{ "docId": "019de517-4747-766e-9495-b761a79d5400", "docSlug": "54d273001c7eaad7aa749aeb6d0b62fa", "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": "2023-11-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.2938006, "pageNumber": 10, "pageCount": 17, "prevPage": 9, "nextPage": 11, "slideType": "kpi_overview", "function": "analyze_data", "density": "dense", "nDataPoints": 160, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de517-4747-766e-9495-b761a79d5400/10", "deckHref": "/decks/019de517-4747-766e-9495-b761a79d5400", "deckJsonHref": "/decks/019de517-4747-766e-9495-b761a79d5400.json", "deckAnchorHref": "/decks/019de517-4747-766e-9495-b761a79d5400#slide-10", "components": [ { "bbox": { "h": 0.01, "w": 0.016, "x": 0.9, "y": 0.89 }, "kind": "source-note", "text": "10", "attrs": {}, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "70e381a1-c664-4185-993e-a6051d089bba", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.446, "x": 0.089, "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 (increase)/decrease in the net present value of expected credit losses on mortgage loans\n⁴Excludes the impact of convertible and unsecured debt", "attrs": {}, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "fe66e4b6-434e-4471-95de-873f9037c950", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.64, "w": 0.837, "x": 0.089, "y": 0.199 }, "kind": "table", "text": "GAAP Consolidated Q3-23 Q2-23 Q1-23 Q4-22 Interest Income on Loans¹ $ 12,696 $ 12,929 $ 13,281 $ 13,520 (Increase)/decrease in net present value of expected credit losses on loans $ (330) $ 2,866 $ 621 $ 1,152 Interest Income on Debt Securities² S 2,294 $ 2,482 $ 2,486 $ 2,557 Interest Income on Beneficial Interests¹ S 1,924 $ 1,998 $ 2,083 $ 2,005 Average Loans $ 951,155 $ 965,407 $ 980,671 $ 996,689 Average Loan Yield - Ex net present value of expected credit loss adjustments 5.3% 5.4% 5.4% 5.4% Average Loan Yield - Net present value of expected credit loss adjustments -0.1% 1.2% 0.3% 0.5% Average Loan Yield - Total 5.2% 6.5% 5.7% 5.9% Average Debt Securities $ 225,893 $ 247,579 $ 266,899 $ 296,294 Average Beneficial Interests $ 120,708 $ 134,923 $ 134,341 $ 131,177 Average Debt Securities Yield 4.1% 4.0% 3.7% 3.5% Average Beneficial Interests Yield - Ex net present value of expected credit loss adjustments 6.4% 5.9% 6.2% 6.1% Average Debt Securities and Beneficial Interests Yield - Total 4.9% 4.7% 4.6% 4.3% Average Total Asset Yield³ 5.1% 6.0% 5.3% 5.4% Total Interest Expense $ 14,838 $ 15,039 $ 14,925 $ 14,482 Average Securitization Debt Cost 2.7% 2.7% 2.7% 2.7% Average Repo Debt Cost 7.4% 7.0% 6.5% 5.7% Asset Level Net Interest Margin³ 0.2% 1.2% 0.8% 1.3% Total Average Debt $ 1,044,511 $ 1,080,421 $ 1,107,588 $ 1,143,888 Average Asset Yield 5.2% 5.2% 5.2% 5.1% Total Average Debt Cost 5.7% 5.6% 5.4% 5.0% Net Interest Margin Before decrease in net present value of expected credit losses -0.4% -0.4% -0.3% 0.0% Net interest income after the impact of changes in the net present value of expected credit losses -0.1% 0.9% 0.2% 0.3% Total Net Interest Margin -0.5% 0.4% -0.1% 0.4% Non-Interest Operating Expenses/Avg Assets 1.9% 2.3% 2.1% 1.9% ROAA - Ex net REO, loan and beneficial interests impairments, gains/losses and credit losses -1.1% -1.4% -1.9% -1.9% ROAA - Net REO, loan and beneficial interests impairments, gains/losses and credit losses -0.5% -1.9% -0.1% 0.3% ROAA - Total -1.6% -3.2% -2.0% -1.7% ROAE - Ex net REO, loan and beneficial interests impairments, gains/losses and credit losses -4.8% -5.9% -8.3% -8.5% ROAE - Net REO, loan and beneficial interests impairments, gains/losses and credit losses -2.2% -8.2% -0.4% 1.2% ROAE - Total -7.0% -14.1% -8.7% -7.3% Average Leverage Ratio - Asset Backed 2.6 2.7 2.7 2.7 Average Leverage Ratio - Convertbile and Unsecured Debt 0.7 0.6 0.6 0.6 Average Leverage Ratio - Total 3.3 3.3 3.3 3.3 Ending Leverage Ratio - Asset Backed 2.5 2.7 2.6 2.7 Ending Leverage Ratio - Convertible and Unsecured Debt 0.7 0.6 0.6 0.6 Ending Leverage Ratio - Total 3.2 3.4 3.3 3.3", "attrs": {}, "subkind": "data", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a94b014e-09ca-4bf7-8d20-7497f8342131", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.34, "x": 0.084, "y": 0.13 }, "kind": "title", "text": "Financial Metrics", "attrs": {}, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "bfd912b1-c0f1-474d-86a0-a5e777d7b2dc", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Table data", "slug": "table-data", "agent": null, "layer": "slide", "matchId": "df6149c9-7ddd-4bc3-9bb9-5db19f6c3086", "evidence": "table/data: GAAP Consolidated Q3-23 Q2-23 Q1-23 Q4-22 Interest Income on Loans¹ $ 12,696 $ 12,929 $ 13,281 $ 13,520", "confidence": 0.7 } ], "frameworks": [], "arcBeats": [ { "to": 10, "from": 7, "beatId": "5d184fef-5215-490d-9016-ee4cf79f52f1", "arcName": "The Sparkline", "arcSlug": "sparkline", "beatName": "Evidence", "beatSlug": "evidence", "evidence": "Slides 7-10 provide additional details on loan portfolio growth and geographic distribution.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }