Arbor Realty Trust · NYSE:ABR
Arbor Realty Trust — Q2 2022 Earnings Presentation
15 slides from Arbor Realty Trust's earnings presentation, Jul 29, 2022
Slide 1: Arbor Realty Trust Investor Presentation
ARBOR REALTY TRUST INVESTOR PRESENTATION CONFIDENTIAL September 2022
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain items in this presentation may constitute forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including information about possible, anticipated or assumed future results of our busin
Slide 3: Arbor Realty Trust: Company Overview and Recent Highlights
Arbor Realty Trust Company Overview Recent Highlights Internally managed multifamily focused REIT with a Generated distributable earnings of $0.52 per share in unique annuity-based business model creating multiple 2Q22, which is $0.13 in excess of our current dividend, high quality long-dated in
Slide 4: Differentiated Business Platform
Differentiated Business Platform Diverse business model offers several strategic advantages Premium operating platform with multiple products that produce many diverse income streams allowing us to generate strong earnings in all cycles Primarily focused on multifamily asset class Very stable
Slide 5: Highly Diversified Originations Platform
Highly Diversified Originations Platform 2021 Originations 1H22 Originations ~$16.1B ~$7.0B 9.7B 4.9B 5.0B 1.9B 1.4B 31% 0.2B 60% 27% 9% 70% 3% GSE/Agency APL Balance Sheet $16.1 billion of volume in 2021 represents a 76% increase over our record 2020 volume of $9.1 billion Strong 1H22 balance s
Slide 6: Balance Sheet Loan Portfolio Composition
Balance Sheet Loan Portfolio Composition Primary focus on stable multifamily, senior loans Portfolio Overview Generates strong leveraged returns Total Portfolio $15.0B As of: 06/30/2022 Geographically diversified Average Loan Size $20.8M W/A Loan-to-Value 76% Balance Sheet business drives GSE/Ag
Slide 7: Leading Nationwide Origination and Servicing Platform
Leading Nationwide Origination and Servicing Platform ~$53B of GSE/Agency originations since inception in 1995 $27B servicing portfolio, 100% focused on multifamily Highly scalable and difficult to replicate platform Generates significant prepayment protection income Focus on small balance
Slide 8: Industry Leading Securitization Platform
Industry Leading Securitization Platform Assets Securitized Platform Highlights $ in Billions $6.2B Extensive in-house securitization $6.0 experience closing 26 CRE securitizations $1.0 totaling $16.0 billion in assets $5.0 $11.6 billion of outstanding securitizations $3.5B as of June 30, 2022:
Slide 9: Annuity Based Business Model Drives Diversified Income Streams
Annuity Based Business Model Drives Diversified Income Streams Significant Our diversified Growth income streams provide ainstrong ourbaseline Diversified, Long-predictable earnings of high-quality Dated Income Streams 1 1 Other Diversified Platform Significant Long-dated, Predictable Annual Cash Fl
Slide 10: Diversified Platform with Significant Opportunities
Diversified Platform with Significant Opportunities We have meaningfully grown our balance sheet loan business driven by our proprietary relationships and our expertise in structured loans Grew our loan book 122% in 2021, 28% in 2020, and 30% in 2019 Structured Loan Already grew our loan book
Slide 11: Highly Diversified Capital Structure
Highly Diversified Capital Structure Capital Structure ($ in M) Total Enterprise Value = $16,763 Extensive experience with CRE CLOs Eight outstanding nonrecourse CLOs Match-funded with locked-in spreads Collateralized 8,009 Wtd. average advance rate of 82.5%, with long replenishment features
Slide 12: Financial Performance
Financial Performance Quarter Quarter (Amounts in 000's, except per share amounts) Year Ended Ended Ended YTD 2019 2020 2021 Mar-2022 Jun-2022 Jun-2022 Net interest income 129,541 170,249 254,082 84,139 94,261 178,400 Servicing revenue 125,647 120,365 166,170 48,723 48,339 97,062 Gain on sale, incl.
Slide 13: Appendix
APPENDIX diy ARBOR ARBOR REALTY TRUST, INC.
Slide 14: Leading Asset Management Platform
Leading Asset Management Platform 50-person asset management function with strong credit history and extensive experience in mitigating risk and modifying and working out assets through all cycles, led by a senior executive team with over 30 years of industry experience • Proactive, hands-on approac
Slide 15: Best-in-Class, Highly Aligned Management Team
Best-in-Class, Highly Aligned Management Team ✓ ✓ ✓ ✓ Internalized, highly aligned Industry-leading expertise Deep bench of talented Best-in-class management team with with deep-rooted employees underwriting and significant ownership relationships across origination capabilities commercial real esta