Regional Management Corp. · NYSE:RM
Regional Management — Q4 2018 Earnings Presentation
9 slides from Regional Management's earnings presentation, Feb 12, 2019
Slide 1: 4Q 2018 Earnings Call Supplemental Presentation
4Q 2018 Earnings Call Supplemental Presentation February 12, 2019
Slide 2: Safe Harbor Statement
Safe Harbor Statement This document contains summarized information concerning Regional Management Corp. (the “Company”) and the Company’s business, operations, financial performance, and trends. No representation is made that the information in this document is complete. For additional financial, s
Slide 3: 4Q 18 Highlights – Continued Double-Digit Portfolio Growth
4Q 18 Highlights – Continued Double-Digit Portfolio Growth (dollars in millions, except EPS) 4Q 18 4Q 17 Chg B/(W) % Chg B/(W) Total Finance Receivables $932.2 $817.5 $114.8 14.0% Total Revenue 83.7 72.1 11.6 16.1% Provision for Credit Losses 23.7 19.5 (4.2) (21.8%) G&A Expense 36.6 34.0 (2.6) (7.6%
Slide 4: Consecutive Quarters of Double-Digit Portfolio Growth
15 Consecutive Quarters of Double-Digit Portfolio Growth in millions vs. 3Q 18 vs. 4Q 17 Finance Receivables 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 4Q 17 1Q 18 2Q 18 3Q 18 4Q 18 $ Chg I/(D) % Chg I/(D) $ Chg I/(D) % Chg I/(D) Small Loans (≤ $2,500) $349 $358 $336 $349 $363 $376 $360 $385 $414 $438 $23 5.6% $
Slide 5: Consecutive Quarters of Double-Digit Revenue Growth
10 Consecutive Quarters of Double-Digit Revenue Growth $90.0 Revenue $83.7 $85.0 $80.0 $77.9 • $1.5 million of year- over-year revenue $75.0 $72.1 $72.6 $72.4 increase due to Millions $69.2 $70.0 $65.8 reduction of non-file $65.3 $65.0 $62.5 $64.0 insurance claims (with offsetting increase in $60.0
Slide 6: Allowance for Credit Losses: Provision Expense Tracking with Growth
Provision Expense Tracking with Growth Net Credit Loss Rates 12.0% 10.9% 12.0% • 4Q 18 net credit loss rate 10.2% includes 30 basis points of Net Credit Losses (Annualized % of AFR) 9.8% 9.9% 10.0% 9.5% 10.0% 9.0% 9.1% 8.0% 7.8% 7.7% higher impact from shift of 8.0% 8.0% non-file claims vs. 4Q 17 6.
Slide 7: Seasonal Pattern of Delinquency
Seasonal Pattern of Delinquency $80.0 30+ Delinquency Trend $70.0 $9.1 $60.0 $6.8 $7.3 $10.9 $32.3 Delinquency in Millions $8.5 $50.0 $6.9 $6.2 $8.9 $27.5 $8.8 $6.7 $25.5 $5.8 $12.3 $5.5 $6.8 $8.2 $25.1 $6.6 $22.7 $6.9 $22.0 $10.2 $40.0 $7.2 $21.4 $6.3 $19.6 $11.3 $7.9 $26.4 $10.0 $7.0 $21.2 $9.7 $8
Slide 8: G&A Expense Ratio Improved
G&A Expense Ratio Improved 100 Basis Points Total G&A Expenses $50.0 20.0% 18.1% 17.7% 17.9% 18.0% 17.1% 17.0% 16.3% 16.2% 16.5% 16.1% $40.0 15.0% $35.9 $36.6 Annualized % of AFR $33.8 $34.0 $34.6 $30.0 $33.2 $31.5 $31.6 $30.5 Millions $28.8 10.0% $20.0 5.0% $10.0 $0.0 0.0% 3Q 16 4Q 16 1Q 17 2Q 17 3
Slide 9: CREGIONAL
CREGIONAL MANAGEMENT @ REGIONAL MANAGEMENT L™*