Slide 1: Puerto Rico Exposure First Quarter 2016
© 2016 Ambac Financial Group, Inc. One State Street Plaza, New York, NY 10004 All Rights Reserved | 800-221-1854 | www.ambac.com PUERTO RICO EXPOSURE FIRST QUARTER 2016
Slide 2: Disclaimer
1 Neither Ambac nor any of its employees, affiliates or representatives makes any representation or warranty, expressed or implied, as to the accuracy or completeness of any of the information contained in this overview, and the recipient of this overview expressly disclaims any and all liabilities
Slide 3: Puerto Rico Exposure & Ratings Summary
PUERTO RICO EXPOSURE & RATINGS SUMMARY 2 1) Gross Par and Net Par include capital appreciation bonds (“CABS”) which are reported at the par amount at the time of issuance of the insurance policy 2) Net Par and Net Principal & Interest are net of reinsurance 3) Subject to the “Priority Debt Provision
Slide 4: Schedule of Net Debt Service on Insured Debt
SCHEDULE OF NET DEBT SERVICE(1) ON INSURED DEBT (AS OF MARCH 31, 2016) $0 $20 $40 $60 $80 $100 $120 $140 $160 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 ($ i n m il li o n s ) Year of Payment Rum Tax Hotel Occupancy Tax Highway General Obligation 3 1) Net of reinsurance 2) Aggregate Highway (
Slide 5: Net Principal and Interest Amortization
PUERTO RICO NET PRINCIPAL AND INTEREST(1) AMORTIZATION ($ IN MILLIONS) AS OF MARCH 31, 2016 4 1) Net of reinsurance Payment Date Commonwealth GO Public Bldg - GO Guaranteed Senior Highway (1968) Senior Transportation (1998) Rum Tax Hotel Occupancy Tax Sales Tax (COFINA) Total P & I 7/1/2016 1.4 38.6
Slide 6: Net Principal and Interest Amortization – Continued
PUERTO RICO NET PRINCIPAL AND INTEREST(1) AMORTIZATION – CONTINUED ($ IN MILLIONS) AS OF MARCH 31, 2016 5 1) Net of reinsurance Payment Date Commonwealth GO Public Bldg - GO Guaranteed Senior Highway (1968) Senior Transportation (1998) Rum Tax Hotel Occupancy Tax Sales Tax (COFINA) Total P & I 1/1/2
Slide 7: Forward Looking Statement
FORWARD LOOKING STATEMENT In this presentation, we have included statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as “estimate,” “project,” “plan,” “believe,” “anticipate,”
Slide 8: Important Information
Important Information Ambac Financial Group, Inc., ("Ambac") filed a definitive proxy statement with the Securities and Exchange Commission ("SEC") on April 20, 2016 in connection with its 2016 Annual Meeting. STOCKHOLDERS ARE URGED TO READ THIS PROXY STATEMENT, THE ACCOMPANYING WHITE PROXY CARD AND