", "authorId": "dave", "authorName": "Dave", "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": 21, "pageCount": 37, "prevPage": 20, "nextPage": 22, "slideType": "kpi_overview", "function": "diagnose_problem", "density": "overcrowded", "nDataPoints": 20, "notes": null, "elementsJson": null, "metadataConfidence": 0.9, "imagePath": null, "slideHref": "/slides/019de517-2bf9-77f1-8835-a278c7c625eb/21", "deckHref": "/decks/019de517-2bf9-77f1-8835-a278c7c625eb", "deckJsonHref": "/decks/019de517-2bf9-77f1-8835-a278c7c625eb.json", "deckAnchorHref": "/decks/019de517-2bf9-77f1-8835-a278c7c625eb#slide-21", "components": [ { "bbox": { "h": 0.046, "w": 0.101, "x": 0.856, "y": 0.289 }, "kind": "callout", "text": "165 bps improvement Y-o-Y", "attrs": {}, "subkind": "primary", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a71e0d77-e6e9-4745-b17b-e3f6decd0ab0", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.75, "w": 0.51, "x": 0.449, "y": 0.116 }, "kind": "chart", "text": "28-Day Average Quarterly Delinquency Rate; 3Q19: 4.32%, 4Q19: 4.20%, 1Q20: 3.06%, 2Q20: 3.52%, 3Q20: 5.93%, 4Q20: 4.87%, 1Q21: 4.47%, 2Q21: 4.20%, 3Q21: 3.48%, 4Q21: 3.27%, 1Q22: 3.67%, 2Q22: 4.07%, 3Q22: 3.58%, 4Q22: 2.60%, 1Q23: 2.83%, 2Q23: 2.42%, 3Q23: 2.42%", "attrs": { "x_axis_labels": [ "3Q19", "4Q19", "1Q20", "2Q20", "3Q20", "4Q20", "1Q21", "2Q21", "3Q21", "4Q21", "1Q22", "2Q22", "3Q22", "4Q22", "1Q23", "2Q23", "3Q23" ], "y_axis_labels": [ "4.32%", "4.20%", "3.06%", "3.52%", "5.93%", "4.87%", "4.47%", "4.20%", "3.48%", "3.27%", "3.67%", "4.07%", "3.58%", "2.60%", "2.83%", "2.42%" ] }, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "25c5110d-59c2-4e07-b2f7-5625755234ff", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.17, "w": 0.35, "x": 0.047, "y": 0.537 }, "kind": "paragraph", "text": "Our underwriting is differentiated as our AI primarily uses bank account transaction data to assess risk, allowing us to detect, nearly in real-time, changes in income, spending, savings, and employment. FICO underwriting bases credit decisions on heavily lagged bureau data which was also often artificially inflated by fiscal stimulus impacts from 2020-2021.", "attrs": {}, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "0faeb3da-785f-44b6-a411-d12277fb5a23", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.35, "x": 0.047, "y": 0.455 }, "kind": "paragraph", "text": "Performance improved by 41bps Q-o-Q, as a number of underwriting improvements came online in late 2Q.", "attrs": {}, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "1cc3380a-f814-4546-ae59-5fecf2e90f2b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.17, "w": 0.35, "x": 0.047, "y": 0.248 }, "kind": "paragraph", "text": "3Q23 28-day delinquency rate of 2.42% represents the lowest 28-day delinquency rate in our Company's history. This rate improved 165bps Y-o-Y, while ExtraCash originations grew 23% as we continue to optimize our real-time AI-enabled cash flow underwriting and settlements architecture.", "attrs": {}, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "bc3a9bf8-83fb-4db4-8e08-a10f1dbf9711", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.06, "w": 0.35, "x": 0.047, "y": 0.744 }, "kind": "paragraph", "text": "The short-term nature of ExtraCash allows us to manage credit risk exposure and observe impacts of underwriting changes within weeks of implementation.", "attrs": {}, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f8b5280f-9b72-426c-92df-bf38bacd25f6", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.013, "w": 0.459, "x": 0.449, "y": 0.953 }, "kind": "source-note", "text": "Note: See Glossary for the definition of 28 Day Average Quarterly Delinquency Rate", "attrs": {}, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "6c72bf4d-9864-4959-ba45-4fa20766df92", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Waterfall chart", "slug": "waterfall-chart", "agent": null, "layer": "slide", "matchId": "d02e8f31-d410-46bb-a429-b0348016cfc5", "evidence": "chart/bar-vertical: 28-Day Average Quarterly Delinquency Rate; 3Q19: 4.32%, 4Q19: 4.20%, 1Q20: 3.06%, 2Q20: 3.52%, 3Q20: 5.93%, 4Q20: 4.87%, 1Q21: 4.47%, 2Q21: 4.20%, 3Q21: 3.48%, 4Q21: 3.27%, 1Q22: 3.67%, 2Q22: 4.07%, 3", "confidence": 0.7 } ], "frameworks": [], "arcBeats": [], "loops": [ { "to": 30, "from": 5, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "66b3ba3b-ded7-4307-a762-2c79b841ac1f", "evidence": "The document highlights the cost of inaction and the path to profitability, emphasizing the importance of investing in Dave's business strategy", "position": 0, "objective": "Highlight the cost of inaction and the path to profitability", "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 }