Adamas Trust, Inc. · NASDAQ:ADAM
Adamas Trust — New York Mortgage Trust — JMP Securities Financial Services & Real Estate Conference 2016
10 slides from Adamas Trust's conference presentation, Sep 27, 2016
Slide 1: New York Mortgage Trust
New York Mortgage Trust Stable Income | Long Term Value JMP Securities Investors Conference September 27, 2016
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taki
Slide 3: Who We Are
Who We Are Real estate investment trust (REIT) with a $1.9 BN investment portfolio Long-term investment strategy focused on delivering consistent durable income and stable value in a variety of economic environments Originate, acquire and manage a highly diversified portfolio of single family
Slide 4: Management
Management Internally Managed: Steve Mumma, CEO Kevin Donlon, President Kristine Nario, CFO 18 employees focused 100% on NYMT shareholders Multifamily investment function internalized through RiverBanc acquisition in May 2016 Selective Use of Sub-advisors Specialists in specific asset cl
Slide 5: Recent Performance
Recent Performance Selected Business Metrics As of June 30, 2016 Q2 earnings of $0.10 per share 1 Share Price $6.04 Total Market Cap1 $818 MM Closed acquisition of long-time Dividend Per Share1 $0.24 subadvisor RiverBanc LLC, thereby Annualized Divided Yield1 15.9% internalizing multifamily inve
Slide 6: Investment Strategy - As of June 30, 2016
Investment Strategy - As of June 30, 2016 Capitalization Capital Allocation Trust Preferred Securities (3L+3.84%) $45,000,000 Residential $448,224,000 49% (matures 2035) Multifamily 418,093,000 46% Total Long Term Debt $45,000,000 Goodwill & Intangibles 28,692,000 3% Net Working Capital 13,958,000 2
Slide 7: Single Family Residential Investment Portfolio
Single Family Residential Investment Portfolio Four key styles of residential investing as of June 30 2016: Legacy Agency IO 6% Reperforming Loans Agency Securities 21% $257 MM $71 MM Reperforming 57% 24 month average Hybrid ARMs/15 year Agency 16% life cycle Agency Leverage 6.3X Goal is to exit a
Slide 8: Multifamily Investment Portfolio
Multifamily Investment Portfolio Four key styles of multifamily investing as of June 30 2016: JV Equity CMBS 13% Mezzanine Debt Pref Equity $267 MM 19% $19 MM First loss bonds in Freddie Mezzanine CMBS Subordinate debt on 64% Mac multifamily loan 4% individual properties securitizations Preferred Eq
Slide 9: Long-Term Stability Through Portfolio Diversification
Long-Term Stability Through Portfolio Diversification Economic Return 2012 2013 2014 2015 20161 23.5% 14.0% 28.3% 6.9% 9.8% Total Book Value Change 12/11 through 6/16 = $0.26 Total Dividends Paid 12/11 through 6/16 = $4.72 Book Value Dividend Per Share Per Share $7.25 $0.30 $7.07 $7.03 $6.98 $
Slide 10: Investor Contacts
Investor Contacts Steve Mumma Kristine Nario Chief Executive Officer Chief Financial Officer 212-792-0109 646-216-2363 smumma@nymtrust.com knario@nymtrust.com Corporate Office: New York Mortgage Trust, Inc. 275 Madison Avenue, Suite 3200 New York, NY 10016 10
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