Jefferies Financial Group Inc. · NYSE:JEF
Jefferies Financial — Debt Investor Presentation (July 2026)
18 slides from Jefferies Financial's debt investor presentation, July 2026
Slide 1: Creditor and Counterparty Overview
Jefferies Creditor and Counterparty Overview JULY 2026 © 2024 Jefferies Financial Group Inc.
Slide 2: Notes on Forward Looking Statements
Notes on Forward Looking Statements This document contains “forward looking statements” within the meaning of the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward looking statements include statements about our future
Slide 3: Jefferies At A Glance
Jefferies At A Glance A Global, Full-Service Expertise and depth across advisory, underwriting, equities, fixed income, Investment Banking Firm alternative assets and wealth management Providing investors and corporate clients with the highest quality advice, Client-Focused execution and service We
Slide 4: Earnings and Revenues Update
Earnings and Revenues Update Second Quarter 2026 and Last Twelve Months Second Quarter Ended May 31, 2026 Last Twelve Months Ended May 31, 2026 • Net Revenues: $8,340 million • Net Revenues: $2,206 million • Pre-Tax Earnings: $1,113 million • Pre-Tax Earnings: $316 million • Net Earnings: $868 milli
Slide 5: Liquidity and Funding Principles
Liquidity and Funding Principles Jefferies’ long-standing liquidity and funding principles have maintained the strength and soundness of our platform across market cycles • Owning inventory that is composed of liquid assets that turn over regularly, with Level 3 Financial Instruments Owned represent
Slide 6: Core Operating Principles
Core Operating Principles Jefferies is focused on the following core principles to manage risk and deliver across-the-cycle revenue and earnings growth: Strong Liquidity • Jefferies maintains a very liquid, financeable and low-risk balance sheet • Jefferies maintains a consistent, carefully managed
Slide 7: Strong Capital Structure and Ample Liquidity
Strong Capital Structure and Ample Liquidity • Jefferies maintains a highly liquid balance sheet, with low gross leverage and exposure to illiquid assets, and significant structural liquidity • Jefferies continues to manage the size of its balance sheet in response to market conditions and volatilit
Slide 8: Limited Leverage
Limited Leverage • Jefferies has a long-standing policy of carefully managing balance sheet leverage • In periods of stress, Jefferies has demonstrated the ability to rapidly reduce leverage without unduly impacting our business (1)Tangible gross leverage ratio is a non-GAAP financial measure. See A
Slide 9: Strong Liquidity
Strong Liquidity Jefferies’ trading inventory is liquid and low-risk, rapidly turning to serve client flow Very Liquid Inventory Reliable Secured Funding Client-Focused • 77% of financial instruments • On average, approximately • Fee and flow-based owned are readily and 60% of our cash and non- busi
Slide 10: Level 3 Financial Instruments Owned Overview
Level 3 Financial Instruments Owned Overview As of May 31, 2026: • Approximately 97% of inventory is Level 1 or 2, with a minimal amount of Level 3 Financial Instruments Owned • Level 3 Financial Instruments Owned represent only 9.8% of tangible shareholders' equity(1) Level 3 Financial Instruments
Slide 11: Value-at-Risk (VaR)
Value-at-Risk (VaR) Note: A one-day time horizon, with a one-year look-back period, and a 95% confidence level was used. 11
Slide 12: Liquidity Pool
Liquidity Pool Jefferies maintains significant excess liquidity on hand Total Liquidity Pool ($ Millions) (1) (2) (1) Consists of high-quality sovereign government securities and reverse repurchase agreements collateralized by U.S. government securities and other high quality sovereign government se
Slide 13: Unsecured Long-Term Debt Profile
Unsecured Long-Term Debt Profile • As of May 31, 2026, our $16.0 billion principal value of unsecured long-term debt had a weighted average maturity of approximately 7.5 years • No maturity of unsecured long-term debt in a single year is greater than 20% of outstanding long-term debt Debt Maturity S
Slide 14: Credit Ratings
Credit Ratings GROUP Jefferies Financial Group Inc. Agency Rating Outlook Standard & Poor’s BBB Stable Moody’s Baa2 Stable Fitch BBB+ Stable SUBSIDIARIES Jefferies LLC (1) Agency Rating Outlook Standard & Poor’s BBB+ Stable Moody’s Baa1 Stable Jefferies International Limited (2) Agency Rating Outloo
Slide 15: Appendix
Appendix Jefferies
Slide 16: Consolidated Balance Sheet
Consolidated Balance Sheet ($ Millions) Note: As presented in Jefferies Financial Group Inc. public filings. (1)Leverage ratio equals total assets divided by total equity. (2)Tangible gross leverage ratio is a non-GAAP financial measure. See Appendix on page 17 for a reconciliation to GAAP measures.
Slide 17: Tangible Assets and Tangible Shareholders' Equity GAAP Reconciliation
Jefferies Financial Group Inc. Tangible Assets and Tangible Shareholders' Equity GAAP Reconciliation Note: Tangible gross assets and tangible shareholders' equity are unaudited non-GAAP financial measures that begin with information prepared in accordance with U.S. GAAP and then are adjusted to excl
Slide 18: Jefferies
Jefferies
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