Slm Corporation · NASDAQ:SLM
Slm — Debt Investor Presentation (October 2021)
20 slides from Slm's debt investor presentation, Oct 25, 2021
Slide 1: Period ended September 30, 2021
Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. Period ended September 30, 2021 Exhibit 99.1
Slide 2: Cautionary Note Regarding Forward-Looking Statements
Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 2 Cautionary Note Regarding Forward-Looking Statements The following information is current as of September 30, 2021 (unless otherwise noted) and should be read in connection with the press release of SLM Corporat
Slide 3: SMB Private Education Loan Trust transactions
Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 3 Date Transaction Date Transaction Date Transaction July 2015 SMB Private Education Loan Trust 2015-B May 2016 SMB Private Education Loan Trust 2016-A February 2017 SMB Private Education Loan Trust 2017-A July 20
Slide 4: Bank. All rights reserved. • • • • • • • • •
Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 4 • • • • • • • • •
Slide 5: Smart Option Serviced Portfolio: 30-59 Day Delinquencies
Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 5 Smart Option Serviced Portfolio: 30-59 Day Delinquencies 0% 2% 4% 6% 8% 10% M ar -1 4 Ju n -1 4 S e p -1 4 D e c- 14 M ar -1 5 Ju n -1 5 S e p -1 5 D e c- 15 M ar -1 6 Ju n -1 6 S e p -1 6 D e c- 16 M ar -1 7 Ju
Slide 6: Smart Option Serviced Portfolio: 60-89 Day Delinquencies
Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 6 Smart Option Serviced Portfolio: 60-89 Day Delinquencies 0% 2% 4% 6% 8% 10% M ar -1 4 Ju n -1 4 S e p -1 4 D e c- 14 M ar -1 5 Ju n -1 5 S e p -1 5 D e c- 15 M ar -1 6 Ju n -1 6 S e p -1 6 D e c- 16 M ar -1 7 Ju
Slide 7: Smart Option Serviced Portfolio: 90+ Day Delinquencies
Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 7 Smart Option Serviced Portfolio: 90+ Day Delinquencies 0% 2% 4% 6% 8% 10% M ar -1 4 Ju n -1 4 S e p -1 4 D e c- 14 M ar -1 5 Ju n -1 5 S e p -1 5 D e c- 15 M ar -1 6 Ju n -1 6 S e p -1 6 D e c- 16 M ar -1 7 Ju n
Slide 8: Smart Option Serviced Portfolio: Forbearance
Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 8 Smart Option Serviced Portfolio: Forbearance 0% 5% 10% 15% 20% 25% 30% 35% 40% M ar -1 4 Ju n -1 4 S e p -1 4 D e c- 14 M ar -1 5 Ju n -1 5 S e p -1 5 D e c- 15 M ar -1 6 Ju n -1 6 S e p -1 6 D e c- 16 M ar -1 7
Slide 9: Smart Option Serviced Portfolio: Annualized Gross Defaults
Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 9 Smart Option Serviced Portfolio: Annualized Gross Defaults 0% 2% 4% 6% 8% 10% M ar -1 4 Ju n -1 4 S e p -1 4 D e c- 14 M ar -1 5 Ju n -1 5 S e p -1 5 D e c- 15 M ar -1 6 Ju n -1 6 S e p -1 6 D e c- 16 M ar -1 7
Slide 10: Cumulative Defaults by P&I Repayment Vintage
Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 10 3.2% 2.5%2.2%1.8% 1.6%0.8% 0% 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 0 1 2 3 4 5 6 7 8 C u m u la ti ve D e fa u lt s a s a % o f D is b u rs e d P ri n c ip a l E n te ri n g P & I R e p a ym e n t Years Since First P
Slide 11: Voluntary CPR by Disbursement Vintage
Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 11 0% 5% 10% 15% 20% 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 % C P R Quarters Since Disbursement Smart Option Student Loans - Serviced Portfolio: All Products Voluntary CPR by Disbursement Vintage (
Slide 12: Total CPR by Disbursement Vintage
Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 12 ► 0% 5% 10% 15% 20% 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 % C P R Quarters Since Disbursement Smart Option Student Loans - Serviced Portfolio: All Products Total CPR by Disbursement Vintage (1)
Slide 13: Default rates by vintage and year
Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 13 0 1 2 3 4 5 6 7 8 9 Total 2010(2) 499 0.8% 1.3% 1.2% 1.1% 0.9% 0.6% 0.4% 0.4% 0.3% 6.9% 2011(2) 1083 0.6% 0.9% 1.2% 1.1% 0.9% 0.7% 0.5% 0.4% 6.4% 2012(2) 1577 0.5% 0.9% 1.3% 1.0% 0.8% 0.7% 0.4% 5.7% 2013(2) 216
Slide 14: Default rates by vintage and year
Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 14 0 1 2 3 4 5 6 7 8 9 Total 2010(2) 491 0.8% 1.3% 1.2% 1.1% 0.9% 0.6% 0.4% 0.4% 0.2% 6.9% 2011(2) 808 0.8% 0.9% 1.1% 0.9% 0.7% 0.5% 0.4% 0.3% 5.6% 2012(2) 810 0.7% 0.7% 0.9% 0.7% 0.6% 0.5% 0.3% 4.4% 2013(2) 823 0
Slide 15: Default rates by vintage and year
Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 15 0 1 2 3 4 5 6 7 8 9 Total 2011(2) 271 0.2% 1.1% 1.5% 1.5% 1.4% 1.1% 0.9% 0.7% 8.5% 2012(2) 520 0.4% 0.9% 1.7% 1.2% 1.1% 0.9% 0.6% 6.8% 2013(2) 697 0.4% 1.0% 1.4% 1.0% 1.0% 0.7% 5.4% 2014(2) 948 0.4% 1.1% 1.3% 1
Slide 16: Default rates by vintage and year
Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 16 0 1 2 3 4 5 6 7 8 9 Total 2012(2) 247 0.1% 1.5% 1.4% 1.6% 1.1% 1.2% 0.7% 7.6% 2013(2) 643 0.1% 1.6% 2.1% 1.4% 1.3% 1.1% 7.6% 2014(2) 993 0.1% 2.5% 2.2% 1.7% 1.4% 7.9% 2015(3) 1139 0.1% 2.8% 2.1% 1.5% 1.1% 0.9%
Slide 17: Bank. All rights reserved.
Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 17
Slide 18: Bank. All rights reserved. o o o o
Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 18 o o o o o o
Slide 19: Bank. All rights reserved.
Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 19
Slide 20: CPR calculation formulas
Confidential and proprietary information. © 2021 Sallie Mae Bank. All rights reserved. 20 𝑃𝑟𝑒𝑝𝑎𝑦𝑚𝑒𝑛𝑡 = 𝑃𝑀𝑇 − 𝑆𝑃 𝑆𝑀𝑀 = 𝑃𝑟𝑒𝑝𝑎𝑦𝑚𝑒𝑛𝑡 𝐸𝑋𝑃⁄ 𝑆𝑅 = 1 − 𝑆𝑀𝑀 𝐶𝑃𝑅 = 1 − 𝑆𝑅 𝑤ℎ𝑒𝑟𝑒: 𝑛 = 𝑞𝑢𝑎𝑟𝑡𝑒𝑟 𝑡 = 𝑚𝑜𝑛𝑡ℎ 𝑜𝑓 𝑞𝑢𝑎𝑟𝑡𝑒𝑟