Credit Suisse Investment Banking Pitch Book
Preliminary Osprey standalone financial summary
FY'14A - FY'20E earnings summary per Osprey management as of Sept. 2017
($ in millions except per share amounts)
After-tax
ROAE
1.7%
Diluted EPS $0.21
Leverage 3.3x
(debt /
equity)
$11
2014A
2.6%
$0.35
5.1x
$17
2015A
4.3%
$0.61
5.1x
$28
2016A
2.5%
$0.39
4.8x
$16
2017E
Net income
4.6%
$0.73
4.5x
$29
PRELIMINARY | SUBJECT TO FURTHER REVIEW & REVISION
2018E
4.8%
$0.83
3.0x
$31
2019E
5.9%
$1.07
2.6x
Q1'17 and Q2'17 negatively impacted by mark-to-market adjustments on loans held for sale and higher than
expected provision expense
Source: Osprey public filings and Osprey management as of September 2017.
$41
2020E
Confidential
22
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