Online Small Business Lender

Size: px
Start display at page:

Download "Online Small Business Lender"

Transcription

1 Online Small Business Lender Corporate Presentation June 2015 TSX-V Listed Issuer (IOU)

2 Forward-Looking Statements Statements made in this presentation that describe the IOU Financial s or management s budgets, estimates, expectations, forecasts, objectives, predictions or projections of the future may be forward-looking statements, which can be identified by the use of the conditional or forward-looking terminology such as anticipates, believes, estimates, expects, may, plans, projects, should, will, or the negative thereof or other variations thereon. IOU Financial cautions that, by their nature, forward-looking statements involve risks and uncertainties, and that its actual actions and/or results could differ materially from those expressed or implied in such forward-looking statements, or could affect the extent to which a particular projection materializes. Many factors and assumptions could have an impact on the materialization of the company s projections, including, but not limited to, liquidity risks, risks inherent in growing a new business, dependence on third-party service providers, credit risks, competition, regulatory risk, and other factors that are beyond its control. IOU Financial cautions that the foregoing list of factors is not exhaustive. For more information on risks and uncertainties, and assumptions that would cause the company s actual results to differ from current expectations, please refer to the section Risks and Uncertainties of IOU Financial s most recent Management s Discussion and Analysis, which may be consulted at ( MD&A). The forwardlooking statements presented in the MD&A reflect IOU Financial s expectations as at the date of the MD&A. IOU Financial does not undertake any obligation to update publicly or to revise any such forward-looking statements, unless required by applicable legislation or regulation. 2

3 Who We Are Company Description: Market Capitalization (March ): $21.5M Based in Montreal with sales and operations in Atlanta, IOU Financial (TSX-V: IOU) operates an Internet-based lending platform aimed at store-front businesses across the U.S. Strategic Partnership: Shares (as of March ): Shares Outstanding Warrants Options Total Shares Fully Diluted 53.7 Million 1.0 Million 4.7 Million 59.4 Million Quick Facts: Shareholders: Insider Ownership: Public Ownership: 9.1 Million 44.6 Million 62 full-time employees as of March ; US$31.2M in loan origination during the quarter ended March, ; Institutional shareholders you may recognize: Quarter over quarter loan origination growth rate of 53%; No. 32 On The 2014 PROFIT 500 List Of Canada's Fastest Growing Companies. 3

4 What We Do IOU makes working capital loans of up to $150k to small businesses across the U.S. Customers you may recognize: Loans are repaid daily and have 6, 9 or 12 month terms Customers can go through a 10 minute online application, receive a credit qualification decision within seconds, and funding in less than one day 4

5 How We Do It Data Collection Data Transformation D D D D D D D Models Answer IOU SCORES 5

6 Multi-Channel Loan Origination Retail Referral Wholesale Borrowers are sourced through direct marketing campaigns. Borrowers are sourced via various partnerships with third parties that refer customers to IOU. Borrowers are sourced via relationships with third-party business loan brokers. 6

7 Funding Model US Small Business Borrowers Promissory Notes $ IOU Financial (Loan Portfolio) $ Interest Credit Facility Assignment of Loans (Non-recourse) Assignment of Loans $ (Non-recourse) $ $ Assignment of Loans (Non-recourse) Fund 1 Fund 2 Fund 3 Returns $ Returns $ Returns $ Investors Investors (Servicing Portfolio) Investors 7

8 Strong Growth in Loan Originations $120,000,000 Loan Origination ($US) $100,000,000 $80,000,000 $60,000,000 $40,000,000 $20,000,000 $ Q Quarter over quarter loan origination growth rate of 53% 8

9 Growing Loans Under Management $80,000, Loans Under Management ($CDN) $70,000, $60,000, $50,000, $40,000, $30,000, Principal Balance of Servicing Portfolio (Servicing Segment) Principal Balance of Loan Portfolio (Lending Segment) $20,000, $10,000, $ Q

10 Provisional Loss Rate 14.00% 12.00% 10.00% 8.00% Provisional Loss Rate 6.00% Average Provisional Loss Rate 4.00% 2.00% 0.00% Q

11 Net Financial Income Before OPEX (Net Revenue) $6,000, $5,000, $4,000, $3,000, $2,000, $1,000, $ Q

12 Net Profit $- $(200,000.00) Net Profit Q $(400,000.00) $(600,000.00) $(800,000.00) $(1,000,000.00) $(1,200,000.00) $(1,400,000.00) $(1,600,000.00) $(1,800,000.00) $(2,000,000.00) 12

13 Demand Driver Micro Business Loans represent a massively under-served market segment. Bank retrenchment from small business lending has created a very large funding gap. 13

14 Massively Under-Served Market Segment Quote from Karen Gordon Mills, Senior Fellow at Harvard Business School and at Harvard Kennedy School, September 2014: ALTERNATIVE PLAYERS HAVE THE POTENTIAL TO FUNDAMENTALLY CHANGE THE WAY IN WHICH SMALL BUSINESSES ACCESS CAPITAL Statistic from the FDIC, January 2015: THERE WERE $177.4 BILLION IN COMMERCIAL AND INDUSTRIAL LOAN BALANCES AT FDIC-INSURED INSTITUIONS UNDER $250,000 IN THE UNITED STATES AS OF THE THIRD QUARTER 2014 ACROSS 21.8 MILLION LOANS. Estimate from Oliver Wyman, a management consulting firm and business unit of Marsh & McLennan, 2013: OLIVER WYMAN ESTIMATES THAT THERE IS A POTENTIAL $80 TO $120 BILLION IN UNMET DEMAND IN THE U.S. FOR SMALL BUSINESS LINES OF CREDIT. Statistic from Federal Reserve Bank of New York, Small Business Credit Survey, May 2013: NEARLY 70% OF SMALL BUSINESSES ARE IN NEED OF LESS THAN $250,000. Statement from The Small Business Administration, November 2012: DESPITE BEING THE BEDROCK OF THE AMERICAN ECONOMY, THE SMALL BUSINESS COMMUNITY IS UNDERSERVED AND REPRESENTS A VALUE OPPORTUNITY FOR INVESTORS. 14

15 Leadership Managed by an experienced team that spans all facets of the business Phil Marleau, CEO and Director over 20 years of experience in the securities industry (Merrill Lynch and Scotia Capital). Mayco Quiroz, CFO over 15 years of experience in accounting (Harris Corporation and L Oreal). Robert Gloer, COO over 20 years of experience in lending (First Franklin, a subsidiary of Merrill Lynch). Paul Hamilton, CTO over 30 years of experience in technology (Maplesoft, McAfee, Disney Interactive, GuestDriven). Governed by an experienced Board of Directors Evan Price, Chairman over 20 years of experience leading high-tech companies, both private and public. David Cynn, Director over 20 years of experience in investment banking and private equity focused on focused financial services (Morgan Stanley and Lightyear Capital). Guy Charette, Director over 25 years experience in securities law. Guy is currently a director of Carpathian Gold (TSX-V listed company). 15

16 IOU-V Stock Price ($) $0.80 IOU-V Stock Price ($) $0.70 $0.60 $ $0.40 $0.30 $0.20 $ Volume Price $- 0 Source: Yahoo Finance 16

17 Summary IOU is revolutionizing lending through technology. IOU operates in a massively under-served market. IOU is positioned for extreme growth within this market. Contacts: Phil Marleau, CEO IOU Financial Inc. (514) ext. 225 Mayco Quiroz, CFO IOU Financial Inc. (514) ext

Online Small Business Lender

Online Small Business Lender Online Small Business Lender Corporate Presentation April 2015 TSX-V Listed Issuer (IOU) Forward-Looking Statements Statements made in this presentation that describe the IOU Financial s or management

More information

Online Small Business Lender

Online Small Business Lender Online Small Business Lender Corporate Presentation June 2015 TSX-V Listed Issuer (IOU) Forward-Looking Statements Statements made in this presentation that describe the IOU Financial s or management s

More information

Online Small Business Lender Corporate Presentation January 2013

Online Small Business Lender Corporate Presentation January 2013 Online Lender Corporate Presentation January 2013 CNSX Listed Issuer ( IOU ) Phil Marleau, CEO pmarleau@ioucentral.com (514) 789-0694 Ext. 225 Forward-Looking Statements Statements made in this presentation

More information

Agenda. Forward-looking Statements Denis Jasmin, Vice-President, Investor Relations

Agenda. Forward-looking Statements Denis Jasmin, Vice-President, Investor Relations SECOND QUARTER 2013 Conference Call Notes August 2, 2013 2 Agenda Forward-looking Statements Denis Jasmin, Vice-President, Investor Relations President and CEO Remarks Robert G. Card, President and Chief

More information

AGF MANAGEMENT LIMITED EARNINGS CONFERENCE CALL SECOND QUARTER 2014 JUNE 24, 2014

AGF MANAGEMENT LIMITED EARNINGS CONFERENCE CALL SECOND QUARTER 2014 JUNE 24, 2014 AGF MANAGEMENT LIMITED EARNINGS CONFERENCE CALL SECOND QUARTER 2014 JUNE 24, 2014 CAUTION REGARDING FORWARD-LOOKING STATEMENTS The forward looking information is provided as of June 24, 2014. Certain information

More information

Acquisition of CIT's Canadian Equipment Financing & Corporate Financing Activities

Acquisition of CIT's Canadian Equipment Financing & Corporate Financing Activities Acquisition of CIT's Canadian Equipment Financing & Corporate Financing Activities June 29, 2016 laurentianbank.ca 1 Prospectus Information A preliminary short form prospectus containing important information

More information

IGM FINANCIAL INC. REPORTS FOURTH QUARTER AND 2015 EARNINGS

IGM FINANCIAL INC. REPORTS FOURTH QUARTER AND 2015 EARNINGS News Release Readers are referred to the disclaimer regarding Forward-Looking Statements, Non-IFRS Financial Measures and Additional IFRS Measures at the end of this Release. IGM FINANCIAL INC. REPORTS

More information

NEWS RELEASE FOR IMMEDIATE RELEASE

NEWS RELEASE FOR IMMEDIATE RELEASE NEWS RELEASE FOR IMMEDIATE RELEASE Readers are referred to the sections entitled Forward looking Statements and Non IFRS Financial Measures at the end of this release. The Corporation s financial results

More information

Press release. National Bank releases its results for the second quarter of 2009. the SECOND quarter of 2009 (1) :

Press release. National Bank releases its results for the second quarter of 2009. the SECOND quarter of 2009 (1) : Press release SECOND quarter 2009 National Bank releases its results for the second quarter of 2009 The financial information in this press release is based on the unaudited interim consolidated financial

More information

Colleen Johnston Group Head Finance & CFO TD Bank Financial Group. Citi Financial Services Conference

Colleen Johnston Group Head Finance & CFO TD Bank Financial Group. Citi Financial Services Conference Colleen Johnston Group Head Finance & CFO TD Bank Financial Group Citi Financial Services Conference January 28, 2009 Caution regarding forward-looking statements From time to time, the Bank makes written

More information

Well Positioned For Growth

Well Positioned For Growth Tony Comper Chairman & CEO Scotia Capital Financials Summit 2002 September 10, 2002 Divested Business Bancomer Global Custody Partners First Corporate Trust Branch Sales Total 1999 Revenue ($MM) $119 $12

More information

NASDAQ: FNHC. Joint Venture to Form an Insurance Company July 2014

NASDAQ: FNHC. Joint Venture to Form an Insurance Company July 2014 Joint Venture to Form an Insurance Company July 2014 1 SAFE HARBOR STATEMENT Safe harbor statement under the Private Securities Litigation Reform Act of 1995: Statements that are not historical fact are

More information

Management Discussion and Analysis. For the three months ended March 31, 2014

Management Discussion and Analysis. For the three months ended March 31, 2014 Management Discussion and Analysis For the three months ended March 31, 2014 Dated: May 2, 2014 Trez Capital Mortgage Investment Corporation Interim Management Discussion and Analysis Table of Contents

More information

TORSTAR CORPORATION REPORTS SECOND QUARTER RESULTS

TORSTAR CORPORATION REPORTS SECOND QUARTER RESULTS PRESS RELEASE TORSTAR CORPORATION REPORTS SECOND QUARTER RESULTS TORONTO, ONTARIO (Marketwired July 30, 2014) Torstar Corporation (TSX:TS.B) today reported financial results for the second quarter ended

More information

NIGHTINGALE REPORTS FISCAL 2014 SECOND QUARTER RESULTS

NIGHTINGALE REPORTS FISCAL 2014 SECOND QUARTER RESULTS NIGHTINGALE REPORTS FISCAL 2014 SECOND QUARTER RESULTS Markham, ON, November 27, 2013 Nightingale Informatix Corporation ( Nightingale or the Company ) (TSX- V: NGH), an application service provider (ASP)

More information

NIGHTINGALE REPORTS FISCAL 2014 RESULTS

NIGHTINGALE REPORTS FISCAL 2014 RESULTS NIGHTINGALE REPORTS FISCAL 2014 RESULTS Markham, ON, July 31, 2014 Nightingale Informatix Corporation ( Nightingale or the Company ) (TSX-V: NGH), an application service provider (ASP) of electronic health

More information

Investor Presentation Acquisition of General Electric s Transportation Finance Business

Investor Presentation Acquisition of General Electric s Transportation Finance Business Investor Presentation Acquisition of General Electric s Transportation Finance Business September 10, 2015 September 10, 2015 0 Forward Looking Statements & Non-GAAP Measures Caution Regarding Forward-Looking

More information

Genworth MI Canada Inc. BRIAN HURLEY, Chairman and CEO

Genworth MI Canada Inc. BRIAN HURLEY, Chairman and CEO Genworth MI Canada Inc. BRIAN HURLEY, Chairman and CEO Genworth MI Canada Inc. 1 Scotia Capital Financial Summit September 2012 Forward-Looking and Non-IFRSs Statements This presentation includes certain

More information

CUSTOMERS BANCORP REPORTS RECORD NET INCOME FOR FULL YEAR AND FOURTH QUARTER 2015

CUSTOMERS BANCORP REPORTS RECORD NET INCOME FOR FULL YEAR AND FOURTH QUARTER 2015 Customers Bancorp 1015 Penn Avenue Wyomissing, PA 19610 Contacts: Jay Sidhu, Chairman & CEO 610-935-8693 Richard Ehst, President & COO 610-917-3263 Investor Contact: Robert Wahlman, CFO 610-743-8074 CUSTOMERS

More information

Trxade Group, Inc. (TCQB: TRXD): Record Revenues in Q3

Trxade Group, Inc. (TCQB: TRXD): Record Revenues in Q3 Siddharth Rajeev, B.Tech, MBA, CFA Analyst November 5, 2015 Trxade Group, Inc. (TCQB: TRXD): Record Revenues in Q3 Sector/Industry: E-commerce Market Data (as of November 5, 2015) Current Price $1.15 Fair

More information

Acquisition of Maple Financial Group s Mortgage Business

Acquisition of Maple Financial Group s Mortgage Business Acquisition of Maple Financial Group s Mortgage Business February 14, 2006 This document includes forward-looking statements which are made pursuant to the safe harbour provisions of the United States

More information

BALANCE SHEET HIGHLIGHTS

BALANCE SHEET HIGHLIGHTS Home Capital Reports Q1 Earnings: Diluted Earnings per Share of $0.92; adjusted diluted earnings per share of $0.96 Dividend of $0.24 per common share. Toronto, May 4, 2016 - Home Capital today reported

More information

Canadian Tire Corporation 2014 Second Quarter Financial Results

Canadian Tire Corporation 2014 Second Quarter Financial Results Canadian Tire Corporation 2014 Second Quarter Financial Results August 7, 2014 Forward looking information This document contains forward-looking statements that reflect management s current expectations

More information

Asta Funding, Inc. Announces Financial Results for Second Quarter and First Six Months of Fiscal 2014

Asta Funding, Inc. Announces Financial Results for Second Quarter and First Six Months of Fiscal 2014 May 8, 2014 Asta Funding, Inc. Announces Financial Results for Second Quarter and First Six Months of Fiscal 2014 Net Income of $3.8 million, or $0.29 Per Diluted Share for Six Months. An Improvement of

More information

Geoff Miller CEO. GLI Finance. February 2014

Geoff Miller CEO. GLI Finance. February 2014 Geoff Miller CEO GLI Finance February 2014 1 Disclaimer IMPORTANT NOTICE These presentation materials (the "Presentation Materials") are being solely issued to and directed at persons who are qualified

More information

CUSTOMERS BANCORP REPORTS RECORD NET INCOME FOR FULL YEAR 2013 AND Q4 2013

CUSTOMERS BANCORP REPORTS RECORD NET INCOME FOR FULL YEAR 2013 AND Q4 2013 Customers Bancorp 1015 Penn Avenue Wyomissing, PA 19610 Contacts: Jay Sidhu, Chairman & CEO 610-935-8693 Richard Ehst, President & COO 610-917-3263 Investor Contact: Robert Wahlman, CFO 610-743-8074 CUSTOMERS

More information

State Bank Financial Corporation Reports Fourth Quarter and Full Year 2015 Financial Results

State Bank Financial Corporation Reports Fourth Quarter and Full Year 2015 Financial Results Investor Relations Contact: Jeremy Lucas 404.239.8626 / jeremy.lucas@statebt.com Fourth Quarter 2015 Highlights State Bank Financial Corporation Reports Fourth Quarter and Full Year 2015 Financial Results

More information

Company Presentation. March 2015

Company Presentation. March 2015 Company Presentation March 2015 Forward-Looking Statements This presentation, including the accompanying oral presentation (collectively, this presentation ), does not constitute an offer to sell or the

More information

Agenda. Forward-looking Statements Denis Jasmin, Vice-President, Investor Relations

Agenda. Forward-looking Statements Denis Jasmin, Vice-President, Investor Relations SECOND QUARTER 2014 Conference Call Notes August 8, 2014 Agenda 2 Forward-looking Statements Denis Jasmin, Vice-President, Investor Relations President and CEO Remarks Robert G. Card, President and Chief

More information

FOR IMMEDIATE RELEASE

FOR IMMEDIATE RELEASE Exhibit 99.1 FOR IMMEDIATE RELEASE FirstMerit Corporation Analysts: Thomas O Malley/Investor Relations Officer Phone: 330.384.7109 Media Contact: Robert Townsend/Media Relations Officer Phone: 330.384.7075

More information

FORACO INTERNATIONAL REPORTS Q3 2014

FORACO INTERNATIONAL REPORTS Q3 2014 NEWS RELEASE FORACO INTERNATIONAL REPORTS Q3 2014 Toronto, Ontario / Marseille, France Tuesday, November 4, 2014 Foraco International SA (TSX:FAR) (the Company or Foraco ), a leading global provider of

More information

State of Small Business Lending: US and UK

State of Small Business Lending: US and UK State of Small Business Lending: US and UK Karen Gordon Mills Senior Fellow, Harvard Business School & Harvard Kennedy School Former Administrator of the U.S. Small Business Administration and Member of

More information

Canada s online lending platform

Canada s online lending platform Canada s online lending platform Transforming the way Canadians access and control credit Mogo Finance Technology Inc. JUNE 2015 DAVID FELLER / FOUNDER & CEO GREG FELLER / PRESIDENT & CFO Forward-Looking

More information

2016 Scotiabank Financials Summit R. Jeffrey Orr President & CEO, Power Financial. September 8, 2016

2016 Scotiabank Financials Summit R. Jeffrey Orr President & CEO, Power Financial. September 8, 2016 2016 Scotiabank Financials Summit R. Jeffrey Orr President & CEO, Power Financial September 8, 2016 Forward Looking Statements In the course of today s meeting, officers of the Corporation may make, in

More information

One of Canada s Fastest Growing Automotive Finance Companies

One of Canada s Fastest Growing Automotive Finance Companies One of Canada s Fastest Growing Automotive Finance Companies This presentation contains forward-looking statements, including, in particular statements about RIFCO s plans, strategies and prospects. These

More information

Thursday July 18, 2013 FOR IMMEDIATE RELEASE

Thursday July 18, 2013 FOR IMMEDIATE RELEASE Thursday July 18, 2013 FOR IMMEDIATE RELEASE Washington Federal Reports Higher Net Income, Announces the Acquisition of 51 Branches in Four States, and Completes Conversion to a National Bank Charter.

More information

The Canada Life Assurance Company ANNUAL REPORT

The Canada Life Assurance Company ANNUAL REPORT The Canada Life Assurance Company 2007 ANNUAL REPORT CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION This report contains some forward-looking statements about the Company, including its business

More information

January 2012 - Investor Presentation

January 2012 - Investor Presentation January 2012 - Investor Presentation Homeowners Choice, Inc., Nasdaq Global Select Market: HCII 1 1 Forward Looking Statements This presentation includes certain forward-looking statements and information,

More information

Empire Company Reports Fiscal 2015 First Quarter Results

Empire Company Reports Fiscal 2015 First Quarter Results FOR IMMEDIATE RELEASE September 10, 2014 Empire Company Reports Fiscal 2015 First Quarter Results Empire Company Limited ( Empire or the Company ) (TSX: EMP.A) today announced financial results for its

More information

Positive 4 th quarter solidifies profitable 2010 for Old National

Positive 4 th quarter solidifies profitable 2010 for Old National FOR IMMEDIATE RELEASE January 31, 2011 Contacts: Media: Kathy A. Schoettlin (812) 465-7269 Executive Vice President Communications Financial Community: Lynell J. Walton (812) 464-1366 Senior Vice President

More information

WESTERN FINANCIAL GROUP REPORTS FIRST QUARTER 2009 RESULTS

WESTERN FINANCIAL GROUP REPORTS FIRST QUARTER 2009 RESULTS For Immediate Release WESTERN FINANCIAL GROUP REPORTS FIRST QUARTER 2009 RESULTS High River, Alberta May 14, 2009, (TSX WES) - Western Financial Group ( the Company ) announced today its operating and

More information

AcuityAds Inc. Condensed Consolidated Interim Financial Statements. Three months ended March 31, 2014 and 2013 (Unaudited)

AcuityAds Inc. Condensed Consolidated Interim Financial Statements. Three months ended March 31, 2014 and 2013 (Unaudited) AcuityAds Inc. Condensed Consolidated Interim Financial Statements Condensed Consolidated Interim Statements of Financial Position March 31, December 31, 2014 2013 Assets Current assets: Cash $ 446,034

More information

APX GROUP HOLDINGS, INC. REPORTS FIRST QUARTER 2015 RESULTS

APX GROUP HOLDINGS, INC. REPORTS FIRST QUARTER 2015 RESULTS APX GROUP HOLDINGS, INC. REPORTS FIRST QUARTER 2015 RESULTS First Quarter 2015 Financial and Portfolio Highlights APX Group Reports Total Revenue of $149.9 Million, up 14.9% Year over Year Adjusted EBITDA

More information

Company Presentation. August 2015

Company Presentation. August 2015 Company Presentation August 2015 Forward-Looking Statements This presentation, including the accompanying oral presentation (collectively, this presentation ), does not constitute an offer to sell or the

More information

MORGAN STANLEY AND CITI TO FORM INDUSTRY-LEADING WEALTH MANAGEMENT BUSINESS THROUGH JOINT VENTURE

MORGAN STANLEY AND CITI TO FORM INDUSTRY-LEADING WEALTH MANAGEMENT BUSINESS THROUGH JOINT VENTURE For Immediate Release MORGAN STANLEY AND CITI TO FORM INDUSTRY-LEADING WEALTH MANAGEMENT BUSINESS THROUGH JOINT VENTURE Combined Firm, to be Called Morgan Stanley Smith Barney, Will Have More Than 20,000

More information

Delivering Innovative Transportation Solutions TSX.V: BUS JUNE 2016

Delivering Innovative Transportation Solutions TSX.V: BUS JUNE 2016 Delivering Innovative Transportation Solutions TSX.V: BUS JUNE 2016 This presentation contains ''forward-looking statements'', which reflect the expectations of management regarding Grande West Transportation

More information

Southern Company to Acquire AGL Resources in $12 Billion Transaction, Creating Leading U.S. Electric and Gas Utility

Southern Company to Acquire AGL Resources in $12 Billion Transaction, Creating Leading U.S. Electric and Gas Utility Southern Company to Acquire AGL Resources in $12 Billion Transaction, Creating Leading U.S. Electric and Gas Utility Creation of new, U.S. leading electric and natural gas utility with approximately nine

More information

TOM FLYNN Executive Vice President - Chief Risk Officer

TOM FLYNN Executive Vice President - Chief Risk Officer 2008 Investor Day Risk Management TOM FLYNN Executive Vice President - Chief Risk Officer April 15 2008 Forward Looking Statements Caution Regarding Forward-Looking Statements Bank of Montreal s public

More information

DISCOVER FINANCIAL SERVICES REPORTS FOURTH QUARTER RESULTS: NET INCOME OF $371 MILLION AND EARNINGS PER SHARE OF $0.63

DISCOVER FINANCIAL SERVICES REPORTS FOURTH QUARTER RESULTS: NET INCOME OF $371 MILLION AND EARNINGS PER SHARE OF $0.63 DISCOVER FINANCIAL SERVICES REPORTS FOURTH QUARTER RESULTS: NET INCOME OF $371 MILLION AND EARNINGS PER SHARE OF $0.63 Riverwoods, IL, Dec. 17, 2009 - Discover Financial Services (NYSE: DFS) today reported

More information

Q1 Specific Provisions for Credit Losses (PCL s) of $180MM for the quarter are within guidance

Q1 Specific Provisions for Credit Losses (PCL s) of $180MM for the quarter are within guidance F I R S T Q U A R T E R 2 0 0 2 RISK REVIEW M. G. Maila Executive Vice President and Head of Risk Management Group Quarterly Investor Presentation February 26, 2002 1 Credit Risk Highlights Q1 Specific

More information

Acquisitions to accelerate expansion in US payments market. 1 July 2014

Acquisitions to accelerate expansion in US payments market. 1 July 2014 Acquisitions to accelerate expansion in US payments market 1 July 2014 Agenda 1. Transaction overview 2. Deal structure & financing 3. Financial position 4. Summary Presentation team Joel Leonoff President

More information

Intertain Group Limited Announces Third Quarter 2015 Financial Results $41.5 million in operating cash flows generated in Q3

Intertain Group Limited Announces Third Quarter 2015 Financial Results $41.5 million in operating cash flows generated in Q3 Intertain Group Limited Announces Third Quarter 2015 Financial Results $41.5 million in operating cash flows generated in Q3 TORONTO, October 29, 2015 - The Intertain Group Limited ( Intertain or the Company

More information

Q1 2012 Earnings Presentation

Q1 2012 Earnings Presentation Q1 2012 Earnings Presentation Three Months Ended March 31, 2012 May 15, 2012 Forward Looking Statements Any statements in this presentation that are not historical or current facts are forward-looking

More information

Brookfield Property Partners Offer to Purchase Any or All Issued and Outstanding Common Shares of Brookfield Office Properties Inc.

Brookfield Property Partners Offer to Purchase Any or All Issued and Outstanding Common Shares of Brookfield Office Properties Inc. Brookfield Property Partners Offer to Purchase Any or All Issued and Outstanding Common Shares of Brookfield Office Properties Inc. Shareholder Q&A Brookfield Property Partners L.P. ( Brookfield Property

More information

MANAGEMENT S DISCUSSION AND ANALYSIS U308 CORP. (A DEVELOPMENT STAGE COMPANY) THREE AND SIX MONTHS ENDED JUNE 30, 2007 (UNAUDITED)

MANAGEMENT S DISCUSSION AND ANALYSIS U308 CORP. (A DEVELOPMENT STAGE COMPANY) THREE AND SIX MONTHS ENDED JUNE 30, 2007 (UNAUDITED) MANAGEMENT S DISCUSSION AND ANALYSIS U308 CORP. THREE AND SIX MONTHS ENDED JUNE 30, 2007 (UNAUDITED) Prepared by: U3O8 Corp. 69 Yonge St. Suite 310 Toronto ON M5E 1K3 www.u3o8corp.com Table of Contents

More information

Brookfield financial Review q2 2010

Brookfield financial Review q2 2010 Brookfield financial Review q2 2010 Overview Operating cash flow and gains totalled $327 million in the second quarter or $0.53 per share compared to $294 million in the prior year. This brings operating

More information

Echelon Insurance Reports First Quarter Results. Net operating income of $0.17 per share compared to $0.30 in the first quarter of 2014.

Echelon Insurance Reports First Quarter Results. Net operating income of $0.17 per share compared to $0.30 in the first quarter of 2014. Echelon Insurance Reports First Quarter Results TORONTO, May 6, 2015 - EGI Financial Holdings Inc. ( Echelon Insurance, Echelon or the Company ) (TSX: EFH), which operates in the property and casualty

More information

Fiera Capital reports strong AUM net inflows for second quarter and increases quarterly dividend to $0.14 per share

Fiera Capital reports strong AUM net inflows for second quarter and increases quarterly dividend to $0.14 per share Fiera Capital reports strong AUM net inflows for second quarter and increases quarterly dividend to $0.14 per share Not for distribution to U.S. news wire services or dissemination in the United States

More information

Virtutone Networks Inc. TSXV: VFX

Virtutone Networks Inc. TSXV: VFX Virtutone Networks Inc. TSXV: VFX Forward looking statement This document may contain certain forward-looking informational statements ( Forward-looking statements ) as defined under applicable securities

More information

Discover Financial Services. Discover Overview. December 2006

Discover Financial Services. Discover Overview. December 2006 Discover Overview December 2006 Legal Notice The information herein contains forward-looking statements, including without limitation statements about the expected effects, timing and completion of the

More information

Scotiabank Financials Summit. September 5, 2013

Scotiabank Financials Summit. September 5, 2013 Scotiabank Financials Summit September 5, 2013 1 1 Disclaimer This presentation provides management with the opportunity to discuss the financial performance and condition of Home Capital Group Inc. and

More information

Thomas A. Bessant, Jr. (817) 335-1100

Thomas A. Bessant, Jr. (817) 335-1100 Additional Information: Thomas A. Bessant, Jr. (817) 335-1100 For Immediate Release ********************************************************************************** CASH AMERICA FIRST QUARTER NET INCOME

More information

RESEARCH IN MOTION REPORTS YEAR-END AND FOURTH QUARTER RESULTS FOR FISCAL 2012

RESEARCH IN MOTION REPORTS YEAR-END AND FOURTH QUARTER RESULTS FOR FISCAL 2012 FOR IMMEDIATE RELEASE March 29, 2012 RESEARCH IN MOTION REPORTS YEAR-END AND FOURTH QUARTER RESULTS FOR FISCAL 2012 Waterloo, ON Research In Motion Limited (RIM) (Nasdaq: RIMM; TSX: RIM), a world leader

More information

NSS Resources Inc. MANAGEMENT DISCUSSION AND ANALYSIS For the year ended June 30, 2015

NSS Resources Inc. MANAGEMENT DISCUSSION AND ANALYSIS For the year ended June 30, 2015 This Management Discussion and Analysis ( MD&A ) of NSS Resources Inc., ( NSS or the Company or the Issuer ) provides an analysis of the Company s performance and financial condition for the 12 months

More information

Analyst Conference Call

Analyst Conference Call 1 st December 2015 Analyst Conference Call Dr Wolfgang Büchele - CEO Disclaimer This presentation contains forward-looking statements about Linde AG ( Linde ) and their respective subsidiaries and businesses.

More information

Royal Bank of Canada

Royal Bank of Canada Royal Bank of Canada RBC to Acquire BlueBay Asset Management Creating a leading global wealth and asset management business October 18, 2010 RBC INVESTOR PRESENTATION 1 Caution regarding forward-looking

More information

FOR IMMEDIATE RELEASE

FOR IMMEDIATE RELEASE FOR IMMEDIATE RELEASE FirstMerit Corporation Analysts: Thomas O Malley/Investor Relations Officer Phone: 330.384.7109 Media Contact: Robert Townsend/Media Relations Officer Phone: 330.384.7075 FirstMerit

More information

Interim Management Discussion and Analysis. For the three and six months ended June 30, 2014

Interim Management Discussion and Analysis. For the three and six months ended June 30, 2014 Interim Management Discussion and Analysis For the three and six months ended June 30, 2014 Dated: August 14, 2014 Trez Capital Senior Mortgage Investment Corporation Interim Management Discussion and

More information

Gruppo MutuiOnline First Half 2011 Results. 11 th August 2011

Gruppo MutuiOnline First Half 2011 Results. 11 th August 2011 Gruppo MutuiOnline First Half 211 Results 11 th August 211 Disclaimer Certain statements contained herein are statements of future expectations and other forward-looking statements. These expectations

More information

CATAMARAN CORPORATION ANNOUNCES RECORD FINANCIAL RESULTS FOR 2014 CATAMARAN TO ACQUIRE HEALTHCARE SOLUTIONS, INC.

CATAMARAN CORPORATION ANNOUNCES RECORD FINANCIAL RESULTS FOR 2014 CATAMARAN TO ACQUIRE HEALTHCARE SOLUTIONS, INC. CATAMARAN CORPORATION ANNOUNCES RECORD FINANCIAL RESULTS FOR 2014 CATAMARAN TO ACQUIRE HEALTHCARE SOLUTIONS, INC. Schaumburg, Illinois, February 26, 2015 - Catamaran Corporation ( Catamaran or the Company

More information

Q2 2012 Financial Results Conference Call

Q2 2012 Financial Results Conference Call Q2 2012 Financial Results Conference Call Conference Call August 9, 2012 1 Cautionary Statement Forward-Looking Statements This presentation may contain certain information that may constitute forward

More information

Snap Interactive, Inc. (OTCQB: STVI) Pro Forma Financial Highlights & Strategy Update December 19, 2016

Snap Interactive, Inc. (OTCQB: STVI) Pro Forma Financial Highlights & Strategy Update December 19, 2016 Snap Interactive, Inc. (OTCQB: STVI) Pro Forma Financial Highlights & Strategy Update December 19, 2016 Safe Harbor This presentation is for discussion purposes only. The material is based upon information

More information

Morgan Stanley Smith Barney Global Wealth Management Joint Venture. Presentation to Investors January 13, 2009

Morgan Stanley Smith Barney Global Wealth Management Joint Venture. Presentation to Investors January 13, 2009 Morgan Stanley Smith Barney Global Wealth Management Joint Venture Presentation to Investors January 13, 2009 Notice Statements about the expected effects, timing, benefits, financial and operating results,

More information

TIGroup Shareholder Update: Fiscal 2008 Major Goals Met or Exceeded. Revenue Run Rate Reaches $40M. Positive 2009 Outlook

TIGroup Shareholder Update: Fiscal 2008 Major Goals Met or Exceeded. Revenue Run Rate Reaches $40M. Positive 2009 Outlook News Release: FOR IMMEDIATE RELEASE TIGroup Shareholder Update: Fiscal 2008 Major Goals Met or Exceeded. Revenue Run Rate Reaches $40M. Positive 2009 Outlook BEVERLY HILLS, Calif. January 13, 2009 -- Tri-Isthmus

More information

News Release For Immediate Release

News Release For Immediate Release News Release For Immediate Release Contact: Thomas Duryea, President and CEO, Summit State Bank (707) 568-4920 Summit State Bank Reports Continued Profitability; Strong Margins and Deposit Growth SANTA

More information

Wealth Management and Securities Services

Wealth Management and Securities Services U.S. Bancorp Investor Day Wealth Management and Securities Services Terry Dolan Vice Chairman September 12, 2013 # Forward-looking Statements and Additional Information The following information appears

More information

Thomas A. Bessant, Jr. (817) 335-1100

Thomas A. Bessant, Jr. (817) 335-1100 Additional Information: Thomas A. Bessant, Jr. (817) 335-1100 For Immediate Release ********************************************************************************** CASH AMERICA FIRST QUARTER NET INCOME

More information

IFMI REPORTS SECOND QUARTER 2015 FINANCIAL RESULTS

IFMI REPORTS SECOND QUARTER 2015 FINANCIAL RESULTS IFMI REPORTS SECOND QUARTER 2015 FINANCIAL RESULTS Second Quarter Adjusted Operating Income of $1.0 Million or $0.05 per Diluted Share Board Declares Dividend of $0.02 per Share Philadelphia and New York,

More information

IGM Financial Inc. 6 Summary of Consolidated Operating Results. Investors Group 13 Review of the Business 18 Review of Segment Operating Results

IGM Financial Inc. 6 Summary of Consolidated Operating Results. Investors Group 13 Review of the Business 18 Review of Segment Operating Results MANAGEMENT S DISCUSSION AND ANALYSIS IGM Financial Inc. 6 Summary of Consolidated Operating Results Investors Group 13 Review of the Business 18 Review of Segment Operating Results Mackenzie 24 Review

More information

TIMIA CAPITAL CORP. (the Company ) (FORMERLY GREENANGEL ENERGY CORP.) MANAGEMENT DISCUSSION AND ANALYSIS in Form 51-102F1 ( MD&A )

TIMIA CAPITAL CORP. (the Company ) (FORMERLY GREENANGEL ENERGY CORP.) MANAGEMENT DISCUSSION AND ANALYSIS in Form 51-102F1 ( MD&A ) TIMIA CAPITAL CORP. (the Company ) (FORMERLY GREENANGEL ENERGY CORP.) MANAGEMENT DISCUSSION AND ANALYSIS in Form 51-102F1 ( MD&A ) The following discussion and analysis is for the three months ended February

More information

AGF MASTER LIMITED PARTNERSHIP ANNUAL INFORMATION FORM

AGF MASTER LIMITED PARTNERSHIP ANNUAL INFORMATION FORM AGF MASTER LIMITED PARTNERSHIP ANNUAL INFORMATION FORM MARCH 31, 2012 TABLE OF CONTENTS CORPORATE STRUCTURE... 2 GENERAL DESCRIPTION OF BUSINESS... 2 DESCRIPTION OF THE BUSINESS... 3 DISTRIBUTIONS... 4

More information

FIERA CAPITAL REPORTS STRONG FISCAL 2015 RESULTS AND INCREASES QUARTERLY DIVIDEND

FIERA CAPITAL REPORTS STRONG FISCAL 2015 RESULTS AND INCREASES QUARTERLY DIVIDEND FIERA CAPITAL REPORTS STRONG FISCAL 2015 RESULTS AND INCREASES QUARTERLY DIVIDEND Not for distribution to US news wire services or dissemination in the United States 17% year-over-year AUM increase, $100

More information

RUNNINGBALL ACQUISITION INVESTOR PRESENTATION

RUNNINGBALL ACQUISITION INVESTOR PRESENTATION RUNNINGBALL ACQUISITION INVESTOR PRESENTATION TRANSACTION HIGHLIGHTS Proposed acquisition of RunningBall group, a leading provider of real-time sports data to the online sports betting sector Consideration

More information

News Release January 28, 2016. Performance Review: Quarter ended December 31, 2015

News Release January 28, 2016. Performance Review: Quarter ended December 31, 2015 News Release January 28, 2016 Performance Review: Quarter ended December 31, 20% year-on-year growth in total domestic advances; 24% year-on-year growth in retail advances 18% year-on-year growth in current

More information

APX GROUP HOLDINGS, INC. REPORTS FIRST QUARTER 2014 FINANCIAL RESULTS

APX GROUP HOLDINGS, INC. REPORTS FIRST QUARTER 2014 FINANCIAL RESULTS APX GROUP HOLDINGS, INC. REPORTS FIRST QUARTER 2014 FINANCIAL RESULTS 1st Quarter Financial Highlights Total revenues of $130.2 million for the first quarter 2014, an increase of 21.8%, compared to $106.9

More information

FOR IMMEDIATE RELEASE. Trinity Industries, Inc. Reports Strong Fourth Quarter and Full Year 2012 Results

FOR IMMEDIATE RELEASE. Trinity Industries, Inc. Reports Strong Fourth Quarter and Full Year 2012 Results NEWS RELEASE Investor Contact: Jessica Greiner Director of Investor Relations Trinity Industries, Inc. 214/631-4420 FOR IMMEDIATE RELEASE Trinity Industries, Inc. Reports Strong Fourth Quarter and Full

More information

Washington Federal Concludes its Fiscal Year with Record Earnings

Washington Federal Concludes its Fiscal Year with Record Earnings Wednesday October 21, 2015 FOR IMMEDIATE RELEASE Washington Federal Concludes its Fiscal Year with Record Earnings SEATTLE, WASHINGTON Washington Federal, Inc. (Nasdaq: WAFD), parent company of Washington

More information

Numerex Reports First Quarter 2015 Financial Results

Numerex Reports First Quarter 2015 Financial Results May 11, 2015 Numerex Reports First Quarter 2015 Financial Results ATLANTA, May 11, 2015 (GLOBE NEWSWIRE) -- Numerex Corp (Nasdaq:NMRX), a leading provider of on-demand and interactive machine-to-machine

More information

Management s Discussion and Analysis

Management s Discussion and Analysis Management s Discussion and Analysis of Financial Conditions and Results of Operations For the quarter and six months ended June 30, 2012 All figures in US dollars This Interim Management s Discussion

More information

SPHERE 3D ENTERS INTO DEFINITIVE MERGER AGREEMENT WITH OVERLAND STORAGE SPHERE 3D ANNOUNCES $10.0 MILLION BOUGHT DEAL FINANCING

SPHERE 3D ENTERS INTO DEFINITIVE MERGER AGREEMENT WITH OVERLAND STORAGE SPHERE 3D ANNOUNCES $10.0 MILLION BOUGHT DEAL FINANCING SPHERE 3D ENTERS INTO DEFINITIVE MERGER AGREEMENT WITH OVERLAND STORAGE SPHERE 3D ANNOUNCES $10.0 MILLION BOUGHT DEAL FINANCING Not for distribution in the United States or through United States wire services

More information

OVID CAPITAL VENTURES INC./ ENTREPRISES OVID CAPITAL INC. CONDENSED INTERIM FINANCIAL STATEMENTS (Unaudited - See Notice to Reader) March 31, 2015

OVID CAPITAL VENTURES INC./ ENTREPRISES OVID CAPITAL INC. CONDENSED INTERIM FINANCIAL STATEMENTS (Unaudited - See Notice to Reader) March 31, 2015 CONDENSED INTERIM FINANCIAL STATEMENTS March 31, MARCH 31, CONTENTS Page NOTICE TO READER 2 FINANCIAL STATEMENTS Unaudited Condensed Interim Statement of Financial Position 3 Unaudited Condensed Interim

More information

Gamenet Group 2014 Nine Months Results

Gamenet Group 2014 Nine Months Results Gamenet Group 2014 Nine Months Results Rome, November 28 th 2014 Disclaimer This presentation includes certain forward looking statements, projections, objectives and estimates reflecting the current views

More information

CERTIVE SOLUTIONS INC. - COMPREHENSIVE CORPORATE UPDATE

CERTIVE SOLUTIONS INC. - COMPREHENSIVE CORPORATE UPDATE FOR IMMEDIATE RELEASE February 26, 2015 CERTIVE SOLUTIONS INC. - COMPREHENSIVE CORPORATE UPDATE Certive Solutions Inc. ( Certive or the Company ) is pleased to provide shareholders with the following comprehensive

More information

The first quarter was highlighted by:

The first quarter was highlighted by: Mercantile Bank Corporation Reports Strong First Quarter 2013 Results Diluted earnings per share increased 79 percent Continued asset quality improvement and outlook remains positive GRAND RAPIDS, Mich.,

More information

Frequently Asked Questions Q3 2006

Frequently Asked Questions Q3 2006 Frequently Asked Questions Q3 2006 1. Were there any unusual or one-time items in your Q3 results? CIBC s reported diluted earnings per share (EPS) for the third quarter were $1.86. Our EPS was increased

More information

McKesson Corporation J.P. Morgan Healthcare Conference

McKesson Corporation J.P. Morgan Healthcare Conference McKesson Corporation J.P. Morgan Healthcare Conference John Hammergren Chairman and Chief Executive Officer January 13, 2015 Forward-Looking Statements Some of the information in this presentation is not

More information

Intertape Polymer Group Reports 2015 First Quarter Results

Intertape Polymer Group Reports 2015 First Quarter Results Intertape Polymer Group Reports 2015 First Quarter Results Net earnings of $11.8 million ($0.19 diluted earnings per share) and Adjusted EBITDA of $23.5 million MONTREAL, QUEBEC and SARASOTA, FLORIDA May

More information

ABENGOA YIELD The sustainable total return company

ABENGOA YIELD The sustainable total return company Abengoa Yield announces second quarter 2015 results and a quarterly dividend above guidance Strong results for the period: Further Adjusted EBITDA including unconsolidated affiliates increased by 93% y-o-y

More information

EMC Insurance Group Inc. Reports 2014 Fourth Quarter and Year-End Results and 2015 Operating Income Guidance

EMC Insurance Group Inc. Reports 2014 Fourth Quarter and Year-End Results and 2015 Operating Income Guidance FOR IMMEDIATE RELEASE Contact: Steve Walsh (Investors) 515-345-2515 Lisa Hamilton (Media) 515-345-7589 EMC Insurance Group Inc. Reports 2014 Fourth Quarter and Year-End Results and 2015 Operating Income

More information