Slm Corporation · NASDAQ:SLM
Slm — Debt Investor Presentation (November 2020)
20 slides from Slm's debt investor presentation, Nov 10, 2020
Slide 1: Period ended September 30, 2020
Exhibit 99.1 Period ended September 30, 2020 Confidential and proprietary information. © 2020 Sallie Mae Bank. All rights reserved.
Slide 2: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements The following information is current as of September 30, 2020 (unless otherwise noted) and should be read in connection with the press release of SLM Corporation (the “Company”) dated October 21, 2020, announcing its financial results for the quar
Slide 3: SMB Private Education Loan Trust securitization transactions
Date Transaction Date Transaction Date Transaction July 2015 SMB Private Education Loan Trust 2015-B May 2016 SMB Private Education Loan Trust 2016-A February 2017 SMB Private Education Loan Trust 2017-A July 2016 SMB Private Education Loan Trust 2016-B October 2016 SMB Private Education Loan Trust
Slide 4: • • • • • • • • • rights reserved.
• • • • • • • • • Confidential and proprietary information. © 2020 Sallie Mae Bank. All rights reserved. 4
Slide 5: Smart Option Serviced Portfolio: 31-60 Day Delinquencies
Smart Smart Option Serviced Portfolio: 31-60 Delinquencies Day (3) Vintage performance history excludes data points for a vintage when the balance of loans in P&I Repayment outstanding in that vintage constitutes less than 1% of total balance of loans in P&I inP&I loansof balance total of 1% than le
Slide 6: Smart Option Serviced Portfolio: 61-90 Day Delinquencies
Smart Smart Option Serviced Portfolio: 61-90 Delinquencies Day (3) Vintage performance history excludes data points for a vintage when the balance of loans in P&I Repayment outstanding in that vintage constitutes less than 1% of total balance of loans in P&I inP&I loansof balance total of 1% than le
Slide 7: Smart Option Serviced Portfolio: 91+ Day Delinquencies
Smart Smart Option Serviced Portfolio: 91+ Day Delinquencies (3) Vintage performance history excludes data points for a vintage when the balance of loans in P&I Repayment outstanding in that vintage constitutes less than 1% of total balance of loans in P&I inP&I loansof balance total of 1% than less
Slide 8: Smart Option Serviced Portfolio: Forbearance
Smart Smart Option Serviced Portfolio: Forbearance . . Repayment inP&I loans of balance total of 1% than less constitutes vintage that in outstanding RepaymentP&I in loans of balancethe whenvintagea for points data excludes history performance Vintage loan. theon payments interest fullprincipaland m
Slide 9: Smart Option Serviced Portfolio: Annualized Gross Defaults
Smart Smart Option Serviced Portfolio: Annualized Gross Defaults (3) Vintage performance history excludes data points for a vintage when the balance of loans in P&I Repayment outstanding in that vintage constitutes less than 1% of total balance of loans in P&I inP&I loansof balance total of 1% than
Slide 10: Smart Option Serviced Portfolio: Cumulative Defaults by P&I Repayment Vintage
Smart Option Student Loans - Serviced Portfolio: Total Portfolio Smart Option Student Loans - Serviced Portfolio: Interest Only Cumulative Defaults by P&I Repayment Vintage Cumulative Defaults by P&I Repayment Vintage and Years Since First P&I Repayment Period (1) 2010⁽²⁾ and Years Since First P&I R
Slide 11: Voluntary CPR by Disbursement Vintage
► Voluntary prepay speeds trend up as more loans enter P&I repayment. Smart Option Student Loans - Serviced Portfolio: All Products Smart Option Student Loans - Serviced Portfolio: Interest Only (1), (2), (3) Voluntary CPR by Disbursement Vintage Voluntary CPR by Disbursement Vintage (1), (2), (3) D
Slide 12: Total CPR by Disbursement Vintage
► Smart Option Student Loans - Serviced Portfolio: All Products Smart Option Student Loans - Serviced Portfolio: Interest Only (1), (2), (3) Total CPR by Disbursement Vintage (1), (2), (3) Total CPR by Disbursement Vintage Data for Legacy SLM thru April 30, 2014 and Sallie Mae Bank since May 1, 2014
Slide 13: Smart Option Combined: Periodic Defaults Percentage
Smart Option Combined (P&I Repayment - Total) Disbursed Principal Periodic Defaults Percentage P&I Repayment Entering P&I by Years Since First P&I Repayment Period (1), (4), (5) Vintage Repayment ($m) 0 1 2 3 4 5 6 7 8 9 Total 2010(2) 427 1.3% 1.3% 1.2% 1.1% 0.9% 0.5% 0.4% 0.4% 0.2% 7.2% 2011(2) 996
Slide 14: Smart Option Interest Only: Periodic Defaults Percentage
Smart Option Interest Only (P&I Repayment - Total) P&I Disbursed Principal Periodic Defaults Percentage Repayment Entering P&I by Years Since First P&I Repayment Period (1), (4), (5) Vintage Repayment ($m) 0 1 2 3 4 5 6 7 8 9Total 2010(2) 426 1.3% 1.4% 1.2% 1.1% 0.9% 0.5% 0.4% 0.3% 0.2% 7.2% 2011(2)
Slide 15: Smart Option Fixed Payment: Periodic Defaults Percentage
Smart Option Fixed Payment (P&I Repayment - Total) P&I Disbursed Principal Periodic Defaults Percentage Repayment Entering P&I by Years Since First P&I Repayment Period (1), (4), (5) Vintage Repayment ($m) 0 1 2 3 4 5 6 7 8 9Total 2011(2) 221 0.3% 1.4% 1.6% 1.3% 1.3% 1.0% 0.9% 0.7% 8.5% 2012(2) 529
Slide 16: Smart Option Deferred: Periodic Defaults Percentage
Smart Option Deferred (P&I Repayment - Total) P&I Disbursed Principal Periodic Defaults Percentage Repayment Entering P&I by Years Since First P&I Repayment Period (1), (4), (5) Vintage Repayment ($m) 0 1 2 3 4 5 6 7 8 9Total 2012(2) 249 0.1% 1.5% 1.4% 1.6% 1.1% 1.2% 0.8% 7.6% 2013(2) 635 0.1% 1.6%
Slide 17: rights reserved.
Confidential and proprietary information. © 2020 Sallie Mae Bank. All rights reserved. 17
Slide 18: o o o o o o rights reserved.
o o o o o o Confidential and proprietary information. © 2020 Sallie Mae Bank. All rights reserved. 18
Slide 19: rights reserved.
Confidential and proprietary information. © 2020 Sallie Mae Bank. All rights reserved. 19
Slide 20: CPR calculation formulas
푃푟푒푝푎푦푚푒푛푡� = 푃푀푇� − 푆푃� 푆푀푀� = 푃푟푒푝푎푦푚푒푛푡�⁄퐸푋푃� 푆푅� = 1−푆푀푀� � � 퐶푃푅� =1− � 푆푅� ��� 푤ℎ푒푟푒: 푛 = 푞푢푎푟푡푒푟 푡 = 푚표푛푡ℎ 표푓 푞푢푎푟푡푒푟 Confidential and proprietary information. © 2020 Sallie Mae Bank. All rights reserved. 20