TRIUMPH BANCORP, INC.

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Triumph Bancorp : Q4 2021 Investor Presentation

01/20/2022 | 04:32pm EDT

January 20, 2022

Q4 2021 Earnings Release

DISCLAIMER

FORWARD-LOOKING STATEMENTS

This presentation contains forward-looking statements. Any statements about our expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. You can identify forward-looking statements by the use of forward-looking terminology such as "believes," "expects," "could," "may," "will," "should," "seeks," "likely," "intends," "plans," "pro forma," "projects," "estimates" or "anticipates" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. You can also identify forward-looking statements by discussions of strategy, plans or intentions. Forward- looking statements involve numerous risks and uncertainties and you should not rely on them as predictions of future events. Forward-looking statements depend on assumptions, data or methods that may be incorrect or imprecise and we may not be able to realize them. We do not guarantee that the transactions and events described will happen as described (or that they will happen at all). The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: business and economic conditions generally and in the bank and non-bank financial services industries, nationally and within our local market areas; the impact of COVID-19 on our business, including the impact of the actions taken by governmental authorities to try and contain the virus or address the impact of the virus on the United States economy (including, without limitation, the CARES Act), and the resulting effect of all of such items on our operations, liquidity and capital position, and on the financial condition of our borrowers and other customers; our ability to mitigate our risk exposures; our ability to maintain our historical earnings trends; changes in management personnel; interest rate risk; concentration of our products and services in the transportation industry; credit risk associated with our loan portfolio; lack of seasoning in our loan portfolio; deteriorating asset quality and higher loan charge-offs; time and effort necessary to resolve nonperforming assets; inaccuracy of the assumptions and estimates we make in establishing reserves for probable loan losses and other estimates; risks related to the integration of acquired businesses (including our acquisition of HubTran Inc. and developments related to our acquisition of Transport Financial Solutions and the related over-formula advances) and any future acquisitions; our ability to successfully identify and address the risks associated with our possible future acquisitions, and the risks that our prior and possible future acquisitions make it more difficult for investors to evaluate our business, financial condition and results of operations, and impairs our ability to accurately forecast our future performance; lack of liquidity; fluctuations in the fair value and liquidity of the securities we hold for sale; impairment of investment securities, goodwill, other intangible assets or deferred tax assets; our risk management strategies; environmental liability associated with our lending activities; increased competition in the bank and non-bank financial services industries, nationally, regionally or locally, which may adversely affect pricing and terms; the accuracy of our financial statements and related disclosures; material weaknesses in our internal control over financial reporting; system failures or failures to prevent breaches of our network security; the institution and outcome of litigation (including related to our pending litigation with the United States Postal Service and a counterparty relating to certain misdirected payments) and other legal proceedings against us or to which we become subject; changes in carry-forwards of net operating losses; changes in federal tax law or policy; the impact of recent and future legislative and regulatory changes, including changes in banking, securities and tax laws and regulations, such as the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act") and their application by our regulators; governmental monetary and fiscal policies; changes in the scope and cost of FDIC, insurance and other coverages; failure to receive regulatory approval for future acquisitions; and increases in our capital requirements.

While forward-looking statements reflect our good-faith beliefs, they are not guarantees of future performance. All forward-looking statements are necessarily only estimates of future results. Accordingly, actual results may differ materially from those expressed in or contemplated by the particular forward-looking statement, and, therefore, you are cautioned not to place undue reliance on such statements. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events or circumstances, except as required by applicable law. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" and the forward-looking statement disclosure contained in Triumph's Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 12, 2021.

Non-GAAP Financial Measures

This presentation includes certain nonGAAP financial measures intended to supplement, not substitute for, comparable GAAP measures. Reconciliations of nonGAAP financial measures to GAAP financial measures are provided at the end of the presentation. Numbers in this presentation may not sum due to rounding.

Unless otherwise referenced, all data presented is as of December 31, 2021.

PAGE 2

Q4 2021 CONSOLIDATED RESULTS

• Diluted earnings per share of $1.02 for the quarter

• TriumphPay:

◦ Added 3 factors4 to the TriumphPay Audit (formerly

HubTran) platform in Q4

▪ Triumph has grown factors by 14, or 25% since

the announcement of the HubTran acquisition.

◦ Added 22 freight brokers

$25.8 million

Net income to common stockholders

TRIUMPHPAY

◦ Paid 4.0 million invoices for a total of $5.2 billion

PAYMENT

NIM

◦ Run rate payment volume entering 1Q2022 of over

$21.0 billion

◦ Revenue increased 15.4% over 3Q21 and 253.1% over

4Q20

• Triumph Business Capital:

◦ Purchased $4.0 billion in invoices:

▪ @ an average transportation invoice price of

$2,291

▪ as invoice volume increased 40.4% over 4Q20 &

revenue increased 64.0% over the same period

VOLUME17.66%

Net Interest

$21.0B Margin2

TBC

ROATCE

PURCHASED

19.41%

INVOICES

Return on Average

1.7 MM

Tangible Common

Equity3

  1. Annualized
  2. Includes discount accretion on purchased loans of $1,674 in Q4 2021 (dollars in thousands)
  3. Reconciliations of non-GAAP financial measures can be found at the end of the presentation
  4. Two TriumphPay factoring customers have announced their intent to merge with two other existing TriumphPay factoring customers. While this could impact future client counts, if the mergers proceed as announced, it will have no impact on TriumphPay expected volumes.

PAGE 3

TRIUMPH BUSINESS CAPITAL FACTORING

By proudly serving over-the-road trucking, Triumph Business Capital has become a leading player in a large and profitable sector of the industry.

Enterprise products we offer to transportation clients include:

  • Factoring & working capital
  • Equipment finance
  • Fuel cards
  • Insurance brokerage
  • Checking
  • Treasury management
  • Commercial lending

Triumph

Business

Capital

Revenue as a % of Total Gross Revenue

Triumph Business Capital Accounts Receivable as a % of Total Loans

Triumph Business Capital and Total Gross Revenue adjusted for revaluing the indemnification asset and the difference between the value of the stock issued to CVLG and the value returned in the TFS amended transaction agreement.

PAGE 4

TRIUMPH BUSINESS CAPITAL FACTORING

million of transportation factoring assets via the acquisition of Interstate Capital Corporation and certain of its affiliates

PAGE 5

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

Disclaimer

Triumph Bancorp Inc. published this content on 20 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 January 2022 21:31:12 UTC.


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Sales 2022 468 M - -
Net income 2022 95,9 M - -
Net Debt 2022 - - -
P/E ratio 2022 17,0x
Yield 2022 -
Capitalization 1 582 M 1 582 M -
Capi. / Sales 2022 3,38x
Capi. / Sales 2023 3,13x
Nbr of Employees 1 291
Free-Float 83,0%
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Managers and Directors
Aaron P. Graft Vice Chairman, President & Chief Executive Officer
W. Bradley Voss Chief Financial Officer, Treasurer & Executive VP
Carlos M. Sepulveda Executive Chairman
Renee Galitis Chief Information Officer
Edward J. Schreyer Chief Operating Officer & Executive Vice President