Two Harbors Investment Corp · NYSE:TWO
Two Harbors Investment — Q1 2010 Earnings Presentation
7 slides from Two Harbors Investment's earnings presentation, May 4, 2010
Slide 1: Two Harbors Investment Corp. 2010 First Quarter Earnings Call
Two Harbors Investment Corp. 2010 First Quarter Earnings Call
Slide 2: Safe Harbor Statement
Safe Harbor Statement Forward-Looking Statements This presentation may include “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections a
Slide 3: Key Highlights
Key Highlights Completed deployment of initial capital in January 2010. = Earned $0.40 per diluted common share on a GAAP basis. = Declared quarterly dividend of $0.36 per share! in March 2010. = Increased book value per share to $9.38 at March 31, 2010, from $9.08 as of December 31, 2009, after adj
Slide 4: Operating Performance
Operating Performance Income Statement Data Operating Performance Operating Performance ($000: except for EPS) i200 * $2.5 net premium amortization associated with Agency RMBS portfolio, $1.1 million of accreted Interest income $ 6159 discount amottization associated with Non-Agency Intenest enpense
Slide 5: Change in Stockholders' Equity
Change in Stockholders’ Equity Book Value per Share Change in Stockholders’ Equity ($000, except for pershare amounts) Book Value (Giluted basis) Stookholdass’ equity at December 31, 2009 § t2i7a1 $ 9.08 GAAP net income, net of tux 527 40 Other compérhensive income 3,500 0.26 Dividend declaration (4
Slide 6: Portfolio Composition
Portfolio Composition As of March 31, 2010 AtDecember 31, Realized ArMarch 31, Portfolio Yield 2009 Qu2010 2010 Mezzanine Hybtid ARMs Annualized yild Arh 49% 50% Sedlow Cost of financing! 04% 05% 5% Net interest speead 43% Aah 43% Fond Rate Portfolio Metrics Agency Weighted average thise-tnonth CPR
Slide 7: Contact Information
Contact Information For further information, please contact Anh Huynh Investor Relations Two Harbors Investment Corp. 612,238, 3348 Anh Huynh(@twobarborsinvestment com
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