Pennymac Mortgage Investment Trust · NYSE:PMT
Pennymac Mortgage Investment Trust — Investor Presentation (March 2019)
12 slides from Pennymac Mortgage Investment Trust's investor presentation, Mar 4, 2019
Slide 1: PennyMac Mortgage Investment Trust March 2019 Investor Presentation
PennyMac Mortgage Investment Trust March 2019 Investor Presentation Exhibit 99.1
Slide 2: Forward-Looking Statements
Forward-Looking Statements March 2019 Investor Presentation 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
Slide 3: PMT Is a Mortgage REIT with Unique Investment Strategies
PMT Is a Mortgage REIT with Unique Investment Strategies Investment focus on U.S. residential mortgage loans and mortgage-related assets Capabilities to organically create attractive investments resulting from PMT’s loan production Portfolio transitioned from distressed loans to unique investments i
Slide 4: Track Record of Stable Dividends and Book Value
(1) At period end (2) Return on average common equity is calculated based on annualized quarterly net income attributable to common shareholders as a percentage of monthly average common equity during the period Track Record of Stable Dividends and Book Value Repurchased 14.7 million common shares a
Slide 5: PMT's Business Model Is Unique Among Mortgage REITs
PMT’s Business Model Is Unique Among Mortgage REITs Synergistic Partnership with PFSI Access to specialized mortgage capabilities, including origination and servicing operations PFSI has expertise across all mortgage functions with over 3,000 employees led by a highly experienced management team Ena
Slide 6: PMT's Mortgage Assets
PMT’s Mortgage Assets(1) (1) As of December 31, 2018, except for $605 million included in Credit Risk Transfer above presented on a pro forma basis reflecting the settlement of firm commitments to purchase CRT securities (2) Includes results of the Corporate segment and the tax benefit (provision) i
Slide 7: PMT Is a Leading Producer of Conventional Conforming Mortgages
PMT Is a Leading Producer of Conventional Conforming Mortgages 7 PMT’s Conventional Correspondent Production ($ in billions) Correspondent Production Market Share(1) In 4Q18, we were the fourth largest producer of conventional conforming mortgages in the U.S.(1) (1) Source: Inside Mortgage Finance A
Slide 8: GSE CRT Investments Growing and Credit Performance Remains Strong
GSE CRT Investments Growing and Credit Performance Remains Strong CRT investments totaled $1.9 billion at December 31, 2018 Outstanding UPB of mortgage loans subject to CRT investments totaled $46.3 billion at December 31, 2018 Beginning in June 2018, we launched our new CRT REMIC structure, which a
Slide 9: MSR investments increased to $1.2 billion driven by strong production activity
MSR investments increased to $1.2 billion driven by strong production activity PMT’s MSR portfolio increased to $92.4 billion in UPB, up from $42.3 billion at December 31, 2015 Strong alignment of interests by owning both the servicing and credit risk on PMT’s mortgage production MSR Investments and
Slide 10: PMT's Strategies for Long-Term Growth
PMT’s Strategies for Long-Term Growth Focused on core strategies of organic investments in CRT and MSRs Position as leading producer of conventional conforming loans drives organic investment growth Expect to deploy approximately $600 million in equity in MSRs & CRT during 2019 Capital deployment in
Slide 11: Run-Rate Return Potential from PMT's Investment Strategies
Run-Rate Return Potential from PMT's Investment Strategies Note: This slide presents estimates for illustrative purposes only, using PMT’s base case assumptions (e.g., for credit performance, prepayment speeds, financing economics) and does not contemplate significant changes or shocks to current ma
Slide 12: PennyMac Investor Relations
March 2019 Investor Presentation PennyMac Investor Relations www.pennymacmortgageinvestmenttrust.com Phone: (818) 224-7028 Email: investorrelations@pnmac.com
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