Finance Of America Companies Inc. · NYSE:FOA

Finance Of America Companies — Q2 2024 Earnings Presentation

15 slides from Finance Of America Companies's earnings presentation, Aug 6, 2024

  1. Slide 1: Finance of America Companies

    © 2024 Finance of America Companies

  2. Slide 2: Disclaimer: Forward-Looking Statements

    Disclaimer 2 Forward-Looking Statements This presentation includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts or statements of current conditions, bu

  3. Slide 3: Section 1: The Finance of America Investment Thesis

    SECTION 1 The Finance of America Investment Thesis Our Great Ambition pase 4 Investment Thesis paces FINANCE of AMERICA - COMPANIES -

  4. Slide 4: Senior home equity sources

    4 Source 1) https://www.nrmlaonline.org/about/press-releases/senior-home- equity-levels-totals-13-19t-in-q1 Source 2 ) deloitte.com/us/en/insights/industry/financial-services/closing- retirement-savings-gap.html

  5. Slide 5: Home Equity for Retirement is Ripe for Disruption

    INVESTMENT THESIS Home Equity for Retirement is Ripe for Disruption The category only sees a fraction of the $13T total home equity seniors hold. Finance of America is ideally situated to catalyze category growth and capture first-mover advantage. OUR DISTINCTIVE ADVANTAGES: ol = Clear Market Leader

  6. Slide 6: Q2 Supplement

    Q2 Supplement Performance Improvement pase 7 New Income Statement Format pases Recent Developments pase 9 Third Quarter Commentary pase 10 Brand Consolidation pase 1 Reverse Mortgage Media Trends pase 12 A FINANCE of AMERICA - COMPANIES -

  7. Slide 7: Performance Improvement

    7 9 • • (1) • (19) (26) (25) Q2-23 Q3-23 Q4-23 Q1-24 Q2-24

  8. Slide 8: New Income Statement Format

    Q2 SUPPLEMENT New Income Statement Format 478 (413) ($ Millions) PORTFOLIO INTEREST INCOME Interest income Interest expense For the three months ended June 30, 2023 415 (350) NET PORTFOLIO INTEREST INCOME 65 ———> _ 65 OTHER INCOME (EXPENSE) Net origination gains Gains on securitization of HECM tails

  9. Slide 9: Recent Developments

    Q2 SUPPLEMENT Recent Developments Earnings Tangible Net Worth Liquidity Capital Structure Access to Capital FINANCE of AMERICA -COMPANIES-— Benefit Description Reverse Stock Split Exchange Offer Support Agreement Draft Terms of HMBS 2.0 Proposed Enhancement on Debenture interest for NABOs New Financ

  10. Slide 10: Third Quarter Commentary

    Q2 SUPPLEMENT Third Quarter Commentary Increased Fundings / Submissions July is the highest funding month and highest submission month since acquisition of retail platform from AAG This achievement reflects the successful implementation of our strategic initiatives and strong market demand for our p

  11. Slide 11: Brand Consolidation

    Brand Consolidation

  12. Slide 12: Positive Long-Term Media Coverage Trend

    @2 SUPPLEMENT Positive Long-Term Media Coverage Trend Over the past 10 years, negativity has decreased for both headline sentiment and overall sentiment, with discussions about reverse mortgages leaning more neutral to positive in nature. This shift in sentiment seems to be the result of a combinati

  13. Slide 13: Appendix

    APPENDIX FINANCE of AMERICA - COMPANIES -

  14. Slide 14: Non-GAAP Reconciliation

    Non-GAAP Reconciliation All values in $ Millions Q2 2023 Q3 2023 @4 2023 Q1 2024 Q2 2024 Pre-tax income (loss) ($224) ($173) $172 ($16) ($4) Adjustments for: Changes in fair value 171 120 (221) (9) (8) Amortization and impairment of goodwill and intangible 9 9 7 10 9 assets(2) Share-based compensati

  15. Slide 15: Let's Unlock America's Greatest Retirement Asset

    Let’s Unlock America’s Greatest Retirement Asset Co For more information visit us online: IR.FinanceOfAmerica.com 1 Or email us at: Y IR@FinanceOfAmerica.com

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