SmartArt is a great new feature that Microsoft added in PowerPoint — yet many users want to convert their SmartArt graphic to bulleted text, or even to individual editable shapes that can be manipulated further. Yes, you can convert SmartArt to individual shapes, but do remember that this is a one-way process, and you lose any edit-ability for the SmartArt graphic from that point of time. However, converting to shapes does mean that you have complete control over moving, resizing, deleting, or formatting individual shapes.
Learn how to convert a SmartArt graphic to shapes in PowerPoint 2013 for Windows.

