September 2013 QUARTER
ABOUT GM FINANCIAL
GM Financial is the captive finance company for and a wholly-owned subsidiary of General Motors Company (“GM”) and is headquartered in Fort Worth, Texas.
In November 2012 GM Financial announced the acquisition of Ally Financial Inc.’s (Ally) assets in Europe and Latin America. In the second quarter of 2013 the Company closed on a significant portion of those assets. On October 1, 2013, GM Financial completed the acquisition of Ally’s assets in Brazil and expects to complete the remaining portion of the announced acquisition in 2014.
In the third quarter of 2013, GM Financial had operations in 17 countries, providing auto finance solutions to over 13,000 dealers worldwide and earning assets of $28 billion
GM Financial has over 20 years of operating history in North America and decades as GM’s captive in Europe and Latin America. Our management team brings extensive experience, knowledge and understanding of the auto finance industry to meet the needs of dealers and consumers.
Our expertise in managing credit risk and underwriting loans and leases is based on years of experience
analyzing consumer behavior and portfolio performance through various economic cycles.
Since 1994, in North America, we have executed over 80 securitization transactions and issued in excess of $73 billion of notes
through our established securitization program to fund our loan originations.
We are dedicated to helping dealers increase vehicle sales by providing a broad spectrum of auto finance
solutions. GM Financial maintains a team of local sales and credit representatives, with credit centers
located in major markets throughout the U.S., Canada, Europe and Latin America, to ensure unparalleled customer service and reliable, consistent funding for our dealers.
Our core retail product provides access to financing for consumers through GM dealers worldwide and non-GM dealers in the U.S.
Additionally, we provide a broad range of financing products for GM dealers including a full-credit spectrum
lease program to help consumers get behind the wheel of a new GM vehicle in the U.S. and Canada.
In an effort to further support our GM dealer partners, we offer commercial lending options to help finance
floorplan inventory, real estate purchases and construction activities, and offer insurance coverage related to
these commercial loans.
The following table summarizes our consumer and loan characteristics for the loans we originated in our North American segment during the quarter.
||Sept 2013 Qtr
||Sept 2012 Qtr
|Credit Bureau Score
||500 – 800
||500 – 800
||$65 – $70 k
||$65 – $70 k
|Years at Present Employer
|Years of Credit History
|GM New Vehicle %
|Mileage at Origination
Selected Financial and Operating Information
LIQUIDITY AND FUNDING
With $12.7 billion in total borrowing capacity on our committed warehouse credit facilities and $4.5 billion in available liquidity at September 30, 2013,
we are well positioned to support our originations growth and product diversification strategies.
|North America (1)
|Earnings Before Tax ($MM)
|Ending Earning Assets ($MM)
|Total Originations (Loan & Lease, $MM)
|GM as a % of Total Originations
|Annualized Net Credit Loss as a % of Avg. Consumer Finance Receivable
|Annualized Expense Ratio (excluding lease and acquisition expenses)
|Total Debt ($MM)
1. United States and Canada
2. Beginning April 1, 2013, Germany, United Kingdom, Italy, Sweden, Switzerland, Austria, Belgium, the Netherlands, Chile, Colombia, Mexico, Spain, Greece and beginning June 1, 2013, France and Portugal
3. Total Co. includes net unallocated expenses
4. Earning assets to tangible net worth