Two Harbors Investment Corp · NYSE:TWO
Two Harbors Investment — Q3 2010 Earnings Presentation
11 slides from Two Harbors Investment's earnings presentation, Nov 8, 2010
Slide 1: Two Harbors Investment Corp. 2010 Third Quarter Earnings Call
Two Harbors Tnvestment Corp. 2010 Third Quarter Harnings Call
Slide 2: Safe Harbor Statement
Safe Harbor Statement Forward-Looking Statements ‘This presentation inldes“forvand ooking statement” within the meaning of these harbor poison ofthe United States ‘Reform Act of 1998 ub th aa otf tnt, Wnt ‘ 7 : ieee Smeets : la expected to be temporary, changes n interest rte, the mpact of new lepto
Slide 3: Third Quarter 2010 Highlights
Third Quarter 2010 Highlights Achieved total Comprehensive Income of $24.1 million, or $0.92 per diluted weighted share, reflecting strong yields and portfolio appreciation, * Reported Adjusted GAAP Earnings! of $0.39 per share, representing a 17.3% retum on average equity on an annualized basis. =
Slide 4: Operating Performance
Operating Performance
Slide 5: Operating Performance Metrics
Operating Performance Metrics ning tiie Whee Se Oreuenng Ghana Giang Ghanl) Ghai QhYTDQh¥TD Gon Baring! a ee ee ee NAP Net tcae sus oe $s OHS HS OD ‘stl GAAP Easing? ss om $ mes os mrs Le Compredenne osm soos ows sms om so SS sumo Average Egy (een (Gor Earn erm on ergs we ers
Slide 6: Balance Sheet Summary
Balance Sheet Summary Datince Sheet Jane 30,2019 September 39,200 wc Arai one i,t fe sma unse Toul Ase 1202 Unbities and Sokol iy esate a ae Osis “Tua Labs and Stocker? Equi Leer RMI soy Ag dese!
Slide 7: Change in Stockholders' Equity
Change in Stockholders’ Equity 22019 Book 32010 Book ‘Chang in Scholes Euiy Q22019 ValeperShare ——Q}IHIO Value per Share Book Value (tesa Book Vale (ied basi eng cen’ ty + me soe $m aw et peal fom common kane iy oy GAAP Net oie raed mat re i de tf en eo 0 (er Compcert of 07, 003) ua ast Den on ao, 0
Slide 8: RMBS Portfolio Composition
RMBS Portfolio Composition Q3-2010 Port Asaf une 0,200 Asaf Sepember 2010 SSM RBS Porto SOOM RMB Porton —_ = nc Oa Dp omy oan enn am 15% 16% OpBn ARAL 3% Bee 2 Sakae et
Slide 9: Portfolio Metrics
Portfolio Metrics Aer ont Saag? evita ee ee es cme ee ee ee gency RMBS Polio Mewics 22010 3.2010 Ag RMBS CPR — oon Wephd merge tins $1087 S041 NowAgeny —Weiedaveyg Smo CPR 129% 119M eg merge ct bane $512
Slide 10: RMBS Portfolio Yields
RMBS Portfolio Yields RMBS Annualized Yields by Portfolio = = Agri MBS Veh — Agrepae RMS Vil wos" Net Interest Spread a Cet an a Gor ig! Sep Interest Rae pea § Seehoearontte,
Slide 11: Financing
Financing Repurchase Agreements: RMBS and Agency Derivatives Amount ($M) Within 30 days $263 3010 539 days a 60 w 89 days ne 90 0 119 days 8 Over 120 dys 205 Toul 77 ‘Financing Highlights: Marts ove 0 days represented 26% of roral RMBS borings ‘Vell Fano ty represented $50 milion oF total RMIBS hort
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