Consumer Portfolio Services, Inc. · NASDAQ:CPSS
Consumer Portfolio Services — Investor Presentation (May 2026)
20 slides from Consumer Portfolio Services's investor presentation, May 20, 2026
Slide 1: The Subprime Source Since 1991 - March 2026 Investor Presentation
The Subprime Source Since 1991 March 2026 Investor Presentation
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT Forward - looking statements in this presentation include the Company’s expectations of growth and the Company's recorded figures representing allowances for remaining expected lifetime credit losses, its estimates of fair value (most significantly for its receivables accounted
Slide 3: Company Overview
COMPANY OVERVIEW Consumer Portfolio Services specializes in purchasing and servicing automobile contracts originated by licensed motor vehicle dealers in the sale of new and used automobiles, light trucks and passenger vans. Through our purchases, we provide indirect financing to dealers for sub - p
Slide 4: The CPS Advantage
THE CPS ADVANTAGE • Repo - Skip Scorecard • Deficiency Scorecard • Dealer Scorecard • Asset Scorecard • Collection Behavior Scorecard • Extension Scorecard • Applicant Scorecard • Deal Scorecard • Early Payment Default Scorecard Originations Servicing (Collection) Servicing (Recovery) Asset & Dealer
Slide 5: Leadership
LEADERSHIP Charles “Brad” Bradley CEO, Chairman of the Board • CEO since 1992 • Chairman of the Board since 2001 • 35 years at CPS Mike Lavin President, COO, CLO • President since 2022 • COO since 2019. CLO since 2014 • 25 Years at CPS Danny Bharwani CFO • CFO since 2022 • 29 years at CPS CPS’ senio
Slide 6: Market
MARKET • $1.6 trillion auto loans outstanding at Q4 2025 (1) • ~15% of auto financings in Q4 2025 were sub - prime (1) Large Total Addressable Market (TAM) • Capital - intensive • Highly regulated industry High Barrier to Entry • Few dominant players • Compete on rates and fees Small, Fragmented Mar
Slide 7: Product Offering
PRODUCT OFFERING Meta 14.10% $103,368 4% Preferred 16.28% $88,879 18% Super Alpha 18.46% $77,521 15% Alpha Plus 20.91% $81,013 19% Alpha 22.29% $63,316 33% Standard 24.43% $58,246 8% Mercury / Delta 25.10% $54,991 3% First Time Buyer 24.31% $45,951 1% Overall 20.37% $23,422 $20,919 $16,341 $14,764 $
Slide 8: Origination Characteristics
ORIGINATION CHARACTERISTICS 100.0% 105.0% 110.0% 115.0% 120.0% 125.0% 130.0% Loan to Value 8.5% 9.0% 9.5% 10.0% 10.5% 11.0% 11.5% 12.0% Payment to Income 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% APR $0 $5,000 $10,000 $15,000 $20,000 $25,000 Amount Financed 8 All charts are contracts purchased for the three
Slide 9: Demand for Our Lending Programs
DEMAND FOR OUR LENDING PROGRAMS 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 YTD 2026 Applications vs. Funded Loans Approved Applications 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Applications Contracts Funded 49.6% Average Approval Rate 10,000 Approved Dealer Networ
Slide 10: Who Is Our Customer?
WHO IS OUR CUSTOMER? CPS Customer 39 Years Old on Average 5 Years Average Job Time 7 Years Average Length at Residence 7 Years Credit History on Average 21.2% Homeowners 10.8% Average Payment to Income $72,090 Average Household Income 34.2% Average Debt to Income 10 Amounts for CPS programs for cont
Slide 11: What Do Our Customers Drive?
WHAT DO OUR CUSTOMERS DRIVE? New, 11.5% Certified Pre - Owned, 15% Pre - Owned, 73.5% VEHICLE TYPE Factory Franchised, 71% ORIGINATING DEALERSHIP Independent, 29% Domestic, 11 Charts show data of CPS programs for contracts purchased for the three months ended March 31, 2026. 45% Imports , 55% VEHICL
Slide 12: Portfolio Performance
PORTFOLIO PERFORMANCE Data shown is CNL performance by origination quarter, and as of March 31, 2026. 12 22.00% 20.00% 18.00% 16.00% 14.00% 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% CNL Percentage 2018 - Q1 2020 - Q4 2023 - Q3 2018 - Q2 2021 - Q1 2023 - Q4 2018 - Q3 2021 - Q2 2024 - Q1 1 3 5 7 9 1
Slide 13: Economic Model
ECONOMIC MODEL December 31, 2025 Interest Income March 31, 2026 11.3% March 31, 2025 11.4% 11.5% Interest Expense (6.2%) (6.1%) (6.3%) Net Interest Margin 5.1% 5.3% 5.2% Mark to Fin. Recs. at FV 0.0% 0.4% 0.0% Other Income 0.4% 0.2% 0.1% Core Operating Expenses (4.6%) (5.1%) (4.6%) Pretax Return on
Slide 14: Summary Balance Sheet
SUMMARY BALANCE SHEET March 31, 2026 December 31, 2025 Assets Cash $ $ Restricted cash 6.3 165.9 Finance receivables, measured at fair value 3,655.9 Other assets 6.9 178.5 3,835.8 31.6 30.1 4,052.8 $ 3,858.2 $ Liabilities Accounts payable and accrued expenses $ 65.2 $ Warehouse lines of credit 324.9
Slide 15: Summary Statement of Operations
SUMMARY STATEMENT OF OPERATIONS (1) Numbers may not add due to rounding. Interest income Mark to finance receivables at fair value $ 108.7 $ 101.9 - Other income 3.6 3.5 1.4 Total Revenues 112.3 106.9 Employee costs 23.0 25.0 General and administrative 21.2 20.1 Interest 60.1 54.9 Total Expenses 104
Slide 16: Selected Financial Data
SELECTED FINANCIAL DATA $ Amount 11.58% ($ in millions) Auto contract purchases Total portfolio Core operating expenses (1) % of avg. managed portfolio Pretax return on managed assets (2) Total delinquencies and repo inventory (30+ days past due) As a % of total owned portfolio Annualized net charge
Slide 17: Shareholder Value
SHAREHOLDER VALUE Growing Shareholder Value NASDAQ Listed Stock - Ticker Symbol: CPSS $0 $2,500 $5,000 $7,500 $10,000 $12,500 $15,000 $17,500 $20,000 $22,500 $25,000 $27,500 $30,000 $32,500 $35,000 $37,500 $40,000 Mar - 19 Jun - 19 Sep - 19 Dec - 19 Mar - 20 Jun - 20 Sep - 20 Dec - 20 Mar - 21 Jun -
Slide 18: Shareholder's Equity
SHAREHOLDER’S EQUITY 2.5x Growth in 4 Years Consistent Growth and Profitability, Fueling Value Creation $350,000 $325,000 $300,000 $275,000 $250,000 $225,000 $200,000 $175,000 $150,000 $125,000 $100,000 $75,000 $50,000 $25,000 $ - Shareholder's Equity ($ in thous.) Shareholder's Equity 18
Slide 19: Investment Outlook
INVESTMENT OUTLOOK Continuous Growth Strong macroeconomic factors AI - driven Originations Scorecard Strong Fundamentals • Originations volumes are driving top line revenue growth • Managed portfolio is at largest amount in company history • Shareholder value continues to increase • Raised Wtd. Avg
Slide 20: Reference to Public Reports
REFERENCE TO PUBLIC REPORTS Any person considering an investment in securities issued by CPS is urged to review the materials filed by CPS with the U.S. Securities and Exchange Commission ("Commission"). Such materials may be found by inquiring of the Commission‘s EDGAR search page www.sec.gov/edgar
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