Altisource Portfolio Solutions S.a. · NASDAQ:ASPS
Altisource Portfolio Solutions — Investor Presentation (January 2015)
15 slides from Altisource Portfolio Solutions's investor presentation, Jan 16, 2015
Slide 1: Investor Presentation
January 16, 2015 Investor Presentation PROPRIETARY AND CONFIDENTIAL. This document contains copyrighted, proprietary and confidential information of Altisource Solutions S.à r.l. and/or its affiliates (collectively, “Altisource”) that may constitute trade secret and/or legally privileged information
Slide 2: Forward-Looking Statements, Estimates and Non-GAAP Measures
Forward-Looking Statements, Estimates and Non-GAAP Measures This presentation contains forward-looking statements. These statements may be identified by words such as “anticipate,” “intend,” “expect,” “may,” “could,” “should,” “would,” “plan,” “estimate,” “seek,” “believe” and similar expressions. W
Slide 3: Ocwen's Existing Non-GSE Portfolio
We believe Ocwen’s existing Non-GSE portfolio provides a long-term stream of revenue and earnings to Altisource Ocwen’s Existing Non-GSE Portfolio 1 Attributable to Altisource 2 Excludes service revenue and pretax income related to the Financial Services segment’s mortgage charge-off collections ser
Slide 4: Growth Initiatives
Growth Initiatives Real Estate Marketplace Expand our innovative online real estate marketplace Grow our property management and renovation services business Mortgage Marketplace Grow our origination services and technologies Attract new clients to our comprehensive default related businesses
Slide 5: Growth Milestones - 2015
Growth Milestones - 2015 Real Estate Marketplace Expand our innovative online real estate marketplace Grow our property management and renovation services business Mortgage Marketplace Grow our origination services and technologies Attract new clients to our comprehensive default related businesses
Slide 6: Preliminary Unaudited Financial Information
Altisource’s results for fiscal year 2014 have not yet been finalized. The preliminary results included herein are subject to change as a result of the period-end closing process and the audit of Altisource’s financial statements Preliminary Unaudited Financial Information 1 Attributable to Altisour
Slide 7: 2015 Scenarios
2015 Scenarios 2014 2015 $ millions (except EPS) Preliminary Scenario A3 Scenario B4 Average of the financial information from Scenarios A and B Service Revenue $935.8 - $945.8 $804 $935 $870 GAAP Pretax Income1 $145.3 - $149.3 $61 $130 $96 Adjusted Pretax Income1,2 $183.5 - $187.5 $101 $170 $136 GA
Slide 8: Appendix
Appendix Non-GAAP Measures . . . .8 Assumptions . . 11 Investor Relations Information .. ..14
Slide 9: Non-GAAP Measures
Non-GAAP Measures Adjusted Pretax Income Attributable to Altisource, Adjusted Net Income Attributable to Altisource and Adjusted Earnings Per Share – Diluted are non-GAAP measures used by our Chief Operating Decision Maker, existing shareholders and potential shareholders to measure Altisource’s per
Slide 10: Non-GAAP Measures Reconciliation
Non-GAAP Measures Reconciliation ($ in millions except per share values) Q1 2014 Q2 2014 Q3 2014 Preliminary Q4 2014 Preliminary 2014 2015 Scenario A2 2015 Scenario B3 Average of Scenarios A and B GAAP Pretax Income1 $42.7 $57.6 $45.0 $0 - $4.0 $145.3 - $149.3 $60.9 $130.2 $95.6 Add: Impact of intan
Slide 11: Non-GAAP Measures
Non-GAAP Measures ($ in millions except share count and per share values) Q1 2014 Q2 2014 Q3 2014 Preliminary Q4 2014 Preliminary 2014 2015 Scenario A1 2015 Scenario B2 Average of Scenarios A and B Intangible asset amortization expense $9.5 $10.1 $9.7 $8.9 $38.2 $40.0 $40.0 $40.0 Tax benefit from in
Slide 12: Assumptions - Ocwen's Existing Non-GSE Portfolio
Assumptions - Ocwen’s Existing Non-GSE Portfolio 1 Attributable to Altisource 2 Service revenue per delinquent Non-GSE loan reflects a possible change in billing that results in certain services that were historically revenue from reimbursable expenses revenue becoming service revenue 2015 2016 2017
Slide 13: Assumptions - 2015 Scenarios
Assumptions - 2015 Scenarios 1 2015 Service revenue per delinquent Non-GSE loan reflects a possible change in billing that results in certain services that were historically reimbursable expenses revenue becoming service revenue 2 These are Altisource's internal estimates and are not intended to con
Slide 14: Assumptions - 2015 Scenarios
Assumptions - 2015 Scenarios 1 2014 service revenue included approximately $32 million of acquisition related deferred revenue recognized during 2014 Acquisition related deferred revenue was fully recognized in 2014 2 Attributable to Altisource 2014 2015 Preliminary Scenario A Scenario B Low End of
Slide 15: About Altisource / Investor Relations Information
About Altisource We are a premier marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries offering both distribution and content. We leverage proprietary business process, vendor and electronic payment management software and behavioral science based
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