Altisource Portfolio Solutions S.a. · NASDAQ:ASPS

Altisource Portfolio Solutions — Bank of America Merrill Lynch 2014 Leveraged Finance Conference

18 slides from Altisource Portfolio Solutions's conference presentation, Dec 2, 2014

1. Slide 1: Bank of America Merrill Lynch 2014 Leveraged Finance Conference

   © 2014 Altisource. All rights reserved. Proprietary and Confidential. December 2014 Bank of America Merrill Lynch 2014 Leveraged Finance Conference

2. Slide 2: Forward-Looking Statements / Non-GAAP Measures

   © 2014 Altisource. All rights reserved. Proprietary and Confidential. Page | 1 Forward-Looking Statements / Non-GAAP Measures This presentation contains forward-looking statements. These statements may be identified by words such as “anticipate,” “intend,” “expect,” “may,” “could,” “should,” “would,

3. Slide 3: Table of Contents

   © 2014 Altisource. All rights reserved. Proprietary and Confidential. Page | 2 Table of Contents Business Overview 3 Growth Initiatives 8 Financial Performance 11 Appendix . 15

4. Slide 4: Business Overview

   © 2014 Altisource. All rights reserved. Proprietary and Confidential. Page | 3 Business Overview

5. Slide 5: Business Overview

   © 2014 Altisource. All rights reserved. Proprietary and Confidential. Page | 4 Business Overview . Services to the real estate and mortgage marketplaces that are typically outsourced by loan servicers, originators and home owners . Accounts receivable management and customer relationship management

6. Slide 6: Mortgage Services – Summary

   © 2014 Altisource. All rights reserved. Proprietary and Confidential. Page | 5 Mortgage Services – Summary (1) Operating margin is calculated using service revenue, which we define as revenue less revenue from expense reimbursement and non-controlling interest (2) Does not include eliminations. Some

7. Slide 7: Financial Services – Summary

   © 2014 Altisource. All rights reserved. Proprietary and Confidential. Page | 6 Financial Services – Summary (1) Operating margin is calculated using service revenue, which we define as revenue less revenue from expense reimbursement and non-controlling interest (2) Operating income and margin exclud

8. Slide 8: Technology Services – Summary

   © 2014 Altisource. All rights reserved. Proprietary and Confidential. Page | 7 Technology Services – Summary 45.3 47.5 52.0 56.1 74.2 103.9 200.9 $0 $30 $60 $90 $120 $150 $180 $210 $240 2008 2009 2010 2011 2012 2013 9/30/14 LTM Segment Service Revenue ($mm) . Revenue growth primarily from Ocwen’s po

9. Slide 9: Growth Initiatives

   © 2014 Altisource. All rights reserved. Proprietary and Confidential. Page | 8 Growth Initiatives

10. Slide 10: Growth Initiatives

    © 2014 Altisource. All rights reserved. Proprietary and Confidential. Page | 9 — Supporting Ocwen — Expanding Hubzu to other institutions and the non-distressed home sale market — Providing asset management services to the single family rental market Marketplace: Real Estate — Supporting Ocwen — Gro

11. Slide 11: Owners.com Acquisition

    © 2014 Altisource. All rights reserved. Proprietary and Confidential. Page | 10 Owners.com Acquisition About Owners.com . One of the largest for-sale-by-owner and flat fee nationwide Multiple Listing Service . Offers home sellers access to the key professional listing boards necessary to market a ho

12. Slide 12: Financial Performance

    © 2014 Altisource. All rights reserved. Proprietary and Confidential. Page | 11 Financial Performance

13. Slide 13: Historical Performance

    © 2014 Altisource. All rights reserved. Proprietary and Confidential. Page | 12 Historical Performance 186.7 247.0 334.8 466.9 662.1 913.3 20% 22% 26% 27% 24% 23% 0% 10% 20% 30% $0 $100 $200 $300 $400 $500 $600 $700 $800 2009 2010 2011 2012 2013 9/30/14 LTM Service Revenue ($ millions)(2) Operating

14. Slide 14: Historical Performance

    © 2014 Altisource. All rights reserved. Proprietary and Confidential. Page | 13 26.0 49.3 71.1 110.6 130.0 171.5 14% 20% 21% 24% 20% 19% -2% 3% 8% 13% 18% 23% 28% 33% 38% $0 $20 $40 $60 $80 $100 $120 $140 $160 $180 $200 2009 2010 2011 2012 2013 9/30/14 LTM Net Income Attributable to Altisource(2) ($

15. Slide 15: Key Debt Metrics

    © 2014 Altisource. All rights reserved. Proprietary and Confidential. Page | 14 Key Debt Metrics (1) Interest coverage is defined as EBIT as a ratio of interest expense. EBIT is defined as net income attributable to Altisource plus income taxes and net interest expense. Please see appendix for recon

16. Slide 16: Appendix

    © 2014 Altisource. All rights reserved. Proprietary and Confidential. Page | 15 Appendix

17. Slide 17: Historical Financial Information – Non-GAAP Reconciliation

    © 2014 Altisource. All rights reserved. Proprietary and Confidential. Page | 16 Historical Financial Information – Non-GAAP Reconciliation Year Ended December 31, LTM ($ mm) 2009 2010 2011 2012 2013 9/30/14 Net Income Attributable to Altisource $26.0 $49.3 $71.1 $110.6 $130.0 $171.5 Income tax provi

18. Slide 18: About Altisource

    © 2014 Altisource. All rights reserved. Proprietary and Confidential. Page | 17 About Altisource We are a premier marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries offering both distribution and content. We leverage proprietary business process

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