Santander Financial Performance Update
SC AUTO ORIGINATIONS
Record Q1 auto originations of $8.6 billion, up 24% YoY
Penetration rate of 36% with Stellantis, down 270bps due to lower exclusive incentives YoY
Three Months-Ended Originations
% Variance
($ in Millions)
Q1 2021
Q4 2020
Q1 2020
QoQ
YOY
Total Core Retail Auto
2,797
$
2,482
2,306
13%
21%
Chrysler Capital Loans (<640)1
1,317
1,141
1,190
15%
11%
Chrysler Capital Loans (≥640)1
2,343
1,863
1,432
26%
64%
Total Chrysler Capital Retail
3,660
3,005
2,622
22%
40%
Total Leases²
Total Auto Originations³
2,157
1,960
2,024
10%
7%
EA
8,614
7,446
6,951
16%
24%
SBNA Originations4
SA
1,977
$
EA
1 Approximate FICOS
2 Includes nominal capital lease originations
17
3 Includes SBNA originations
4 Asset sales and SBNA originations remain off SC's balance sheet in the serviced-for-others portfolio
1,531
$
1,081
29%
83%
SantanderView entire presentation