Finance of America Companies Inc. · NYSE:FOA
Finance of America Companies — Q3 2026 Earnings Presentation
14 slides from Finance of America Companies's earnings presentation, Nov 3, 2026
Slide 1: Q3 2026 Earnings Presentation
AMERICA’S LEADING REVERSE MORTGAGE PLATFORM Q3 2026 Earnings Presentation UPDATED NOVEMBER 3, 2026
Slide 2: Disclaimer
Disclaimer 2 Forward-Looking Statements Non-GAAP Financial Measures This presentation contains forward-looking statements within the meaning of the “safe harbor” provisions of The Company’s management evaluates performance of the Company through the use of certain financial the United States of Amer
Slide 3: Today's Speakers
Today’s Speakers 3 Graham Fleming Kristen Sieffert Matt Engel • Chief Executive Officer • President since 2023 • Chief Financial Officer since 2023 _ since 2023 • 12+ years with FOA • 14+ years with FOA • 3+ years with FOA • 31+ years in mortgage • 20+ years in reverse • 35+ years in financial lendi
Slide 4: Investment Highlights
4 • #1 reverse mortgage platform with ~36% market share1 • Proprietary products expanding market and accelerating adoption Investment • $15.3T home equity opportunity driven by aging demographics2 Highlights • Productivity enhancements powering continued volume growth • Continued cash generation dri
Slide 5: Third Quarter and Year-To-Date 2026 Highlights
5 Third Quarter and Year-To-Date 2026 Highlights FINANCIAL RESULTS RETIREMENT SOLUTIONS PORTFOLIO MANAGEMENT CAPITAL & LIQUIDITY YTD 2026 GAAP Net Loss: Q3 2026 Submission Volume: Successfully onboarded and Q3 2026: $29 million in cash $103 million ($3.49/share) $1.1 billion (+20% YoY) integrated On
Slide 6: Large Addressable Market Driving Long-Term Growth
6 Large Addressable Market Driving Long-Term Growth Use Cases • Reduce monthly housing costs $15.3 Trillion • Access liquidity without selling home Home equity held by seniors1 • Fund retirement, healthcare, home improvements and legacy planning Market Tailwinds • Seniors growing twice as fast as ov
Slide 7: Different Demand. Different Growth Trajectory.
Different Demand. Different Growth Trajectory. 180 FOA Originations vs. Forward Mortgage Industry (MBA) 177 17% vs. 6% Annualized Origination Growth 162 FOA vs. Forward Mortgage Industry | 2024-2027E 160 146 140 124 +62% to +77% FOA Cumulative Volume Growth 120 125 118 2024-2027E | Based on 2027 out
Slide 8: Operational Improvements Driving Higher Production
8 Operational Improvements Driving Higher Production 21% Annualized Growth Rate Submission Volume ($ millions) 3,395 2,809 2,300 • Submission volume exceeded $1B in the third quarter. 3,004 • Since 2023, submissions have grown by 21% annually, reflecting FY 2023 FY 2024 FY 2025 FY 2026E continued de
Slide 9: More Production from Existing Demand
9 More Production from Existing Demand Retail Opportunity Retail Submission Retail Funded Loan Count Count Count -12% +2% +9% DECREASE INCREASE INCREASE 1,378 13,023 2,006 1,972 1,268 11,397 Q2 2026 Q3 2026 Q2 2026 Q3 2026 Q2 2026 Q3 2026 ACCELERATING OPERATING LEVERAGE: Funded Volume per Loan Offic
Slide 10: Financial Summary
10 Financial Summary % Change ($ Millions, except per share metrics) 1 Q3 2026 Q2 2026 YTD 2026 YTD 2025 Q3 v Q2 YTD v YTD ADJUSTED NET INCOME Retirement Solutions 9 15 38 44 -40% -14% Portfolio Management 11 18 57 66 -39% -14% Corporate & Other (14) (13) (44) (51) -8% 14% ADJUSTED NET INCOME2 6 19
Slide 11: The Business Continues to Generate Cash
11 The Business Continues to Generate Cash ($ millions) $5 $118 $29 $1 • Cash and cash equivalents grew $33 million during the third quarter, reflecting continued strong cash $85 generation • Cashflows from Originations and Capital Markets Activities totaled $29 million in the third quarter • Combin
Slide 12: Looking Ahead
12 Looking Ahead • Growing demand and normalized revenue margin in Retirement Solutions • Portfolio Management expected to contribute stable yield on growing portfolio • Investments in Marketing and Technology produce anticipated returns • Internal capital generation supports continued deleveraging
Slide 13: Let's Unlock America's Greatest Retirement Asset
Let’s Unlock America’s Greatest Retirement Asset For more information, visit us online: IR.FinanceOfAmericaCompanies.com Or email us at: [email protected]
Slide 14: Non-GAAP Reconciliation
14 Non-GAAP Reconciliation ($ Millions) 1 Q3 2026 Q2 2026 YTD 2026 YTD 2025 Adjusted Net Income Reconciliation Net income (loss) (110) (29) (103) 131 Add back: (Provision) benefit for income taxes 20 42 62 (4) Pre-tax income (loss) (130) (71) (165) 135 Changes in fair value2 125 84 193 (91) Amortiza
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