Finance Of America Companies Inc. · NYSE:FOA

Finance Of America Companies — Q3 2024 Earnings Presentation

14 slides from Finance Of America Companies's earnings presentation, Nov 6, 2024

  1. Slide 1: Finance of America Companies

    © 2024 Finance of America Companies

  2. Slide 2: Disclaimer: Forward-Looking Statements

    Disclaimer 2 Forward-Looking Statements This release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts or statements of current conditions, but ins

  3. Slide 3: Section 1: The Finance of America Investment Thesis

    SECTION 1 The Finance of America Investment Thesis Our Great Ambition pase 4 Investment Thesis paces - COMPANIES -

  4. Slide 4: Senior home equity and retirement savings gap sources

    4 Source 1) https://www.nrmlaonline.org/about/press-releases/senior-home- equity-hits-14-trillion-in-q2 Source 2 ) deloitte.com/us/en/insights/industry/financial-services/closing- retirement-savings-gap.html

  5. Slide 5: Investment thesis

    5 Source 1) https://www.nrmlaonline.org/about/press-releases/senior-home-equity-hits-14-trillion-in-q2

  6. Slide 6: Q3 Supplement

    Q3 Supplement Third Quarter Highlights pase 7 Positive Momentum paces Income Statement Trend pase 9 Income Statement Year to Date Trend pase io Recent Developments pace 11 FINANCE of AMERICA - COMPANIES -

  7. Slide 7: Third Quarter Highlights

    Q3 SUPPLEMENT Third Quarter Highlights Graham Fleming, CEO Finance of America has achieved positive financial performance, with a net income of $204 million and Adjusted EBITDA of $32 million. Q3 volumes reached $513 million, surpassing expectations Key strategic moves included a reverse stock split

  8. Slide 8: Positive Momentum

    8 • • • *Non-GAAP Financial Measure; see “Non-GAAP Reconciliation” on Slide 13

  9. Slide 9: Income Statement Trend

    Q3 SUPPLEMENT Income Statement Trend ($ Millions) PORTFOLIO INTEREST INCOME For the three months ended June 30, 2024 For the three months ended Sept 30, 2024 Interest income 478 490 Interest expense (413) (427) NET PORTFOLIO INTEREST INCOME 65 —_ 63 OTHER INCOME (EXPENSE) Net origination gains 40 ——

  10. Slide 10: Income Statement Year to Date Trend

    Q3 SUPPLEMENT FINANCE of AMERICA Income Statement Year to Date Trend FA “EO MPANTES ($ Millions) ee ees Net Portfolio Interest Income PORTFOLIO INTEREST INCOME is stable year over year as rerest income coo ausy increased interest income is interest expense , . . NET PORTFOLIO INTEREST INCOME 199 —_

  11. Slide 11: Recent Developments

    Q3 SUPPLEMENT Recent Developments FINANCE of AMERICA -COMPANIES-— Benefit Description earings TUBIENSY —Unuitty amie, Accesso v v vy v Draft Terms of HMBS 2.0 Vv Y v Announced in June and effective in July to regain compliance with NYSE continued listing standards Ensures continued access to public

  12. Slide 12: Appendix

    APPENDIX FINANCE of AMERICA - COMPANIES -

  13. Slide 13: Non-GAAP Reconciliation

    Non-GAAP Reconciliation All values in $ Millions Q3 2023 @4 2023 Q1 2024 Q2 2024 Q3 2024 Pre-tax income (loss) ($173) $172 ($16) ($4) $208 Adjustments for: Changes in fair value 120 (221) (9) (8) 198) Amortization and impairment of goodwill and intangible 9 7 10 9 9 assets(2) Share-based compensatio

  14. Slide 14: Let's Unlock America's Greatest Retirement Asset

    Let’s Unlock America’s Greatest Retirement Asset Co For more information visit us online: IR.FinanceOfAmericaCompanies.com f 1 Or email us at: Y IR@FinanceOfAmerica.com

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