Finance Of America Companies Inc. · NYSE:FOA
Finance Of America Companies — Q2 2026 Earnings Presentation
16 slides from Finance Of America Companies's earnings presentation, Aug 4, 2026
Slide 1: Q2 2026 Earnings Presentation
AMERICA’S LEADING REVERSE MORTGAGE PLATFORM Q2 2026 Earnings Presentation UPDATED AUGUST 4, 2026
Slide 2: Disclaimer
Disclaimer 2 Forward-Looking Statements Non-GAAP Financial Measures This presentation contains forward-looking statements within the meaning of the “safe harbor” provisions of The Company’s management evaluates performance of the Company through the use of certain financial the United States of Amer
Slide 3: Today's Speakers
Today’s Speakers 3 Graham Fleming Kristen Sieffert Matt Engel • Chief Executive Officer • President since 2023 • Chief Financial Officer since 2023 _ since 2023 • 12+ years with FOA • 14+ years with FOA • 2+ years with FOA • 25+ years in mortgage • 20+ years in reverse • 35+ years in financial lendi
Slide 4: Investment Highlights
4 • #1 reverse mortgage platform with ~33% market share1 • Proprietary products expanding market and accelerating adoption Investment • $14.9T home equity opportunity driven by aging demographics2 Highlights • Operational inflection driving revenue and earnings growth • Deleveraging strategy buildin
Slide 5: Second Quarter and Year-To-Date 2026 Highlights
5 Second Quarter and Year-To-Date 2026 Highlights FINANCIAL RETIREMENT SOLUTIONS PORTFOLIO MANAGEMENT CAPITAL & LIQUIDITY • 1H 2026 GAAP Net Income: • 2Q Funded volume: • Completed >$1B June • Q2 2026: $58M in cash $6M ($0.41/share) $730M (+21% YoY) securitization with strong from originations and d
Slide 6: $14.9 Trillion Large Addressable Market Driving Long-Term Growth
6 Large Addressable Market Driving Long-Term Growth Use Cases • Reduce monthly housing costs $14.9 Trillion • Access liquidity without selling home Home equity held by seniors1 • Fund retirement, healthcare, home improvements and legacy planning Market Tailwinds • Seniors growing twice as fast as ov
Slide 7: Seniors Will Need Access to Their Housing Wealth
7 Seniors Will Need Access to Their Housing Wealth 11,400 PEOPLE PER DAY FROM 2024 TURN 65 IN U.S. - 2026 1 ($4.0T) ESTIMATED RETIREMENT SAVINGS SHORTFALL FOR SENIORS IN U.S. 2 3 in 5 ARE NOT ON TRACK TO MEET THEIR RETIREMENT SPENDING NEEDS 3 Retirement Gap. Retirees believe they need ~$825k to reti
Slide 8: Operational Improvements Driving Higher Production
8 Operational Improvements Driving Higher Production 19% increase YoY Submission Volume ($ millions) 1,023 887 918 858 882 768 • Submission volume exceeded $1B for first time since 2022, reflecting continued demand growth Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 • Improved conversion drove 21
Slide 9: Retail Demand, Conversion, & Productivity Continue to Improve
9 Retail Demand, Conversion, & Productivity Continue to Improve Total Opportunity Total Submission Total Funded Loan Count Count Count +9% +19% +33% INCREASE INCREASE INCREASE 13,023 1,972 1,268 11,992 1,662 955 Q1 2026 Q2 2026 Q1 2026 Q2 2026 Q1 2026 Q2 2026 ACCELERATING OPERATING LEVERAGE: MORE PR
Slide 10: A More Valuable and Scalable Origination Platform
10 A More Valuable and Scalable Origination Platform One platform. Two complementar y channels. Multiple paths to profitable grow th. RETAIL WHOLESALE Direct relationships and Trusted partners and customer insight scalable distribution Direct engagement with homeowners Established national broker ne
Slide 11: Financial Summary
11 Financial Summary % Change ($ Millions, except per share metrics) 1 Q2 2026 Q2 2025 YTD 2026 YTD 2025 Q2 v Q2 YTD v YTD ADJUSTED NET INCOME Retirement Solutions 15 15 29 24 0% 21% Portfolio Management 18 16 46 37 13% 24% Corporate & Other (13) (17) (30) (34) 24% 12% ADJUSTED NET INCOME2 19 14 45
Slide 12: Cash Generation Remains Strong
12 Cash Generation Remains Strong $58 • Cash and cash equivalents decreased by only $22 million despite the all- cash acquisition of the Onity HECM $15 servicing portfolio, totaling $65 million during the second quarter • Cashflows from Originations and $108 Capital Markets Activities totaled $58 mi
Slide 13: 2026 Full Year Outlook
13 2026 Full Year Outlook • Growing demand and improving productivity in Retirement Solutions • Portfolio Management expected to contribute stable yield on growing portfolio • Internal capital generation supports deleveraging strategy • Reaffirming full year guidance for 2026 Current Guidance Origin
Slide 14: Let's Unlock America's Greatest Retirement Asset
Let’s Unlock America’s Greatest Retirement Asset For more information, visit us online: IR.FinanceOfAmericaCompanies.com Or email us at: IR@FinanceOfAmerica.com
Slide 15: Non-GAAP Reconciliation
15 Non-GAAP Reconciliation ($ Millions) 1 Q2 2026 Q2 2025 YTD 2026 YTD 2025 Adjusted Net Income Reconciliation Net income (loss) (29) 80 6 160 Add back: (Provision) benefit for income taxes 42 (2) 41 (4) Pre-tax income (loss) (71) 82 (35) 164 Changes in fair value2 84 (76) 69 (151) Amortization of i
Slide 16: Non-GAAP Reconciliation
16 Non-GAAP Reconciliation ($ Millions except per share metrics) 1 Q2 2026 Q2 2025 YTD 2026 YTD 2025 GAAP Book Value Per Common Share Total Equity 407 473 407 473 Less: Preferred Stcok 50 — 50 — Less: Noncontrolling interest 60 148 60 148 Total Equity attributable to common stock 297 325 297 325 Cla
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