Onemain Holdings, Inc. · NYSE:OMF
Onemain — Investor Presentation (March 2016)
17 slides from Onemain's investor presentation, Mar 17, 2016
Slide 1: Acquisition Related Accounting and Balance Sheet Update
os OneMain. Lending Made Personal Acquisition Related Accounting and Balance Sheet Update OneMain Holdings, Inc. (NYSE : OMF) March 17, 2016
Slide 2: Important Information
ry : v@ OneMain. Important Information Lending Made Personal Cautionary Note Regording Forward-Looking Statements This document contains . were mode. “appears,” “oe lke,” “believes,” estimates,” “expects,” “foresees,” intends,” “lon,” projects” and similar expressions or fture or conltional verbs su
Slide 3: Executive Summary
%OneMain. Executive Summary Lending Made Personal related costs, and the Ci z id prospective 2016 & 2017 earnings > Users of this i the Ci Seay ion js — i A F i js i a tax GAAP earnings in 2016 by ~$425MM and 2017 by ~$275MM; the drivers of these impacts are detailed on pages 5, 6 and 7 > We have pr
Slide 4: Impact of Acquisition Related Accounting and Non-Core Transactional Adjustments
7 OneMain. Lending Made Personal Impact of Acquisition Related Accounting and Non-Core Transactional Adjustments
Slide 5: Acquisition Related Accounting Overview
x OneMain. Acquisition Related Accounting Overview Lending Made Personal Impacts of the Fortress acquisition of Springleaf in Nov. 2010 > the time of acqui recorded at 4.18 and a face value of $4.68, with maturities ranging from 2016 to 2067; ~$0.28 of i i 2067 . ill accrete over i ity; with ~$0.28
Slide 6: Acquisition Accounting Definitions
4% OneMain. Lending Made Personal count recorde.on debt upon the acquisition by >ringleaf Debt Discount ba soneed! Ori Decet Fortress in 2 allowance for loan loss reserves booked in OMFHLLR Provision Catch-up AAR aSape CL CAT Premium on acquired loans booked in accordance with ASC 310-10 Acquisition
Slide 7: Acquisition Related Accounting Impacts
x OneMain. Acquisition Related Accounting Impacts Lending Made Personal {Sinmitions, unless otherwise noted) Actual and Estimated Differences Between Core and GAAP Results Key impacts as a result of the OMFH acquisition... a imi 11/1/15 close. At 4Q1sA —2016E_=—2017E 12/31/1 i to $365, a difference
Slide 8: Balance Sheet and Leverage
os OneMain. Lending Made Personal Balance Sheet and Leverage
Slide 9: Balance Sheet Overview
<n va¢ OneMain. Balance Sheet Overview Lending Made Personal {Sinmitions, unless otherwise noted) H Balance Sheet and Subsidiary Leverage > Management targets adjusted debt to adjusted tangible equity |) of 5-7x for OMH > OMH adjusted debt to adjusted tangible equity ) was 18.5x at 12/31/15 + Adjust
Slide 10: Leverage Metrics
@e : va@ OneMain. Leverage Metrics Lending Made Personal (12/31/15;$in milions, unless otherwise noted) Total shareholders’ equity $2,605 $2,751 will (1,440) (1,440) Intangibles (559) (559) Tangible Equity’? $606 $752 2067 Hybrid debt Gens par) 172 172 146 : ‘Adjusted Tangible Equity’ “ $924 $924 Lo
Slide 11: Balance Sheet Data and Leverage
ee 5 ve OneMain. Balance Sheet Data and Leverage Lending Made Personal (12/31/15; in bilions, unless otherwise noted) = Targeting 5x — 7x Debt / Tangible OneMain Holdings, Inc. = No OMH guaranty of OMFH bonds hs “OME? Equity for OMH COME) * Goodwill/intangibles related to = No debt, material obligat
Slide 12: Funding and Liquidity
@e *a OneMain. Funding and Liquidity ending Made Personal (Sin itions, unless otherwise noted) Diverse Funding Sources > OMH had $939 of cash and cash equivalents at 12/31/15 > ~$600 of incremental cash expected from the sale of branches and receivables to Lendmark in 2Q16 > OMH has $4.758 of condui
Slide 13: Secured Financing Revolving Periods
%OneMain. Secured Financing Revolving Periods Lending Made Personal (3/15/26, $ in mitions, unless otherwise noted) ee Springleaf Springleaf ‘Amount Baar Goes Amount poe ieee SLET 2014-4, $592 2Years Feb-16 First Avenue Funding LLC $250 2Years Jan-18 SLT 2015-0 4,162 3Years Jan-18 Sumner Brook 2013-
Slide 14: OMH Non-GAAP Reconciliations
ae . vee OneMain. OMH Non-GAAP Reconciliations Lending Made Personal (12/31/15, $in miions, unless otherwise noted) The table to the right = tess OM without hows financial sprngcale Consolation Sornecate information for OneMain a - Holdings, Inc., reflecting Cash and cash equivalents, $939 $- $- $93
Slide 15: OMH Non-GAAP Reconciliations
%OneMain. Lending Made Personal OMH Non-GAAP Reconciliations (12/31/25, $n milion, untess otherwise noted) Tangible Equity, Tangible Assets, Debt to Tangible Equity ratios, Tangible Equity to measures that management uses to Total shareholders’ equity Goodwill Intangibles Tangible Equity leverage po
Slide 16: SFC and OMFH Non-GAAP Reconciliations
“sOneMain. SFC and OMFH Non-GAAP Reconciliations Lending Made Personal (12/31/15, $in milions, unless otherwise noted) sre Tangible Equity, Tangible Assets, Debt to Tangible Equity ratios, Tangible Equity to Tangible Assets eng ——e ssa. ratios, Adjusted Debt, Adjusted Tangible Equity, Watiebies Saha
Slide 17: For More Information
ae Cs va OneMain. For More Information Lending Made Personal If you have further questions, please contact our Investor Relations department Craig Streem, 812-468-5752, craig.streem@springleaf.com Rohit Dewan, 812-492-2582, rohit.dewan@springleaf.com For Fixed Income and ABS investors, please contac
OneMain Holdings — Investor Presentation (March 2016) on 6ix