Altisource Portfolio Solutions S.a. · NASDAQ:ASPS
Altisource Portfolio Solutions — Cantor PropTech Conference 2022
23 slides from Altisource Portfolio Solutions's conference presentation, Jun 22, 2022
Slide 1: Form 8-K Current Report
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 22, 2022 ALTISOURCE PORTFOLIO SOLUTIONS S.A. (Exact name of Registrant as spec
Slide 2: Item 7.01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. Altisource Portfolio Solutions S.A. (the “Company”) is attending the Cantor PropTech Conference on June 23, 2022. In connection with meetings taking place at this conference and in subsequent meetings with analysts, investors, and others, the Company will be using
Slide 3: Signature
SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: June 22, 2022 Altisource Portfolio Solutions S.A. By: /s/ Michelle D. Esterman Name: Michelle D. Est
Slide 4: Altisource
ALTISOURCE INVESTOR PRESENTATION JUNE 2022
Slide 5: Altisource Overview
ALTISOURCE OVERVIEW This presentation contains forward-looking statements that involve a number of risks pandemic, customer concentration, the timing of the anticipated increase in default and uncertainties. These forward-looking statements include all statements that are related referrals following
Slide 6: Non-GAAP Measures
NON-GAAP MEASURES Adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted It is management’s intent to provide non-GAAP financial information to enhance the EBITDA”), Adjusted EBITDA and Adjusted EBITDA margin by reportable segment, which understanding of Altisource’s GAAP
Slide 7: About Altisource
ABOUT ALTISOURCE KEY BUSINESS HIGHLIGHTS KEY FACTS LUXEMBOURG UNITED STATES Comprehensive suite of solutions Headquarters INDIA URUGUAY Strong and growing customer base 1,824 Employees1 $156 mm Compelling growth catalysts LTM 3/31/2022 Service Revenue2 From Core Businesses3 $196 mm $363 mm Market Ca
Slide 8: © 2022 Altisource All Rights Reserved.
© 2022 Altisource All Rights Reserved. 5
Slide 9: Altisource Platform
ALTISOURCE PLATFORM LEND Suite of solutions for small and mid-sized residential loan originators BUY SERVICE / Marketplace to MANAGE buy homes Suite of solutions for residential loan servicers and real estate investors SELL Marketplace to sell homes © 2022 Altisource All Rights Reserved. 6
Slide 10: Comprehensive Suite of Solutions: Servicer and Real Estate
COMPREHENSIVE SUITE OF SOLUTIONS S E R V I C E R A N D R E A L E S TAT E S E G M E N T Loan servicers: providing a suite of solutions that support the default servicing of loans and management and disposition of homes Workflow and Invoicing Solutions Pre-Foreclosure Pre-Foreclosure Foreclosure Manag
Slide 11: Comprehensive Suite of Solutions: Origination
COMPREHENSIVE SUITE OF SOLUTIONS O R I G I N AT I O N S E G M E N T Mortgage Originators: providing a suite of solutions to help loan originators (primarily Lenders One members) better compete Vendor Marketplace and Automation Platform Loan Manufacturing Capital Markets and Business Operations Engag
Slide 12: Strong and Growing Customer Base
STRONG AND GROWING CUSTOMER BASE Strong Servicer and Real Estate segment Origination segment Customer Base Primarily bank and non-bank loan Primarily the ~240 members2 of Lenders One, servicers, including 9 of the top 20 loan which collectively represent approximately 15% servicers and a GSE1 of the
Slide 13: Compelling Growth Catalysts
COMPELLING GROWTH CATALYSTS SERVICER AND REAL ESTATE SEGMENT ORIGINATION SEGMENT Tailwinds from the Increasing demand for our solutions that help restart of the residential reduce costs in a lower origination and default market tightening margin environment Countercyclical business that generally be
Slide 14: Compelling Growth Catalysts: Restart of Residential Default Market
COMPELLING GROWTH CATALYSTS S E R V I C E R A N D R E A L E S TAT E S E G M E N T Tailwinds from the restart of the residential default market Foreclosure Initiations1 and Mortgage Delinquencies2 Shaded area represents period of 160k borrower relief measures 3.0% • Foreclosure moratoriums and tempor
Slide 15: Compelling Growth Catalysts: Single-Family Rental Opportunity
COMPELLING GROWTH CATALYSTS S E R V I C E R A N D R E A L E S TAT E S E G M E N T Large whitespace opportunity to deploy the established solutions purchased by servicers to the growing single-family rental market Single-family - renter occupied Single-family - owner occupied Multi-family Large marke
Slide 16: Compelling Growth Catalysts: Origination Cost Reduction Demand
COMPELLING GROWTH CATALYSTS O R I G I N AT I O N S E G M E N T Increasing demand for solutions that help reduce costs in a lower origination and tightening margin environment Mortgage Origination and Interest Rates1 Shaded area represent forecasted period $1,400 6.0% • Residential loan originators a
Slide 17: Compelling Growth Catalysts: Network Effect
COMPELLING GROWTH CATALYSTS O R I G I N AT I O N S E G M E N T Tremendous compounding growth opportunity fueled by a strong network effect Improve Member Profitability Strong Network Effect within the Increases product adoption and attracts more members Lenders One Business Model Lenders One has a u
Slide 18: Path to Positive Cash Flow
PATH TO POSITIVE CASH FLOW Improving operating environment and sales wins, on a lower cost base, provides a path to positive cash flow Leveraging lower cost base as revenue grows • Reduced Q1’22 cash operating costs (excluding outside fees and services) by $13.6 million, representing a 31% savings f
Slide 19: Appendix
APPENDIX
Slide 20: Service Offerings: Servicer and Real Estate Segment
SERVICE OFFERINGS S E R V I C E R A N D R E A L E S TAT E S E G M E N T Key business segments Description MARKETPLACE Hubzu® Online Real Estate Marketing platform, Real Estate Brokerage and Asset Management Real Estate Marketplace SOLUTIONS Property Preservation and Inspection Title and Escrow Valua
Slide 21: Service Offerings: Origination Segment
SERVICE OFFERINGS O R I G I N AT I O N S E G M E N T Key business segments Description LENDERS ONE® • Management Services to the Lenders One Cooperative • Loan Manufacturing, Capital Markets and Business Operations, and Engagement and Data SOLUTIONS Mortgage Loan Fulfillment Title and Escrow Valuati
Slide 22: Non-GAAP Measures
NON-GAAP MEASURES Adjusted EBITDA and Adjusted EBITDA margin by reportable segment are non-GAAP measures used by management, existing shareholders, potential shareholders and other users of our financial information to measure Altisource and its reportable segments’ performance and do not purport to
Slide 23: Non-GAAP Measures: Q1 2022 Reconciliation
NON-GAAP MEASURES Three Months Ended March 31, 2022 Reconciliation Servicer and Corporate Consolidated ($ in millions) Real Estate Origination and Others Altisource Income (loss) before income taxes and non-controlling interests 5.7 (0.4) (16.4) (11.1) Less: Non-controlling interests - (0.2) - (0.2)
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