Strategic Growth & Financial Overview
Strong Financial Position & Cash Generation to Support Growth
.00
Low Risk
Intermediary
-
Virtually no balance sheet risk¹
-
GSE/FHA portfolio provides predictable
and high margin revenues
Capital-light model
Variable Cost
Structure
Over 70% of expenses are variable
Cash & Cash Equivalents
Undrawn Credit Facility
$280.5 MM
+
$600.0 MM
+
Significant Cash
Expected to be Generated
by the Business
-
$420 MM+ of Annual Cash Generated
by the Business and growing²
$2.3 billion of AEBITDA and $1.8 billion of
cash generated by the business
2017-2Q22
Nearly 80% AEBITDA conversion to
cash generated by the business over
same period
II
E
Available Capital
$1B+
1. Newmark shares credit losses on a pari passu basis with Fannie Mae. On average, Newmark and the industry has experienced very low net charge offs. For more detail, see the May 2020 COVID-19 Supplement on our investor relations website.
2. For the trailing twelve months and FY2021, the Company generated over $420 million of "Net cash provided by operating activities excluding activity from loan originations and sales", before the impact of cash used with respect to the 2021 Equity Event and
excluding cash used with respect to employee loans for new hires and producers. See "Analysis of Adjusted EBITDA Relative to Cash Flow" in the appendix for historical cash generated by the business under this methodology.
NEWMARK 25View entire presentation