Investor Presentaiton
Actual Cash Flows From Our Education Loan
Portfolio Have Exceeded Projections
Actual Cash Flows Continue to
Exceed Projections 1
December, 2017 to December 31, 2020
($'s in Billions)
$9.4
$13.7
Prudent Investment of Cash Flows
Drives Margins and Creates Value
Cash flows generated Q4 2017 - Q4 2020
were invested in the following:
✓ Acquired over $13 billion of education loans
Reduced unsecured debt by $5.6 billion 2
✓ Share repurchases of $1.1 billion
Returned $435 million to shareholders in
dividends
3-year Projection
at Q4 2017
Actual Cash Flows
(Q4 2017 - Q4 2020)
✓ No Corporate Acquisitions
3
Actual cash flows exceeded projections 1 by over $4 billion, primarily through
financing activity and accretive acquisitions of education loans
1 Projections provided in Q4 2017 earnings presentation, published on January 24, 2018, available at Navient.com/investors.
2 Unsecured debt at par value.
3 Excludes tuck-in acquisitions.
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