Omni Financial Services Inc · OTC:OFSI
Omni Financial Services — Sandler O'Neill & Partners 2006 Financial Services Conference
17 slides from Omni Financial Services's conference presentation, Nov 15, 2006
Slide 1: Sandler O'Neill & Partners 2006 Financial Services Conference
Exhibit 99.1 Sandler O’Neill & Partners, L.P. 2006 Financial Services Conference November 16, 2006
Slide 2: Forward Looking Statements
Forward Looking Statements During the course of this presentation, management may make projections and forward-looking statements regarding events or the future financial performance of Omni Financial Services, Inc. We wish to caution you that these forward-looking statements involve certain risks a
Slide 3: Results – An Uncommonly High Performer
Results – An Uncommonly High Performer Omni would be one of only 5 publicly traded banks (1) that meets these size, growth, performance 4 Year EPS CAGR > 40% 5 (FY2001 - 2005) and asset quality metrics (Omni = 50.3%) Average ROAE > 15% 19 (FY2004, FY2005, YTD’06) (Omni = 16.4%) Average NCOs / Avg. L
Slide 4: IPO Overview
IPO Overview Closing Date: October 4, 2006 Ticker Symbol / Exchange: OFSI / NASDAQ Total Shares Sold (including 15% Overallotment): 3,852,500 Initial Price: $9.50 Net Proceeds: $33 million Post IPO Market Capitalization: $119 million (1) Use of Proceeds: - Support internal growth - Acquisitions of b
Slide 5: Omni - A History of Executing on Opportunities
Omni - A History of Executing on Opportunities 1992: Commenced operations as a private redevelopment lender in Atlanta 1992 - 2000: Developed and implemented proprietary community redevelopment lending model $700 $600 October December 2002: 2006: IPO, December Established Omni $33million 2004: Opene
Slide 6: Omni - Our Company Today
Omni - Our Company Today Headquartered in Atlanta, GA – 12 offices nationwide Superior balance sheet growth… (1) – $643million in total assets (2) – 46.5% assets CAGR …coupled with strong returns (3) – 50.3% EPSgrowth CAGR …and disciplined credit culture …with exciting growth opportunities (1) As of
Slide 7: Our Business Lines
Our Business Lines 1) Redevelopment Lending Group – Omni Community Development Corporation (CRA = Outstanding) 2) Commercial Lending: Real Estate, C&I 3) Leasing Division – Factoring 4) Warehouse Lending 5) Retail – Consumer – Mortgages 7
Slide 8: Core Competencies
Core Competencies 1) EPS Growth 50.3% CAGR (1) – Driven by loan growth = 49.5% CAGR (2) 2) Return on Average Equity 15.4% (3) 3) Diversity – Employees, producers, managers – Markets – Business lines 4) Entrepreneurial Environment – Fostered through management style & infrastructure – Employee owners
Slide 9: Our Executive Officers
Our Executive Officers Joined Share (2) Officer Age Title Omni Ownership Stephen Klein 52 Founder, Chairman and Chief Executive Officer 1992 3,464,200 Irwin Berman 46 President and Chief Operating Officer 2000 361,891 Connie Perrine 45 EVP - Chief Financial Officer 2006 17,950 Jeffrey Levine 65 Foun
Slide 10: Results - Balance Sheet Growth
Results - Balance Sheet Growth Unique Business Model and Attractive Markets have Yielded Impressive Growth 43% YTD'06 net loan growth 49% net loan growth vs September 2005 Total Assets ($ in millions) Net Loans ($ in millions) $461.9 $700.0 $643.3 $500.0 $600.0 CAGR: 46.5%(1) $450.0 CAGR: 49.5%(1) $
Slide 11: Results - Profitability
Results - Profitability Growth in Net Income and Diluted EPS(1)(2) is Our Primary Focus 69% YTD'06 net income growth (3) 49% YTD'06 diluted EPSgrowth (3) Net Income ($ in thousands) Fully Diluted Earnings Per Share $4,500 $4,162 $0.60 $0.55 $0.50 $0.51 $4,000 4-Year CAGR: $3,385 $0.50 4-Year CAGR: $
Slide 12: Results - Profitability: Return on Average Equity
Results - Profitability Return on Average Equity is Our Focus Metric (1)(2) YTD'06 ROAE of 15.4% vs 14.8% for YTD'05 ROAE 20.00% 17.55% 15.43% 14.98% 15.00% 9.64% 10.00% 6.71% 5.70% 5.00% 0.00% 2001 2002 2003 2004 2005 YTD'06 (1) Performance ratios presented on a pro forma tax equivalent basis (2) F
Slide 13: Results - Profitability: Efficiency Gains
Results - Profitability Future Efficiency Gains will Enhance Profitability Significant infrastructure investment to support current operations New corporate headquarters in Atlanta during 2005 172 current employees vs 64 in 2001 12 offices vs 5 in 2001 Efficiency Ratio 100.00% 90.1% 89.1% 76.7% 80.0
Slide 14: Results - Profitability: Net Interest Margin
Results - Profitability Impressive Margin Driving Profitability Diversification of loan portfolio has contributed to reduced margin Meaningful upside with expansion of retail deposit franchise Net Interest Margin Redevelopment Loans / Total Loans 10.00% 50.0% 8.56% 8.00% 44.0% 40.0% 6.49% 6.00% 5.87
Slide 15: Results - Profitability: Loan Spreads
Results - Profitability Margin Driven by Loan Spreads (1) , Funding Costs Less Relevant 9.22% weighted average gross loan yield (2) Loan yields Cost of brokered time deposits Loan spreads 12.00% 10.50% 9.67% 9.39% 10.00% 8.68% 8.00% 6.04% 5.73% 5.89% 5.48% 6.00% 4.61% 4.00% 3.63% 3.66% 3.20% 2.00% 2
Slide 16: Results - Stringent Credit Administration
Results - Stringent Credit Administration Vital Aspect of Omni's Culture NPLs/ Gross Loans 2.50% 2.09% 2.08% Attributable to GCB acquisition Problem loan workout experience 2.00% 1.52% – Acquired NPAs: United National 1.50% 0.69% 1.05% Bank, Georgia Community Bank 0.94% 1.00% 0.11% 0.79% 0.50% 0.83%
Slide 17: Execute on Opportunities
Execute on Opportunities Unlimited Organic Growth Potential – Current markets, new markets – Business lines: insurance, brokerage, wealth management, trust High Performing, Earnings Machine – Focused on exceptional EPS growth and ROAE Community Development Corporation – Minimal capital needs, unique
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