Ally Financial Inc. · NYSE:ALLY
Ally Financial — Shareholder Meeting (April 2011)
16 slides from Ally Financial's shareholder meeting presentation, Apr 26, 2011
Slide 1: Ally Financial Inc. Annual Shareholders' Meeting
Ally Financial Inc. Annual Shareholders’ Meeting April 27, 2011 Contact Ally Investor Relations at (866) 710-4623 or investor.relations@ally.com
Slide 2: Forward-Looking Statements and Additional Information
Forward-Looking Statements and Additional Information The following should be read in conjunction with the financial statements, notes and other information contained in the Company’s 2010 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. In the presentatio
Slide 3: 2010 Achievements
Meeting Re-established as the premier auto finance provider #1 U.S. auto lender with 72% year-over-year growth in consumer originations Diversified business mix as a market driven competitor Successfully implemented Ally Dealer Rewards cross-product sales strategy $36 billion of new secured and unse
Slide 4: Full Year 2010 Financial Results
Full Year 2010 Financial Results (1) Core pre-tax income is a non-GAAP measure and is defined as income from continuing operations before taxes and bond exchange original issue discount ("OID") amortization expense • Ally earned core pre-tax income(1) of $2.5 billion and net income of $1.1 billion i
Slide 5: Results by Segment
($ millions) FY 2010 FY 2009 Inc/(Dec) North American Automotive Finance 2,344 $ 1,624 $ 720 $ International Automotive Finance 228 (157) 385 Insurance 569 329 240 Global Automotive Services 3,141 $ 1,796 $ 1,345 $ Mortgage Origination and Servicing 917 39 878 Legacy Portfolio and Other (1) (254) (6
Slide 6: Premier Auto Finance Franchise
Premier Auto Finance Franchise • Stable, low loss, secured credit exposure • Positioned to grow with economic recovery • Auto manufacturers and dealers have emerged from crisis much healthier and more stable Uniquely positioned in an attractive market… …with leading competitive advantages • Combinat
Slide 7: Pre-Tax Income from Continuing Operations
7 2011 Ally Annual Shareholders’ Meeting Pre-Tax Income from Continuing Operations ($ millions) Trick ($500) $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 2006 2007 2008 2009 2010 North American International Insurance Global Automotive Services $2,798 $279 $1,796 $3,141 Note: 2005 - 2007 income
Slide 8: Global Auto Finance: Consumer Delinquency Trends
8 2011 Ally Annual Shareholders’ Meeting Global Auto Finance: Consumer Delinquency Trends • Delinquency trends improved significantly in 2010 – Positive trends driven by improved collection processes and higher quality of newer vintages • Nuvell portfolio continues strong performance improvement – P
Slide 9: Global Auto Finance: Consumer Loss Trends
9 2011 Ally Annual Shareholders’ Meeting Global Annualized Credit Losses - Managed Retail Contract Amount ($ millions) (1) 3Q and 4Q 2009 elevated due to change in charge-off policy 3.29% 3.57% 2.04% 1.05% 1.20% 0.88% 0.62% 0.85% 0.77% 1.30% 2.48% 2.39% $0 $100 $200 $300 $400 $500 3Q 09 4Q 09 1Q 10
Slide 10: Mortgage Operations Pre-Tax Income
10 2011 Ally Annual Shareholders’ Meeting Pre-Tax Income from Continuing Operations ($ millions) Note: 2005-2007 results were not adjusted to reflect current segment split ($7,500) ($5,000) ($2,500) $0 $2,500 2005 2006 2007 2008 2009 2010 Mortgage Operations • Ally is the 4th largest originator and
Slide 11: Mortgage Business Transformation
11 2011 Ally Annual Shareholders’ Meeting Mortgage Business Transformation • Sold European mortgage operations, representing $11 billion of assets • Sold $2.5 billion of legacy loans in 2010 • Sold $1.0 billion legacy Resort Finance portfolio • Reduced mortgage assets to $37 billion from $147 billio
Slide 12: Ally Bank Franchise Strategy
12 2011 Ally Annual Shareholders’ Meeting Ally Bank Franchise Strategy Brand and Marketing Strategy • Do Right – Advocate, strive for customer satisfaction • Be Obviously Better – Intelligent experience, win-win, be a challenger • Operate in a safe and sound manner at all times Differentiate the Cus
Slide 13: Ally Financial Deposit Levels
13 2011 Ally Annual Shareholders’ Meeting Ally Financial Deposit Levels ($ billions) $31.8 $32.9 $35.2 $38.0 $39.0 $0.0 $10.0 $20.0 $30.0 $40.0 4Q 09 1Q 10 2Q 10 3Q 10 4Q 10 Ally Bank Retail Ally Bank Brokered ResMor Other Average CD Maturity and Rate (months) Trick 11.3 12.8 24.2 25.5 26.8 27.7 2.5
Slide 14: Liquidity
14 2011 Ally Annual Shareholders’ Meeting Liquidity Unsecured ABS Credit Facilities Issued over $8 billion of unsecured debt in 2010 Maintaining robust liquidity in light of upcoming maturities Refinancing flexibility with manageable issuance to address 2012 maturities Raised over $9 billion in the
Slide 15: Capital Ratios
15 2011 Ally Annual Shareholders’ Meeting Capital Ratios • Ally’s capital structure now in line with investment grade banks – Improvement in Tier 1 Common Capital primarily driven by U.S. Treasury conversion of MCP into common equity – Tier 1 and Total Capital ratios up as change in balance sheet mi
Slide 16: Summary
16 2011 Ally Annual Shareholders’ Meeting Summary • Achieved all strategic objectives targeted for 2010 • Profitable in each quarter of 2010, including Ally Bank and ResCap • Reestablished Ally as preeminent auto finance company • Meaningful diminution of legacy mortgage risk with asset sales and re