Adamas Trust, Inc. · NASDAQ:ADAM

Adamas Trust — New York Mortgage Trust — JMP Securities Financial Services and Real Estate Conference 2014

13 slides from Adamas Trust's conference presentation, Sep 30, 2014

  1. Slide 1: JMP Securities Financial Services and Real Estate Conference

    JMP SSecurities iti Financial Services and Real Estate Conference September 30, 2014

  2. Slide 2: Forward Looking Statements

    Forward Looking Statements This presentation Thi t ti contains t i forward‐looking f d l ki statements t t t within ithi the th meaning i off the th safe f harbor h b provisions ii off the th Private Pi t Securities Litigation Reform Act of 1995. Forward‐looking statements are based on our beliefs,

  3. Slide 3: Mission

    Mission We are a real estate investment trust, or REIT, in the business of acquiring, investing in, financing and managing primarily mortgage‐related assets and financial assets. assets Our objective is to proactively allocate capital to a diversified portfolio of investments that will deliver attra

  4. Slide 4: NYMT Overview

    NYMT Overview  NYMT is an internally‐managed Selected Business Metrics hybrid mortgage REIT Share Price $7.81 Total Market Capitalization ($mm) $780  The Company invests in mortgage‐ related and financial assets and Divdend per share $0.27 targets multi‐family CMBS, Annualized Dividend Yield 13.8%

  5. Slide 5: 2014 Highlights

    2014 Highlights  In January, issued 11.5 million common shares for gross proceeds of approximately $75.8 million;  In April, issued 14.95 million common shares for gross proceeds of approximately $109.9 million;  Completed p first substantial sale of distressed loans and, combined with re‐financi

  6. Slide 6: Portfolio Growth

    Portfolio Growth Earning Assets ($mm) / Net Margin (bps) ‐ Right $1,750 $1,587 $1,645 $1,632 $1,625 500 $1 524 $1,524 $1,446 $1,500 450 $1,250 $1 000 $1,000 400 $750 350 $500 $ $250 300 Q1' 13 Q2' 13 Q3' 13 Q4' 13 Q1' 14 Q2' 14 Growingg interest earning g assets while increasing net interest margin

  7. Slide 7: Capital Allocation Transition

    Capital p Allocation Transition 12/31/2012 12/31/2013 06/30/2014 $322.0 Million $480.7 Million $694.2 Million 2% 5% 13% 5% 22% 8% 22% 16% 32% 17% 36% 15% 20% 47% 41% Agency RMBS Agency IOs Multi‐Family Multi Family CMBS Distressed Residential Loans Other 7

  8. Slide 8: Stability Through Portfolio Diversification

    Stabilityy Through g Portfolio Diversification YTD Economic Return (Change in Book Value plus Dividends) : 16.4% $7.00 $6.83 $0.30 $6.52 $6.50 $6.55 $6.48 $6.25 $6.32 $6.33 Book Value $6.00 $0.27 Dividend Per Share Per Share $5.00 $0.24 $4.00 $0.21 Q3' 12 Q4' 12 Q1' 13 Q2' 13 Q3' 13 Q4' 13 Q1' 14 Q2

  9. Slide 9: Investment Portfolio Overview: June 30, 2014

    Investment Portfolio Overview: June 30,, 2014 Carrying Value (1) Allocated Capital Total: $1,713 million Total: $694 million 12% 5% 22% 16% 14% 42% 15% 24% 41% 8% Agency RMBS Agency IOs Multi‐Family CMBS Distressed Residential Loans Other (1) Multi‐Family Carrying Value and Non callable liabilities

  10. Slide 10: Capital Allocation: June 30, 2014

    Capital Allocation: June 30, 2014  Diversified Portfolio => Stable Returns  Credit Investments => Less Reliance on Leverage  External Managers => Incentive Based Performance Multi‐ Distressed Residential Agency Family Residential Securitized Dollar amounts in thousands MBS Agency IOs CMBS Loans L

  11. Slide 11: Strategic Investment Priorities

    Strategic g Investment Priorities 1. Multifamily Commercial Real Estate Investments (externally managed by RiverBanc):  Subordinate CMBS first loss securities and certain interest only securities issued by Freddie Mac K Series securitization trusts  Direct lending in the form of mezzanine loans an

  12. Slide 12: Overview of Management

    Overview of Management  Internally Managed  CEO 25+ years mortgage experience  Board members – Average 20+ years in capital markets  Extensive origination and credit underwriting experience  NYMT owns 20% of RiverBanc  Experienced management team with 20+ years in residential loan industry  T

  13. Slide 13: Innovative Financing Transactions

    Innovative Financing Transactions Re‐Securitization – Subordinate CMBS POs and Certain IOs Securities:  Permanent financing structure (A/B)  Cash / non cash interest expense components  N market No k t to t market k t or margin i callll risk ik  Rated by Fitch – Investment Grade  Sourced tradit

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