OneMain Financial Performance Overview
ABS funding
Funding &
Collateral
Liquidity/
Conduits
Personal Loan ABS
Program ("OMFIT")
Direct Auto ABS
Program ("ODART")
Securitization a
critical component of
Company's funding strategy
(target ~50%)
Balanced mix of ABS/
corporate bonds provides
flexibility in changing
market conditions
Provides fixed rate
prefunding for future
originations
Significant unencumbered
assets (~$10B at 12/31/2019)
provide additional
alternatives
36 months of forward
liquidity¹ covering all cash
needs (assuming no access
to capital markets)
13 Diverse conduit banks
with multi-year
commitments
and no financial covenants
or MACS
Significant undrawn
committed capacity
provides long liquidity
runway in case of
protracted capital market
dislocation
$7.1B undrawn as of
December 31, 2019
21 Personal Loan
securitizations since 2013²
-
-
-
We created the asset class
in 2013, with consistent
performance since
First AAA in asset class
Backed by a mix of both
secured and unsecured
loans
Transactions feature a
2, 3, 5 or 7 year
revolving structure
5 Direct Auto securitizations
since 2016
Direct Auto has higher loan
yields, shorter terms and
much lower losses vs.
typical Indirect (dealer-
originated) non-prime auto
- Amortizing, 1, 2 and 5 year
revolving periods to date
Ability-to-pay underwriting,
income verification and
evaluation of performance
with existing auto lenders
major credit differentiators
Perfected first priority
security interest on all
loans
OneMain Financial
1. As of December 31, 2019, includes covering all future debt maturities and business expenses with no access to capital markets, no renewals of conduits, and receivables held flat to
December 31, 2019. 2. Includes SLFT securitizations, as of December 31, 2019.
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