Investor Presentaiton
2020 Financing and Capital Management
Capital Management
Financing
✓ Committed to returning excess capital to
shareholders
Returned $523 million through dividends
and share repurchases
Total remaining share repurchase
authority of $600 million 1
✓ Pro Forma Adjusted Tangible Equity Ratio
(ATE) 2 of 7.1%
✓ Reduced unsecured debt by $1.1 billion year
over year
✓ Issued $6.3 billion of Private Education Loan
ABS transactions in 2020
•
Issued 2 Private Education Loan ABS
transactions in the Q4 20 for $1.6 billion
On January 19, priced 2021-A, at pre-
COVID funding spreads for $818 million
Issued 2 FFELP ABS transactions for $1.5
billion in 2020
✓ Continued improvement in enhancement
funding on our high-quality assets has
increased financing efficiency and reduced.
our reliance on higher-cost funding
1 As of 12/31/2020.
2 Item is a non-GAAP financial measure. See pages 49-51 for a description and reconciliation.
©2021 Navient Solutions, LLC. All rights reserved.
|||
13View entire presentation