Consumer Portfolio Services, Inc. · NASDAQ:CPSS
Consumer Portfolio Services — Investor Presentation (March 2026)
19 slides from Consumer Portfolio Services's investor presentation, Mar 24, 2026
Slide 1: The Subprime Source Since 1991 - December 2025 Investor Presentation
The Subprime Source Since 1991 December 2025 Investor Presentation
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT Forward - looking statements in this presentation include the Company’s expectations of growth and the Company's recorded figures representing allowances for remaining expected lifetime credit losses, its estimates of fair value (most significantly for its receivables accounted
Slide 3: Company Overview
COMPANY OVERVIEW Consumer Portfolio Services specializes in purchasing and servicing automobile contracts originated by licensed motor vehicle dealers in the sale of new and used automobiles, light trucks and passenger vans. Through our purchases, we provide indirect financing to dealers for sub - p
Slide 4: The CPS Advantage
THE CPS ADVANTAGE • Repo - Skip Scorecard • Deficiency Scorecard • Dealer Scorecard • Asset Scorecard • Collection Behavior Scorecard • Extension Scorecard • Applicant Scorecard • Deal Scorecard • Early Payment Default Scorecard Originations Servicing (Collection) Servicing (Recovery) Asset & Dealer
Slide 5: Leadership
LEADERSHIP Charles “Brad” Bradley CEO, Chairman of the Board • CEO since 1992 • Chairman of the Board since 2001 • 35 years at CPS Mike Lavin President, COO, CLO • President since 2022 • COO since 2019. CLO since 2014 • 25 Years at CPS Danny Bharwani CFO • CFO since 2022 • 29 years at CPS CPS’ senio
Slide 6: Market
MARKET • $1.6 trillion auto loans outstanding at Q3 2025 (1) • ~15% of auto financings in Q3 2025 were sub - prime (1) Large Total Addressable Market (TAM) • Capital - intensive • Highly regulated industry High Barrier to Entry • Few dominant players • Compete on rates and fees Small, Fragmented Mar
Slide 7: Product Offering
PRODUCT OFFERING Meta 13.93% $102,701 5% Preferred 15.98% $91,887 18% Super Alpha 18.35% $82,331 20% Alpha Plus 20.60% $84,263 20% Alpha 21.88% $64,730 28% Standard 23.49% $61,205 7% Mercury / Delta 24.33% $57,500 1% First Time Buyer 23.89% $46,773 1% Overall 19.65% $22,976 $20,906 $16,855 $15,098 $
Slide 8: Origination Characteristics
ORIGINATION CHARACTERISTICS 100.0% 105.0% 110.0% 115.0% 120.0% 125.0% 130.0% Loan to Value 8.5% 9.0% 9.5% 10.0% 10.5% 11.0% 11.5% 12.0% Payment to Income 590 585 580 575 570 565 560 555 550 545 FICO 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% APR $0 $5,000 $10,000 $15,000 $20,000 $25,000 Amount Financed 72.0
Slide 9: Demand for Our Lending Programs
DEMAND FOR OUR LENDING PROGRAMS 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 Applications vs. Funded Loans Approved Applications 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Applications Contracts Funded 46% Average Approval Rate 10,000 Approved Dealer Network Stro
Slide 10: Who Is Our Customer?
WHO IS OUR CUSTOMER? CPS Customer 41 Years Old on Average 5 Years Average Job Time 7 Years Average Length at Residence 8 Years Credit History on Average 24.0% Homeowners 10.6% Average Payment to Income $76,443 Average Household Income 34.2% Average Debt to Income 10 Amounts for CPS programs for cont
Slide 11: What Do Our Customers Drive?
WHAT DO OUR CUSTOMERS DRIVE? Certified Pre - Owned, 18% Pre - Owned, 72% VEHICLE TYPE New, 10% Factory Franchised, 71% ORIGINATING DEALERSHIP Independent, 29% Domestic, 48% 11 Charts show data of CPS programs for contracts purchased for the twelve months ended December 31, 2025. Imports , 52% VEHICL
Slide 12: Portfolio Performance
PORTFOLIO PERFORMANCE Data shown is CNL performance by origination quarter, and as of December 31, 2025. 12 22.00% 20.00% 18.00% 16.00% 14.00% 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% CNL Percentage 2016 - Q2 2018 - Q4 2021 - Q2 2023 - Q4 2016 - Q3 2019 - Q1 2021 - Q3 2024 - Q1 2016 - Q4 2019 - Q
Slide 13: Economic Model
ECONOMIC MODEL Interest Income December 31, 2024 11.4% Mark to Fin. Recs. at FV 0.6% Servicing and Other Income 0.2% Interest Expense (6.1%) Net Interest Margin 6.1% Provision for Credit Losses 0.1% Core Operating Expenses (5.4%) Pretax Return on Assets 0.8% 0.9% 0.9% nded (1) Quarter E December 31,
Slide 14: Summary Balance Sheet
SUMMARY BALANCE SHEET December 31, 2025 December 31, 2024 Assets Cash $ $ Restricted cash 11.7 125.7 Finance receivables, net of allowance 5.0 Finance receivables, measured at fair value 3,313.8 Other assets 6.3 165.9 0.5 3,655.9 29.6 37.7 3,858.2 $ 3,493.9 $ Liabilities Accounts payable and accrued
Slide 15: Summary Statement of Operations
SUMMARY STATEMENT OF OPERATIONS (1) Numbers may not add due to rounding. December 31, 2025 December 31, 2024 Interest income 422.7 $ Mark to finance receivables at fair value 6.5 $ 364.0 21.0 Other income 5.3 8.5 Total Revenues 434.5 393.5 Employee costs 95.4 96.2 General and administrative 82.0 83.
Slide 16: Selected Financial Data
SELECTED FINANCIAL DATA ($ in millions) December 31, 2025 December 31, 2024 Auto contract purchases 1,638.3 Total portfolio 3,778.7 Risk - adjusted margin (1) 205.4 $ $ $ Core operating expenses (2) $ Amount 177.4 $ % of avg. managed portfolio 4.8% $ 1,681.9 $ 3,491.0 $ 207.6 $ 180.1 5.6% Pretax ret
Slide 17: Shareholder Value
SHAREHOLDER VALUE Growing Shareholder Value NASDAQ Listed Stock - Ticker Symbol: CPSS $0 $2,500 $5,000 $7,500 $10,000 $12,500 $15,000 $17,500 $20,000 $22,500 $25,000 $27,500 $30,000 $32,500 $35,000 $37,500 $40,000 Dec - 18 Mar - 19 Jun - 19 Sep - 19 Dec - 19 Mar - 20 Jun - 20 Sep - 20 Dec - 20 Mar -
Slide 18: Investment Outlook
INVESTMENT OUTLOOK Continuous Growth Strong macroeconomic factors AI - driven Originations Scorecard Strong Fundamentals • Originations volumes are driving top line revenue growth • Managed portfolio is at largest amount in company history • Shareholder value continues to increase • Raised Wtd. Avg
Slide 19: Reference to Public Reports
REFERENCE TO PUBLIC REPORTS Any person considering an investment in securities issued by CPS is urged to review the materials filed by CPS with the U.S. Securities and Exchange Commission ("Commission"). Such materials may be found by inquiring of the Commission‘s EDGAR search page www.sec.gov/edgar
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