Ditech — Walter Investment Management — Debt Investor Presentation (October 2017)
15 slides from Ditech's debt investor presentation, Oct 23, 2017
Slide 1: Walter Investment Management Corp. October 2017
Highly Confidential Subject to Express Confidentiality Agreement Subject to FRE 408 Walter Investment Management Corp. October 2017
Slide 2: Disclaimer
Highly Confidential Subject to Express Confidentiality Agreement DISCLAIMER Subject to FRE 408 CONFIDENTIAL INFORMATION This document has been prepared by Walter Investment Management Corp. (“Walter”), and is for information purposes only. By accepting this document, you hereby acknowledge that (a)
Slide 3: Disclaimer (cont.)
Highly Confidential Subject to Express Confidentiality Agreement DISCLAIMER (cont.) Subject to FRE 408 • potential costs and uncertainties, including the effect on future revenues, associated with and arising from litigation, regulatory investigations and other legal proceedings, and uncertainties r
Slide 4: Disclaimer (cont.)
Highly Confidential Subject to Express Confidentiality Agreement DISCLAIMER (cont.) Subject to FRE 408 • our ability to realize all anticipated benefits of past, pending or potential future acquisitions or joint venture investments; • the effects of competition on our existing and potential future b
Slide 5: Disclaimer (cont.) - Certain Company Forecasts
Highly Confidential Subject to Express Confidentiality Agreement DISCLAIMER (cont.) Subject to FRE 408 CERTAIN COMPANY FORECASTS Walter does not publicly disclose detailed financial projections and forecasts as to future performance, earnings or other results due to various reasons, including the un
Slide 6: Introduction
Highly Confidential Subject to Express Confidentiality Agreement Introduction Subject to FRE 408 ï,¡ On July 31, 2017, Walter Investment Management Corp. (the “Company”) entered into a Restructuring Support Agreement (the “Term Loan RSA”) with lenders under its Amended and Restated Credit Agreement,
Slide 7: Summary Financial Bridge
Highly Confidential Subject to Express Confidentiality Agreement Summary Financial Bridge Subject to FRE 408 Summary Projected Financial Bridge ï,¡ The exhibit to the right bridges AEBITDA and liquidity, as it was detailed in the previous disclosure materials dated July 2017, to the Company’s Revise
Slide 8: Three-Year Financial Projections
Highly Confidential Subject to Express Confidentiality Agreement Three-Year Financial Projections Subject to FRE 408 Projected Financial Performance(1) $ millions FY 2017 FY 2018 FY 2019 Note: Numbers may not foot due to rounding Projected Projected Projected (1) Includes actual unaudited results fo
Slide 9: Select Assets & Liabilities
Highly Confidential Select Assets & Liabilities – Subject to Express Confidentiality Agreement Historical and Projected Subject to FRE 408 Select Assets & Liabilities – Pro Forma for the Proposed Transaction(1) $ millions Actual Projected(2) 12/31/2016 3/31/2017 6/30/2017 9/30/2017(3) 12/31/2017 12/
Slide 10: Select Asset Detail - Historical and Projected
Highly Confidential Subject to Express Confidentiality Agreement Select Asset Detail – Historical and Projected Subject to FRE 408 Residential Loans, Net Detail $ millions 3/31/2017 6/30/2017 9/30/2017 12/31/2017 12/31/2018 12/31/2019 Actual Actual Projected(1) Projected Projected Projected Securiti
Slide 11: Use of Non-GAAP Measures and Definitions
Highly Confidential Subject to Express Confidentiality Agreement Use of Non-GAAP Measures and Definitions Subject to FRE 408 We manage our Company in three reportable segments: Servicing, Originations and Reverse Mortgage. We evaluate the performance of our business segments through the following me
Slide 12: Use of Non-GAAP Measures and Definitions
Highly Confidential Subject to Express Confidentiality Agreement Use of Non-GAAP Measures and Definitions Subject to FRE 408 Adjusted Earnings (Loss) and Adjusted EBITDA should not be considered as alternatives to (i) net income (loss) or any other performance measures determined in accordance with
Slide 13: Reconciliation of Non-GAAP Items - 2017
Highly Confidential Subject to Express Confidentiality Agreement Reconciliation of Non-GAAP Items Subject to FRE 408 Reconciliation of Non-GAAP Items – 2017(1) $ millions For the Year Ending December 31, 2017 Servicing Originations Reverse Other Total Net Loss $ (335.3) Adjust for income tax expense
Slide 14: Reconciliation of Non-GAAP Items - 2018
Highly Confidential Subject to Express Confidentiality Agreement Reconciliation of Non-GAAP Items Subject to FRE 408 Reconciliation of Non-GAAP Items – 2018 $ millions For the Year Ending December 31, 2018 Servicing Originations Reverse Other Total Net Loss $ (109.5) Adjust for income tax expense 0.
Slide 15: Reconciliation of Non-GAAP Items - 2019
Highly Confidential Subject to Express Confidentiality Agreement Reconciliation of Non-GAAP Items Subject to FRE 408 Reconciliation of Non-GAAP Items – 2019 $ millions For the Year Ending December 31, 2019 Servicing Originations Reverse Other Total Net Income $ 12.7 Adjust for income tax expense 0.4
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