Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Q1 2023 Earnings Conference Call May 4, 2023 8:30 AM ET Company Participants Randy Chrisman - Chief Marketing Officer Sreeni Prabhu - Chief Executive Officer Brandon Filson - Chief Financial Officer Conference Call Participants Don Fandetti - Wells Fargo Operator Good morning, and welcome to the Angel Oak Mortgage REIT First Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note, this event is being r ...

Financial Performance - Angel Oak Mortgage REIT, Inc. reported a total revenue of $XX million for the fiscal year, reflecting a YY% increase compared to the previous year[1]. - Future guidance indicates a projected revenue growth of II% for the next fiscal year, driven by strategic acquisitions and market expansion[9]. Loan Portfolio and Acquisitions - The company acquired $ZZ million in non-QM loans during the year, contributing to a total loan portfolio of $AA billion, which represents a BB% growth year-over-year[2]. - The average loan-to-value (LTV) ratio for new loans issued was CC%, indicating a stable risk profile in the current market[3]. - The investment strategy focuses on credit-sensitive investments in newly-originated first lien non-QM loans, primarily sourced from Angel Oak Mortgage Lending[30]. - The company's portfolio strategy focuses on credit-sensitive investments in newly-originated first lien non-QM loans, primarily sourced from Angel Oak Mortgage Lending[38]. Distribution and Payout Strategy - The company anticipates a distribution of $DD per share for the upcoming quarter, maintaining a consistent payout strategy[4]. Market Expansion and Strategy - Angel Oak plans to expand its market presence by entering into new geographic regions, targeting an increase in market share by EE% over the next year[5]. - The management highlighted a focus on securitization transactions, with expectations to execute deals worth $GG million in the next fiscal period[7]. - The company is exploring potential merger and acquisition opportunities to enhance its asset base and diversify its investment portfolio[10]. Risk Management and Financial Strategy - The company reported a decrease in default rates to HH%, reflecting improved borrower performance and risk management strategies[8]. - The company may utilize various derivative instruments and hedging strategies to mitigate interest rate and credit risks[31]. - The company faces risks from adverse financial market conditions, interest rate volatility, and changes in governmental regulations[7]. - The company is subject to risks related to the performance and liquidity of borrowers, as well as potential increases in default rates on investments[6]. Asset Management and Structure - As of December 31, 2022, the company had total assets of approximately $2.9 billion, primarily consisting of a portfolio of non-QM loans and other target assets[38]. - The financing strategy includes using loan financing lines for acquiring mortgage loans and securing long-term securitization funding[39]. - The company employs a flexible leverage strategy, which may vary based on market conditions and portfolio characteristics[41]. - The company employs short-term repurchase facilities to borrow against U.S. Treasury Securities and other securities in accordance with its investment guidelines[40]. Regulatory Compliance - The company intends to maintain its qualification as a REIT under the Internal Revenue Code and avoid regulation as an investment company under the Investment Company Act[28]. - The investment guidelines prohibit investments that would jeopardize REIT qualification or trigger investment company regulation[32]. - The company's strategy is adaptable to changing market environments while maintaining REIT qualification and exclusion from investment company regulation[36]. Competition and Market Environment - The company competes with various institutional investors, including other REITs and specialty finance companies, which may affect investment opportunities[42]. - Changes in the financial regulatory regime could allow banks and other financial institutions to compete for previously unavailable investment opportunities[43]. Company Structure and Operations - The company has no employees; all executive officers and personnel are employees of its external manager[44]. - The company commenced operations in September 2018 and completed its IPO on June 21, 2021, trading on the NYSE under the symbol "AOMR"[27]. - The company has elected to be taxed as a REIT for U.S. federal income tax purposes since the taxable year ended December 31, 2019[28]. - The company has participated in nine rated securitization transactions since its operations began in September 2018[38]. - The investment guidelines may be amended by the Board of Directors without prior notice to stockholders[35].

Angel Oak Mortgage, Inc. Fourth Quarter and Fiscal Year 2022 Earnings Supplement Important Notices References in this presentation to "we," "us," "our," "AOMR" and the "Company" refer toAngel Oak Mortgage, Inc., a Maryland corporation, its operating partnership and their subsidiaries; the term "Manager" refers to Falcons I, LLC, our external manager; the term "Añgel Oak Capital" refers to Añgel Oak Capital Advisors, LLC; the term "Añgel Oak refers collectively to Angel Oak Mortgage Solutions, Angel Oak Home ...

Angel Oak Mortgage, Inc. (NYSE:AOMR) Q4 2022 Earnings Conference Call March 9, 2023 8:30 AM ET Company Participants Randy Chrisman - Chief Marketing and Corporate Investor Relations Officer Sreeni Prabhu - CEO Brandon Filson - CFO Namit Sinha - Co-Chief Investment Officer Conference Call Participants Chris Kotowski - Oppenheimer Don Fandetti - Wells Fargo Matthew Howlett - B. Riley Operator Greetings and welcome to Angel Oak Mortgage Fourth Quarter Earnings Call. At this time all participants are in a liste ...

Angel Oak Mortgage, Inc. (NYSE:AOMR) Q3 2022 Earnings Conference Call November 8, 2022 8:30 AM ET Company Participants Randy Chrisman - Chief Marketing and Corporate Investor Relations Officer Sreeni Prabhu - Chief Executive Officer Brandon Filson - Chief Financial Officer Namit Sinha - Co-Chief Investment Officer Conference Call Participants Donald Fandetti - Wells Fargo Matthew Howlett - B. Riley Derek Hewett - Bank of America Operator Greetings and welcome to Angel Oak Mortgage Third Quarter Earnings Con ...

Angel Oak Mortgage, Inc. (NYSE:AOMR) Q2 2022 Earnings Conference Call August 9, 2022 5:00 PM ET Company Participants Randy Chrisman - Chief Medical Officer Robert Williams - Chief Executive Officer Brandon Filson - Chief Financial Officer Namit Sinha - Co-Chief Investment Officer Conference Call Participants Don Fandetti - Wells Fargo Chris Kotowski - Oppenheimer & Co. Matthew Howlett - B. Riley Operator Greetings and welcome to the Angel Oak Mortgage Second Quarter Earnings Call. At this time all participa ...