Uwm Holdings Corporation · NYSE:UWMC
Uwm — Q2 2026 Earnings Presentation
13 slides from Uwm's earnings presentation, Aug 6, 2026
Slide 1: Investor Presentation
August 2026 INVESTOR PRESENTATION
Slide 2: Disclaimer
DISCLAIMER This presentation contains certain forward-looking statements and information, which reflect management’s current beliefs and expectations regarding future events and operating performance and speak only as of the date hereof. These forward-looking statements include statements identified
Slide 3: UWM Strategic Update
UWM STRATEGIC UPDATE ⚫ The interest rate backdrop remains challenging with outlook for fed funds and mortgage rates deteriorating during the quarter Macro backdrop ⚫ Treasury yields remain elevated and have increased since the beginning of 2026 ⚫ MBA forecasts a 6.50% fixed-rate mortgage rate in 202
Slide 4: Second Quarter Highlights
SECOND QUARTER HIGHLIGHTS 2Q2026 Results Overall Market Share1 Wholesale Market Share2 Company Market Share Company Market Share $39.7B $247.6B 1 UWM 8.5% 1 UWM 40.5% 2 Rocket 7.9% 2 Rocket 8.6% Loan Servicing 3 PennyMac 7.0% 3 PennyMac 6.1% Production UPB 4 Chase 3.2% 4 Loan Store 4.2% 5 Newrez 2.9
Slide 5: The Market Continues to Present Challenges
THE MARKET CONTINUES TO PRESENT CHALLENGES Rates are on the rise… …and origination volume expectations remain flat Treasury Yield Curve Market Origination Volumes U.S. Treasury Yield: U.S. Treasury Yield: Purchase volume ($B) Refinance volume ($B) Current Jan. 1, 2026 5.50% Rate backdrop continues t
Slide 6: UWM Continues to Drive Growth Despite the Market Headwinds
UWM CONTINUES TO DRIVE GROWTH DESPITE THE MARKET HEADWINDS UWM has continued to invest in growing the …adding to an already dominant market …resulting in strong origination volume broker channel… position… growth UWM share of broker volume UWM refinance volume ($B) 1 Broker share of total volume UWM
Slide 7: Commitment to AI Advancement
COMMITMENT TO AI ADVANCEMENT CHATUWM Loan Estimator Optimizer (LEO) Most Intelligent Agent (MIA) ChatUWM designed for The LEO provides brokers the Loan officer assistant tool to independent mortgage opportunity to receive a make outbound calls 24/7, brokers and powered by AI, detailed analysis of 36
Slide 8: Overview of Strategic Partnership Key Terms
OVERVIEW OF STRATEGIC PARTNERSHIP KEY TERMS Issuer UWM Holdings Corporation Issue Series A Perpetual Preferred Stock (the “Preferred Shares”) Investor Oaktree Capital Management and the Ishbia Family Preferred shares $1,650M in perpetual Preferred Shares, ranking senior to all current or future clas
Slide 9: Summary Sources and Uses
SUMMARY SOURCES AND USES Preferred equity issuance Sources $M Uses $M ⚫ Closed on August 5 Preferred equity issuance $1,650 Debt repayment 1,625 ⚫ MSR facilities expected to be paid immediately once proceeds are received Transaction expenses 25 ⚫ Immediate deleveraging event, with preferred equity t
Slide 10: Overview of Key Financial Metrics
OVERVIEW OF KEY FINANCIAL METRICS Net Non-funding Debt1 to Equity Total Equity ($M) Available Liquidity2 ($M) 5.6x $3,000 $2,681 $985 $1,056 1.2x 2Q26 As adjusted 3 2Q26 As adjusted 3 2Q26 As adjusted 3 Transaction drives material deleveraging and strengthens UWM’s balance sheet 1. Non-GAAP financia
Slide 11: UWM Is Aligning Its Balance Sheet and Capital Strategy
UWM IS ALIGNING ITS BALANCE SHEET AND CAPITAL STRATEGY FOR LONG-TERM SUCCESS IN THE CURRENT MARKET BACKDROP Distributions ⚫ Suspending common dividend to enhance near-term capital and liquidity and position the business for continued growth ⚫ Debt repayment unlocks additional MSR and high-yield capa
Slide 12: Appendix
APPENDIX 12
Slide 13: Adjusted EBITDA
Adjusted EBITDA ($ in thousands) 2Q26 Net income (loss) $ (451,902) Interest expense on non-funding debt 86,810 Provision (benefit) for income taxes (21,019) Depreciation and amortization 14,655 Stock-based compensation expense 12,494 Change in fair value of MSRs due to valuation inputs or assumptio