Octave Specialty Group, Inc. · NYSE:OSG
Octave Specialty — Ambac Financial Group — Q1 2019 Earnings Presentation
8 slides from Octave Specialty's earnings presentation, May 10, 2019
Slide 1: Puerto Rico Exposure First Quarter 2019
PUERTO RICO EXPOSURE First Quarter 2019 © 2019 Ambac Financial Group, Inc. One State Street Plaza, New York, NY 10004 All Rights Reserved | 800-221-1854 | www.ambac.com
Slide 2: Neither Ambac nor any of its employees, affiliates or representatives makes any representation or
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 re
Slide 3: Puerto Rico Exposure & Ratings Summary
PUERTO RICO EXPOSURE & RATINGS SUMMARY Ambac Puerto Rico Exposure ($ in millions) (1) (1) (2) (5) (2)(5) as of March 31, 2019 Gross Principal & Net Principal Range of Credit (6) Single Risk Gross Par Net Par Interest & Interest Maturity Class Rating General Fund Debt: PR Commonwealth GO $ 56.0 $ 56.
Slide 4: Schedule of Net Debt Service on Insured Debt
SCHEDULE OF NET DEBT SERVICE(1) ON INSURED DEBT (AS OF MARCH 31, 2019) $175 $150 $125 $ (Millions) $100 $75 $50 $25 (2) (3) $0 2019 2020 2021 2022 2023 2024 2025 2026 2027 Year of Payment General Obligation Highway (2) (3) Hotel Occupancy Tax Rum Tax and General Obligation Guaranteed (1) Net of rein
Slide 5: Net Principal and Interest Amortization
PUERTO RICO NET PRINCIPAL AND INTEREST(1) AMORTIZATION AS OF MARCH 31, 2019 ($ IN MILLIONS) Net Principal and Interest Amortization of Ambac Insured Puerto Rico Exposures by Payment Date Senior Commonwealth Public Bldg - GO Senior Highway Transportation Hotel Occupancy Sales Tax Payment Date GO Guar
Slide 6: Net Principal and Interest Amortization – Continued
PUERTO RICO NET PRINCIPAL AND INTEREST(1) AMORTIZATION – CONTINUED AS OF MARCH 31, 2019 ($ IN MILLIONS) Net Principal and Interest Amortization of Ambac Insured Puerto Rico Exposures by Payment Date Senior Commonwealth Public Bldg - GO Senior Highway Transportation Hotel Occupancy Sales Tax Payment
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: About Ambac
About Ambac Ambac Financial Group, Inc. (“Ambac” or “AFG”), headquartered in New York City, is a holding company whose subsidiaries, including its principal operating subsidiaries, Ambac Assurance Corporation (“Ambac Assurance or AAC”), Everspan Financial Guarantee Corp. and Ambac Assurance UK Limit
Ambac Financial Group — Q1 2019 Earnings Presentation on 6ix