Pennymac Financial Services, Inc. · NYSE:PFSI

Pennymac Financial Services — Barclays Global Financial Services Conference 2014

13 slides from Pennymac Financial Services's conference presentation, Sep 9, 2014

  1. Slide 1: Barclays Global Financial Services Conference

    Barclays Global Financial Services Conference September 9, 2014

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, regarding management’s beliefs, estimates, projections and assumptions with respect to, among other things, the Company’s financial r

  3. Slide 3: PennyMac Financial Is a Leading Residential Mortgage Specialist

    PennyMac Financial Is a Leading Residential Mortgage Specialist • Established in 2008 as a new legacy-free mortgage enterprise • Best-in-class operations developed organically; systems were built from the ground up and are highly scalable to support continued growth • Record of numerous successful c

  4. Slide 4: Substantial Opportunity in the U.S. Residential Mortgage Market

    Substantial Opportunity in the U.S. Residential Mortgage Market • Mortgages represent the largest portion of the Outstanding U.S. Consumer Debt(1) U.S. financial services market ($ billions) Non-mortgage debt: – Represents over 75% of outstanding U.S. $892 ■ Auto loans consumer debt $1,262 ■ Student

  5. Slide 5: PFSI Has Developed in a Sustainable Manner for Long-Term Growth

    PFSI Has Developed in a Sustainable Manner for Long-Term Growth • Disciplined growth to address the demands of the 2014 GSEs, Agencies, regulators and our financing partners • Servicing portfolio approaching $100bn – Since inception, PennyMac has focused on building • Loan production of and testing

  6. Slide 6: PFSI's Earnings Continue to Grow and Revenues Continue to Diversify

    PFSI’s Earnings Continue to Grow and Revenues Continue to Diversify Earnings per Share $0.50 (1) $0.45  Earnings growth reflects PFSI’s $0.38 $0.38 continued success in profitably $0.40 $0.32 $0.30 $0.28 expanding market share across our businesses $0.20 – Organic growth through the execution $0.10

  7. Slide 7: Organic Growth in PennyMac Financial's Businesses

    Organic Growth in PennyMac Financial’s Businesses Correspondent Production(1) Loan Servicing(1) Market Share Market Share 7.95% 8% 1.0% 0.95% 6.62% 0.85% 6% 0.8% 0.6% 4% 0.4% 2% 0.2% 0% 0.0% 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 Consumer Direct Pro

  8. Slide 8: Growth Initiatives in PennyMac Financial's Businesses

    Growth Initiatives in PennyMac Financial’s Businesses Correspondent Production Consumer Direct Production  Continuing to add new sellers and deepen  National call center-based platform leverages relationships with existing sellers through relevant technology enabled process efficiencies and servic

  9. Slide 9: Growth Initiatives in PennyMac Financial's Businesses (cont'd)

    Growth Initiatives in PennyMac Financial’s Businesses (cont’d) Loan Servicing Investment Management  Ongoing organic growth in the prime owned and  Opportunities to raise capital for residential subservicing portfolios mortgage-related investments, including newly emerging opportunities, are subst

  10. Slide 10: PennyMac Financial's Strategic Mission

    PennyMac Financial’s Strategic Mission Be the Premier U.S. Mortgage Specialist Firm  Consumer direct and correspondent PennyMac will achieve production leadership distinction in  Loan servicing its core businesses:  Investment management  Return on equity and earnings growth Demonstrated over ti

  11. Slide 11: Appendix

    Appendix Financial Services, Inc.

  12. Slide 12: PennyMac Financial Is in a Unique Position Among Mortgage Specialists

    PennyMac Financial Is in a Unique Position Among Mortgage Specialists Industry-leading platform built organically – not Distinctive expertise and full range of through acquisitions capabilities across mortgage banking and • Not distracted by legacy/regulatory issues investment management • Disciplin

  13. Slide 13: Opportunity for PFSI and PMT in MSR Acquisitions

    Opportunity for PFSI and PMT in MSR Acquisitions Why Are MSR Which MSR Transactions How Do MSRs Come to Market? Sales Occurring? Are Attractive? • Large banks are selling MSRs • Intermittent large bulk portfolio • GSE and Ginnie Mae servicing in due to continuing operational sales ($10+ billion in U

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