Omni Financial Services Inc · OTC:OFSI
Omni Financial Services — Investor Presentation (May 2007)
18 slides from Omni Financial Services's investor presentation, May 22, 2007
Slide 1: Omni Financial Services, Inc.
Omn Financial Services, Inc.
Slide 2: Forward Looking Statements
Forward Looking Statements During the course of this presentation, management may make projections and forward-looking statements regarding events or the future financial performance of Omni Financial Services, Inc. We wish to caution you that these forward-looking statements involve certain risks a
Slide 3: Omni Financial Overview
Omni Financial Overview Strong Organic Growth Potential – Current markets, new markets – Atlanta – Chicago – Tampa – Philadelphia – Birmingham – Charlotte – Dallas – Fayetteville, NC – Dalton, GA Focused on Exceptional EPS - year EPS CAGR (1) (1) For the five years ended December 31, 2006
Slide 4: Omni Financial Overview
Omni Financial Overview Redevelopment Lending Suitable for many markets, unique returns M otivated Senior Management Team Retail Deposits Gathering Expansion Future expansion of already significant NIM Dallas, TX full service branch to open in July 2007 Acquisition Minded
Slide 5: Results – An Uncommonly High Performer
14 (Omni = 13.7%) 45 (Omni = 0.17%) 756 1,062 2 (Omni = 45.9%) Results – An Uncommonly High Performer Omni is one of only 2 publicly traded banks that meets these size, growth, performance and asset quality metrics (1) 5 Year EPS CAGR > 40% (FY2001 - FY2006) Average ROAE > 13% ( FY2003 – FY2006) Ave
Slide 6: IPO Overview
IPO Overview Closing Date: October 4, 2006 Ticker Symbol / Exchange: OFSI / NASDAQ Total Shares Sold (including 15% Overallotment): 3,852,500 Initial Price: $9.50 Net Proceeds: $33 million Use of Proceeds: - Support internal growth - Acquisitions of banks in attractive, growth markets - Development
Slide 7: Omni – A History of Executing on Opportunities
$0 $100 $200 $300 $400 $500 $600 $700 $800 Q12007 Omni - A History of Executing on Opportunities March 2000: Completed acquisition of United National Bank, a troubled, minority-owned bank in Fayetteville, NC March 2001: Formed Omni Community Development Corporation July 2005: Acquired Georgia Commun
Slide 8: Omni – Our Company Today
Omni - Our Company Today Headquartered in Atlanta, GA – 14 offices nationwide Superior balance sheet growth… – $771 million in total assets (1) – assets CAGR (2) …coupled with strong returns – EPS growth CAGR (3) …and disciplined credit culture …with exciting growth opportunities (1) As of March 31,
Slide 9: Our Business Lines
Our Business Lines 1) Redevelopment Lending Group 2) Commercial Lending: Real Estate, C&I 3) Leasing Division 4) Warehouse Lending 5) Retail – Consumer – Mortgages
Slide 10: Core Competencies
Core Competencies 1) EPS Growth 45.9% CAGR (1) – Driven by loan growth = CAGR (2) 2) Return on Average Equity (3) 3) Diversity – Employees, producers, managers – Markets – Business lines 4) Entrepreneurial Environment – Fostered through management style & infrastructure – Employee ownership position
Slide 11: Results – Balance Sheet Growth
CAGR: 49.4% (1) CAGR: 46.2% (1) $68.4 $103.6 $153.4 $222.6 $322.8 $494.8 $562.4 $0.0 $100.0 $200.0 $300.0 $400.0 $500.0 $600.0 Q107 Net Loans ($ in millions) $105.0 $144.5 $212.3 $317.7 $477.0 $702.8 $771.4 $0.0 $100.0 $200.0 $300.0 $400.0 $500.0 $600.0 $700.0 $800.0 Q107 Total Assets ($ in millions
Slide 12: Results – Profitability
5-Year CAGR: 79.9% 5-Year CAGR: 45.9% $0.10 $0.11 $0.23 $0.50 $0.51 $0.66 $0.17 $0.13 $0.00 $0.10 $0.20 $0.30 $0.40 $0.50 $0.60 $0.70 Q106 Q107 Fully Diluted Earnings Per Share $476 $536 $1,500 $3,295 $3,385 $5,615 $1,317 $1,452 $0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 Q106 Q107 Net Income ($ in
Slide 13: Results – Profitability: Future Efficiency Gains
Results - Profitability Future Efficiency Gains will Enhance Profitability Significant infrastructure investment to support current operations New corporate headquarters in Atlanta during 2005 179 current employees vs 64 in 2001 14 offices vs 5 in 2001 Q107 Efficiency Ratio
Slide 14: Results – Profitability: Impressive Margin
4.87% 8.56% 4.77% 4.72% 5.20% 6.49% 5.87% Results - Profitability Impressive Margin Driving Profitability Diversification of loan portfolio has contributed to reduced margin Meaningful upside with expansion of retail deposit franchise Q107 Net Interest Margin Redevelopment Loans / Total Loans
Slide 15: Results – Profitability: Margin Driven by Loan Spreads
Results - Profitability Margin Driven by Loan Spreads (1) , Funding Costs Less Relevant weighted average gross loan yield (1) (1) For the 5.25 years ended March 31, 2007 Q106 Q206 Q306 Q406 Q107 Interest-earning Asset Yield Cost of Funds Net Margin
Slide 16: Results – Stringent Credit Administration
0.04% Results - Stringent Credit Administration Vital Aspect of Omni's Culture Problem loan workout experience – Acquired NPAs: United National Bank, Georgia Community Bank Dedicated legal staff Q107 NPLs / Gross Loans Q107 (1) NCOs / Average Loans (1) Annualized
Slide 17: Results – Stringent Credit Administration
Results - Stringent Credit Administration Q107 NPAs/Gross Loans and OREO Ability to dispose of OREO with minimal losses (1) Annualized -0.05% -0.10% -0.05% Q107 (1) NCO & Gain/Loss on Sale of REO / Avg Loans and OREO NCOs / Average Loans NCO & Gain/Loss on Sale of REO / Avg Loans and OREO
Slide 18: Redevelopment Lending Division
Redevelopment Lending Division Proven success in expanding Redevelopment Lending product to new markets Average coupon of (1) (1) As of March 31, 2007 Loan Originations – Dollars (in thousands) and Number of Loans Amount Number Amount Number Amount Number Amount Number Atlanta 52,170 $ 73,062 $ 114,
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