Slm Corporation · NASDAQ:SLM
Slm — Debt Investor Presentation (May 2023)
19 slides from Slm's debt investor presentation, May 5, 2023
Slide 1: Period ended March 31, 2023
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. Period ended March 31, 2023 EXHIBIT 99.1
Slide 2: Cautionary Note Regarding Forward-Looking Statements
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 2 Cautionary Note Regarding Forward-Looking Statements The following information is current as of March 31, 2023 (unless otherwise noted) and should be read in connection with the press release of SLM Corporation
Slide 3: SMB Private Education Loan Trust transactions
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 3 Date Transaction Date Transaction Date Transaction July 2015 SMB Private Education Loan Trust 2015-B March 2018 SMB Private Education Loan Trust 2018-A August 2020 SMB Private Education Loan Trust 2020-B May 201
Slide 4: Smart Option Serviced Portfolio: 30-59 Day Delinquencies
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 4 Smart Option Serviced Portfolio: 30-59 Day Delinquencies 0% 2% 4% 6% 8% 10% M a r- 1 5 J u n -1 5 S e p -1 5 D e c -1 5 M a r- 1 6 J u n -1 6 S e p -1 6 D e c -1 6 M a r- 1 7 J u n -1 7 S e p -1 7 D e c -1 7 M a
Slide 5: Smart Option Serviced Portfolio: 60-89 Day Delinquencies
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 5 Smart Option Serviced Portfolio: 60-89 Day Delinquencies 0% 2% 4% 6% 8% 10% M a r- 1 5 J u n -1 5 S e p -1 5 D e c -1 5 M a r- 1 6 J u n -1 6 S e p -1 6 D e c -1 6 M a r- 1 7 J u n -1 7 S e p -1 7 D e c -1 7 M a
Slide 6: Smart Option Serviced Portfolio: 90+ Day Delinquencies
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 6 Smart Option Serviced Portfolio: 90+ Day Delinquencies 0% 2% 4% 6% 8% 10% M a r- 1 5 J u n -1 5 S e p -1 5 D e c -1 5 M a r- 1 6 J u n -1 6 S e p -1 6 D e c -1 6 M a r- 1 7 J u n -1 7 S e p -1 7 D e c -1 7 M a r
Slide 7: Smart Option Serviced Portfolio: Forbearance
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 7 Smart Option Serviced Portfolio: Forbearance 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% M a r- 1 5 J u n -1 5 S e p -1 5 D e c -1 5 M a r- 1 6 J u n -1 6 S e p -1 6 D e c -1 6 M a r- 1 7 J u n -1 7 S e p -1 7 D e c -
Slide 8: Smart Option Serviced Portfolio: Annualized Gross Defaults
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 8 Data as of March 31, 2023. (1) Loans in P&I Repayment include only those loans for which scheduled principal and interest payments were due at the end of the applicable monthly reporting period. (2) P&I Repaymen
Slide 9: Cumulative Defaults by P&I Repayment Vintage
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 9 3.5% 2.9% 2.7% 2.5% 2.4% 1.9% 1.5% 1.0% 0% 2% 4% 6% 8% 10% 12% 14% 0 1 2 3 4 5 6 7 8 C u m u la ti v e D e fa u lt s a s a % o f D is b u rs e d P ri n c ip a l E n te ri n g P & I R e p a y m e n t Years Since
Slide 10: Prepayment Speeds by Disbursement Vintage
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 10 Data as of March 31, 2023. (1) Please see pages 18 & 19 for a description and explanation of the data and calculations underlying these charts. (2) Data for all loans from initial disbursement, whether or not s
Slide 11: Prepayment Speeds by Disbursement Vintage (continued)
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 11 ► Data as of March 31, 2023. (1) Please see pages 18 & 19 for a description and explanation of the data and calculations underlying these charts. (2) Data for all loans from initial disbursement, whether or not
Slide 12: Periodic Defaults by P&I Repayment Vintage
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 12 (1) Please see page 17 for a description and explanation of the data and calculations underlying these charts. (2) Data as of March 31, 2023 for Sallie Mae Bank serviced loans only. (3) Numerator is the Periodi
Slide 13: Periodic Defaults by P&I Repayment Vintage: Interest Only
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 13 (1) Please see page 17 for a description and explanation of the data and calculations underlying these charts. (2) Data as of March 31, 2023 for Sallie Mae Bank serviced loans only. (3) Numerator is the Periodi
Slide 14: Periodic Defaults by P&I Repayment Vintage: Fixed Pay
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 14 (1) Please see page 17 for a description and explanation of the data and calculations underlying these charts. (2) Data as of March 31, 2023 for Sallie Mae Bank serviced loans only. (3) Numerator is the Periodi
Slide 15: Periodic Defaults by P&I Repayment Vintage: Deferred
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 15 (1) Please see page 17 for a description and explanation of the data and calculations underlying these charts. (2) Data as of March 31, 2023 for Sallie Mae Bank serviced loans only. (3) Numerator is the Periodi
Slide 16: Bank. All rights reserved.
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 16
Slide 17: Bank. All rights reserved. o o o o
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 17 o o o o o o
Slide 18: Bank. All rights reserved.
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 18
Slide 19: Prepayment calculation formulas
Confidential and proprietary information. © 2023 Sallie Mae Bank. All rights reserved. 19 𝑃𝑟𝑒𝑝𝑎𝑦𝑚𝑒𝑛𝑡𝑡 = 𝑃𝑀𝑇𝑡 − 𝑆𝑃𝑡 𝑆𝑀𝑀𝑡 = Τ𝑃𝑟𝑒𝑝𝑎𝑦𝑚𝑒𝑛𝑡𝑡 𝐸𝑋𝑃𝑡 𝑆𝑅𝑡 = 1 − 𝑆𝑀𝑀𝑡 𝐶𝑃𝑅𝑛 = 1 − ෑ 𝑡=1 3 𝑆𝑅𝑡 4 𝑤ℎ𝑒𝑟𝑒: 𝑛 = 𝑞𝑢𝑎𝑟𝑡𝑒𝑟 𝑡 = 𝑚𝑜𝑛𝑡ℎ 𝑜𝑓 𝑞𝑢𝑎𝑟𝑡𝑒𝑟