Novation Holdings Inc. · OTC:NOHO
Novation — Q3 2013 Earnings Presentation
12 slides from Novation's earnings presentation, Nov 12, 2013
Slide 1: Novation Companies, Inc. Third Quarter 2013 Shareholder Call
NOVATION COMPANIES, INC. Third Quarter 2013 Shareholder Call
Slide 2: Forward-looking Statements
Forward-looking Statements Information in this presentation, and any responses to questions during the question and answer period that will follow, may include statements that are forward-looking and based on current expectations. Please refer to our Quarterly Report filed on Form 10-Q for the quart
Slide 3: Novation Financial Summary
Novation Financial Summary YTD 2013 Q3 2013 Net Loss (28.0) (2.2) Tax (expense) benefit (27.3) 0.4 StreetLinks Contribution 6.3 1.2 Advent Contribution (1.0)* (1.8)* CorvisaCloud Contribution (2.8) (1.0) NCI (Securities income – corporate expenses) (29.6)* (0.6)* Discontinued Operations (0.9) 0.0 Re
Slide 4: StreetLinks Lender Solutions
StreetLinks Lender Solutions • StreetLinks is a leading provider of appraisal management services, appraisal management technology and automated valuation products. • Three main products offered today are: Product Description Lender Plus Full service appraisal management Lender X Technology enabling
Slide 5: StreetLinks Historical
StreetLinks Historical 2011 2012 YTD 2013 Q3 2013 Lender Plus Units 315,726 460,260 282,774 78,936 Lender X Units 32,224 84,083 72,573 21,830 StreetLinks QX Units 0 3,440 90,297 26,367 Total Units 347,950 547,783 445,644 127,133 YOY Growth 70% 57% 12% -9% Revenue $119,387 $176,645 116,695 32,385 YOY
Slide 6: StreetLinks Outlook
StreetLinks Outlook • While production and earnings will be down for the third and fourth quarters, we are optimistic about next year • We expect the industry to consolidate primarily due to: – Decrease in the number of smaller regional AMCs – Flight to quality by lenders driven largely by increased
Slide 7: Advent Financial
Advent Financial • Advent provides tax refund settlement products and a prepaid debt card product to the independent tax preparer market. • Its customers are independent professional tax preparers • Advent makes money through – Fees charged for the settlement products – Share of interchange on the p
Slide 8: Advent Historical
Advent Historical 2010 2011 2012 YTD 2013 # of ERO Locations 385 3,300 5,724* 4,552 Funded Fed Units 26,309 315,147 575,547* 446,480 Cards Issued 6,090 38,171 47,748 75,455 Revenue $255 $6,739 $9,221 $8,261 Cost of Services $140 $3,740 $7,092 $5,598 Gross Margin $115 $2,999 $2,129 $2,663 Expenses $4
Slide 9: Advent in 2014
Advent in 2014 • We do not expect to see growth in Advent’s business for the 2014 tax season • We continue to work to reposition Advent for better future performance – We will plan to discuss the results of these efforts in detail during our 2013 year end earnings call
Slide 10: CorvisaCloud
CorvisaCloud • CorvisaCloud offers a cloud based communications platform with best in class contact center software and cloud hosted phone system for companies of all sizes • Its revenue is derived from three main sources: – Subscription revenue from seat licenses – Revenue from minutes sold – Profe
Slide 11: CorvisaCloud Platform Structure
CorvisaCloud Platform Structure CorvisaCloud™ Salesforce Implementation Services CorvisaOne™ Communications Platform CorvisaOne Contact Center Suite (Salesforce integration available) CorvisaOne Cloud Phone System (PBX) (Salesforce integration available) Task Center Future Apps COMPANY PLATFORM & SE
Slide 12: Questions and Answers
Questions and Answers novatien