{
  "docId": "019de517-77a6-722b-b2e4-13e1f8ce09c2",
  "docSlug": "3f7b1ba0a8354a7f9a0caf8fae864684",
  "documentTitle": "Opendoor | Investor Presentation Deck | 42 slides",
  "authorId": "opendoor",
  "authorName": "Opendoor",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-11-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 30,
  "pageCount": 42,
  "prevPage": 29,
  "nextPage": 31,
  "slideType": "business_model",
  "function": "present_framework",
  "density": "balanced",
  "nDataPoints": 11,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de517-77a6-722b-b2e4-13e1f8ce09c2/30",
  "deckHref": "/decks/019de517-77a6-722b-b2e4-13e1f8ce09c2",
  "deckJsonHref": "/decks/019de517-77a6-722b-b2e4-13e1f8ce09c2.json",
  "deckAnchorHref": "/decks/019de517-77a6-722b-b2e4-13e1f8ce09c2#slide-30",
  "components": [
    {
      "bbox": {
        "h": 0.61,
        "w": 0.69,
        "x": 0.05,
        "y": 0.23
      },
      "kind": "chart",
      "text": "Typically, majority of HPA realized in 1H, with flat to moderately negative HPA in 2H\n30-day rolling month-over-month home price appreciation (HPA)",
      "attrs": {
        "chart_type": "line",
        "x_axis_label": "Month",
        "y_axis_label": "Rolling HPA Bps",
        "series_labels": [
          "2014",
          "2015",
          "2016",
          "2017",
          "2018",
          "2019",
          "2020",
          "2021",
          "2022",
          "2023"
        ]
      },
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ba91148b-3905-4afc-b9a5-47ed69099332",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.39,
        "w": 0.15,
        "x": 0.82,
        "y": 0.27
      },
      "kind": "list",
      "text": "Annualized Revenue $10B\nContribution Margin 5-7%\nAdj. Operating Expenses 4-5%\nNet Interest Expense 2-3%\nAdj. Net Income breakeven",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "be1b5424-bcee-4f7b-9d2c-be2fc71e44c2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.01,
        "w": 0.34,
        "x": 0.048,
        "y": 0.96
      },
      "kind": "source-note",
      "text": "Note: Weighted to Opendoor markets; non-seasonally adjusted; as of November 1, 2023",
      "attrs": {},
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9c31059f-33c1-456f-b412-e6b8f58cf3ec",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.09,
        "w": 0.62,
        "x": 0.048,
        "y": 0.07
      },
      "kind": "title",
      "text": "We incorporate annual home price seasonality into our spread assumption",
      "attrs": {},
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "aaf599b2-154f-4ea7-a3ff-02b2c4fee03f",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "2aa2852c-e80d-4524-bc5a-dbb2b7a8d9bc",
      "evidence": "chart/line: Typically, majority of HPA realized in 1H, with flat to moderately negative HPA in 2H",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}