Omni Financial Services Inc · OTC:OFSI
Omni Financial Services — Investor Presentation (August 2007)
16 slides from Omni Financial Services's investor presentation, Aug 16, 2007
Slide 1: Omni Financial Services, Inc.
Omni Financial Services, Inc.
Slide 2: Forward Looking Statements
Forward Looking Statements During the course of this presentation, management may make projections and forward-looking statements regarding events or the future financial performance of Omni Financial Services, Inc. We wish to caution you that these forward-looking statements involve certain risks a
Slide 3: Omni - A History of Executing on Opportunities
$0 $100 $200 $300 $400 $500 $600 $700 $800 $900 $1,000 Q207 Omni - A History of Executing on Opportunities March 2000: Completed acquisition of United National Bank, a troubled, minority-owned bank in Fayetteville, NC March 2001: Formed Omni Community Development Corporation July 2005: Acquired Geor
Slide 4: Stock Overview
Stock Overview IPO Date: September 28, 2006 NASDAQ Symbol: OFSI Insider Ownership (1): Shares Outstanding (2): 11,218,148 Market Capitalization (1): $96.4 Million Average Daily Volume (3): 19,274 Notes: (1) As of 8/13/07 (2) As of 6/30/07 (3) Last 13 weeks per NASDAQ at 8/13/07
Slide 5: Omni Financial Overview
Omni Financial Overview Strong Organic Growth Potential – Current markets, new markets – Atlanta – Chicago – Tampa – Philadelphia – Birmingham – Charlotte – Dallas, TX – Fayetteville, NC – Dalton, GA Focused on Exceptional EPS and ROAE - year EPS CAGR (1) - Targeted 15% EPS Growth Annually - Target
Slide 6: Results - An Uncommonly High Performer
14 (Omni = 13.7%) 45 (Omni = 0.17%) 756 1,062 2 (Omni = 45.9%) Results – An Uncommonly High Performer Omni is one of only 2 publicly traded banks that meets these size, growth, performance and asset quality metrics (1) 5 Year EPS CAGR > 40% (FY2001 - FY2006) Average ROAE > 13% (FY2003 – FY2006) Aver
Slide 7: Balance Sheet Growth
CAGR: 38.2% (1) CAGR: 37.7% (1) $68.4 $103.6 $105.0 $144.5 Balance Sheet Growth Unique Business Model and Attractive Markets have Yielded Impressive Growth 22% 2007 YTD’07 net loan growth 48% net loan growth vs June (1) 5.50 year CAGR measured through June 30, 2007 $212.3 $317.7 $477.0 $702.8 $857.2
Slide 8: Profitability: Growth in Net Income and Diluted EPS
5-Year CAGR: 79.9% 5-Year CAGR: 45.9% $0.11 $0.23 $0.50 $0.51 $0.66 $0.36 $0.28 $0.00 $0.10 $0.20 $0.30 $0.40 $0.50 $0.60 $0.70 YTD 06 YTD 07 Fully Diluted Earnings Per Share Profitability Growth in Net Income and Diluted EPS (1)(2) is Our Primary Focus YTD net income growth (3) (1) Net Income and F
Slide 9: Profitability: Future Efficiency Gains
Profitability Future Efficiency Gains will Enhance Profitability Significant infrastructure investment to support current operations New corporate headquarters in Atlanta during 2005 198 current employees vs 64 in 2001 offices in states vs offices in states in YTD 07 Efficiency Ratio
Slide 10: Profitability: Net Interest Margin
Profitability Q1 06 Q2 06 Q3 06 Q4 06 Q1 07 Q2 07 Earning Asset Yield Cost of Funds Net Interest Margin Net Interest Margin calculated on a fully tax equivalent basis
Slide 11: Profitability: Deferred Income
Profitability $0 $500 $1,000 $1,500 $2,000 Q306 Q406 Q107 Q207 Deferred Income ($ in thousands) Deferred Fee Income Deferred Gain on Sale of OREO
Slide 12: Loan Portfolio Composition
Loan Portfolio Composition $468,792 $502,590 $573,266 $612,496 Gross loans 3,048 2,375 2,346 2,614 Consumer 93,888 102,018 120,704 123,256 Commercial and industrial 19,973 20,254 19,226 18,385 Residential real estate 181,248 184,015 199,595 222,586 Commercial real estate 117,504 132,162 156,863 174,
Slide 13: Loan Production by Product
Loan Production by Product $119,728 $118,506 $136,364 $128,204 Total Loan Production 31,255 24,260 18,124 22,384 Commercial and industrial 31,768 30,916 32,753 44,622 Commercial real estate 50,164 50,807 61,617 52,555 Community redevelopment $6,541 $12,523 $23,870 $8,643 Real estate-construction Q30
Slide 14: Stringent Credit Administration
Stringent Credit Administration Vital Aspect of Omni's Culture Problem loan workout experience – Acquired NPAs: United National Bank, Georgia Community Bank Dedicated legal staff (1) Annualized Q2 07 NPLs / Gross Loans YTD 07 (1) NCOs / Average Loans
Slide 15: Stringent Credit Administration
Stringent Credit Administration Ability to dispose of OREO with minimal losses (1) Annualized Q2 07 NPAs/Gross Loans and OREO YTD 07 (1) NCO & Gain/Loss on Sale of REO / Avg Loans and OREO NCOs / Average Loans NCO & Gain/Loss on Sale of REO / Avg Loans and OREO
Slide 16: Undervalued Opportunity
Undervalued Opportunity Current Market Price (8/13/07) $8.59 Trading Multiples: Value Multiple Peer Multiple (4) EPS (1) $0.60 14.32x 13.77x Book Value (2) $6.41 Tangible BV Per Share (2) $5.89 Quarterly Dividend (2) $0.05 Annualized Dividend (3) $0.20 Notes: (1) LTM diluted EPS. (2) Based on 6/30/0
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