The document discusses The J.G. Wentworth Company becoming a diversified consumer financial services company by expanding its product offerings. It currently purchases structured settlement and annuity payments and plans to enter personal lending, prepaid cards, and mortgage lending. It leverages capabilities in marketing, underwriting, and funding to efficiently expand into new areas while limiting credit risk. The company aims to use data and digital tools to enhance customer insights and better manage the business as it diversifies its revenue sources.
JGW Business Overview Credit Suisse Financial Services Foruminvestorjgwpt
This document provides an overview of the J.G. Wentworth Company. It discusses the company's structured settlement and annuity purchasing business, its marketing and branding strategies, growth initiatives including expanding into new financial services, and its financing platform. The company has established itself as the leading purchaser of structured settlement payment streams and has developed strong brands through extensive marketing. It aims to grow organically and through new offerings, leveraging its capabilities in areas like data analytics, direct marketing, and securitization.
This document summarizes the agenda for a seminar on small business credit risk. It discusses recent events affecting credit markets and lenders. It also outlines factors small businesses should consider, such as ensuring sound financial foundations. The document provides an overview of credit assessment tools and partnerships that can help small businesses manage risk. It analyzes current economic conditions and their potential impacts on small business lending.
Compliance with Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) provisions continues to be a major challenge for banks pursuing mergers and acquisitions. Several large banks recently received enforcement actions from regulators for weaknesses in their BSA/AML programs, forcing them to delay or terminate deals. Falling short of BSA/AML compliance can be very costly, with billions in fines. The regulatory focus on BSA/AML seems unlikely to ease soon given increasing law enforcement reliance on banks' reporting of suspicious transactions.
Credit Reports & Scoring is designed to help individuals understand their role and responsibilities when viewing credit reports. It will prepare Mortgage Loan Originators with the required knowledge in order to successfully analyze a borrower's credit report. You will obtain a clear understanding of the types of credit reports and how to access these reports. For more info: www.nafcu.org/genworth
Topics covered are how to conform to the legal and ethical requirements of credit investigations, the difference between direct and indirect credit investigations, how to gather information, etc.
Fair Isaac developed credit scoring models that analyze over 100 predictive variables from a consumer's credit report to assess credit risk. The top 5 categories that determine a score are: (1) payment history, (2) amounts owed, (3) length of credit history, (4) new credit, and (5) types of credit in use. Inquiries are also considered but have a small impact. Reason codes identify areas that most affected a consumer's score to help them improve their credit over time.
Credit Scores: What's New
Tuesday, May 3, 11 a.m.-12:30 p.m. ET
This 90-minute webinar will present findings from Experian Public Education Director Rod Griffin and Dr. Barbara O'Neill. This webinar will cover the fundamentals of credit reporting and credit scoring and what you must do to get the credit you want and need.
Speakers: Dr. Barbara O'Neill and Rod Griffin
Register, join & find supporting resources: https://learn.extension.org/events/2488
This document discusses opportunities for U.S. banks to improve transparency and consistency in their financial disclosures. While bank disclosures have increased in volume, many parts remain opaque including risks around litigation, equity components, interest rates, liquidity, repos, hedging and fair values. The document provides suggestions for better disclosing legal risks, accumulated other comprehensive income, interest rate sensitivity, and other areas. Improving disclosures could allow greater understanding of financial risks and comparisons across banks.
JGW Business Overview Credit Suisse Financial Services Foruminvestorjgwpt
This document provides an overview of the J.G. Wentworth Company. It discusses the company's structured settlement and annuity purchasing business, its marketing and branding strategies, growth initiatives including expanding into new financial services, and its financing platform. The company has established itself as the leading purchaser of structured settlement payment streams and has developed strong brands through extensive marketing. It aims to grow organically and through new offerings, leveraging its capabilities in areas like data analytics, direct marketing, and securitization.
This document summarizes the agenda for a seminar on small business credit risk. It discusses recent events affecting credit markets and lenders. It also outlines factors small businesses should consider, such as ensuring sound financial foundations. The document provides an overview of credit assessment tools and partnerships that can help small businesses manage risk. It analyzes current economic conditions and their potential impacts on small business lending.
Compliance with Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) provisions continues to be a major challenge for banks pursuing mergers and acquisitions. Several large banks recently received enforcement actions from regulators for weaknesses in their BSA/AML programs, forcing them to delay or terminate deals. Falling short of BSA/AML compliance can be very costly, with billions in fines. The regulatory focus on BSA/AML seems unlikely to ease soon given increasing law enforcement reliance on banks' reporting of suspicious transactions.
Credit Reports & Scoring is designed to help individuals understand their role and responsibilities when viewing credit reports. It will prepare Mortgage Loan Originators with the required knowledge in order to successfully analyze a borrower's credit report. You will obtain a clear understanding of the types of credit reports and how to access these reports. For more info: www.nafcu.org/genworth
Topics covered are how to conform to the legal and ethical requirements of credit investigations, the difference between direct and indirect credit investigations, how to gather information, etc.
Fair Isaac developed credit scoring models that analyze over 100 predictive variables from a consumer's credit report to assess credit risk. The top 5 categories that determine a score are: (1) payment history, (2) amounts owed, (3) length of credit history, (4) new credit, and (5) types of credit in use. Inquiries are also considered but have a small impact. Reason codes identify areas that most affected a consumer's score to help them improve their credit over time.
Credit Scores: What's New
Tuesday, May 3, 11 a.m.-12:30 p.m. ET
This 90-minute webinar will present findings from Experian Public Education Director Rod Griffin and Dr. Barbara O'Neill. This webinar will cover the fundamentals of credit reporting and credit scoring and what you must do to get the credit you want and need.
Speakers: Dr. Barbara O'Neill and Rod Griffin
Register, join & find supporting resources: https://learn.extension.org/events/2488
This document discusses opportunities for U.S. banks to improve transparency and consistency in their financial disclosures. While bank disclosures have increased in volume, many parts remain opaque including risks around litigation, equity components, interest rates, liquidity, repos, hedging and fair values. The document provides suggestions for better disclosing legal risks, accumulated other comprehensive income, interest rate sensitivity, and other areas. Improving disclosures could allow greater understanding of financial risks and comparisons across banks.
The document discusses competition in the Indian microfinance sector and its effects. It presents results from a study analyzing loan repayment data from multiple MFIs with over 500,000 client records. The study found that approximately 10% of MFI clients had loans from multiple lenders. Interviews with these clients suggested they borrowed from multiple MFIs primarily to obtain larger loan sizes or as a backup in case of default. While competition benefits customers through lower rates and better service, concerns remain around potential negatives like over-indebtedness and mission drift. The document advocates further research to better understand the impacts of competition.
IPA is partnering with three rural banks in the Philippines to develop and test credit scoring systems tailored to each bank using historical lending data. The credit scoring systems aim to objectively predict a client's likelihood of repayment based on factors like cash flow, debt capacity, and past repayment patterns of similar clients. Electronic loan applications could provide high quality borrower data to help build these credit scoring models, and would offer benefits like immediate loan decisions, objective decisions, improved client quality, and more accurate data for both clients and banks.
Learn the basics of credit in this easy-to-follow, introductory course that includes:
- What credit is and the different types of credit available
- How credit reports and credit scores work and the factors that go into building them
- Common options for building credit
And more!
Click through the slideshare to start your credit-education now.
FICO scores are a measure of credit risk calculated by Fair Isaac Corporation based on a credit report. Payment history makes up 35% of a score and factors like on-time payments, amount owed, length of credit history, new credit, and credit mix each influence the score. Individuals can improve their scores by paying bills on time, keeping credit utilization low, maintaining old accounts, and applying for new credit judiciously over time. A FICO score considers all these categories together to assess risk rather than any single factor.
Andre P. Wallace has over 15 years of experience in the financial services industry, focusing on mortgage loan compliance, quality assurance, risk management, and loan modifications. He has held roles as a Compliance Analyst, Tax Preparer, MHA Case Specialist, Risk & Compliance QC Analyst, Loss Prevention Specialist, and Underwriter. Wallace has extensive knowledge of mortgage regulations and guidelines including HMDA, RESPA, TILA, GLBA, BSA, AML, and HAMP. He holds certifications in numerous financial compliance areas and has strong analytical, auditing, and customer service skills.
This document summarizes a presentation on estimating supply and demand for microcredit in a community. The presentation is given by representatives from Friedman Associates, an organization that helps microfinance institutions achieve their goals of sustainable and economically vibrant communities. The presentation covers conducting a supply and demand analysis through quantitative data analysis and qualitative key informant interviews. It discusses estimating the size of the capital gap in a community and identifying high priority zip codes for microloan programs. It also provides guidance on assessing if a microloan program is ready to ramp up, including reviewing strategic goals, loan guidelines, lending procedures, use of portfolio data, and investing human resources. The overall document aims to help microfinance organizations better understand their market opportunities and make strategic decisions about their micro
From underwriting to marketing and managing risk, and every business function in between, big data is valuable and integral to your commercial success. Experian’s latest technology innovation levels the playing field and fills the gaps in your data across all facets of your organization
Transaction scoring can help credit card issuers more accurately assess risk and identify opportunities. It does this by analyzing transaction data in real time to identify risky spending patterns or positive credit usage. This allows issuers to intervene earlier with at-risk accounts and guide customers toward responsible credit use. It also reduces "false positives," identifying customers suitable for cross-selling or promotions. Transaction scoring provides benefits to both issuers and consumers by enabling more precise segmentation and tailored account management strategies.
Credit rating agencies play a key role in financial markets by providing independent ratings of financial instruments. Their ratings help investors assess risk and make investment decisions. Over time, credit rating agencies have become important due to various factors such as regulations requiring certain investment minimum ratings, and the growth of securitization and global capital markets. However, their business model, where issuers pay for ratings rather than investors, creates a potential conflict of interest that could compromise rating objectivity. Credit ratings communicate an agency's opinion on the probability that a debt issuer will default, but they are not guarantees or recommendations, and do not consider all risk factors in an investment.
Vernon K. Olsen has over 20 years of experience in various roles in the mortgage industry including underwriting, processing, and sales. He is proficient in numerous mortgage lending software programs and underwriting guidelines. The document provides details on his professional experience as a mortgage underwriter for several companies, demonstrating his strong underwriting skills and ability to assess risk and ensure compliance.
Benefits-of-Financial-Technology-for-Banks_RMA Jan 2017Max Zahner
This document summarizes how community banks can use technology to successfully compete in commercial and industrial lending. It discusses that C&I lending can provide higher returns than other types of lending but is difficult for banks to do well due to the complex underwriting and loan administration processes required. It then describes how adopting new technology can streamline these processes, reducing the time and costs to underwrite loans and conduct loan reviews. This allows community banks to profitably lend to smaller businesses and increase their return on equity through expanding their C&I lending business.
After the acquisition: 5 steps to manage the tax processGrant Thornton LLP
A detailed plan is critical to accomplishing all the tax-related tasks that need to occur in the months after an M&A transaction closes. Your 100-day plan for managing the tax process should include five key steps.
The document discusses various options for law firm financing, including:
- SBA loans, which are the easiest and quickest funding option but have a lengthy application process.
- Bank loans, which have more flexible terms than SBA loans but a shorter approval timeframe of 2-6 weeks.
- Term loans, which are best for those who don't qualify for SBA or bank loans due to poor credit.
- Business lines of credit, which provide flexible access to cash as needed but require good credit to qualify.
Supervisory Review Readiness post CCAR March 2015 Results- Somanshu JendSomanshu Jend
Supervisory Review Readiness post CCAR March 2015 Results.
A preliminary inspection of the CCAR Stress Test Results released by Federal Reserve Board on March 2015.
Raises some questions that the BHCs management should be asking while reviewing CCAR results.
A safe approach to growing your loan book in wealth managementRockall Technologies
A white paper on a safe approach to increasing your loan book in wealth management. The paper will discuss the ways in which your loan book can be increased salely and in line with regulation and compliance.
For more information please see: http://www.rockalltech.com/banking/wealth-management
This document provides an overview of New Constructs, LLC, an independent investment research firm. In 3 sentences:
New Constructs provides proprietary fundamental research on over 3,000 stocks, 400 ETFs and 7,000 mutual funds through analyzing SEC filings such as 10-Ks and 10-Qs. They aim to help investors make better investment decisions by uncovering important information often buried in financial statement footnotes that other analysts miss or ignore. The document highlights New Constructs' research platform and methodology, services, clientele, and background of its founder David Trainer.
The document provides 5 reasons for lenders to embrace data reporting to Experian: 1) It helps regulators by providing a more complete credit history for consumers. 2) It incentivizes consumers to pay on time by adding consequences to late payments. 3) It minimizes delinquencies and collections by giving other lenders visibility to existing obligations. 4) It rewards consumers for on-time payments by increasing their credit scores. 5) It provides deeper consumer insights through analytics to help lenders maximize profitability.
4 best practices in digitizing mortgage verificationExperian
The journey to a mortgage is complex and expensive, so of course the transaction will require more than a few swipes on a smartphone. Underwriting a sizeable loan can take weeks with the task of collecting income and asset documents to analyze and verify. In fact, one source from the Mortgage Bankers Association says the average mortgage application has ballooned to 500 pages. With advancements in digital verification, lenders can dramatically accelerate the process, providing benefits to both their own operations and the consumer mortgage experience.
Q1 2015 earnings slides monday final reviewinvestorjgwpt
1) The document discusses the company's first quarter 2015 earnings call which reviewed financial results and key initiatives.
2) Total revenues were $62.4 million, adjusted net income was $8.2 million or $0.29 per share, and total receivables purchased were $260.8 million.
3) The company is focused on growing its core business while diversifying into new lines like prepaid and personal lending, and recently acquired a mortgage originator.
Final jgw q4_fy 2015 earnings presentationinvestorjgwpt
This document summarizes a fourth quarter and full year 2015 earnings call held by the company on March 8, 2016. It discusses key highlights from Q4 2015 including total receivable balances purchased, closed mortgage loans, adjusted EBITDA, and adjusted net loss. It also outlines cost savings initiatives for full year 2016 totaling $25-30 million from marketing efficiencies, personnel reductions, G&A spending reductions, and financing cost reductions. The document discusses early signs of improvement in the structured settlement payments business and priorities for 2016 including stabilizing that business, growing the home lending business, maintaining adequate liquidity, and improving the company's cash, capital, and funding positions.
The document discusses a micro cap conference presentation by The J.G. Wentworth Company. It provides an overview of the company, which purchases structured settlement payments and offers other financial products directly to consumers. It highlights the company's focus on improving profitability in structured settlements and growing its home lending business. The company achieved record results in home lending in the most recent quarter while reducing costs in structured settlements.
J.G. Wentworth Company Business Overview - Second Quarter 2015investorjgwpt
This document summarizes J.G. Wentworth's second quarter 2015 earnings call. It discusses the company's focus on increasing profitability through adjusting purchase yields, deal sizes, and lengths. It highlights accomplishments of the company's diversification strategy, including acquiring WestStar Mortgage and launching a new website and prepaid cards. Key financial metrics such as loan origination volume, net income, and total receivables balance are presented. The company's actions to manage expenses and drive profitability through its diversified business lines while maintaining a strong balance sheet are also summarized.
The document discusses competition in the Indian microfinance sector and its effects. It presents results from a study analyzing loan repayment data from multiple MFIs with over 500,000 client records. The study found that approximately 10% of MFI clients had loans from multiple lenders. Interviews with these clients suggested they borrowed from multiple MFIs primarily to obtain larger loan sizes or as a backup in case of default. While competition benefits customers through lower rates and better service, concerns remain around potential negatives like over-indebtedness and mission drift. The document advocates further research to better understand the impacts of competition.
IPA is partnering with three rural banks in the Philippines to develop and test credit scoring systems tailored to each bank using historical lending data. The credit scoring systems aim to objectively predict a client's likelihood of repayment based on factors like cash flow, debt capacity, and past repayment patterns of similar clients. Electronic loan applications could provide high quality borrower data to help build these credit scoring models, and would offer benefits like immediate loan decisions, objective decisions, improved client quality, and more accurate data for both clients and banks.
Learn the basics of credit in this easy-to-follow, introductory course that includes:
- What credit is and the different types of credit available
- How credit reports and credit scores work and the factors that go into building them
- Common options for building credit
And more!
Click through the slideshare to start your credit-education now.
FICO scores are a measure of credit risk calculated by Fair Isaac Corporation based on a credit report. Payment history makes up 35% of a score and factors like on-time payments, amount owed, length of credit history, new credit, and credit mix each influence the score. Individuals can improve their scores by paying bills on time, keeping credit utilization low, maintaining old accounts, and applying for new credit judiciously over time. A FICO score considers all these categories together to assess risk rather than any single factor.
Andre P. Wallace has over 15 years of experience in the financial services industry, focusing on mortgage loan compliance, quality assurance, risk management, and loan modifications. He has held roles as a Compliance Analyst, Tax Preparer, MHA Case Specialist, Risk & Compliance QC Analyst, Loss Prevention Specialist, and Underwriter. Wallace has extensive knowledge of mortgage regulations and guidelines including HMDA, RESPA, TILA, GLBA, BSA, AML, and HAMP. He holds certifications in numerous financial compliance areas and has strong analytical, auditing, and customer service skills.
This document summarizes a presentation on estimating supply and demand for microcredit in a community. The presentation is given by representatives from Friedman Associates, an organization that helps microfinance institutions achieve their goals of sustainable and economically vibrant communities. The presentation covers conducting a supply and demand analysis through quantitative data analysis and qualitative key informant interviews. It discusses estimating the size of the capital gap in a community and identifying high priority zip codes for microloan programs. It also provides guidance on assessing if a microloan program is ready to ramp up, including reviewing strategic goals, loan guidelines, lending procedures, use of portfolio data, and investing human resources. The overall document aims to help microfinance organizations better understand their market opportunities and make strategic decisions about their micro
From underwriting to marketing and managing risk, and every business function in between, big data is valuable and integral to your commercial success. Experian’s latest technology innovation levels the playing field and fills the gaps in your data across all facets of your organization
Transaction scoring can help credit card issuers more accurately assess risk and identify opportunities. It does this by analyzing transaction data in real time to identify risky spending patterns or positive credit usage. This allows issuers to intervene earlier with at-risk accounts and guide customers toward responsible credit use. It also reduces "false positives," identifying customers suitable for cross-selling or promotions. Transaction scoring provides benefits to both issuers and consumers by enabling more precise segmentation and tailored account management strategies.
Credit rating agencies play a key role in financial markets by providing independent ratings of financial instruments. Their ratings help investors assess risk and make investment decisions. Over time, credit rating agencies have become important due to various factors such as regulations requiring certain investment minimum ratings, and the growth of securitization and global capital markets. However, their business model, where issuers pay for ratings rather than investors, creates a potential conflict of interest that could compromise rating objectivity. Credit ratings communicate an agency's opinion on the probability that a debt issuer will default, but they are not guarantees or recommendations, and do not consider all risk factors in an investment.
Vernon K. Olsen has over 20 years of experience in various roles in the mortgage industry including underwriting, processing, and sales. He is proficient in numerous mortgage lending software programs and underwriting guidelines. The document provides details on his professional experience as a mortgage underwriter for several companies, demonstrating his strong underwriting skills and ability to assess risk and ensure compliance.
Benefits-of-Financial-Technology-for-Banks_RMA Jan 2017Max Zahner
This document summarizes how community banks can use technology to successfully compete in commercial and industrial lending. It discusses that C&I lending can provide higher returns than other types of lending but is difficult for banks to do well due to the complex underwriting and loan administration processes required. It then describes how adopting new technology can streamline these processes, reducing the time and costs to underwrite loans and conduct loan reviews. This allows community banks to profitably lend to smaller businesses and increase their return on equity through expanding their C&I lending business.
After the acquisition: 5 steps to manage the tax processGrant Thornton LLP
A detailed plan is critical to accomplishing all the tax-related tasks that need to occur in the months after an M&A transaction closes. Your 100-day plan for managing the tax process should include five key steps.
The document discusses various options for law firm financing, including:
- SBA loans, which are the easiest and quickest funding option but have a lengthy application process.
- Bank loans, which have more flexible terms than SBA loans but a shorter approval timeframe of 2-6 weeks.
- Term loans, which are best for those who don't qualify for SBA or bank loans due to poor credit.
- Business lines of credit, which provide flexible access to cash as needed but require good credit to qualify.
Supervisory Review Readiness post CCAR March 2015 Results- Somanshu JendSomanshu Jend
Supervisory Review Readiness post CCAR March 2015 Results.
A preliminary inspection of the CCAR Stress Test Results released by Federal Reserve Board on March 2015.
Raises some questions that the BHCs management should be asking while reviewing CCAR results.
A safe approach to growing your loan book in wealth managementRockall Technologies
A white paper on a safe approach to increasing your loan book in wealth management. The paper will discuss the ways in which your loan book can be increased salely and in line with regulation and compliance.
For more information please see: http://www.rockalltech.com/banking/wealth-management
This document provides an overview of New Constructs, LLC, an independent investment research firm. In 3 sentences:
New Constructs provides proprietary fundamental research on over 3,000 stocks, 400 ETFs and 7,000 mutual funds through analyzing SEC filings such as 10-Ks and 10-Qs. They aim to help investors make better investment decisions by uncovering important information often buried in financial statement footnotes that other analysts miss or ignore. The document highlights New Constructs' research platform and methodology, services, clientele, and background of its founder David Trainer.
The document provides 5 reasons for lenders to embrace data reporting to Experian: 1) It helps regulators by providing a more complete credit history for consumers. 2) It incentivizes consumers to pay on time by adding consequences to late payments. 3) It minimizes delinquencies and collections by giving other lenders visibility to existing obligations. 4) It rewards consumers for on-time payments by increasing their credit scores. 5) It provides deeper consumer insights through analytics to help lenders maximize profitability.
4 best practices in digitizing mortgage verificationExperian
The journey to a mortgage is complex and expensive, so of course the transaction will require more than a few swipes on a smartphone. Underwriting a sizeable loan can take weeks with the task of collecting income and asset documents to analyze and verify. In fact, one source from the Mortgage Bankers Association says the average mortgage application has ballooned to 500 pages. With advancements in digital verification, lenders can dramatically accelerate the process, providing benefits to both their own operations and the consumer mortgage experience.
Q1 2015 earnings slides monday final reviewinvestorjgwpt
1) The document discusses the company's first quarter 2015 earnings call which reviewed financial results and key initiatives.
2) Total revenues were $62.4 million, adjusted net income was $8.2 million or $0.29 per share, and total receivables purchased were $260.8 million.
3) The company is focused on growing its core business while diversifying into new lines like prepaid and personal lending, and recently acquired a mortgage originator.
Final jgw q4_fy 2015 earnings presentationinvestorjgwpt
This document summarizes a fourth quarter and full year 2015 earnings call held by the company on March 8, 2016. It discusses key highlights from Q4 2015 including total receivable balances purchased, closed mortgage loans, adjusted EBITDA, and adjusted net loss. It also outlines cost savings initiatives for full year 2016 totaling $25-30 million from marketing efficiencies, personnel reductions, G&A spending reductions, and financing cost reductions. The document discusses early signs of improvement in the structured settlement payments business and priorities for 2016 including stabilizing that business, growing the home lending business, maintaining adequate liquidity, and improving the company's cash, capital, and funding positions.
The document discusses a micro cap conference presentation by The J.G. Wentworth Company. It provides an overview of the company, which purchases structured settlement payments and offers other financial products directly to consumers. It highlights the company's focus on improving profitability in structured settlements and growing its home lending business. The company achieved record results in home lending in the most recent quarter while reducing costs in structured settlements.
J.G. Wentworth Company Business Overview - Second Quarter 2015investorjgwpt
This document summarizes J.G. Wentworth's second quarter 2015 earnings call. It discusses the company's focus on increasing profitability through adjusting purchase yields, deal sizes, and lengths. It highlights accomplishments of the company's diversification strategy, including acquiring WestStar Mortgage and launching a new website and prepaid cards. Key financial metrics such as loan origination volume, net income, and total receivables balance are presented. The company's actions to manage expenses and drive profitability through its diversified business lines while maintaining a strong balance sheet are also summarized.
The j.g. wentworth company business updateinvestorjgwpt
The document provides an overview of The J.G. Wentworth Company, including its business segments, leadership, financial performance, and strategic initiatives. It discusses the company's focus on structured settlements, home lending, and prepaid cards. Key highlights include record loan volumes and adjusted EBITDA in home lending, efforts to improve structured settlements operations, and new product launches in prepaid cards. Biographies of the CEO and leadership team are also provided.
JGW Business Overview – Jeffries Crossover Consumer Finance Summit investorjgwpt
The document discusses several non-GAAP financial measures used by the company, including Adjusted Net Income, Total Adjusted Revenue, Spread Revenue, and EBITDA. It provides definitions for each measure and notes they exclude amounts related to consolidated securitization trusts. The company uses these measures to evaluate performance excluding impacts of the trusts. It also provides an overview of the company's businesses in structured settlement purchasing, home lending, and plans for personal lending and prepaid cards. The goal is to diversify as a consumer financial services company through growth, cost savings, and new product lines.
Final jgw q1_2016-earnings-presentationinvestorjgwpt
In the first quarter of 2016:
- Adjusted EBITDA was $8.0 million, up from $3.0 million in the previous quarter.
- Consolidated adjusted revenues were $57.1 million, up from $52.2 million in the previous quarter.
- The home lending business saw locked loan volume of $1.1 billion and closed loan volume of $568 million for the quarter.
- Structured settlement payments business priorities include optimizing marketing, driving operational efficiencies, and reducing expenses through specialization.
- Cash levels fluctuate based on funding sources like securitizations and asset sales, and are expected to remain in historical ranges.
NewOak provides compliance management and regulatory consulting services to financial institutions. Their services help clients minimize compliance risks, improve customer satisfaction, obtain compliance assurance, and develop mitigation strategies. NewOak's suite of services includes policy and procedures reviews, vendor risk assessments, loan reviews, and remediation services. They have experience in areas like complaint management, monitoring, training, and independent audits. NewOak aims to help clients stay ahead of increasing regulatory challenges through customized compliance solutions.
1) The company reported adjusted consolidated revenue growth of 5% and adjusted net income of $5.2 million for the third quarter of 2015. The Structured Settlements segment achieved $3.2 million in adjusted net income.
2) The company completed the acquisition of Weststar Mortgage Inc. in July 2015. The Home Lending segment achieved $2 million in adjusted net income for the third quarter.
3) The company intends to implement hedging programs for both its Structured Settlements and Home Lending segments to partially offset interest rate risk exposure.
1) The presentation discusses LogMeIn's position as a market-leading SaaS company and outlines its strategy for growth.
2) Key growth drivers include accelerating the IoT opportunity with Xively, driving growth in join.me, and increasing LogMeIn's value to SMB IT customers.
3) LogMeIn is well positioned for continued growth by leveraging its Gravity platform to capitalize on opportunities in connectivity, with goals of 20% bookings, revenue, and EBITDA growth.
The document provides an overview of OUTFRONT Media's transition to operating as a REIT. Some key points:
- OUTFRONT completed its IPO and split from CBS in 2014, allowing it to operate as a REIT and benefit from lower corporate taxes.
- As a REIT, OUTFRONT's qualified assets include US billboards, fixed transit assets, and international operations held through taxable subsidiaries.
- Compared to other REITs, OUTFRONT has a unique business model focused on leasing advertising space and faces less competition due to location barriers.
- The transition established OUTFRONT's structure for REIT compliance and distributing taxable income to shareholders.
FTI Consulting is a global business advisory firm that is uniquely positioned to provide holistic expert advice to businesses that are facing financial distress due to the impact of COVID-19 and companies seeking government support through the CARES Act.
Trilogy International Partners Inc. held an investor presentation in September 2019 to provide an overview of the company and its two main operating segments, 2degrees in New Zealand and NuevaTel in Bolivia. The summary discusses:
- 2degrees has seen strong double-digit revenue and subscriber growth in New Zealand in 2019. It operates in a stable three-player mobile market with opportunities for continued growth in postpaid subscribers and data adoption.
- NuevaTel closed a $100 million tower sale-leaseback agreement in Bolivia and launched fixed LTE services. The business is showing signs of stabilizing after pricing pressures and number portability issues impacted results in 2018.
- The presentation evaluates Trilogy
This investor presentation discusses LogMeIn's position as a market leader in connectivity services and its growth opportunities. It summarizes that LogMeIn has proprietary Gravity platform technology, focuses on serving SMB customers and expanding within existing accounts, and is positioned to capitalize on growing markets for collaboration, IT management, and the Internet of Things. The presentation outlines LogMeIn's plans to drive further growth through expanding join.me collaboration services, increasing its value to SMB IT customers, and accelerating its role in the emerging IoT market by leveraging its Gravity platform.
The document provides an overview of OUTFRONT Media's assets and business model as a REIT. It details the company's primary asset types which include billboards, digital displays, posters, and transit assets. It also summarizes the company's top market locations and timeline of becoming a publicly-traded REIT after its split from CBS Corporation in 2014.
The document provides an overview of OUTFRONT Media's assets and business model. It describes the company's primary asset types which include billboards, digital billboards, posters, and transit displays. It also outlines the simple business model of generating revenue through leasing advertising space. Additionally, it provides details on key aspects of the billboard assets such as display permits, site leases, and digital inventory. Finally, it lists OUTFRONT Media's top market locations by total billboard and transit displays.
The document provides an overview of OUTFRONT Media's assets and business model. It describes the company's primary asset types which include billboards, digital billboards, posters, and transit displays. It also outlines the simple business model of generating revenue through leasing advertising space. Key points covered include details on billboard components like permits, displays, and sites. The summary highlights the company's top market locations such as New York, Los Angeles, and Miami.
This investor presentation provides an overview of Semrush's business and financials. It discusses Semrush's large and growing customer base, rapid revenue growth, robust margins, and large market opportunity in helping businesses manage their online visibility. The presentation also highlights Semrush's proprietary technology and data assets that cover key aspects of online visibility and marketing.
DeFi Technologies builds and manages assets in the rapidly emerging decentralized financial market, providing institutional and retail investors easy access to previously unseen returns through innovative projects and groundbreaking protocols that are fundamentally reshaping the global financial system.
This document summarizes information about Prosper Marketplace, Inc., a peer-to-peer lending platform. Some key points:
- Prosper was the first US peer-to-peer lending platform, launched in 2006, and has pioneered the development of this asset class.
- Peer-to-peer lending allows borrowers to access competitive loan rates and terms while reducing costs for lenders compared to traditional banks.
- Prosper has attracted highly creditworthy borrowers, with average credit scores of 701 and incomes of $85,761. This creates an investment opportunity for lenders to earn returns from consumer lending.
- Prosper uses a rigorous risk management process to underwrite and service loans,
Similar to Final investor roadshow deck 6_24_2015_pm edition (20)
- Third quarter earnings call held on November 14, 2017 to discuss recent financial results
- Home lending segment saw record quarterly volume growth in mortgage servicing rights and loan originations, while structured settlements segment saw stable trends and lower expenses
- Company entered into a restructuring support agreement to significantly reduce debt through a bankruptcy process, extinguishing $449.5M term loan and reducing annual debt servicing costs from $32M to under $5M
- Second quarter earnings call held on August 14, 2017 to discuss financial results
- Home lending segment saw growth in mortgage servicing rights portfolio and origination volumes, while structured settlements benefited from cost savings initiatives and improved marketing and operations
- Home lending adjusted EBITDA was $3.6 million compared to $8 million in prior year, while structured settlements adjusted EBITDA grew to $4 million from $3 million
- Company is focused on growing its mortgage servicing rights portfolio and loan origination volumes in home lending segment through various strategic initiatives
The document provides an overview of the company's first quarter 2017 earnings call. It summarizes the company's performance across its two operating segments. For the Home Lending segment, loan origination volumes increased year-over-year while earnings declined. For the Structured Settlements segment, expenses decreased but receivable balances and earnings also declined. The company continues to expand its Payment Solutions segment. Overall revenues increased while cash on hand decreased compared to the first quarter of 2016. The document contained forward-looking statements and discussed various risks that could impact financial results.
- The company discussed its fourth quarter and full year earnings call held on March 28, 2017.
- Key priorities included turning around the structured settlements segment, growing the home lending business, innovating payment solutions offerings, and diversifying funding sources.
- The home lending segment saw record loan originations growth while the structured settlements segment delivered another quarter of sequential improvement through expense management and diversified funding.
V2 final jgw_q3_2016_presentation_slides_for uploadinvestorjgwpt
The company reported record levels of locked and closed loan volumes in its Home Lending segment in the third quarter of 2016. The Structured Settlements segment stabilized volumes through an emphasis on pipeline conversion rates and strong expense management. The company also launched its Prepaid initiatives with the New Mexico Lottery combined Gift Card and Scratch-Off Product. Financially, the company generated $49.1 million in additional cash and cash equivalents through residual asset refinancing and securitization transactions during the quarter.
In the second quarter earnings call, the company discussed executing on key priorities to improve profitability in structured settlements and grow market share in home lending. Home lending achieved record loan volumes while structured settlements improved profits through expense management. The company also discussed plans to launch prepaid initiatives combining lottery scratch tickets and gift cards. Overall adjusted revenues and earnings grew sequentially in the quarter.
J.G. Wentworth Company Business Overview - Fourth Quarter 2014investorjgwpt
This document provides a summary of a company's financial results for the fourth quarter and full year of 2014, as well as highlights key initiatives. The company achieved earnings per share of $0.31 in Q4 2014 and $43.6 million in annual net income. It is executing a diversification strategy in 2015 by entering new business lines like personal lending, mortgage, and prepaid cards. The goal is to grow the core business and take advantage of adjacent opportunities to become a leading financial services company.
JGWPT Holdings Inc. Business Overview - Third Quarter 2014investorjgwpt
The document summarizes the key accomplishments and initiatives of a company in the third quarter of 2014. It discusses rebranded the company, hired new leadership, launched marketing promotions, and initiated projects to improve efficiencies. It outlines plans to leverage the company's brand strength to expand into new financial product lines like prepaid cards and consumer lending. It also reviews financial performance and next steps to execute on growth strategies.
JGWPT Holdings Inc. Business Overview - Second Quarter 2014investorjgwpt
JGWPT focuses on key sectors, including purchasing of structured settlement payments, annuity payments, lottery payments and pre-settlement funding. Through our two market leading and highly recognizable brands, J.G. Wentworth and Peachtree Financial Solutions, we have purchased over $9.6 billion of future structured settlement payment streams from our customers since 1995.
For more information about JGWPT, visit www.jgwpt.com
Today, JGWPT Holdings Inc. (“JGWPT”) is headquartered in suburban Philadelphia. We focus on key sectors, including structured settlement payment purchasing, annuity payment purchasing, lottery payment purchasing and pre-settlement funding. Our management team has developed a category-leading marketing, operations, customer service and funding infrastructure that has allowed us to achieve efficiency and economies of scale necessary for stability and future growth.
Our team has been working hard to prepare presentations on our latest projects and initiatives. We aim to share these presentations with key stakeholders in the coming weeks to update them on our progress and gather feedback. Please save the dates of June 15th and June 22nd for these presentation sessions.
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1. B E C O M I N G A D I V E R S I F I E D
C O N S U M E R F I N A N C I A L S E R V I C E S C O M P A N Y
2. SAFE HARBOR
Certain statements in this document constitute “forward-looking statements.” All statements, other than statements of historical fact, are forward-
looking statements. You can identify such statements because they contain words such as “plans,” “expects,” or “does expect,” “budget,” “forecasts,”
“anticipates,” or “does not anticipate,” “believes,” “intends,” and similar expressions or statements that certain actions, events or results “may,”
“could,” “would,” “might,” or “will,” be taken, occur or be achieved. Any statements that refer to expectations or other characterizations of future
events, circumstances or results are forward-looking statements.
A number of factors could cause actual results, performance or achievements to differ materially from the results expressed or implied in the forward-
looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements.
Forward-looking statements necessarily involve significant known and unknown risks, assumptions and uncertainties that may cause our actual
results, performance and opportunities in future periods to differ materially from those expressed or implied by such forward-looking
statements. Consideration should also be given to the areas of risk set forth under the heading “Risk Factors” in our filings with the Securities and
Exchange Commission, and as set forth more fully under “Part 1, Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended
December 31, 2014, these risks and uncertainties include, among other things: our ability to implement our business strategy; our ability to continue
to purchase structured settlement payments and other assets; the compression of the yield spread between the price we pay for and the price at
which we sell assets due to changes in interest rates and/or other factors; changes in tax or accounting policies or changes in interpretation of those
policies as applicable to our business; changes in current tax law relating to the tax treatment of structured settlements; our ability to complete future
securitizations or other financings on beneficial terms; our dependence on the opinions of certain rating agencies; our dependence on outside parties
to conduct our transactions including the court system, insurance companies, outside counsel, delivery services and notaries; our ability to remain in
compliance with the terms of our substantial indebtedness; changes in existing state laws governing the transfer of structured settlement payments or
the interpretation thereof; availability of or increases in the cost of our financing sources relative to our purchase discount rate; changes to state or
federal, licensing and regulatory regimes; unfavorable press reports about our business model; our dependence on the effectiveness of our direct
response marketing; adverse judicial developments; our ability to successfully enter new lines of business and broaden the scope of our business;
potential litigation and regulatory proceedings; changes in our expectations regarding the likelihood, timing or terms of any potential acquisitions
described herein; the lack of an established market for the subordinated interest in the receivables that we retain after a securitization is executed;
the impact of the Consumer Financial Protection Bureau inquiry and any findings or regulations it issues as related to us, our industries, or products
in general; our dependence on a small number of key personnel; our exposure to underwriting risk; our access to personally identifiable confidential
information of current and prospective customers and the improper use or failure to protect that information; our computer systems being subject to
security and privacy breaches; the public disclosure of the identities of structured settlement holders; our business model being susceptible to
litigation; the insolvency of a material number of structured settlement issuers; and infringement of our trademarks or service marks.
Except for our ongoing obligations to disclose material information under the federal securities laws, we undertake no obligation to publicly revise any
forward-looking statements, to report events or to report the occurrence of unanticipated events unless we are required to do so by law.
4. We are becoming a diversified consumer financial services
company. Leveraging a distinct set of capabilities to
extend our reach to consumers in search of CASH NOW
THE J.G. WENTWORTH COMPANY™
CAPABILITIES & PRODUCTS
PRODUCT OFFERINGS
1. Payment Purchasing
• Structured Settlement
• Annuity & Lottery Payments
• Pre-Settlement Funding
2. Personal Lending
3. Prepaid (Q3 – 2015)
4. Mortgage (Q3 – 2015)
CAPABILITIES
4
1. Strong Brand
2. Direct to Consumer
3. Operational Efficiencies
4. Funding Platform
5. Digital & Information Management
5. Our strong national brand, direct to consumer capabilities, operational efficiencies
and low cost of funds positions the company well for expansion into appropriate
adjacencies. To round out our core capabilities we are enhancing our online
presence, the functionality of our websites and our information capabilities.
LEVERAGE KEY STRENGTHS TO EVOLVE FROM
MONO-LINE COMPANY TO MULTI-LINE COMPANY
National
Brand
Personal
Lending
MortgagePayment
Purchasing
Prepaid TBD
Information
Data
Analysis
Digital
Capabilities
Funding
Platform
Direct
to Consumer
Capabilities
Operational
Efficiencies
= Strength
= Future opportunities
= In progress
5
TBD
6. Company Facts – Today
• Publicly traded company on the NYSE under the symbol “JGW”
• Russell 2000 index of companies
• Complete transactions in all 50 states
• Invested over $700M since 1995 with $320M since 2010 in marketing the
brands and currently averaging more than 60,000 inquiries per month
• ~400 employees
• First in industry to securitize Structured Settlement payment streams, with
41 securitizations completed to date
• Purchased over $10B in payment streams among 70,000 receivables
BUSINESS OVERVIEW
6
7. COMPANY EVOLUTION
7
J.G. Wentworth
is founded as a
merchant bank
Began purchasing
auto insurance
deferrals
Began to focus
on Structured
Settlements and
Annuities
State lobbying efforts
drove regulation of the
industry across the
United States
Company reorganization
Structured
Originations was
created adding a
wholesale channel
JGWPT Holdings
Inc. goes public
on the NYSE
under stock
symbol JGW
JGWPT Holdings, Inc.
launches Opportunity
Desk program which
gathers data on
customers who do not
have a product we can
currently work with
JGWPT Holdings Inc.
rebrands as The J.G.
Wentworth Company™
JGWPT Holdings,
LLC was established
due to a merger with
Peachtree Financial
Solutions
Announces launch of
personal lending
program and
partnership with Avant
Agreement to
acquire Westar
Mortgage, Inc.
announced
Late 90’s 2012 2013 20141991 1992 Early 00’s 2011 2015
Entering Prepaid Card
market with leading
partners
8. STRONG BRAND
J.G. Wentworth is a well positioned financial
services brand that will allow for product
expansion and to become an umbrella brand
that carries all other products
• 72% aided national brand awareness
• 62% aided national advertising awareness
• Perceived to offer an average of 2.4 financial
services:
• 45% purchaser of structured settlements
• 27% personal loans
• 19% mortgage
• 18% HELOC
• 17% reverse mortgage
• 14% money transfer
• 13% term life insurance
• 9% pre-paid cards
Source: J.G. Wentworth Q4’14 Brand Health Tracker (conducted by Horizon Media with Toluna’s consumer panel)
Based upon aided awareness; margin of error + / - 4.4%
“A reliable and
trustworthy
company”
“It's your money,
use it when you
need it!”
First Thoughts
of
J.G. Wentworth
“A respectable financial
company that has been
in business for a long
time.”
“I think of
financing and
lending money.”
“Money!”
8
9. • More than 60,000 inquiries a month
• 90% of center has college degree or higher
• Average tenure of 10 years for managers
• Handle complex transactions
• Trading floor atmosphere
9
DIRECT TO CONSUMER CAPABILITIES
Not your average contact center...
10. OPERATIONAL EFFICIENCIES
PORTFOLIO
SERVICING
• File verification
• Payment processing
• Delinquency resolution
• Annuity provider liaison
UNDERWRITING
• Ensure payments
unencumbered and
available for purchase
• Transaction review
• Processing / execution
of documentation
LEGAL OVERVIEW
• Corporate counseling
• Compliance oversight
• Litigation management
• Financing facility creation
and maintenance
• Marketing review
RESEARCH
• Competitive research
• Customer information
10
Able to scale existing operational competencies
11. FUNDING & SECURITIZATION PLATFORM
WAREHOUSE
FACILITIES
• $750M Capacity
• Five lenders
• Fixed advance rate
• No mark to market
exposure
• Multi-year facilities with
amortization periods
ALTERNATIVE
MONETIZATION
OPTIONS
• Opportunities for private
placements
• Term facilities
SECURITIZATIONS
• 50 unique investors since
2010
• 35% - 45% pre-funding
component
• AAA rated with no wrap
ASSET CLASS
TRACK RECORD
• Strong performance
throughout financial crisis
• Completed 41 securitizations
since 1997 with only 15 bps
of cumulative losses
11
Strengthened and diversified funding model
12. BECOMING AN INFORMATION COMPANY
12
The J.G. Wentworth Company™ is enhancing the way it uses data and
information to drive business decisions. The company will continue to
evolve performance based interactive tools to increase efficiencies and
to make more informed decisions to improve the business. Digital and
Information Management is becoming a key pillar and differentiator to
facilitate becoming a diversified consumer financial services leader.
MarketNow InfoScout IntelReporter
13. INFORMATION A COMPETITIVE DIFFERENTIATOR
13
MarketNow
InfoScout
IntelReporter
MarketNow is a powerful customer intelligence solution that provides our
teams with extensive insight into the size and potential of our customer
databases. Robust data mining & analytical capabilities highlight product
marketing opportunities and reveal underserved customer segments. Omni-
channel campaigns can be launched & executed through the MarketNow
interface with dynamic reporting tools to track performance.
InfoScout is a lead management tool that facilitates the acquisition process
and is built to handle interactions between the company and its customers. A
dedicated contact center utilizes the tool to capture data, assess the
customer’s need and route them to the appropriate product specialist. We can
quickly and efficiently optimize our lead management.
IntelReporter is a dashboard solution that provides management with
transparency to marketing and channel performance. With near real-time
updates on production KPI’s and customer metrics, users can monitor trends
across the business. IntelReporter forecasts funding projections through the use
of predictive models and tracks performance against goals.
14. TURNING DATA INTO ACTIONABLE INSIGHTS
14
Data
Information
Insights
Actions
Real and elapsed
time actions to
boost business
Understanding of
who customers
really are
One view of
customers’ data
Customer data
coming from
many sources
15. DEVELOPING DIGITAL CAPABILITIES
15
• Multi-product transactional site
• Customer portal with single sign-on
• Optimized mobile experience
• Launch in Q3 – 2015
16. FOCUS ON EXPENSES
16
To Grow the Core, Become an Information Based company and Diversify
will require:
• Investments in infrastructure and personnel to execute
Institutionalized a disciplined expense management process
MarketNow
InfoScout
IntelReporter
18. THE CASE FOR PRODUCT LINE EXPANSION
LEVERAGE EXISTING MARKETING
LARGE MARKET TO GAIN SHARE
CONSUMER CREDIT RISK
LOW COST OF CAPITAL TO OPERATE
BALANCE SHEET RISK
STRUCTURED
SETTLEMENT
PERSONAL
LENDING
PREPAID
CARDS
MORTGAGE
Limited
Limited
Limited
Limited NoneNone
Note: The above chart reflects business model today or expansion based on current strategy
NoneNoneDe Minimis
18
19. We help people get cash sooner for future payments. These future payments
generally come from an insurance company and have resulted from personal
injury, medical malpractice, or wrongful death lawsuits.
Customers desire liquidity for a variety of reasons, including:
• Debt reduction
• Housing
• Transportation
• Education
• Healthcare costs
• Business opportunities
ANNUITY & STRUCTURED SETTLEMENT
PAYMENT PURCHASING
The J.G. Wentworth Company™ is, through its brands, the
nation’s leading purchaser of deferred payments from illiquid
financial assets, such as structured settlements, annuities and
lottery receivables.
19
20. LEADING POSITION
The company operates in the markets it serves with distinct brands:
• Allows the company to address separate sub-segments
• Differentiated strategy results in minimal customer overlap
• Over $700 million in spend on television, internet, direct mail and social media have
developed iconic brands
BRAND POSITIONING
• Price leader with courteous, efficient service
• Project image of being a reliable, secure and
financially strong institution that delivers
good service and great value
• Friendly, high-touch service
• Develop strong personal bond between
customer and purchasing team
Personal relationship is the
cornerstone of the experience
STRUCTURED
SETTLEMENTEFFICIENT
PLATFORM
DE MINIMIS
CONSUMER
CREDIT
RISK
STRONG
BRAND
COURT
APPROVALS
LOW
CAPITAL
REQUIREMENTS
20
21. STRUCTURED SETTLEMENT PRODUCT OVERVIEW
21
Direct-to-
Consumer
– TV
– Internet
– Print
Generates
incoming calls to
product groups
Proprietary
databases
utilized to pursue
leads
Ensure
payments are
unencumbered
and available for
purchase
Transaction
review
Processing and
execution of
documentation
Subject to
individual state
transfer statutes
Each structured
settlement
approved by a
court and federal
overlays
Service all
portfolios (such
as prior
securitizations
and other
financings)
Administer and
collect payments
Draw from
financing facilities
to fund deals
Subsequently,
permanently
finance through
securitizations
approximately
three times per
year
Initial screening
of opportunity
Relationship
management
– Complete
paperwork
Become point of
contact
Marketing
Under-
writing
Court
Approval
Portfolio
Servicing
FundingPurchasing
DESCRIPTION
Day 1 Day 10 Days 30 – 60
Highly efficient structured settlement payment stream purchasing process
22. 22
STRUCTURED SETTLEMENT ECONOMICS
• Primarily spread business with de minimis consumer credit risk
• Counterparties are primarily highly rated insurance companies
• Company delivers purchase price to customers
• Warehouse funding sources advance similar amounts back to company
• Interest rate sensitivity; able to adjust discount rate to address change in cost of funds
• Company securitizes purchased payment streams
• Cash and residual interest from bond issuance
• Residual interest is the Company’s ownership in the bond
• Cash Flows & Other Economics:
Cash to Consumer
Cash from Warehouse Funding
Securitization Cash
Residual Interest
23. 23
PERSONAL LENDING
J.G. Wentworth has begun the process of directing consumers over to
our third party lending partner, Avant. As we continue to analyze data,
we will refine our process and add new partners to address the distinct
credit needs of our customers. The company receives a fee for each
funded loan and has no consumer credit exposure.
ADJACENT
CONSUMER
SEGMENT
NO
CONSUMER
CREDIT
RISK
PARTNERSHIP
MODEL
OPPORTUNITY
TO GAIN
SHARE
NO
BALANCE SHEET
RISK
PERSONAL
LENDING
25. 25
PREPAID CARDS
As J.G. Wentworth enters the Prepaid market we have
partnered with leading industry players and are
leveraging our management’s experience to deliver
innovative prepaid offerings. The J.G. Wentworth Cash
Now® Visa® Prepaid card will serve new and existing
customers across retail and digital channels.
26. BRAND EXTENSION IN GROWING MARKET
U.S. Consumer Demand
Experienced management team with proven track record
26
0 200 400 600
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
$124.6
$77.5
$52.4
$33
$17.2
$10.3
$421.1
$308.1
$227.8
$165.3
US PREPAID
OPEN LOOP CARDS*
(In Billion $’s Loaded)
* Source: Mercator Advisory Group
NO
CONSUMER
CREDIT
RISK
RETAIL
OPPORTUNITIES
LOW
COST TO
ENTER
NO
BALANCE SHEET
RISK
PREPAID
CARDS
CROSS
SELL TO
BASE
27. 27
PREPAID CARDS
GENERAL PURPOSE RELOADABLE ECONOMICS
• Company receives upfront fees at time of card sale
• Usage by consumers generates transaction fees
• Share of reload fee after initial load of funds to card
• Additional fees earned after longer periods of inactivity
• Fee Components:
Card Sale
Reload
Interchange
ATM
Inactivity
Other
28. MORTGAGE THROUGH ACQUISITION
28
Expected to Close Q3 2015
Purchase Price of $54M*
Loan origination volume:
$1.5B for FY 2014
$553M for Q1 2015**
Net income:
$15.2M for FY 2014
$4.5M for Q1 2015**
Accretive to company earnings:
26% based on FY 2014
44% based on Q1 2015**
* Subject to closing balance sheet
** First quarter numbers subject to external accountant review
PRODUCT
MIX
LARGE
MARKET
NEW
DIRECT
CHANNEL
LIMITED
BALANCE SHEET
RISK
MORTGAGEGAIN
SHARE
Branding, media and direct to consumer planning to fuel additional growth
30. MORTGAGE – ECONOMICS
30
• Origination fees from customers when loan is sold
• Company sells product in the secondary market
Government agencies
Financial institutions
• Interest rate sensitivity impacts refinancing mix
• Direct advertising model may offset impact of rising interest rate environment
• Revenue Components:
Originations
Gain on Sale
Servicing Rights
Ongoing Servicing
32. FINANCIAL STRENGTH
32
Adjusted Total Revenue $62.4M*
Adjusted Net Income $8.2M*
Capital Expenditures $0.9M
Stock Repurchases $2.8M
Cash Balance $113.9M
Term Loan Outstanding $437.9M
Future diversification will add to existing financial strength
QUARTER ENDED MARCH 31, 2015
* See slide 37 on Non-GAAP Measures
33. CAPITAL STRUCTURE
33
Up-C structure with shareholders owning an indirect interest in the operating LLC
(The J.G. Wentworth Company, LLC) which is owned by the public company:
The J.G. Wentworth Company (sole LLC managing member; currently 3 classes of shares)
- Class A Shares (publicly traded; one vote per share) 14,143,434
- Class B Shares (P/E and Legacy Owners; 10 votes per share) 9,945,477
- Class C Shares (Non-voting from Peachtree acquisition issued at conversion) 4,360,623
Total Shares Outstanding (Assuming conversion of all LLC interests) 28,449,434
Total Market Capitalization (Assume $10/share) $284,494,340
MARCH 31, 2015
34. DIVERSIFIED FINANCIAL SERVICES COMPANY
34
The J.G. Wentworth Company
Q1 2015 Adjusted P&L
(in thousands)
Q1 '15
Securitized Product TRB Purchases $234,663
Life Contingent Purchases $19,499
Presettlement Fundings $6,360
Total TRB $260,521
Spread Revenue $50,547
Interest Income $9,099
Other Revenue $2,777
Total Revenue $62,423
Advertising $15,840
Interest expense $14,628
Compensation and benefits $10,150
General and administrative $4,636
Professional and consulting fees $3,844
Debt issuance $2,749
Provision for losses on finance receivables $1,339
Depreciation and amortization $990
Total Expenses $54,177
Adjusted Net Income $8,246
*
* See slide 37 on Non-GAAP Measures
35. DIVERSIFIED FINANCIAL SERVICES COMPANY
35
J.G. Wentworth & WestStar Adjusted Combined P&L
(in thousands)
JGW* WestStar Total JGW* WestStar Total
Total Revenue 258,997$ 57,204$ 316,201$ 62,423$ 19,864$ 82,287$
Total Expenses 215,404$ 41,969$ 257,373$ 54,177$ 15,349$ 69,526$
Adjusted Net Income 43,593$ 15,236$ 58,829$ 8,246$ 4,515$ 12,761$
TRB / Originations 1,077,795$ 1,552,991$ 260,830$ 553,620$
FY 2014 Q1 2015
* See slide 37 on Non-GAAP Measures
36. MANAGEMENT TEAM
36
Stewart A. Stockdale – Chief Executive Officer & Director
• Former President of Western Union’s Global Consumer Financial Services
• Past leadership roles with globally admired companies such as Simon Property Group, MasterCard , American Express and Procter & Gamble
John R. Schwab – EVP & Chief Financial Officer
• Extensive experience in corporate financial management
• Previously served in executive roles at Expert Global Solutions, Inc. (NCO Group, Inc.) and RMH Teleservices
Greg A. Schneider – EVP & Chief Information Officer
• Provides guidance and management in the areas of technology, information and data infrastructure, analytics, modeling and security
• Held several leadership positions with Western Union, Simon Property Group, Conseco and Banc One Corporation
Sean O’Reilly – SVP & Chief Marketing Officer
• Global experience in product development, marketing and advertising in several product sectors
• Prior experience at JP Morgan Chase and USAA, has worked with companies such as (Philip Morris and The Walt Disney Company)
Stephen A. Kirkwood – EVP, General Counsel & Corporate Secretary
• Responsible for the management of all legal and regulatory matters for the Company
• Industry veteran (started with Peachtree Financial Solutions in 1999), then Deputy General Counsel post-merger prior to assuming current role in 2012
Randy Parker – President, Annuity & Structured Settlement Payments
• Seasoned professional for all payment purchasing lines of business within the Company
• Held several leadership positions within the Company prior to assuming current role
William Schwartz – Chief Human Resources Officer
• Brings extensive experience in employment law, human capital practices, policies and operations
• Previously held leadership positions at International SOS Assistance, Inc., SAP America and PECO
Steven Sigman – SVP, Enterprise Transformation & Administration
• Responsible for enterprise transformation and administration
• Previous global operations roles in financial services with Western Union, First Data Corporation and IBM
37. NON-GAAP MEASURES
37
We use Adjusted Net Income (a non-GAAP financial measure) as a measure of our results from operations, which
we define as our net income under U.S. GAAP before non-cash compensation expenses, certain other expenses,
provision for or benefit from income taxes and amounts related to the consolidation of the securitization and
permanent financing trusts we use to finance our business. We use Adjusted Net Income to measure our overall
performance because we believe it represents the best measure of our operating performance, as the operations of
these variable interest entities do not impact business performance. In addition, the add-backs described above are
consistent with adjustments permitted under our Term Loan agreement.
We also use the non-GAAP measures of Total Adjusted Revenue and Adjusted unrealized gains on VIE and other
finance receivables, long term debt and derivatives, net of the loss on swap termination, net (“Spread Revenue”), as
measures of our revenues, which we define as those measures under U.S. GAAP before the amounts related to the
consolidation of the securitization and permanent financing trusts we use to finance our business. We use these
measures to measure our revenues because we believe they represent better measures of our revenues, as the
operations of these variable interest entities do not impact business performance.
You should not consider Adjusted Net Income, Total Adjusted Revenue or Spread Revenue in isolation or as a
substitute for analysis of our results as reported under U.S. GAAP. Because not all companies use identical
calculations, our presentation of Adjusted Net Income, Total Adjusted Revenue and Spread Revenue may not be
comparable to other similarly titled measures of other companies.
We include a reconciliation of Net Income (Loss) to Adjusted Net Income, which includes line items for Total
Adjusted Revenue and Spread Revenue, in our earnings press releases.