{
  "docId": "019de517-e352-747b-9762-0a74ae0959a2",
  "docSlug": "feb24b9f7493f30af4978892ea7da362",
  "documentTitle": "Ready Capital | Investor Presentation Deck | 44 slides",
  "authorId": "ready-capital",
  "authorName": "Ready Capital",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2024-01-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2938006,
  "pageNumber": 26,
  "pageCount": 44,
  "prevPage": 25,
  "nextPage": 27,
  "slideType": "other",
  "function": "show_traction",
  "density": "overcrowded",
  "nDataPoints": 28,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de517-e352-747b-9762-0a74ae0959a2/26",
  "deckHref": "/decks/019de517-e352-747b-9762-0a74ae0959a2",
  "deckJsonHref": "/decks/019de517-e352-747b-9762-0a74ae0959a2.json",
  "deckAnchorHref": "/decks/019de517-e352-747b-9762-0a74ae0959a2#slide-26",
  "components": [
    {
      "bbox": {
        "h": 0.26,
        "w": 0.46,
        "x": 0.045,
        "y": 0.309
      },
      "kind": "chart",
      "text": "NET INCOME $46 2017 $61 2018 $75 2019 $46 2020 $160 2021 $203 2022 $351 Q3 2023 TTM²",
      "attrs": {
        "title": "NET INCOME"
      },
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0393f370-7a22-4738-bcec-710afadf35d2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.26,
        "w": 0.46,
        "x": 0.529,
        "y": 0.309
      },
      "kind": "chart",
      "text": "NET INCOME TO ASSETS (%) 1.8% 2017 2.0% 2018 1.5% 2019 0.9% 2020 1.7% 2021 1.7% 2022 2.7% Q3 2023 TTM²",
      "attrs": {
        "title": "NET INCOME TO ASSETS (%)"
      },
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0fc10482-a1f9-4933-97f5-5502f3490439",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.26,
        "w": 0.46,
        "x": 0.529,
        "y": 0.598
      },
      "kind": "chart",
      "text": "RETURN ON EQUITY 8% 2017 11% 2018 11% 2019 6% 2020 15% 2021 12% 2022 7% Q3 2023",
      "attrs": {
        "title": "RETURN ON EQUITY"
      },
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "172fe971-293c-43da-81e0-3da5e3a16f70",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.26,
        "w": 0.46,
        "x": 0.045,
        "y": 0.598
      },
      "kind": "chart",
      "text": "DISTRIBUTABLE EARNINGS¹ $47 2017 $59 2018 $67 2019 $101 2020 $168 2021 $219 2022 $193 Q3 2023 TTM",
      "attrs": {
        "title": "DISTRIBUTABLE EARNINGS¹"
      },
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3fe7892f-e13a-4012-876b-ffeb97af7a2e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.016,
        "w": 0.837,
        "x": 0.075,
        "y": 0.262
      },
      "kind": "list",
      "text": "The Company has been able to keep both its net income to assets and return on equity stable despite some challenging economic conditions",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a9456f63-b78b-480e-8bfb-66ed1db2a2b1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.016,
        "w": 0.602,
        "x": 0.075,
        "y": 0.217
      },
      "kind": "list",
      "text": "Distributable earnings have grown at a 36% CAGR between 2017 and 2022¹",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ea9c9018-04f5-4f01-8089-43494a0b504c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.91,
        "x": 0.045,
        "y": 0.91
      },
      "kind": "source-note",
      "text": "Note: As of September 30, 2023; ¹ Distributable earnings is a non-GAAP measure, please refer to pages 36-37 for a reconciliation to the nearest GAAP equivalent; ² 2023 includes bargain purchase gain of $215mm from the Broadmark acquisition",
      "attrs": {},
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "080dc81e-7c3d-43e4-8fbc-06b93d2701ec",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.402,
        "x": 0.045,
        "y": 0.124
      },
      "kind": "title",
      "text": "Historical Income Statement",
      "attrs": {},
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2140cc15-eef4-4adb-b273-ae22018733fa",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Big Idea Formula",
      "slug": "big-idea-formula",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "e8a562ae-0021-4dd2-a7d8-a946edef3d2d",
      "evidence": "The slide presents a clear and concise message about the company's financial performance.",
      "confidence": 0.5
    }
  ],
  "frameworks": [],
  "arcBeats": [],
  "loops": [
    {
      "to": 44,
      "from": 3,
      "name": "Golden Circle",
      "slug": "11-golden-circle",
      "bestFor": "Visionary leadership, brand positioning, mission statements",
      "matchId": "683999a5-646d-4eda-a9d3-65d5179730d7",
      "evidence": "The deck uses a golden circle structure to present the company's why, how, and what.",
      "position": 0,
      "objective": "Why Ready Capital is a good investment opportunity",
      "structure": "The Why (Belief) -> The How (Process) -> The What (Result)",
      "confidence": 0.7,
      "description": "Invert the typical pitch by starting with why you exist, rather than what you do"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}