Strategic Growth & Financial Overview slide image

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 25
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