Altisource Portfolio Solutions S.a. · NASDAQ:ASPS
Altisource Portfolio Solutions — Investor Presentation (February 2012)
18 slides from Altisource Portfolio Solutions's investor presentation, Feb 28, 2012
Slide 1: Altisource Today February 2012
Altisource Today February 2012
Slide 2: Forward-looking Statements
This presentation contains forward-looking statements. These statements may be identified by words such as "expect," "should," "could," "shall," and similar expressions. We caution that forward-looking statements are qualified to certain risks and uncertainties, that could cause actual results and e
Slide 3: Altisource - Overview
Altisource - Overview Altisource(tm) (NASDAQ:ASPS) is a global provider of solutions principally related to real estate and mortgage portfolio management, asset recovery and customer relationship management. William C. Erbey, Chairman William C. Erbey, Chairman William B. Shepro, Chief Executive Off
Slide 4: Key Takeaways
Key Takeaways Strong revenue growth visibility Operating margin expansion Attractive growth opportunities Strong cash generation
Slide 5: Strong Revenue Growth Visibility
Strong Revenue Growth Visibility Long-term (8 year) service agreements with Ocwen(r) Long runway for elevated default and REO oriented service referrals Ocwen's track record of growing servicing business over an extended period of time Litton portfolio acquisition completed in September 2011 Signed
Slide 6: Operating Margin Expansion
Operating Margin Expansion Enabling operating margin improvement over full year 2011: Accelerated Service Revenue growth of Mortgage Services, relative to the other segments Reduced employee and vendor costs through deployment of next generation vendor management and business process management tech
Slide 7: Attractive Growth Opportunities
Attractive Growth Opportunities Build Foundation Consistent, high-quality delivery leading to enhanced customer satisfaction Sustainable long-term growth leading to shareholder value creation People Technology Infrastructure- Support Functions Finance / Human Resources / Law / Quality Assurance / Ve
Slide 8: Attractive Growth Opportunities
Attractive Growth Opportunities The market verticals we operate in present significant opportunity for long-term growth. We believe success is a function of selective deployment of resources in a focused manner and execution.
Slide 9: Strong Cash Generation
Strong Cash Generation 2011 Deployment of Cash Share repurchases Have repurchased over 2.3 million shares since start of program through December 2011 Approximately 1.5 shares remaining under existing program Investment in Correspondent One - $15 million Capital Expenditures - $16.4 million Current
Slide 10: Key Takeaways
Key Takeaways Strong revenue growth visibility Operating margin expansion Attractive growth opportunities Strong cash generation
Slide 11: Investor Relations Information
Investor Relations Information Exchange NASDAQ Global Select Ticker ASPS Headquarters Luxembourg Employees More than 6,400
Slide 12: Appendices
Appendices What We Do (slides 13 - 15) Service Revenue per Loan (slides 16 - 17) Stock Repurchase Program (slide 18)
Slide 13: What We Do - Mortgage and Real Estate Management
What We Do - Mortgage and Real Estate Management ORIGINATION ^Valuation ^Property Preservation and Inspection ^ Mortgage Component Services DEFAULT MANAGEMENT ^Valuation ^Property Preservation and Inspection ^Real Estate Brokerage ^Title Insurance ^Settlement Services ASSET MANAGEMENT ^Valuation ^Pr
Slide 14: What We Do - Customer Relationship & Receivable Management
What We Do - Customer Relationship & Receivable Management Altisource's subsidiary, Nationwide Credit(r), leverages a combination of behavioral sciences and a proprietary dialogue engine to help clients streamline processes, grow their customer base and improve their margins Customer Relationship Ma
Slide 15: Technology Platform
Technology Platform Vendor Management Vendor Registration Vendor Bidding Workload Management Performance Scorecard Business Process Management Approvals and Escalations Business Rules Process Simulation Task Management SLA Management Workflow Payment Management Invoice Presentment, Reconciliation, P
Slide 16: Service Revenue per Loan per Quarter
Service Revenue per Loan per Quarter Notes: Service Revenue per loan is measured for the quarter Average loans serviced for Q4'11 is provisional and subject to change Revenue from Ocwen is derived through a variety of services with different revenue recognition practices. Factors that impact revenue
Slide 17: Service Revenue per Loan per Quarter
Service Revenue per Loan per Quarter Q1'10 Q2'10 Q3'10 Q4'10 Q1'11 Q2'11 Q3'11 Q4'11 Mortgage Services Revenue from Related Parties ($ 000s) 24,762 31,222 34,765 44,906 45,286 49,411 58,370 70,117 Less: Reimbursable Revenue Included Above 7,897 10,371 12,565 13,733 15,068 18,689 21,464 24,786 Servic
Slide 18: Stock Repurchase Program
Stock Repurchase Program * Includes share grants and forfeitures since August 19, 2009 through December 2010. 75% of stock option grants are market based options that vest only if the stock price realizes a compounded annual gain of at least 20% (ordinary) or 25% (extraordinary) over the exercise pr
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