Slm Corporation · NASDAQ:SLM
Slm — Debt Investor Presentation (February 2023)
19 slides from Slm's debt investor presentation, Feb 21, 2023
Slide 1: Period ended December 31, 2022
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. Period ended December 31, 2022 Exhibit 99.1
Slide 2: Cautionary Note Regarding Forward-Looking Statements
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 2 Cautionary Note Regarding Forward-Looking Statements The following information is current as of December 31, 2022 (unless otherwise noted) and should be read in connection with the press release of SLM Corporati
Slide 3: SMB Private Education Loan Trust transactions
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 3 Date Transaction Date Transaction Date Transaction July 2015 SMB Private Education Loan Trust 2015-B March 2018 SMB Private Education Loan Trust 2018-A August 2020 SMB Private Education Loan Trust 2020-B May 201
Slide 4: Smart Option Serviced Portfolio: 30-59 Day Delinquencies
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 4 Smart Option Serviced Portfolio: 30-59 Day Delinquencies 0% 2% 4% 6% 8% 10% M ar -1 5 Ju n -1 5 S ep -1 5 D ec -1 5 M ar -1 6 Ju n -1 6 S ep -1 6 D ec -1 6 M ar -1 7 Ju n -1 7 S ep -1 7 D ec -1 7 M ar -1 8 Ju n
Slide 5: Smart Option Serviced Portfolio: 60-89 Day Delinquencies
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 5 Smart Option Serviced Portfolio: 60-89 Day Delinquencies 0% 2% 4% 6% 8% 10% M ar -1 5 Ju n -1 5 S ep -1 5 D ec -1 5 M ar -1 6 Ju n -1 6 S ep -1 6 D ec -1 6 M ar -1 7 Ju n -1 7 S ep -1 7 D ec -1 7 M ar -1 8 Ju n
Slide 6: Smart Option Serviced Portfolio: 90+ Day Delinquencies
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 6 Smart Option Serviced Portfolio: 90+ Day Delinquencies 0% 2% 4% 6% 8% 10% M ar -1 5 Ju n -1 5 S ep -1 5 D ec -1 5 M ar -1 6 Ju n -1 6 S ep -1 6 D ec -1 6 M ar -1 7 Ju n -1 7 S ep -1 7 D ec -1 7 M ar -1 8 Ju n -1
Slide 7: Smart Option Serviced Portfolio: Forbearance
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 7 Smart Option Serviced Portfolio: Forbearance 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% M ar -1 5 Ju n -1 5 S ep -1 5 D ec -1 5 M ar -1 6 Ju n -1 6 S ep -1 6 D ec -1 6 M ar -1 7 Ju n -1 7 S ep -1 7 D ec -1 7 M ar -1
Slide 8: Smart Option Serviced Portfolio: Annualized Gross Defaults
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 8 Smart Option Serviced Portfolio: Annualized Gross Defaults 0% 2% 4% 6% 8% 10% M ar -1 5 Ju n -1 5 S ep -1 5 D ec -1 5 M ar -1 6 Ju n -1 6 S ep -1 6 D ec -1 6 M ar -1 7 Ju n -1 7 S ep -1 7 D ec -1 7 M ar -1 8 Ju
Slide 9: Cumulative Defaults by P&I Repayment Vintage
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 9 3.5% 2.8% 2.6% 2.3% 2.3% 1.7% 1.3% 0.8%0% 2% 4% 6% 8% 10% 12% 0 1 2 3 4 5 6 7 8 C u m u la ti ve D e fa u lt s a s a % o f D is b u rs e d P ri n c ip a l E n te ri n g P & I R e p a ym e n t Years Since First P
Slide 10: Prepayment data and footnotes
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 10 Data as of December 31, 2022. (1) Please see pages 18 & 19 for a description and explanation of the data and calculations underlying these charts. (2) Data for all loans from initial disbursement, whether or no
Slide 11: Prepayment data and footnotes
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 11 ► Data as of December 31, 2022. (1) Please see pages 18 & 19 for a description and explanation of the data and calculations underlying these charts. (2) Data for all loans from initial disbursement, whether or
Slide 12: Periodic defaults by repayment vintage
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 12 (1) Please see page 17 for a description and explanation of the data and calculations underlying these charts. (2) Data as of December 31, 2022 for Sallie Mae Bank serviced loans only. (3) Numerator is the Peri
Slide 13: Periodic defaults by repayment vintage
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 13 (1) Please see page 17 for a description and explanation of the data and calculations underlying these charts. (2) Data as of December 31, 2022 for Sallie Mae Bank serviced loans only. (3) Numerator is the Peri
Slide 14: Periodic defaults by repayment vintage
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 14 (1) Please see page 17 for a description and explanation of the data and calculations underlying these charts. (2) Data as of December 31, 2022 for Sallie Mae Bank serviced loans only. (3) Numerator is the Peri
Slide 15: Periodic defaults by repayment vintage
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 15 (1) Please see page 17 for a description and explanation of the data and calculations underlying these charts. (2) Data as of December 31, 2022 for Sallie Mae Bank serviced loans only. (3) Numerator is the Peri
Slide 16: Bank. All rights reserved.
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 16
Slide 17: Bank. All rights reserved. o o o o
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 17 o o o o o o
Slide 18: Bank. All rights reserved.
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 18
Slide 19: Prepayment and CPR calculation formulas
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 19 𝑃𝑟𝑒𝑝𝑎𝑦𝑚𝑒𝑛𝑡 = 𝑃𝑀𝑇 − 𝑆𝑃 𝑆𝑀𝑀 = 𝑃𝑟𝑒𝑝𝑎𝑦𝑚𝑒𝑛𝑡 𝐸𝑋𝑃⁄ 𝑆𝑅 = 1 − 𝑆𝑀𝑀 𝐶𝑃𝑅 = 1 − 𝑆𝑅 𝑤ℎ𝑒𝑟𝑒: 𝑛 = 𝑞𝑢𝑎𝑟𝑡𝑒𝑟 𝑡 = 𝑚𝑜𝑛𝑡ℎ 𝑜𝑓 𝑞𝑢𝑎𝑟𝑡𝑒𝑟