Vroom Mergers and Acquisitions Presentation Deck
asset-light funding strategy
Balance Sheet Treatment
vroom will transition uacc to an originate-to-securitize/sell model
0-12 months
Whole loans originated pre-closing to be either sold via a
portfolio sale or removed from the balance sheet utilizing a gain
on sale securitization transaction to remain in-line with our asset
light model
Existing securitizations to remain outstanding until callable
Loans originated post-closing - to be funded via existing
warehouse lines and sold via forward flow arrangements and
off-balance sheet securitizations
Balance Sheet Treatment
12+ months
All future loans to be funded via existing warehouse lines and
sold to third-party investors via forward flow arrangements and
off-balance sheet securitizations
Note: A portion of UACC's existing loans are expected to be retained on the balance sheet immediately post-close; additionally, per SEC risk retention requirements, a minimal economic interest of all securitizations
is required to be retained on-balance sheet over the duration of the security.
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