Investor Presentaiton
Direct Auto cumulative net loss performance
• OneMain performance highly consistent across vintages
All vintages substantially below lowest tranche class D rating agency (BBB) 14.9% stress first dollar loss scenario¹
ODART AAA would require cumulative gross loss to exceed -60% for any principal loss
16.0%
14.0%
12.0%
10.0%
8.0%
6.0%
4.0%
2.0%
0.09%
OneMain Direct Auto cumulative net less 2,3
ODART 2023-1
Rating Agency Class D
CNL Curve
2.0%
1.7%
14.9%
3.2%
3.0%
2.4%
2.8%
0.0%
0
3
6
9
12
15
18
21
24
27
30
33
36
39
42
45
48
2016
2017
2018
2019
2020
2021
2022
S&P Curve
1. Source: Internal Company Analysis.
2. OneMain Direct Auto: Vehicles 0-10 years old only.
OneMain Financial.
3. Combined annual "OMH" Direct Auto Cumulative Net Loss; Legacy OneMain "OMFH" reflects Gross Loss until system conversion (1Q2017).
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