Velocity Financial, Inc. · NYSE:VEL
Velocity Financial — Q4 2021 Earnings Presentation
10 slides from Velocity Financial's earnings presentation, Jan 21, 2022
Slide 1: Financial and Operational Update
Financial and Operational Update January 2022
Slide 2: Notice
Notice Some of the statements contained in this presentation may constitute forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, projections, plans and strategies, anticipated events or trends, and similar expressions concer
Slide 3: Business Highlights
Business Highlights Established Franchise with Strong Brand Recognition Substantial, Durable Market Opportunity Customized Technology and Proprietary Data Analytics High Quality Portfolio with Attractive Risk-Adjusted Returns Supported by a Rigorous Underwriting Process and a Strong Track Record in
Slide 4: Estimates for the Quarter Ended December 31, 2021
Estimates for the Quarter Ended December 31, 2021 Total Loans Originated and Acquired (2) Total Loan Portfolio (UPB) (3) ($ in Millions) $498 ($ in Millions) $2,500 $2,271 $1,991 $2,062 $341 $258 $233 Q1'21 Q2'21 Q3'21 Q4'21 Q1'21 Q2'21 Q3'21 Q4'21 GAAP Net Income and Core Net Income* (4) Total Stoc
Slide 5: 4Q21 Financial and Operational Update
4Q21 Financial and Operational Update(1) ▪ Loan production volume is expected to be approximately $497.8 million in unpaid principal balance ( UPB), the largest volume of originations in a single quarter and a 46% increase from the prior quarter.(2) ▪ Total loans held for investment are expected to
Slide 6: 4Q21 Financial and Operational Update (continued)
4Q21 Financial and Operational Update (continued)(1) ▪ Acquired a majority stake in Century Health & Housing Capital (“Century”) for $12.8 million in cash. Century is a licensed “Ginnie Mae” issuer/servicer that provides government-insured Federal Housing Administration (FHA) mortgage financing for
Slide 7: Acquisition of Century Health & Housing Capital
Acquisition of Century Health & Housing Capital On December 28, 2021, We Acquired a Majority Ownership Stake in Century Health & Housing Capital Business Overview Transaction Highlights ▪ Founded in 1992, Century provides government-insured (1) ✓ Expands growth opportunities via new products for mor
Slide 8: Appendix
Appendix
Slide 9: Notes
Notes Financial and Operational Update for the Quarter Ended December 31, 2021 (1) The foregoing estimated amount of loans originated and estimated range of net income, net income per diluted share, non -GAAP core net income and non-GAAP core net income per diluted share for the quarter ended Decemb
Slide 10: Velocity Investors and Media
Velocity Investors and Media: Chris Oltmann (818) 532-3708 coltmann@velfinance.com Confidential 10