Altisource Portfolio Solutions S.a. · NASDAQ:ASPS
Altisource Portfolio Solutions — Investor Presentation (June 2022)
20 slides from Altisource Portfolio Solutions's investor presentation, Jun 22, 2022
Slide 1: Investor Presentation June 2022
I N V E S T O R P R E S E N T A T I O N ALTISOURCE J U N E 2 0 2 2
Slide 2: Altisource Overview: Forward-Looking Statements
© 2022 Altisource All Rights Reserved. ALTISOURCE OVERVIEW 2 This presentation contains forward-looking statements that involve a number of risks and uncertainties. These forward-looking statements include all statements that are not historical fact, including statements that relate to, among other
Slide 3: Non-GAAP Measures
© 2022 Altisource All Rights Reserved. NON-GAAP MEASURES 3 Adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”), Adjusted EBITDA and Adjusted EBITDA margin by reportable segment, which are presented elsewhere in this presentation, are non-GAAP measures used by
Slide 4: About Altisource
© 2022 Altisource All Rights Reserved. ABOUT ALTISOURCE 4 1 Comprehensive suite of solutions 1 Full time employees, excluding contractors, as of June 15, 2022 2 Service revenue presented herein excludes reimbursable expenses, non-controlling interests and revenue from businesses we have sold or exit
Slide 5: Our Vision
© 2022 Altisource All Rights Reserved. 5 O U R V I S I O N Drive innovation that powers the mortgage and real estate lifecycles
Slide 6: Altisource Platform
© 2022 Altisource All Rights Reserved. BUY Marketplace to buy homes SERVICE / MANAGE Suite of solutions for residential loan servicers and real estate investors SELL Marketplace to sell homes LEND Suite of solutions for small and mid-sized residential loan originators ALTISOURCE PLATFORM 6 Comprehen
Slide 7: Comprehensive Suite of Solutions: Servicer and Real Estate Segment
© 2022 Altisource All Rights Reserved. Online Marketing Platform Real Estate Marketplace Brokerage Valuation Products Title and Escrow Construction Risk Management Property Inspection and Preservation Valuation Products Real Estate Marketplace Brokerage Automated Valuation Model and Analytics Title
Slide 8: Comprehensive Suite of Solutions: Origination Segment
© 2022 Altisource All Rights Reserved. Membership Events Market Intelligence and Benchmarking Vendor Management SaaS Loan Manufacturing Insurance Capital Markets Solutions Suite of Third-Party Solutions Borrower Verifications Tri-merge Credit and Related Products Flood Certifications Suite of Third-
Slide 9: Strong and Growing Customer Base
© 2022 Altisource All Rights Reserved. STRONG AND GROWING CUSTOMER BASE 9 1 Based on Altisource customers as of June 10, 2022 and Inside Mortgage Finance report Top 100 Mortgage Servicing Participants: Q3’20 2 As of June 10, 2022 3 Member market share based on 2020 HMDA data 4 As of March 31, 2022.
Slide 10: Compelling Growth Catalysts
© 2022 Altisource All Rights Reserved. COMPELLING GROWTH CATALYSTS 10 ORIGINATION SEGMENTSERVICER AND REAL ESTATE SEGMENT Increasing demand for our solutions that help reduce costs in a lower origination and tightening margin environment Tailwinds from the restart of the residential default market C
Slide 11: Compelling Growth Catalysts: Servicer and Real Estate Segment
© 2022 Altisource All Rights Reserved. 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% - 20k 40k 60k 80k 100k 120k 140k 160k Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Foreclosure Initiations1 and Mortgage Delinquencies2 Foreclosure Initiations Residential Mortgage 60+ day Deli
Slide 12: Compelling Growth Catalysts: Single-Family Rental Opportunity
© 2022 Altisource All Rights Reserved. COMPELLING GROWTH CATALYSTS 12 S E R V I C E R A N D R E A L E S TAT E S E G M E N T Large whitespace opportunity to deploy the established solutions purchased by servicers to the growing single-family rental market 1 As of 2019 (only includes occupied housing
Slide 13: Compelling Growth Catalysts: Origination Segment
© 2022 Altisource All Rights Reserved. COMPELLING GROWTH CATALYSTS 13 O R I G I N AT I O N S E G M E N T Increasing demand for solutions that help reduce costs in a lower origination and tightening margin environment • Residential loan originators are facing an increasingly challenging operating env
Slide 14: Network Effect within the Lenders One Business Model
© 2022 Altisource All Rights Reserved. Improve Member Profitability Increases product adoption and attracts more membersStrong Network Effect within the Lenders One Business Model Lenders One has a unique combination of — • Proprietary distribution engine through the Lenders One cooperative • Growin
Slide 15: Path to Positive Cash Flow
© 2022 Altisource All Rights Reserved. PATH TO POSIT IVE CASH FLOW 15 Improving operating environment and sales wins, on a lower cost base, provides a path to positive cash flow 1 Q1’22 includes benefits of approximately $1.8 million from non-recurring items 2 This is a non-GAAP measure defined and
Slide 16: Appendix
Altisource APPENDIX
Slide 17: Service Offerings: Servicer and Real Estate Segment
© 2022 Altisource All Rights Reserved. SERVICE OFFERINGS 17 S E R V I C E R A N D R E A L E S TAT E S E G M E N T Key business segments Description M A R K E T P L A C E Hubzu® Online Real Estate Marketing platform, Real Estate Brokerage and Asset Management Real Estate Marketplace S O L U T I O N S
Slide 18: Service Offerings: Origination Segment
© 2022 Altisource All Rights Reserved. SERVICE OFFERINGS 18 O R I G I N AT I O N S E G M E N T Key business segments Description L E N D E R S O N E ® S O L U T I O N S Mortgage Loan Fulfillment Title and Escrow Valuation Products Loan Manufacturing Insurance T E C H N O L O G Y A N D S A A S P R O
Slide 19: Non-GAAP Measures
© 2022 Altisource All Rights Reserved. NON-GAAP MEASURES 19 Adjusted EBITDA and Adjusted EBITDA margin by reportable segment are non-GAAP measures used by management, existing shareholders, potential shareholders and other users of our financial information to measure Altisource and its reportable s
Slide 20: Non-GAAP Measures Reconciliation
© 2022 Altisource All Rights Reserved. NON-GAAP MEASURES 20 Reconciliation ($ in millions) Servicer and Real Estate Origination Corporate and Others Consolidated Altisource Income (loss) before income taxes and non-controlling interests 5.7 (0.4) (16.4) (11.1) Less: Non-controlling interests - (0.2)
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