Consumer Portfolio Services, Inc. · NASDAQ:CPSS
Consumer Portfolio Services — Investor Presentation (December 2025)
19 slides from Consumer Portfolio Services's investor presentation, December 2025
Slide 1: The Subprime Source Since 1991
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 f
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-pri
Slide 4: The CPS Advantage
THE CPS ADVANTAGE CPS is a leader in Machine Learning (ML) and Artificial Intelligence (AI). • Industry leading disciplined modeling framework: Linear/Logistic Regression, Neural Network, Decision Tree, Ensemble Model, Time Series, Machine Learning, Random Forest Proprietary • Continuous model train
Slide 5: Leadership
LEADERSHIP CPS’ senior management team consists of 13 executives that are led by Brad, Mike, Robert and Danny. Each has significant industry experience and, on average, 25 years with CPS. Combined, senior management has over 300 years of auto lending experience just at CPS. Charles “Brad” Bradley Mi
Slide 6: Market
MARKET Dynamics Footprint • $1.6 trillion auto loans outstanding at Q3 Large Total Addressable 2025(1) Market (TAM) • ~15% of auto financings in Q3 2025 were sub- prime(1) • Capital-intensive 10% High Barrier to Entry 6% • Highly regulated industry 6% Small, Fragmented • Few dominant players Market
Slide 7: Product Offering
PRODUCT OFFERING Avg. Amount Household Avg. Time on Program (1) Avg. Yield Financed Income Job (years) Avg. FICO % of Purchases Meta 13.93% $26,364 $102,701 8.8 656 5% Preferred 15.98% $27,086 $91,887 7.2 591 18% Super Alpha 18.35% $25,757 $82,331 5.7 568 20% Alpha Plus 20.60% $22,976 $84,263 5.1 55
Slide 8: Origination Characteristics
ORIGINATION CHARACTERISTICS Payment to Income FICO Loan to Value 590 12.0% 130.0% 585 11.5% 125.0% 580 11.0% 575 120.0% 10.5% 570 115.0% 565 10.0% 110.0% 560 9.5% 555 105.0% 9.0% 550 100.0% 8.5% 545 Amount Financed Original Term APR 72.0 $25,000 25.0% 71.5 71.0 $20,000 20.0% 70.5 70.0 $15,000 69.5 1
Slide 9: Demand for Our Lending Programs
DEMAND FOR OUR LENDING PROGRAMS 10,000 Applications vs. Funded Loans 46% Approved 3,500,000 Average Dealer Approval Network 3,000,000 Rate 2,500,000 Answers 2,000,000 Selective Within Funding Seconds to 1,500,000 Dealers 1,000,000 Strong Auto 500,000 Demand for Decisioning our Lending 0 Proprietary
Slide 10: Who Is Our Customer?
WHO IS OUR CUSTOMER? 41 Years Old on Average 34.2% 5 Years Average Average Job Debt to Time Income $76,443 Average CPS 7 Years Average Household Income Customer Length at Residence 10.6% 8 Years Average Credit Payment to History on Income Average 24.0% Homeowners Amounts for CPS programs for contrac
Slide 11: What Do Our Customers Drive?
WHAT DO OUR CUSTOMERS DRIVE? ORIGINATING DEALERSHIP Independent, 29% VEHICLE TYPE New, 10% Certified Pre- Owned, 18% Factory VEHICLE MAKE Franchised, 71% Pre-Owned, Domestic, 72% 48% Imports , 52% Charts show data of CPS programs for contracts purchased for the twelve months ended December 31, 2025.
Slide 12: Portfolio Performance
PORTFOLIO PERFORMANCE 22.00% 20.00% 18.00% 16.00% 14.00% CNL Percentage 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59 61 63 65 67 69 71 73 75 77 79 81 83 Months Seasoned 2016- Q1 2016-Q2 2016-Q3 2016-Q4 2017- Q1 2017-
Slide 13: Economic Model
ECONOMIC MODEL Quarter Ended (1) Twelve Months Ended (1) December 31, 2025 December 31, 2024 December 31, 2024 Interest Income 11.5% 11.4% 11.4% Mark to Fin. Recs. at FV 0.0% 0.6% 0.6% Servicing and Other Income 0.1% 0.2% 0.2% Interest Expense (6.3%) (6.1%) (6.1%) Net Interest Margin 5.3% 6.1% 6.1%
Slide 14: Summary Balance Sheet
SUMMARY BALANCE SHEET Summary Balance Sheet ($ in millions) (1) December 31, 2025 December 31, 2024 Assets Cash $ 6.3 $ 11.7 Restricted cash 165.9 125.7 Finance receivables, net of allowance 0.5 5.0 Finance receivables, measured at fair value 3,655.9 3,313.8 Other assets 29.6 37.7 $ 3,858.2 $ 3,493.
Slide 15: Summary Statement of Operations
SUMMARY STATEMENT OF OPERATIONS Summary Statement of Operations ($ in millions) (1) Twelve Months Ended December 31, December 31, 2025 2024 Interest income $ 422.7 $ 364.0 Mark to finance receivables at fair value 6.5 21.0 Other income 5.3 8.5 Total Revenues 434.5 393.5 Employee costs 95.4 96.2 Gene
Slide 16: Selected Financial Data
SELECTED FINANCIAL DATA Twelve Months Ended December 31, December 31, ($ in millions) 2025 2024 Auto contract purchases $ 1,638.3 $ 1,681.9 Total portfolio $ 3,778.7 $ 3,491.0 Risk-adjusted margin (1) $ 205.4 $ 207.6 Core operating expenses (2) $ Amount $ 177.4 $ 180.1 % of avg. managed portfolio 4.
Slide 17: Shareholder Value
SHAREHOLDER VALUE $40,000 Pre-tax Income $ in Thousands - Left Axis Diluted Book Value per Share in $ - Right Axis $15.00 $37,500 Book Value per Share in $ - Right Axis $14.00 $35,000 $13.00 $32,500 $12.00 Growing Shareholder $30,000 $11.00 Value $27,500 $10.00 $25,000 $9.00 $22,500 $8.00 $20,000 $7
Slide 18: Investment Outlook
INVESTMENT OUTLOOK Continuous Strong macroeconomic AI-driven Originations Strong Fundamentals Growth factors Scorecard • Originations volumes are • Raised Wtd. Avg APRs in • Improves efficiency and • Continuous growth in driving top line revenue originations from 17.72% customer satisfaction interes
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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