Finance Of America Companies Inc. · NYSE:FOA

Finance Of America Companies — Q4 2024 Earnings Presentation

17 slides from Finance Of America Companies's earnings presentation, Mar 11, 2025

  1. Slide 1: Finance of America Companies

    © 2025 Finance of America Companies

  2. Slide 2: Disclaimer: Forward-Looking Statements

    Disclaimer 2 Forward-Looking Statements This presentation includes “forward-looking statements" within the meaning of the “safe harbor” provisions of the USS. Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts or statements of current conditions, bu

  3. Slide 3: The Finance of America Investment Thesis

    SECTION 1 The Finance of America Investment Thesis Our Great Ambition pase 4 Investment Thesis pase - COMPANIES -

  4. Slide 4: Source 1) National Reverse Mortgage Lender’s Association; https://www.nrmlaonline.org Source 2 ) deloitte.com/us/en/i…

    4 Source 1) National Reverse Mortgage Lender’s Association; https://www.nrmlaonline.org Source 2 ) deloitte.com/us/en/insights/industry/financial-services/closing-retirement- savings-gap.html

  5. Slide 5: $14 Trillion senior home equity

    5 $14 TRILLION 79% 40% 54% Sources: 1) National Reverse Mortgage Lender’s Association; https://www.nrmlaonline.org; 2) https://www.census.gov/housing/hvs/files/currenthvspress.pdf; 3) https://www.nrmlaonline.org/about/press-releases/senior-home-equity-levels-reach-13-08t-in-q3 ; https://fred.stlouis

  6. Slide 6: Source 1) https://www.nrmlaonline.org/about/press-releases/senior-home-equity-hits-14-trillion-in-q2

    6 Source 1) https://www.nrmlaonline.org/about/press-releases/senior-home-equity-hits-14-trillion-in-q2

  7. Slide 7: Company scale and leadership position

    7 #1 $19.7bn ~750 $10.1bn EMPLOYEES $0 31.0% 32 20+ YEARS Sources 1) Reverse Mortgage Insight (RMI) as of 12/31/2024; 2) newviewadvisors.com/commentary/2024-full-year-hmbs-issuer-league-tables/ The Company information presented in this slide is as of 12/31/2024

  8. Slide 8: Broad Marketing Reach and Broker Originator Market

    8 8 • Broad Marketing Reach • Leadership Position with Advertising Reaching • Immense Scale 20 million Consumers Annually • Growing Broker Originator Market • Built on Over $1bn Combined Investment in • Activating and empowering Product Education and brokers across the U.S. Awareness • Industry-lead

  9. Slide 9: Innovation Engine

    03 Innovation Engine Finance of America’s Innovative Home Equity Developing Demand Product Strategy Solves for Customer Need Gap Driven Solutions , Interaction Helps Us Identify Gaps in Product Offering eo? eco of .0e® ee, e ® e ee e M Par ORE DATA > °° SP eccccce 3. e Al Assisted é ° 208 Insights I

  10. Slide 10: *Subject to State Age Requirements and Availability

    10 *Subject to State Age Requirements and Availability

  11. Slide 11: FY 2024 Supplement

    FY 2024 Supplement FY 2024 Highlights page 12 Return to Profitability pace is Income Statement Trend pase 14 FINANCE of AMERICA - COMPANIES -

  12. Slide 12: FY 2024 Highlights

    FY 2024 SUPPLEMENT it = FINANCE of AMERICA FY 2024 Highlights “Eom PANIES Graham Fleming, CEO Kristen Sieffert, President Matt Engel, CFO * Finance of America has achieved * In 2024, FOA unified under one * Increased volumes, improved positive financial performance for the year, with a Net Income fr

  13. Slide 13: Return to Profitability

    13 • • • *Non-GAAP Financial Measure; see “Non-GAAP Reconciliation” on Slide 13

  14. Slide 14: Income Statement Trend

    FY 2024 SUPPLEMENT Income Statement Trend ($ Millions) For the full year ended Dec 31, 2023 For the full year ended Dec 31, 2024 Given the increase in the fair value of residuals, a reduction in fair value changes from model amortization led to an increase in accreted yield on our portfolio. Net Ori

  15. Slide 15: Appendix

    APPENDIX FINANCE of AMERICA - COMPANIES -

  16. Slide 16: Non-GAAP Reconciliation

    Non-GAAP Reconciliation All values in $ Millions 2022 2023 2024 Pre-tax income (loss) ($343) ($167) $43 Adjustments for: Changes in fair value 334 (24) (75) Amortization and impairment of goodwill and intangible assets 47 44 38 Share-based compensation® 22 19 9 Certain non-recurring costs‘ 19 14 4 A

  17. Slide 17: Let's Unlock America's Greatest Retirement Asset

    Let’s Unlock America’s Greatest Retirement Asset Co For more information visit us online: IR.FinanceOfAmericaCompanies.com f 1 Or email us at: Y IR@FinanceOfAmerica.com

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