Slide 1: 2Q 2015 Earnings Presentation
2Q 2015 Earnings Presentation Three Months Ended June 30, 2015 Springleaf Holdings, Inc. (LEAF) August 6, 2015 Update as of: 8/5/2015 11:10 PM
Slide 2: Important Information
Important Information The following pages are part of a presentation by Springleaf Holdings, Inc. (the "Company") in connection with reporting quarterly financial results and are intended to be viewed as part of that presentation. No representation is made that the information in these pages is comp
Slide 3: Important Information
Important Information Non‐GAAP Financial Measures We present core earnings as a “non‐GAAP financial measure” in this presentation. This measure is derived on the basis of methodologies other than in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”
Slide 4: 2Q15 Key Highlights
2Q15 Key Highlights Core Earnings of $67 million and Core earnings per share of $0.53(1) 2Q15 GAAP loss per share of $0.09 Earnings Pretax ROA for Core earnings increased to 7.27%, up 48 bps year‐over‐year(2) Consumer receivables of $4.3 billion, up 27% year‐over‐year(3) – Receivables per br
Slide 5: Branch Receivables Growth and Scalability
Branch Receivables Growth and Scalability Branch consumer receivables and origination volume increased 25+% year‐over‐year Consumer Receivables Per Branch ($ mm)(1) Origination / Portfolio Mix(2) Proven History of Scalability Personal Loan Auto Loan CAGR: 23.0% CAGR: 24.2% Unsecured (3) Hard Secur
Slide 6: Consumer Loan Performance
Consumer Loan Performance Consumer Credit Performance Remains Strong(1) 30.00% 26.99% 27.03% 26.95% 26.88% 26.50% 25.84% 25.00% 24.10% 20.00% 22.05% 21.91% 21.99% 21.24% 21.64% 15.00% 22.03% 20.46% 10.00% 5.00% 4.94% 5.12% 4.96% 5.64% 4.86% 3.64% 3.81% 0.00% 2012 2013 (2) 2014 2Q14 4Q14 1Q15 2Q15 Gr
Slide 7: 2Q15 Financial Highlights
2Q15 Financial Highlights ($ and Shares in millions) 2Q15 1Q15 2Q14 Consumer & Insurance $76 $65 $60 Acquisitions & Servicing (1) 31 36 34 Pretax Core Earnings(2) $107 $101 $94 Income Taxes (3) (40) (37) ($35) Core Earnings(2) $67 $64 $59 Net Income (Loss) Attributable to Springleaf ($12) $0 $72 Per
Slide 8: 2015 Guidance
2015 Guidance Core Consumer Operations FY 2015E Range(1) 2Q15A Guidance as of 3/31/15 Guidance as of 6/30/15 Consumer Net Finance Receivables $4.28bn $4.50bn — $4.75bn $4.70bn — $4.85bn Consumer Yield 26.50% 26.00% — 26.50% 26.00% — 26.50% Consumer Net Charge‐off Ratio 4.86% 5.00% — 5.50% 5.00% — 5.
Slide 9: Appendix and Financial Supplement
Appendix and Financial Supplement 9
Slide 10: Acquisitions and Servicing
Acquisitions and Servicing Pretax income for 2Q15 of $31 million versus $34 million in the prior year quarter(1) Solid credit performance with stable charge‐off rate In March 2015, sold $232 and $131 million of the Class C and D SpringCastle 2014‐A notes which had been held as an investment fo
Slide 11: Consolidated Balance Sheets (Push Down Accounting)
Consolidated Balance Sheets (Push Down Accounting) (unaudited, in millions) 6/30/15 12/31/14 1 Cash and Cash Equivalents $3,594 $879 2 Investment Securities 2,271 2,935 3 Net Finance Receivables: 4 Personal Loans & Retail Sales Finance 4,333 3,879 5 SpringCastle Portfolio 1,764 1,979 6 Real Estate L
Slide 12: Consolidated Income Statements (Push Down Accounting)
Consolidated Income Statements (Push Down Accounting) (unaudited, in millions, except per share statistics) 2Q15 1Q15 2Q14 1 Finance Charges $408 $402 $530 2 Finance Receivables Held for Sale Originated as Held for Investment 5 4 3 3 Total Interest Income 413 406 533 4 Interest Expense (171) (158) (
Slide 13: Core Earnings (Non-GAAP)
Core Earnings (Non‐GAAP) (unaudited, in millions) 2Q15 1Q15 2Q14 1 Interest Income $389 $383 $357 2 Interest Expense (58) (63) (59) 3 Provision for Finance Receivable Losses (77) (83) (89) 4 Net Interest Income after Provision 254 237 209 5 Insurance 40 36 43 6 Investment 14 18 12 7 Portfolio Servic
Slide 14: Core: Consumer and Insurance Segment
Core: Consumer and Insurance Segment (unaudited, in millions) 2Q15 1Q15 2Q14 1 Interest Income $269 $256 $220 2 Interest Expense (36) (40) (41) 3 Provision for Finance Receivable Losses (54) (56) (48) 4 Net Interest Income after Provision 179 160 131 5 Insurance 40 36 43 6 Investment 14 13 12 7 Othe
Slide 15: Core: Acquisitions and Servicing Segment
Core: Acquisitions and Servicing Segment (unaudited, in millions) 2Q15 1Q15 2Q14 1 Interest Income $120 $127 $137 2 Interest Expense (22) (23) (18) 3 Provision for Finance Receivable Losses (23) (27) (41) 4 Net Interest Income after Provision 75 77 78 5 Investment 0 5 0 6 Portfolio Servicing Fees fr
Slide 16: Non-Core: Real Estate Segment
Non‐Core: Real Estate Segment (unaudited, in millions) 2Q15 1Q15 2Q14 1 Interest Income 17 18 137 2 Interest Expense (59) (60) (95) 3 Provision ‐ TDR (1) (1) (21) 4 Provision ‐ Non‐TDR 6 (1) 1 5 Net Interest Income (Loss) after Provision (37) (44) 22 6 Investment 3 5 0 7 Net Loss on Sales of Real Es
Slide 17: Non-Core: Other
Non‐Core: Other (unaudited, in millions) 2Q15 1Q15 2Q14 1 Interest Income $3 $2 $4 2 Interest Expense (22) (10) (2) 3 Provision for Finance Receivable Losses (1) 0 (4) 4 Net Interest Loss after Provision (20) (8) (2) (1) 5 Operating Expenses (25) (5) (5) 6 Total Other Expenses (25) (5) (5) 7 Pretax
Slide 18: Reconciliation – Push-Down Accounting to Historical / Pretax Core Earnings
Reconciliation – Push‐Down Accounting to Historical / Pretax Core Earnings (unaudited, in millions) 2Q15 1Q15 2Q14 (1) 1 Push‐Down Accounting Pretax Income (Loss) Attributable to Springleaf ($20) $7 $116 2 Finance Charges (2) (2) (35) 3 Finance Receivables Held for Sale Originated as Held for Invest