Life Settlement Assets Plc · LSE:LSAA
Life Settlement Assets — Corporate Update (May 2021)
8 slides from Life Settlement Assets's corporate update, May 2021
Slide 1: LSA Review May 2021
LSA Review May 2021 1. A/E ratios 2. Top position analysis 3. Acquisition costs a. Fractional b. Other updates 4. Cash and receivable situations 5. Estimated months of reserves 0 Board meeting 04/2021
Slide 2: Estimated A/E ratios (as of 31/03/2021)
1. Estimated A/E ratios (as of 31/03/2021) HIV Non-HIV Total Class maturities projection 2021* A/E maturities projection 2021* A/E maturities projection 2021* A/E A $ 1,532,259 $ 8,679,935 71% $ 14,618,725 $ 13,488,179 434% $ 16,150,984 $ 22,168,114 291% B $ 2,853,688 $ 5,722,959 199% $ 2,853,688 $
Slide 3: Top position analysis: Class A
2. Top position analysis Top 3 position in Class A Total Prob. of dying in Impact on NAV Insured Face ($M) face($M) Age Expiration Age Premium Stop Age the next 12 months if matures 1 5.3/1.2 6.5 95 100/120 100/100 22% 6.3% 2 1.8/1.7/1.5 5.0 78 121/100/100 100/100/100 3%* 4.4% 3 4.1 4.1 95 100 100 2
Slide 4: Top position analysis: Class B
Top position analysis Top 3 position in Class B Total Expiration Prob. of dying in Impact on NAV Insured Face ($M) face($M) Age Age Premium Stop Age the next 12 months if matures 1 5 5 95 100 100 21% 20.8% 2 1.5/1/0.3 2.8 89 100/100/100 100/100/100 14% 11.0% 3 2.75 2.75 89 100 100 14% 13.7% Chance o
Slide 5: Fractional Acquisitions
3. a. Fractional Acquisitions • Year Acquisition Price 2018 $ 2,932,414 2019 $ 2,305,534 2020 $ 415,953 2021(until March) $ 156,038 • Three acquisitions have been made in 2021; PD 64 in February and PD65 in March PD 66 in April • Forecast $ 0.6M in the next 12 months 4 Board meeting 04/2021
Slide 6: Other updates
3.b. Other updates - ABC Litigation settled (tbc by Judge). Reduce operational risk going forward - MBC Litigation in full swing. Possible resolution by year end 5 Board meeting 04/2021
Slide 7: Cash and receivable situations
Cash and receivable situations (estimated as of 31/03/2021) In millions A B Cash 5.9 1.7 Maturity receivables 18.4 3.0 Total 24.3 4.7 Adjusted cash and receivable situations (estimated as of 31/03/2021) In millions A B Cash 5.9 1.7 Maturity receivables 18.4 3.0 Fractional acquisition* -0.6 Total 23.
Slide 8: Reserves: Estimated months of reserve
5. Reserves: Estimated cost projections: the next 12 months In millions A B Premium and interest 13.1 3.6 Other costs 5.5 0.7 Total costs 18.6 4.3 Estimated months of reserve (estimated as of 31/03/2021) In months A B Cash reserve* 3 months 5 months Cash and maturities 15 months 13 months reserve *C