Armour Residential Reit, Inc. · NYSE:ARR
Armour Residential Reit — Investor Presentation (December 2009)
11 slides from Armour Residential Reit's investor presentation, Dec 7, 2009
Slide 1: Confidential Information Statement and Regulatory Disclosure
Confidential Information Statement and Regulatory Disclosure Certain statements made in this presentation regarding ARMOUR Residential REIT, Inc. (“ARMOUR”: or the “Company”:), and any other statements regarding ARMOUR’s future expectations, beliefs, goals or prospects constitute forward-looking sta
Slide 2: Peer group market capitalization and agency assets
Mw |; | | htt ets HT Gua oeen-cs || smoun-nat wYSEPO WYSE Po mYSE RO WYSE PO maspageo MSE FO meRcER OCTORER 1997 SEPTEMSER 1955 MARCH 1995 APREL2008 many 2008 JUNE 2983 MOVERMER 2003 ktewaty Memed dered eee dewey emp! Gated aerate Group Equity Market $ 13,951 ,892,640 ie of abc ok A teed Dott Group
Slide 3: Average peer comparison
Average jl y | (raat || GYARMOUR i ear: ||| aes see 0 0 = west oma $m $l = ans we sone] ome Is = et 5 ne sae - re ee | “ wetttel ¢ gag a on nos mos mm | we {Is 20 = fscreocteas||) som 1 oo wa 109 sim || 006 wo a = mare: 10 ‘0% ‘9% 129 12 sas wom aan (serial ik Vivecmratrad fe mts ater resem keine en
Slide 4: Book value and cash comparison with peers
m007_6 20079-2007 12200] Book Value ® 45 12 m9 2 22 me 253 DDG ttt ww cash % 72 @ 14 1% 43 16 190 15 fw. ST Recetvabies 15 $e ts St [annaty Capital Management he Bock Vale 11491688 158 1860 1700 1609 1,700 1559 1,004 1494 1732 2483 2543 3507 3010 382 5705 Gah oot 4 7 6 2 4 2 ss 2 “G7 0 108 tea ST Re
Slide 5: Agency MBS market by issuer: FNMA, FHLMC, GNMA
60.00% 50.00% 40.00% 30.00% m FNMA $2.81 Trillion = FHMC $1.85 Trillion = GNA $0.52 Tillion 20.00% 10.00% 0.00%
Slide 6: See details on the following pages
See details on the following pages
Slide 7: Proxy Portfolio Details Generated from Live Dealer Offerings & Live Market Prices
Proxy Portfolio Details Generated from Live Dealer Offerings & Live Market Prices FNMA & Freddie Mac Mortgage Pools Newksue 1 | 5Monthsto | Low Loan Exdance Seton — a Qoupon 7/4 Pod Pool #2 Pods Pools ‘cet Cass Percentage of Poxtfdio 30.00% 30.00% 20.00% 25.00% Reference Foot FNAGET? = FNTT7716. «=
Slide 8: Corporate Capital Structure: Equity & Long Term Corporate Debt
CORPORA TE CAPITAL STRUCTURE: EQUITY & LONG TERM CORPORATEDEBT Gross Exuity Raised $ Lega Expenses andintemal Issuance Expenses. $ Extemal Undenwiting & Marketing Expenses. $ = 0.0% <AS a%o! Eauity Raised Net Equity to Invest ("orporate Equity") $ Net Preferred Debt and/or Long Term Corporate Debt $
Slide 9: Return on equity and levered portfolio return
ct Return ea or ion Dor fn | Yeddortate | Tn te eauty Levered Portfalio 5 weeRe RI STM ZT Cd a en m7 00% Ss 6mm ame mos Grosinome(n> $ — SsM7| 25.16% <Levered Gross Return(1)_
Slide 10: Return on Equity Using Each Quarter's Beginning Book Value
(Retum on Equity Using Each Quarters Begaming Book Value SevenQuarter Average | Guster KE ROEBeedon Som | Bicod onHGHEST Bock 2004 2005 = Value-for the Pexiod| a @ @ wala e@ & Amey | 149% 150% 151% 169% | 15% 117% 48% Bm 124% Feworth | 132% 124% «101% += 10% | 10% 69% 3% 97% om 708% Uninet [134% 161
Slide 11: ARMOUR
ARMOUR
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