Investor Presentaiton
Significant Capacity to Absorb Losses
Our balance sheet is in a strong position to absorb losses
Absorption Capacity (in millions)
3Q 20
Total stockholders' equity
$272.5
Allowance for credit losses
$144.0
Total absorption capacity
$416.5
Absorption capacity as % of net finance receivables
39.3%
(1)
TTM Margin (revenue less G&A and interest expense)
$163.2
Additional capacity using TTM margin
15.4%
Total absorption capacity with TTM margin
54.7%
(2)
TTM Net credit loss rate
9.5%
Net finance receivables
$1,059.6
REGIONAL
MANAGEMENT
(1) TTM Margin defined as total revenue of $374.4 million, less general and administrative expenses of $172.4 million and interest expense of $38.9 million
from 4Q 19 through 3Q 20
(2) Net credit losses as a percentage of average net finance receivables
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