Altisource Asset Management Corp · OTC:AAMCF
Altisource Asset Management — Investor Presentation (August 2022)
15 slides from Altisource Asset Management's investor presentation, Aug 15, 2022
Slide 1: Investor Presentation August 11, 2022
AAMCAAMC © Altisource Asset Management Corporation 2022 TICKER: (AAMC) Altisource Asset Management Corporation INVESTOR PRESENTATION AUGUST 11, 2022 TICKER: (AAMC)
Slide 2: Forward Looking Statements
AAMCAAMC © Altisource Asset Management Corporation 2022 TICKER: (AAMC) 2 Forward Looking Statements Certain comments made in this presentation may contain forward-looking statements in relation to operations, financial condition and financial results of Altisource Asset Management Corporation (“AAMC
Slide 3: Agenda
AAMCAAMC © Altisource Asset Management Corporation 2022 TICKER: (AAMC) 3 Agenda The Business We’re Building • Our Opportunity and Who We Are • What We Have Accomplished • Where We Are Going Recent Developments Q&A
Slide 4: The Business We're Building
AAMCAAMC © Altisource Asset Management Corporation 2022 TICKER: (AAMC) 4 The Business We’re Building
Slide 5: Our Opportunity
AAMCAAMC © Altisource Asset Management Corporation 2022 TICKER: (AAMC) 5 Our Opportunity Our immediate plan is to provide and source private credit for real estate in the non-bank space for fixed income accounts pursuing alternative assets. • Initially, we are focused on the bridge and rehab credit
Slide 6: Who We Are
AAMCAAMC © Altisource Asset Management Corporation 2022 TICKER: (AAMC) 6 Who We Are We are leveraging off the talent of our existing team. • For example, our India team has underwritten and led the acquisition of over 14,000 single family residences and over $4.1bn in non-performing mortgages and RE
Slide 7: What We Have Accomplished
AAMCAAMC © Altisource Asset Management Corporation 2022 TICKER: (AAMC) 7 What We Have Accomplished, 1 of 2 We have entered into a $50 million warehouse line with Flagstar Bank, FSB. We have opened a new office in Tampa effective July 1, as headquarters for our sales staff led by our new Head of Sale
Slide 8: What We Have Accomplished: Portfolio Data
AAMCAAMC © Altisource Asset Management Corporation 2022 TICKER: (AAMC) 8 What We Have Accomplished, 2 of 2 Portfolio Data YTD Loans Acquired by Commitment 53,393$ 105,087$ Ending Balances Commitment 45,229$ 96,363$ Holdback (12,923) (20,716) Principal Outstanding 32,306$ 75,647$ Warehouse Line of Cr
Slide 9: Where We Are Headed
AAMCAAMC © Altisource Asset Management Corporation 2022 TICKER: (AAMC) 9 Where We Are Headed We will source credit products through three main areas: originations direct to real estate developers and investors, wholesale originations and correspondent lending (our acquisition of closed loans). • We
Slide 10: Conclusion
AAMCAAMC © Altisource Asset Management Corporation 2022 TICKER: (AAMC) 10 Conclusion Our management team has a long history with money managers, insurance companies, banks, debt and credit funds and other institutional investors. We believe our key strength will be not only to originate and source p
Slide 11: Recent Events
AAMCAAMC © Altisource Asset Management Corporation 2022 TICKER: (AAMC) 11 Recent Events
Slide 12: Recent Developments
AAMCAAMC © Altisource Asset Management Corporation 2022 TICKER: (AAMC) 12 Recent Developments Putnam Transaction • Buyback of 286,873 shares at $10.00 a share totaling $2,868,730. • The opportunity arose to buy back common stock held by Putnam at a discount to the trading price. • Strategic opportun
Slide 13: Q&A
AAMCAAMC © Altisource Asset Management Corporation 2022 TICKER: (AAMC) 13 Q&A Altisource Asset Management Corporation
Slide 14: Appendix
AAMCAAMC © Altisource Asset Management Corporation 2022 TICKER: (AAMC) 14 Appendix
Slide 15: Endnotes / References
AAMCAAMC © Altisource Asset Management Corporation 2022 TICKER: (AAMC) 15 Endnotes / References 1 – Reference is made to Mortgage Research Center article, dated September 2021 for higher end range of housing shortage. https://www.mortgageresearch.com/news/u-s-housing-market-missing-5-2-million-singl
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