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Q2 2015 CONFERENCE CALL – Harbinger Group Inc.

Harbinger Group Inc. · May 8, 2015 · 23 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q2 2015 CONFERENCE CALL – Harbinger Group Inc. – slide 1
    Private & Confidential May 8th, 2015 2nd Quarter Conference Call
  2. Q2 2015 CONFERENCE CALL – Harbinger Group Inc. – slide 2
    Private & Confidential Agenda Quarterly Overview & Operating Highlights Omar Asali, President and CEO Financial Highlights Tom Williams, Chief Financial Officer (NYSE: HRG) 2
  3. Q2 2015 CONFERENCE CALL – Harbinger Group Inc. – slide 3
    Private & Confidential Quarterly Overview & Operating Highlights Omar Asali
  4. Q2 2015 CONFERENCE CALL – Harbinger Group Inc. – slide 4
    Private & Confidential HRG Summary Operating results this Consolidated results performed within expectations quarter were in-line with our expectations Impact of macro-economic headwinds have largely been addressed or mitigated…
  5. Q2 2015 CONFERENCE CALL – Harbinger Group Inc. – slide 5
    Private & Confidential HRG State of the Business Debt1: 1.4BN Consolidated Assets2: 31.5BN Cash and Investments3: 252.6MM Consumer Insurance & Energy Asset Management Other Products Reinsurance Continue to expect…
  6. Q2 2015 CONFERENCE CALL – Harbinger Group Inc. – slide 6
    Private & Confidential Consumer Products Spectrum continues to Continue to expect 6th consecutive year of record financial performance execute against its Good first half performance; even stronger second half expected business…
  7. Q2 2015 CONFERENCE CALL – Harbinger Group Inc. – slide 7
    Private & Confidential Consumer Products Spectrum has a Announced definitive agreement to acquire Armored AutoGroup for 1.4 billion in cash superior track record of and assumed debt identifying highly- attractive, accretive…
  8. Q2 2015 CONFERENCE CALL – Harbinger Group Inc. – slide 8
    Private & Confidential Insurance Segment Our Insurance FGLs investment portfolio continues to perform very well: Segment is very Average yield on assets purchased: 4.7% healthy, being exceptionally well- Average yield on…
  9. Q2 2015 CONFERENCE CALL – Harbinger Group Inc. – slide 9
    Private & Confidential Energy Segment Our Energy Segment is Performance continues to be affected by the severe decline in commodity pricing: comprised of long- Average sales price of oil and gas liquids down 53% and 55%,…
  10. Q2 2015 CONFERENCE CALL – Harbinger Group Inc. – slide 10
    Private & Confidential Asset Management We have taken steps Quarterly results affected by RadioShack bankruptcy this quarter to simplify Impairment due to lower-than-expected recovery on collateralized assets our focus in Asset…
  11. Q2 2015 CONFERENCE CALL – Harbinger Group Inc. – slide 11
    Private & Confidential Our Path Forward in 2015 NEAR-TERM INTERMEDIATE-TERM LONGER-TERM Have Board authorization to FGL exploring options to If a transaction at FGL is participate in Spectrum equity maximize shareholder value…
  12. Q2 2015 CONFERENCE CALL – Harbinger Group Inc. – slide 12
    Private & Confidential Financial Highlights Tom Williams
  13. Q2 2015 CONFERENCE CALL – Harbinger Group Inc. – slide 13
    Private & Confidential 2Q Revenue Highlights REVENUES (in millions) Consumer Products1 Energy2 Consolidated revenues of 1.37 billion at HRG 1,122 Reported revenue 50+% declines in oil increased 4.4% and natural gas…
  14. Q2 2015 CONFERENCE CALL – Harbinger Group Inc. – slide 14
    Private & Confidential Significant Items Impacting Results In 2013, Salus RadioShack bankruptcy filing originated a term loan Extent of the recovery of our investment depends on the proceeds realized in asset sales as to…
  15. Q2 2015 CONFERENCE CALL – Harbinger Group Inc. – slide 15
    Private & Confidential 2Q Profitability Highlights PROFITABILITY MEASURES1, (in millions) Consumer Products (Adjusted EBITDA)2 Energy (Adjusted EBITDA)3 Consolidated operating income of 78 million Strong year-over- Lower…
  16. Q2 2015 CONFERENCE CALL – Harbinger Group Inc. – slide 16
    Private & Confidential Capital Structure Update Our capital structure, HRG has received 37.0 million in dividends* from its subsidiaries this fiscal year and our relationships We continue to expect approximately 77 million** in…
  17. Q2 2015 CONFERENCE CALL – Harbinger Group Inc. – slide 17
    Private & Confidential 2Q 2015 Sum of the Parts Valuation (Dilutive) without AOCI SUM OF THE PARTS VALUATION ESTIMATED VALUE VS. COMMON STOCK PRICE () As of the close of the 0.90 -6.89 second quarter, the 1.89 0.01 0.08 estimated…
  18. Q2 2015 CONFERENCE CALL – Harbinger Group Inc. – slide 18
    Private & Confidential Questions and Answers
  19. Q2 2015 CONFERENCE CALL – Harbinger Group Inc. – slide 19
    Private & Confidential May 8th, 2015 2nd Quarter Conference Call
  20. Q2 2015 CONFERENCE CALL – Harbinger Group Inc. – slide 20
    Private & Confidential Appendix
  21. Q2 2015 CONFERENCE CALL – Harbinger Group Inc. – slide 21
    Private & Confidential Reconciliation of Adjusted EBITDA of Consumer Products Segment to U.S. GAAP Net Income (Unaudited) RECONCILIATION OF ADJUSTED EBITDA OF CONSUMER PRODUCTS SEGMENT TO U.S. GAAP NET INCOME (UNAUDITED) Fiscal…
  22. Q2 2015 CONFERENCE CALL – Harbinger Group Inc. – slide 22
    Private & Confidential Reconciliation of Adjusted EBITDA of Energy Segment to U.S. GAAP Net Loss (Unaudited) RECONCILIATION OF ADJUSTED EBITDA OF ENERGY SEGMENT TO U.S. GAAP NET LOSS (UNAUDITED) Fiscal Quarter (a) Fiscal Six…
  23. Q2 2015 CONFERENCE CALL – Harbinger Group Inc. – slide 23
    Private & Confidential Reconciliation of Adjusted Operating Income of Insurance Segment to U.S. GAAP Net (Loss) Income (Unaudited) RECONCILIATION OF ADJUSTED OPERATING INCOME OF INSURANCE SEGMENT TO U.S. GAAP NET (LOSS) INCOME…

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