Slm Corporation · NASDAQ:SLM
Slm — Debt Investor Presentation (July 2023)
19 slides from Slm's debt investor presentation, Jul 31, 2023
Slide 1: Period ended June 30, 2023
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. Period ended June 30, 2023 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 June 30, 2023 (unless otherwise noted) and should be read in connection with the press release of SLM Corporation (
Slide 3: SMB Private Education Loan Trust securitization 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 a r- 1 5 J u n -1 5 S e p -1 5 D e c -1 5 M a r- 1 6 J u n -1 6 S e p -1 6 D e c -1 6 M a r- 1 7 J u n -1 7 S e p -1 7 D e c -1 7 M a
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 a r- 1 5 J u n -1 5 S e p -1 5 D e c -1 5 M a r- 1 6 J u n -1 6 S e p -1 6 D e c -1 6 M a r- 1 7 J u n -1 7 S e p -1 7 D e c -1 7 M a
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 a r- 1 5 J u n -1 5 S e p -1 5 D e c -1 5 M a r- 1 6 J u n -1 6 S e p -1 6 D e c -1 6 M a r- 1 7 J u n -1 7 S e p -1 7 D e c -1 7 M a r
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 a r- 1 5 J u n -1 5 S e p -1 5 D e c -1 5 M a r- 1 6 J u n -1 6 S e p -1 6 D e c -1 6 M a r- 1 7 J u n -1 7 S e p -1 7 D e c -
Slide 8: Footnotes to delinquency and forbearance charts
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 8 Data as of June 30, 2023. (1) Loans in P&I Repayment include only those loans for which scheduled principal and interest payments were due at the end of the applicable monthly reporting period. (2) P&I Repayment
Slide 9: Smart Option Cumulative Defaults by P&I Repayment Vintage
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 9 (3) 3.6% 3.0%2.8%2.6% 2.5%2.1% 1.7% 1.4% 0% 2% 4% 6% 8% 10% 12% 14% 0 1 2 3 4 5 6 7 8 C u m u la ti v e 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 y m e n t Years Since
Slide 10: Footnotes on prepayment data
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 10 Data as of June 30, 2023. (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 not sc
Slide 11: Prepayment data by disbursement vintage
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 11 ► Data as of June 30, 2023. (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 not
Slide 12: Footnotes on default data
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 June 30, 2023 for Sallie Mae Bank serviced loans only. (3) Numerator is the Periodic
Slide 13: Footnotes on default data
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 June 30, 2023 for Sallie Mae Bank serviced loans only. (3) Numerator is the Periodic
Slide 14: Footnotes on default data
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 June 30, 2023 for Sallie Mae Bank serviced loans only. (3) Numerator is the Periodic
Slide 15: Footnotes on default data
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 June 30, 2023 for Sallie Mae Bank serviced loans only. (3) Numerator is the Periodic
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: CPR calculation formulas
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 19 𝑃𝑟𝑒𝑝𝑎𝑦𝑚𝑒𝑛𝑡𝑡 = 𝑃𝑀𝑇𝑡 − 𝑆𝑃𝑡 𝑆𝑀𝑀𝑡 = Τ𝑃𝑟𝑒𝑝𝑎𝑦𝑚𝑒𝑛𝑡𝑡 𝐸𝑋𝑃𝑡 𝑆𝑅𝑡 = 1 − 𝑆𝑀𝑀𝑡 𝐶𝑃𝑅𝑛 = 1 − ෑ 𝑡=1 3 𝑆𝑅𝑡 4 𝑤ℎ𝑒𝑟𝑒: 𝑛 = 𝑞𝑢𝑎𝑟𝑡𝑒𝑟 𝑡 = 𝑚𝑜𝑛𝑡ℎ 𝑜𝑓 𝑞𝑢𝑎𝑟𝑡𝑒𝑟