Slide 1: 2014 2nd Quarter Review Earnings Call Presentation
2014 2ND QUARTER REVIEW EARNINGS CALL PRESENTATION JULY 24, 2014 1 1
Slide 2: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements The following information is current as of July 23, 2014 (unless otherwise noted) and should be read in connection with SLM Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2014 (the “2014 Form 10-Q”), and the audited car
Slide 3: Sallie Mae Bank Overview
Sallie Mae Bank Overview Sallie Mae Bank Key Portfolio Statistics − Portfolio of $7.4 billion of high quality Private Education Loans − 90% cosigned − Average Originations FICO of 745 − Nearly 80% of the loans have a FICO > 700 − 20% of our loans are in full principle and interest repayment − 52% of
Slide 4: Q2 Key Financial Metrics
Q2 Key Financial Metrics Q2 2014 Q2 2013 ($Millions) Private Education Loans $ 7,351 $ 5,534 Net Interest Income 144 107 Operating Expenses 60 67 Restructuring Expenses 14 - Hedge Effectiveness Adjustment (7) (0) "Core Earnings" 48 77 "Core Earnings" EPS $ 0.10 $ 0.17 ► In the year-ago quarter gains
Slide 5: High Quality Private Student Loan Originations Growth
High Quality Private Student Loan Originations Growth $4,500 $4,000 $4,000 $3,801 5% $3,345 14% $3,500 Originations ($MM) $3,000 22% $2,737 $2,500 $2,000 $1,500 $1,000 $500 $0 2011 2012 2013 2014 Private Education Loan Originations Originations Statistics ($) Q2 2014 Q2 2013 YTD 2014 YTD 2013 % Cosi
Slide 6: Q2 Private Education Loan Delinquencies
Q2 Private Education Loan Delinquencies 2Q 2014 2Q 2013 Balance % Balance % Loans in repayment and percentage of each status: Loans current 4,396,772 99.3% 3,054,707 99.2% Loans delinquent 31-60 days 21,381 0.5 18,520 0.6 Loans delinquent 61-90 days 5,987 0.1 8,462 0.2 Loans delinquent greater than
Slide 7: 2014 Year End Guidance
2014 Year End Guidance Originations $4.0 Billion Operating expenses $280 Million Additional restructuring expense $32 Million Loan Sales in second half $1.2 Billion Provision for loan losses in second half $60 Million "Core Earnings" diluted EPS $0.41 - $0.43 7 7
Slide 8: Appendix
APPENDIX 8 Confidential and proprietary information © 2012 Sallie Mae, Inc. All rights reserved.
Slide 9: "Core Earnings" to GAAP Reconciliation
“Core Earnings” to GAAP Reconciliation 9 9