Altisource Portfolio Solutions S.a. · NASDAQ:ASPS
Altisource Portfolio Solutions — Debt Investor Presentation (January 2015)
14 slides from Altisource Portfolio Solutions's debt investor presentation, Jan 30, 2015
Slide 1: Lender Presentation
January 30, 2015 Lender 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: 2015 Scenarios
2015 Scenarios $ millions Scenario A3 Scenario B4 Average of the financial information from Scenarios A and B Service Revenue $804 $935 $870 GAAP Pretax Income1 $61 $130 $96 GAAP Net Income Attributable to Altisource $57 $122 $90 EBITDA1 2 $162 $229 $196 1 Attributable to Altisource 2 EBITDA is a no
Slide 7: 2015 Scenarios: Cash and Long-Term Debt
2015 Scenarios $ millions Scenario A3 Scenario B4 Average of the financial information from Scenarios A and B Cash at December 31, 2014 $160 $160 $160 2015 EBITDA attributable to Altisource1 162 229 196 2015 Interest expense (30) (28) (29) 2015 Income tax expense (4) (8) (6) 2015 Capital expenditure
Slide 8: 2015 Scenarios: Leverage and Coverage Ratios
2015 Scenarios $ millions Scenario A4 Scenario B5 Average of the financial information from Scenarios A and B Pro forma long-term debt at December 31, 20151 / EBITDA2 6 3.6 2.6 3.0 Pro forma 2015 Net debt3 / EBITDA2 6 2.1 1.2 1.6 EBITDA2 6 / Interest expense 5.4 8.2 6.8 (EBITDA2 6 – Capex) / Interes
Slide 9: Appendix
Appendix Non-GAAP Measures9 Assumptions10 Investor Relations Information13
Slide 10: Non-GAAP Measures
Non-GAAP Measures Earnings before interest, taxes, depreciation and amortization, or EBITDA, is a non-GAAP measure used by our Chief Operating Decision Maker, existing investors and potential investors to measure Altisource’s performance The following is a reconciliation of GAAP net income attributa
Slide 11: Assumptions - Ocwen's Existing Non-GSE Portfolio
Assumptions - Ocwen’s Existing Non-GSE Portfolio 1 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 2018 2019 Service Revenue -
Slide 12: 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 13: Assumptions - 2015 Scenarios (continued)
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 Scenario A Scenario B Low End of Assumptions High End o
Slide 14: 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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