Cautionary Statement Regarding Forward-Looking Statements The following slides are part of a presentation by Synchrony Financial in connection with reporting quarterly financial results and should be read in conjunction with the earnings release and financial supplement included as exhibits to our Current Report on Form 8-K filed today and available on our website (www.investors.synchrony.com) and the SEC's website (www.sec.gov). All references to net earnings and net income are intended to have the same me ...

华夏时报（www.chinatimes.net.cn）记者 付乐 北京报道 2024年消费金融行业调整加速，出现龙头增速放缓，腰部机构逆势突围的态势。 曾经领跑的头部机构，2024年业绩均出现了不同程度的下滑。与此同时，中邮消费金融、海尔消费金融、杭银消 费金融、宁银消费金融等业绩普遍上涨。 4月21日，博通分析金融行业资深分析师王蓬博对《华夏时报》记者表示，2024年消金行业可以说是"头部缩表、 腰部赶超"，整体业绩两极分化特征明显，部分头部公司出现营收净利"双降"，市场竞争激烈，自身获客成本逐年 高企，宏观经济波动导致中低收入客群偿债能力下降。 冰火两重天 最新财报显示，头部机构增速放缓引发市场关注。 从中国联通发布的财报看，招联消费金融2024年营业收入、净利润同比均出现下降。 中银消费金融净利润同样遭遇断崖式下跌。2024年末，中银消费金融注册资本15.14亿元，资产总额791.51亿元， 净资产90.86亿元；全年实现净利润0.45亿元，相比2023年的5.37亿元，同比下滑约91.62%。 海尔消费金融相关负责人对本报记者表示，2024年依托股东资源，海尔消费金融进一步优化业务结构，聚焦家 电、家 ...

Group 1 - Synchrony has announced a multi-year extension of its agreement to manage the credit programs for American Eagle Outfitters, enhancing the consumer financing experience for customers [1][3] - The Real Rewards credit card allows customers to earn rewards when shopping at American Eagle and Aerie, both online and in-store, with the Visa version usable anywhere Visa is accepted [3] - The Real Rewards program has been recognized as one of America's Best Loyalty Programs by Newsweek for five consecutive years, and the Real Rewards Credit Card was named Money's Best Retail Credit Card: In-Store Rewards for 2025 [4] Group 2 - Synchrony is a leading consumer financing company that has been serving the needs of people and businesses for nearly 100 years, providing access to credit and banking products [5] - American Eagle Outfitters, Inc. is a global specialty retailer with a portfolio of brands that promote inclusivity and authenticity, offering high-quality products [6] - AEO operates stores in the United States, Canada, and Mexico, and has a strong e-commerce presence across its brands [7]

NEW YORK, April 8, 2025 /PRNewswire/ -- OneMain Holdings, Inc. (NYSE: OMF), the leader in offering nonprime consumers responsible access to credit, plans to report its first quarter 2025 results before the market opens on Tuesday, April 29, 2025. The earnings release will be available on OneMain's investor relations website at http://investor.onemainfinancial.com.A conference call to discuss the company's results, outlook and related matters will be held that morning at 9:00 a.m. Eastern. The general public ...

Financial Data and Key Metrics Changes - Total revenue for 2024 reached RMB 30.1 billion, up 4% year-over-year [12] - Net income for the fourth quarter was RMB 681 million, representing a 29% increase year-over-year [41] - The leverage ratio improved to around 3x, indicating potential growth opportunities as the macroeconomic environment stabilizes [42] Business Line Data and Key Metrics Changes - Transaction volume in China grew by 5% year-over-year, while international markets saw a rapid growth of around 28% [9] - Revenue from international operations rose 19% year-over-year to RMB 2.5 billion, accounting for close to 20% of total revenue for 2024 [12] - The Philippines transaction volume reached RMB 3.1 billion for the year, up 138% year-over-year [38] Market Data and Key Metrics Changes - Indonesia's economy grew over 5% in 2024, driven by increased household spending and investment [32] - The Philippines achieved an economic growth rate of 5.6% for 2024, with a significant increase in final consumption expenditure [37] - The consumer confidence index in Indonesia remained above 120 for two consecutive years, indicating strong market conditions [32] Company Strategy and Development Direction - The company aims to achieve 50% of revenue from international markets by 2030, with a strong focus on expanding operations in Indonesia, the Philippines, and Pakistan [17][46] - The company has expanded its regulatory license portfolio in key markets, enhancing customer outreach and product offerings [11] - A commitment to innovation is emphasized, with significant investments in R&D and AI technology to improve operational efficiency [14][15] Management's Comments on Operating Environment and Future Outlook - Management noted that despite macroeconomic uncertainties in China, operations in Indonesia and the Philippines have benefited from favorable conditions [8] - The company expects total revenue to increase between 10% to 15% in 2025, with international revenue contribution projected to rise to around 25% [19][46] - Management expressed optimism regarding consumer demand recovery and regulatory support for the consumer finance sector [68] Other Important Information - The company returned over USD 160 million to shareholders in 2024, consisting of USD 70 million in dividends and USD 90 million through share repurchases [45] - The Board of Directors approved a revised dividend policy to increase the payout ratio to between 20% to 30% of net income for 2025 onwards [44][56] Q&A Session Summary Question: International business operating cost and expected growth - Management indicated that operational costs for international segments will decrease as business matures, with expected profit from Indonesia to at least double in 2025 [51][53] Question: Shareholder return policy - The company aims to deliver long-term sustainable returns, with a total capital return of USD 160 million in 2024, representing almost 49% of net profit [56][57] Question: User demand recovery and loan guidance for 2025 - Management observed a recovery trend in consumer demand in Q4 2024, with expectations for continued growth in 2025 supported by government measures [64][68] Question: AI development and operational efficiency - The company is integrating AI into various business processes, which has led to significant cost reductions and improved customer service capabilities [70][74] Question: International market expansion strategy - The company achieved significant milestones in Indonesia and the Philippines, with plans to accelerate operations in Pakistan in 2025 [81][85]

Financial Data and Key Metrics Changes - In Q4 2024, net revenue increased by 167% to $7.2 million compared to Q4 2023, with $3.5 million from the fintech segment, $0.6 million from the marketplace, and $3.1 million from EveryLife [41] - For the full year 2024, net revenue reached $23.2 million, a 308% increase over 2023, with fintech contributing $10.1 million, marketplace revenue at $2.9 million, and brands revenue at $10.2 million [42] - Gross margin improved significantly from 33% in 2023 to 61% in 2024 [43] Business Line Data and Key Metrics Changes - The fintech segment generated $10.1 million in revenue from the acquisition date of March 13 through the end of the year, with pro forma revenue estimated at $13 million if the acquisition had occurred on January 1 [42] - EveryLife brand experienced a remarkable 276% year-over-year revenue growth, driven by a 76% increase in subscribers and a significant expansion of the ambassador program [16][18] - The marketplace saw a 34% increase in orders year-over-year during the holiday season, with conversion rates more than doubling despite reduced marketing spend [15] Market Data and Key Metrics Changes - The company secured payment processing contracts in 2024 that could potentially result in over $1 billion in annualized GMV [13] - The average order value in the buy now, pay later business was $1,194, significantly higher than competitors, with a 29% reduction in year-over-year delinquencies and a 27% reduction in charge-offs [14] Company Strategy and Development Direction - The company aims to double revenue year-over-year in 2025, focusing on monetizing efforts from 2024 and expanding the fintech division [20][21] - A strategic emphasis will be placed on integrating marketplace merchants into the fintech platform, enhancing the synergy between divisions [29][60] - The marketplace will prioritize American-made products, positioning itself competitively in an economy favoring domestic manufacturing [30][31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning to benefit from the increasing American-first sentiment in the economy, viewing tariffs as advantageous [48] - The company is focused on achieving positive unit economics across all divisions and anticipates breaking even on cash flow in 2025 [72][76] - Management highlighted the importance of leveraging cash for growth while balancing profitability, indicating a strong pipeline in the fintech business [73][75] Other Important Information - The company ended 2024 with cash and cash equivalents of $36.3 million and a principal balance of $3.8 million on its revolving line of credit [43] - The company is exploring cryptocurrency payment options but has no immediate announcements [101][102] Q&A Session Summary Question: Can PSQ Holdings become a competitive cornerstone in the marketplace like Amazon? - Management believes tariffs will benefit the business, positioning it well to capitalize on the American-first sentiment [48] Question: What is the composition of the $2.5 billion in signed GMV and the timeline for revenue manifestation? - The signed GMV includes a mix of merchants, primarily from the firearms industry and other sectors, with onboarding expected to continue into Q1 and Q2 2025 [55][56] Question: What are the biggest cost drivers impacting margins and plans for operational efficiency? - Significant restructuring has led to lower operating expenses year-over-year, with improved margins across divisions due to strategic changes [95][96] Question: What are the primary growth strategies for the next few years? - The company aims to double revenue driven by the fintech segment, with a focus on integrating marketplace and fintech operations [105][106]

Core Insights - Tower Loan is launching an innovative mobile app in Q2 2025 to enhance the loan process and assist customers in managing their finances more effectively [1][4] Group 1: Mobile App Features - The app will allow customers to apply for loans with just a few taps, simplifying the application process [2] - It will provide tools for customers to assess and choose the best loan options, along with easier payment methods including recurring payment options and timely reminders [2][3] - The app will also include financial literacy resources, tips, and courses aimed at improving users' financial skills, particularly benefiting younger customers [3] Group 2: Company Commitment - Tower Loan's CTO emphasized the app as the beginning of continuous innovation to better serve customers and positively impact their financial journeys [3] - The CEO highlighted the app's role in empowering customers throughout their financial journey, from loan application to financial education [4] Group 3: Company Background - Tower Loan is a portfolio company of Prospect Capital Corporation, which has total assets of $7.2 billion as of December 31, 2024 [5]

Summary of OneMain Financial Conference Call Company Overview - **Company**: OneMain Financial - **Industry**: Consumer Finance - **Focus**: Providing personal loans, auto loans, and credit cards primarily to non-prime customers [2][5] Key Points and Arguments Business Model and Differentiation - OneMain is the largest public company focused on non-prime lending, with an average FICO score of 630 [6][7] - The company has a strong branch network with 1,300 locations, which aids in customer relationships and credit performance [8][12] - Average unsecured loans are approximately $9,000, while auto loans average around $12,000 [6] - The company maintains a fortress balance sheet with $24 billion in assets and $7 billion in available bank lines [9] Credit Performance - OneMain's average losses over the past eight years have been just over 6%, with a standard deviation of 1.2, indicating lower volatility compared to competitors [11] - The company has a conservative underwriting posture, focusing on loans that meet strict performance criteria [25][36] - Two-thirds of loans booked in the last year were in the top two risk grades, reflecting a disciplined approach to lending [30][32] Market Conditions and Consumer Behavior - Inflation has increased the cost of living by approximately 25%, but incomes have caught up, leading to higher net disposable income for customers [27][28] - Despite improved financial metrics, consumer sentiment remains cautious due to visible price increases in essential goods [29][30] - The company has not loosened its credit standards, maintaining a focus on quality over quantity in loan origination [36][37] Competitive Landscape - The competitive environment has shifted, with online lenders ramping up originations, but OneMain remains confident in its ability to compete due to its strong analytics and credit discipline [42][44] - The company has seen steady competition but has not experienced a significant spike in competitive pressures [46] Growth Opportunities - OneMain has identified significant growth potential in the credit card market, which is five times larger than the personal loan market [52] - The company is building a digital-first credit card product that enhances customer engagement and reduces acquisition costs [56][59] - The auto lending segment is also expected to grow, especially following the acquisition of Foresight, which has improved distribution channels [63][66] Financial Outlook - The company projects 5% to 8% growth in receivables and 6% to 8% growth in revenue for the year, despite a tight underwriting posture [36][78] - OneMain aims to double its capital generation per share over the next four years, contingent on product mix and market conditions [78] Investor Perception - There is a perception issue among investors regarding the risks associated with non-prime lending, which may undervalue OneMain's resilient business model [80] - The company emphasizes its strong balance sheet and low volatility of losses compared to competitors, which is often overlooked by equity investors [81] Additional Important Insights - OneMain's approach to customer service includes personalized interactions, which enhances loan performance and collection efforts [15][19] - The company is cautious about growth, focusing on sustainable practices rather than aggressive expansion [68][69] - Regulatory changes under different administrations are viewed as manageable, with the company prepared to comply with existing regulations [72][74]