Slide 1: First Quarter 2006 Earnings Call
ECC Capital Corporation www.ecccapital.com First Quarter 2006 Earnings Call May 11, 2006
Slide 2: Safe Harbor Statement
Safe Harbor Statement Certain statements contained in this press release, including statements relating to ECC Capital’s portfolio performance, plans for its held for sale loan portfolio, sources of liquidity, warehouse capacity and its recovery of prior year taxes, may be deemed forward-looking sta
Slide 3: Opening Comments
Opening Comments Shabi Asghar President & Co-CEO 3
Slide 4: Business Overview
Business Overview Production Volume of $ 1.7 Billion Cost to Originate of 2.58% (excluding restructuring charges) 1st Quarter Loss of $6.4 Million Completing Securitization of Approximately $1 Billion Q2 Dividend Suspended Engaged Strategic Advisors 4
Slide 5: Financials
Financials Roque Santi, CFO 5
Slide 6: Consolidated Income Statement
Consolidated Income Statement 6
Slide 7: Total Cost to Originate
Total Cost to Originate First Quarter Cost to Originate 2.58% Cost Included Points and fees received, net of yield spread premium paid All general and administrative costs Costs not included Servicing fees paid Restructuring costs 7
Slide 8: Consolidated Balance Sheet
Consolidated Balance Sheet D o lla rs in th o u sa n d s M a rch 3 1 , 2 0 0 6 D ecem b er 3 1 , 2 0 0 5 C ash $ 4 8 ,2 3 5 $ 4 6 ,9 0 4 R estricted cash 3 ,2 9 5 1 8 ,6 0 0 O th er receiv ab les 2 4 ,7 8 3 2 4 ,9 6 6 R esid u al in terests 1 6 ,3 3 1 1 4 ,7 5 3 D eriv ativ es 7 0 ,7 1 5 5 8 ,9 4 8
Slide 9: Average Whole Loan Sales Executions
Average Whole Loan Sales Executions 4th Quarter 2005 100.9% 1st Quarter 2006 99. 8% * April 2006 101.7% * Significant portion of loans sold in Q1’06 were committed trades in December 2005 9
Slide 10: ECC
ECC CAPITAL CORPORATION y 10 \ © CopyriGHt 2006 ECC Carita CorPoraTION