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MarketScreener Homepage  >  Equities  >  Nyse  >  Apollo Commercial Real Estate Finance, Inc.    ARI

APOLLO COMMERCIAL REAL ESTATE FINANCE, INC.

(ARI)
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Apollo Commercial Real Estate Finance : Investor Presentation – November 2020

11/11/2020 | 05:05pm EST

A P O L L O C O M M E R C I A L R E A L E S T A T E F I N A N C E , I N C .

Investor Presentation

November 2020

Information is as of September 30, 2020, except as otherwise noted.

It should not be assumed that investments made in the future will be profitable or will equal the performance of the investments in this document.

Forward Looking Statements and Other Disclosures

This presentation may contain forward-looking statements that are within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Forward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and are generally beyond management's control. These forward-looking statements may include information about possible or assumed future results of Apollo Commercial Real Estate Finance, Inc.'s ("ARI" or the "Company") business, financial condition, liquidity, results of operations, plans and objectives. When used in this presentation, the words "believe," "expect," "anticipate," "estimate," "plan," "continue," "intend," "should," "may" or similar expressions, are intended to identify forward-looking statements. Statements regarding the following subjects, among others, may be forward-looking: the macro- and micro-economic impact of the COVID-19 pandemic; the severity and duration of the COVID-19 pandemic; actions taken by governmental authorities to contain the COVID-19 pandemic or treat its impact; the impact of the COVID-19 pandemic on our financial condition, results operations, liquidity and capital resources; ARI's business and investment strategy; ARI's operating results; ARI's ability to obtain and maintain financing arrangements; the timing and amounts of expected future fundings of unfunded commitments; and the return on equity, the yield on investments and risks associated with investing in real estate assets including changes in business conditions and the general economy.

The forward-looking statements are based on management's beliefs, assumptions and expectations of future performance, taking into account all information currently available to ARI. Forward-looking statements are not predictions of future events. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to ARI. Some of these factors are described under "Risk Factors," and "Management's Discussion and Analysis of Financial Condition and Results of Operations" included in

ARI's Annual Report on Form 10-K for the fiscal year ended December 31, 2019, Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2020, June 30, 2020 and September 30, 2020 and other filings, Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2020, June 30, 2020 and September 30, 2020 and other filings filed with the Securities and Exchange Commission ("SEC"), which are accessible on the SEC's website at www.sec.gov. If a change occurs, ARI's business, financial condition, liquidity and results of operations may vary materially from those expressed in ARI's forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made. New risks and uncertainties arise over time, and it is not possible for management to predict those events or how they may affect ARI. Except as required by law, ARI is not obligated to, and does not intend to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

This presentation contains information regarding ARI's financial results that is calculated and presented on the basis of methodologies other than in accordance with accounting principles generally accepted in the United States ("GAAP"), including Operating Earnings and Operating Earnings per share. Please refer to footnote 12 on page 20 for a definition of "Operating Earnings" and the reconciliation of the applicable GAAP financial measure to "Operating Earnings" set forth on page 16.

This presentation may contain statistics and other data that in some cases has been obtained from or compiled from information made available by third-party service providers. ARI makes no representation or warranty, expressed or implied, with respect to the accuracy, reasonableness or completeness of such information.

Past performance is not indicative nor a guarantee of future returns.

Index performance and yield data are shown for illustrative purposes only and have limitations when used for comparison or for other purposes due to, among other matters, volatility, credit or other factors (such as number and types of securities). Indices are unmanaged, do not charge any fees or expenses, assume reinvestment of income and do not employ special investment techniques such as leveraging or short selling. No such index is indicative of the future results of any investment by ARI.

Unless the context requires otherwise, references in this presentation to "Apollo" refer to Apollo Global Management, Inc., together with its subsidiaries, and references in this presentation to the "Manager" refer to ACREFI Management, LLC, an indirect subsidiary of Apollo Global Management, Inc.

Additional Information and Where to Find It

Copies of the documents filed by ARI with the SEC are available free of charge from the website of the SEC at www.sec.gov as well as on ARI's website at www.apolloreit.com.

This document is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

2

ARI at a Glance

Leading Mortgage REIT Focused on Originating Commercial Mortgage Loans in the U.S. and Europe

$15.5 Billion

$6.4 Billion

84%

59%

Total Capital Deployed

Global CRE Debt

First Mortgage Loans

Weighted Average

Since 2009

Portfolio

Portfolio Loan-to-

Value1

$450 Million

1.7x

0.6x

14%

Liquidity

Debt/

Price/

Dividend Yield4

Equity Ratio2

Book Ratio3

See footnotes on page 20

3

An Eleven-Year History of Success Centered on Four Key Factors

ARI has a Reputation as an Innovative, Creative Global CRE Debt Provider

1

Apollo5

Sponsorship

2

3

Differentiated

Stable and Diverse

Origination &

Portfolio

Asset Management

Platform

4

Prudent Balance

Sheet

Management

  • Leading global alternative investment manager with
    ~$433B of AUM
  • Integrated private equity, credit and real assets platform
  • 31 CRE debt investment professionals in 4 global offices
  • $42B of capital deployed through CRE Debt platform; $15B for ARI
  • "First-call"relationships in U.S. and Western Europe
  • Ability to underwrite and structure complex transactions
  • Capability to partner with other Apollo vehicles to participate in larger loans
  • Experienced, cycle-testedleadership team
  • $6.4B portfolio of loans secured by properties in U.S. and European gateway cities
  • Institutional quality properties
  • Focus on senior loans
  • Weighted average portfolio loan-to-value1 of 59%
  • Conservative leverage at 1.7x debt to equity2
  • Proven ability to access diversified capital sources
  • Ample liquidity
  • Repurchased $119 million of shares of common stock YTD 2020

See footnotes on page 20

4

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Apollo Commercial Real Estate Finance Inc. published this content on 11 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2020 22:04:00 UTC


© Publicnow 2020
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Financials (USD)
Sales 2020 291 M - -
Net income 2020 19,0 M - -
Net Debt 2020 - - -
P/E ratio 2020 112x
Yield 2020 12,4%
Capitalization 1 627 M 1 627 M -
Capi. / Sales 2020 5,60x
Capi. / Sales 2021 5,90x
Nbr of Employees -
Free-Float 97,3%
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Technical analysis trends APOLLO COMMERCIAL REAL ESTATE FINANCE, INC.
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TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 5
Average target price 11,67 $
Last Close Price 11,60 $
Spread / Highest target 12,1%
Spread / Average Target 0,57%
Spread / Lowest Target -9,48%
EPS Revisions
Managers and Directors
NameTitle
Stuart A. Rothstein President, Chief Executive Officer & Director
Jai Agarwal Chief Financial Officer, Secretary & Treasurer
Eric Lurie Press Independent Director
Michael E. Salvati Independent Director
Mark C. Biderman Independent Director