Investor Presentaiton
Managed Portfolio Performance - Lease
TMCC Managed Lease Portfolio Net Loss and Repossession Experience (dollars in thousands) (1)
For the Nine Months Ended
December 31,
Lease Contracts Outstanding ($) (2)
Average Lease Contracts Outstanding ($)
Number of Lease Contracts Outstanding (Units)
Average Number of Lease Contracts Outstanding (Units) (3)
For the Fiscal Years Ended
March 31,
2019
2021
$34,447,220
2020
$37,147,630
2021
$37,225,686
2020
$39,532,930
2018
$41,228,179
$41,890,127
2017
$40,505,379
$36,216,892
$37,773,231
$37,593,542
$40,586,875
$41,961,871
$41,431,204
$39,691,052
1,125,187
1,263,462
1,248,110
1,362,756
1,441,680
1,482,723
1,443,434
1,189,587
1,303,925
1,290,643
1,400,448
1,473,405
1,469,445
1,420,514
Number of Repossessions Sold (Units) (4)
2,133
3,324
4,454
8,052
11,474
13,383
13,666
Number of Repossessions Sold as a Percent of the Average Number of Lease
Contracts Outstanding (7)
0.24%
0.34%
0.35%
0.57%
0.78%
0.91%
0.96%
Charge-Offs ($) (5)
($668.00)
$69,167.00
$74,646.00
$100,313.00
Charge-Offs (Units)
11,956
14,828
19,121
21,124
$134,435.00
$161,078.00
30,396
$174,244.00
31,631
30,421
Recoveries ($) (6)
$17,482
$19,641
$27,503
$44,452
$46,525
$40,155
$28,576
Net (Gains)/Losses ($)
($18,150.00)
$49,526.00
$47,143.00
$55,861.00
$87,910.00
$120,923.00
$145,668.00
Net (Gains)/Losses as a Percentage of Average Dollar Amount of Lease Contracts
Outstanding (7)
-0.07%
0.17%
0.13%
0.14%
0.21%
0.29%
0.37%
(1) Includes contracts that have been sold but are still being serviced by TMCC (excluding TCPR).
(2) Outstanding balance is equal to the net book value of the related Lease.
(3) Averages are computed by taking an average of the month end outstanding amounts for each period presented.
(4) Includes bankrupt repossessions but excludes bankruptcies.
(5) Amount charged off is the net remaining principal balance, including earned but not yet received finance charges, repossession expenses and unpaid extension fees, less any proceeds from the liquidation of the related vehicle. Also includes dealer reserve charge-offs.
(6) Includes all recoveries from post-disposition monies received on previously charged-off contracts including any proceeds from the liquidation of the related vehicle after the related charge-off. Also includes recoveries for dealer reserve charge-offs and dealer reserve
chargebacks.
(7) Annualized
Source: Company Reports
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