Axos Financial, Inc. · NYSE:AX
Axos Financial — Merger or Acquisition (August 2021)
9 slides from Axos Financial's merger presentation, Aug 2, 2021
Slide 1: EAS Acquisition Closed
EAS Acquisition Closed August 2, 2021 NYSE: AX
Slide 2: Safe Harbor
Safe Harbor This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Reform Act”). The words “believe,” “expect,” “anticipate,” “estimate,” “project,” or the negation thereof or similar expressions constitute forward-looki
Slide 3: E*TRADE Advisor Services Acquisition
E*TRADE Advisor Services Acquisition Axos Clearing acquired certain assets and deposits related to E*TRADE Advisor Services (EAS): 1) $55 million cash purchase price paid at closing from Axos Financial 2) Includes $24.8 billion of custodial assets & ~$1.2 billion low-cost deposits 3) Accelerates tim
Slide 4: EAS Expands Axos' Total Addressable Market
EAS Expands Axos’ Total Addressable Market Total Axos - Standalone Addressable $4.4T AUM Market (TAM) 22,500 RIAs • Axos Advisor Services is a new brand. It will take significant marketing and business development Serviceable effort to create brand awareness among TAM RIA Available Market ~$808B pro
Slide 5: Adds a Scalable Technology Platform
Adds a Scalable Technology Platform Axos Advisor Services Platform Overview Liberty Integrated Platform Liberty Platform Web-based Highly scalable and secure Growth Portfolio Managed Operational Reporting + Mobile capabilities Tools Management Investment Tools Analytics Asset-based pricing &
Slide 6: Enhances Axos' Securities Strategic Vision
Enhances Axos’ Securities Strategic Vision Leveraging Bank’s existing digital platforms provides a truly differentiated client experience for Independent RIAs. Onboard Clients Rich Banking and “Single-Pane” Faster Securities features Independent RIAs Universal Universal Introducing Clients Enrollmen
Slide 7: EAS/AAS Financials
EAS/AAS Financials Diversified Mix of Asset- and Transaction-based Revenues 2020 Net Revenues ($MM)* 1% Projected EPS Accretion in FY 2022 $5.8 $4.0 AUC (7/28/21): $24.8 billion $28.7 Sweep Deposits (7/28/21): $1.2 billion 1H CY 2021 Fee Income: $15.3 million 1H CY 2021 NII: $12.1 million $1
Slide 8: Long-Term Revenue and Expense Synergies
Long-Term Revenue and Expense Synergies Revenue Synergies* Cost Synergies* Axos Securities: Axos Securities: • Margin Loans • Self-Clearing • Securities Lending Axos Custody • Regulatory/Compliance • Fixed Income Trading • Client Acquisition Costs • Order Flow • Customer Service • White-label Robo A
Slide 9: Contact Information
Contact Information Greg Garrabrants, President and CEO Andy Micheletti, EVP/CFO investors@axosfinancial.com http://investors.axosfinancial.com Johnny Lai, VP Corporate Development and Investor Relations Phone: 858.649.2218 Mobile: 858.245.1442 jlai@axosfinancial.com 8