Slm Corporation · NASDAQ:SLM
Slm — IPO Roadshow (April 2007)
12 slides from Slm's IPO roadshow presentation, Apr 12, 2007
Slide 1: Additions to Debt Investor Presentation Materials
Additions to Debt Investor Presentation Materials Fourth Quarter and Year Ended December 31, 2006 April 11, 2007 SLM Corporation
Slide 2: Proposed Federal Student Loan Legislation
Proposed Federal Student Loan Legislation In early 2007, the House, the Senate and the Bush Administration all introduced proposals to change the federal student loan program Historically, changes to student loan legislation have been (i) subject to much debate, revision and delay, and (ii) applied
Slide 3: Guaranteed Student Loan Business
Guaranteed Student Loan Business 2002 2003 2004 2005 2006 Stafford/PLUS 47.052 45.524 47 40.658 39.869 Consolidation 25.25 34.96 49 65.434 79.635 Growth in Outstandings 0.07 0.11 0.19 0.11 0.13 84% of managed student loans, 43% of total revenue in 2006 US government guaranteed P&I upon default (1) L
Slide 4: Private Education Loan Business
Private Education Loan Business 2002 2003 2004 2005 2006 Private Education Loan Outstandings 5.822 8.305 11.482 16.437 22.588 Growth in Outstandings 0.38 0.43 0.38 0.43 0.37 16% of managed student loans, 23% of revenue 'Prime' average FICO scores, with risk- based pricing 51% of loans supported by c
Slide 5: Debt Management Operations ("DMO") Business
Debt Management Operations ("DMO") Business 20% of 2006 operating revenue Built through acquisition of six leading consumer collections companies Primarily third-party contingency collections >50% of DMO revenue related to student loans Variable cost, non-capital intensive businesses Consistent, rec
Slide 6: Sallie Mae's Private Credit Student Loan Program
Sallie Mae's Private Credit Student Loan Program (1) With a co-borrower, maximum aggregate loan indebtedness is permitted to be up to the cost of education less any other aid. (2) Minimum FICO score for the standard program. Prior to July 1, 2001, minimum FICO score for Sallie Mae branded loans was
Slide 7: SLM Private Credit Student Loan Trust 2007-A
SLM Private Credit Student Loan Trust 2007-A The structure of SLM 2007-A is similar to prior Sallie Mae Private Credit ABS issues(1) (1) Preliminary, subject to change. (2) Estimated based on a variety of assumptions concerning loan repayment behavior. Actual average life and repayment characteristi
Slide 8: SLM 2007-A Summary Pool Characteristics
SLM 2007-A Summary Pool Characteristics Loan Programs % Co-Borrower as Obligor Borrower Payment Status Pool Weighted Original Average FICO Score 718 Pool Weighted Current Average FICO Score 710 Average Borrower Indebtedness $13,020 Weighted Average Remaining Term 214 months No Co-Borrower Co-Borrowe
Slide 9: SLM 2007-A FICO Distribution at Loan Origination
SLM 2007-A FICO Distribution at Loan Origination(1) If there is a co-borrower, FICO score represents higher of borrower and co-borrower score. Loans with FICO scores greater than zero and less than 630 is less than 0.2% of the portfolio. Approximately 0.5% of the trust consists of student loans wher
Slide 10: SLM Private Credit ABS Trust Delinquency History
SLM Private Credit ABS Trust Delinquency History 61-90 Day Delinquencies 90+ Day Delinquencies Note: Data current as of February 28, 2007.
Slide 11: SLM Private Credit ABS Trust Prepayment History
SLM Private Credit ABS Trust Prepayment History In April 2006, Sallie Mae began offering private credit consolidation loans to its borrowers, resulting in an increase in prepayment speeds for SLM private credit ABS trusts
Slide 12: SLM FFELP ABS Trust Prepayment History
FFELP Stafford/PLUS Quarterly CPR 2Q2001 - 1Q2007 FFELP Consolidation Quarterly CPR 2Q2003 - 1Q2007 SLM FFELP ABS Trust Prepayment History