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CIT UPDATE – Cit Group Inc

Cit Group Inc · Feb 11, 2015 · 31 slides

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Slides

  1. CIT UPDATE – Cit Group Inc – slide 1
    CIT Update February 2015
  2. CIT UPDATE – Cit Group Inc – slide 2
    CIT A Unique Franchise and Investment Opportunity Bank Holding Company with 100+ Years Experience Commercial Lending & Leasing Specialist Focus on Small and Mid-Sized Businesses Generate Assets with Strong Yields Strong…
  3. CIT UPDATE – Cit Group Inc – slide 3
    Providing Financial Solutions to Small and Middle Market Companies and the Transportation Sector Transportation & International Finance Leasing and financing solutions for Financing and Leasing Assets(1) Aerospace commercial airlines…
  4. CIT UPDATE – Cit Group Inc – slide 4
    Keys to Success in the Middle Market Consistency Maintain long-term customer relationships Knowledge Deep understanding of our customers business and industry Solutions Address complex financing needs with product…
  5. CIT UPDATE – Cit Group Inc – slide 5
    Executing on our Priorities to Enhance Return on Equity Strong Commercial Franchises Transportation & International Finance 16% y/y growth Grow Existing Businesses North American Commercial Finance 8% y/y growth Adjacencies…
  6. CIT UPDATE – Cit Group Inc – slide 6
    Business Update
  7. CIT UPDATE – Cit Group Inc – slide 7
    Transportation & International Finance - At a Glance Transportation & International Finance 19.0B Assets (1) (14.7B Operating Leases & 3.6B Loans ex. HFS) Aerospace Maritime International Rail Commercial Finance Finance Business…
  8. CIT UPDATE – Cit Group Inc – slide 8
    High Quality Fleets Commercial Air Rail Operating lease fleet of 279 aircraft Total leased fleet of 120,000 railcars Young, fuel-efficient and technologically North America 110,000 railcars & advanced aircraft 390 locomotives…
  9. CIT UPDATE – Cit Group Inc – slide 9
    Strong Order Book 14B of Transportation Equipment on Order Ensures access to current and in-demand equipment/technologies Order Book Provides predictable growth Is a Strengthens relationship with manufacturers and clients Key Value…
  10. CIT UPDATE – Cit Group Inc – slide 10
    Proven Asset Managers Commercial Air Rail 100% 100% 100% 100% 99% 98% 98% 99% 99% 97% High 98% 99% 95% 94% Utilization Seasoned Rate Team Disciplined Underwriting 189% Strong Proactive Residual 149% Management…
  11. CIT UPDATE – Cit Group Inc – slide 11
    Maritime Finance: Seizing a Growth Opportunity Overview Focus Attractive Opportunity Select experienced owners Asset values and earnings remain at cyclical lows and quality operators and vessels Limited competition from banks and new…
  12. CIT UPDATE – Cit Group Inc – slide 12
    Transportation & International Finance Portfolio Assets (B) Pre-tax Income (M)* Pre-tax Return on Assets* 19.0 578 605 3.7% 16.4 466 3.3% 3.3% 14.9 2012 2013 2014 2012 2013 2014 2012 2013 2014 16% year over year asset…
  13. CIT UPDATE – Cit Group Inc – slide 13
    North American Commercial Finance - At a Glance Corporate Real Estate Equipment Commercial Finance Finance Finance Services 6.9B 1.8B 5.0B 2.6B Products Cash Flow Lending Investment Lease-Up Equipment Loans Factoring Services…
  14. CIT UPDATE – Cit Group Inc – slide 14
    Corporate Finance: Leveraging Industry Expertise Customer Profile Portfolio Industry Diversification 500 customers Manufacturing 8% Energy & Utilities Customer EBITDA: 10M-50M 3% 21% 4% Service Industries Customer revenues:…
  15. CIT UPDATE – Cit Group Inc – slide 15
    Real Estate Finance: Focused on Specific Geographies and Sectors Transaction Types Business Growth from Inception 15M - 50M+ typical deal size ( Billions) 1.6 1.6 1.7 1.8 1.8 1.2 1.3 Primarily floating rate lending 1.0 Typical term…
  16. CIT UPDATE – Cit Group Inc – slide 16
    Equipment Finance: Customized Financing Solutions (1) Capital Equipment Finance Small Ticket Equipment Finance (2) Small- and Mid-Ticket equipment leasing Large Ticket equipment financing of with tailored programs for manufacturers,…
  17. CIT UPDATE – Cit Group Inc – slide 17
    Direct Capital: A Leading Technology Driven Lender Key Highlights Innovative Technology Driven Processes Commercial Focus Facilitates increased SMB (1) sales for partners with speed, control, and visibility Approximately 0.6B in…
  18. CIT UPDATE – Cit Group Inc – slide 18
    Commercial Services: Market Leader for Factoring Services Provides Credit Protection, Receivables Management and Working Capital Client Profile 2014: 27B in Factored Volume Over 700 clients Most are privately held General…
  19. CIT UPDATE – Cit Group Inc – slide 19
    North American Commercial Finance Portfolio Assets (B) Pre-tax Income (M)* Pre-tax Return on Assets* 703 6.2% 16.2 15.0 13.3 373 319 2.9% 2.2% 2012 2013 2014 2012 2013 2014 2012 2013 2014 8% year over year asset growth…
  20. CIT UPDATE – Cit Group Inc – slide 20
    Our 2015 Priorities: Focus on Creating Long-Term Value Expand Commercial Close and integrate OneWest Banking Franchise Enhance Commercial Banking services Maintain credit discipline focused on risk adjusted returns Maintain Strong…
  21. CIT UPDATE – Cit Group Inc – slide 21
    Financial Update
  22. CIT UPDATE – Cit Group Inc – slide 22
    Pre-Tax ROA Meeting Near-term Target ( Millions) Full Year 2014 Commercial Franchises (1) + Portfolio Repositioning (3) Total CIT CIT Corporate (2) Pre-tax income: 799 Pre-tax Income Pre-tax income: 681 Pre-tax ROAEA: 2.5%…
  23. CIT UPDATE – Cit Group Inc – slide 23
    Portfolio Trends (Continuing Operations) ( Billions) Total Assets 60.0 50% 47.9 50.0 43.3 44.9 44.2 46.5 % to Total Assets 45% CIT Bank Assets Total Assets 40.0 18.3 20.3 21.1 40% 16.1 16.8 30.0 35% 20.0 27.2 28.1…
  24. CIT UPDATE – Cit Group Inc – slide 24
    Adjusted Net Finance Margin (1) Trend 6% Near-term outlook : 3.75%-4.25% of AEA 5% 4.29% 4.26% 4.26% 4.34% 4.01% 4% As % of AEA 3% 2% 4.14% 3.91% 4.00% 4.06% 4.04% 1% 0% 4Q '13 1Q '14 2Q '14 3Q '14 4Q '14 Net…
  25. CIT UPDATE – Cit Group Inc – slide 25
    Asset Quality Trends (Continuing Operations) ( Millions) Non-accrual Loans & Net Charge-offs 300 1.5% Net Charge-offs % to AFR 241 Non accrual Loans 250 218 1.2% 190 201 200 161 0.9% 150 0.8% 0.6% 100 0.5% 0.5%…
  26. CIT UPDATE – Cit Group Inc – slide 26
    Other Income Trends Components (Continuing Operations) ( Millions) Other Income Near-term outlook : Key Drivers 145 0.75%-1.00% of AEA Line Item 1.5% 120 Factoring Factoring Volume and Mix Commissions Commission Rates 95 1.0%…
  27. CIT UPDATE – Cit Group Inc – slide 27
    Operating Expenses (1) Trends (Continuing Operations) ( Millions) Near-term outlook : 2.00%-2.50% of AEA 400 3.5% (1) 350 2.87% 3.0% 2.79% 2.86% 2.64% 2.63% % to AEA ex. Restructuring Charges 300 284 2.5% 252 Operating…
  28. CIT UPDATE – Cit Group Inc – slide 28
    Profitability Metrics (1) FY14 Near-term Outlook Comments Benefiting from elevated interest recoveries, suspended Net Finance depreciation and strong utilization 4.23% 3.75% - 4.25% Margin (2) Expect to trend to middle of the target…
  29. CIT UPDATE – Cit Group Inc – slide 29
    29
  30. CIT UPDATE – Cit Group Inc – slide 30
    Appendix
  31. CIT UPDATE – Cit Group Inc – slide 31
    Appendix CIT Investor Relations Key Contacts Barbara Callahan Senior Vice President 973-740-5058 barbara.callahancit.com Paulenier Sims Director 973-597-2622 paulenier.simscit.com 31

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