Exhibit 99.3

FIRST QUARTER 2011

FINANCIAL SUPPLEMENT

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ALLY FINANCIAL INC. FORWARD-LOOKING STATEMENTS AND ADDITIONAL INFORMATION

 

The following should be read in conjunction with the financial statements, notes and other information contained in the Company’s 2010 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.

This information is preliminary and based on company data available at the time of the presentation

In the presentation that follows and related comments by Ally Financial Inc. (“Ally”) management, the use of the words “expect,” “anticipate,” “estimate,” “forecast,” “initiative,” “objective,” “plan,” “goal,” “project,” “outlook,” “priorities,” “target,” “intend,” “evaluate,” “pursue,” “seek,” “may,” “would,” “could,” “should,” “believe,” “potential,” “continue,” or similar expressions is intended to identify forward-looking statements. All statements herein and in related management comments, other than statements of historical fact, including without limitation, statements about future events and financial performance, are forward-looking statements that involve certain risks and uncertainties. While these statements represent our current judgment on what the future may hold, and we believe these judgments are reasonable, these statements are not guarantees of any events or financial results, and Ally’s actual results may differ materially due to numerous important factors that are described in the most recent reports on SEC Forms 10-K and 10-Q for Ally, each of which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K. Such factors include, among others, the following: maintaining the mutually beneficial relationship between Ally and General Motors (“GM”), and Ally and Chrysler; the profitability and financial condition of GM and Chrysler; securing low cost funding for us and Residential Capital, LLC (“ResCap”); our ability to realize the anticipated benefits associated with being a bank holding company, and the increased regulation and restrictions that we are now subject to; any impact resulting from delayed foreclosure sales or related matters; the potential for legal liability resulting from claims related to the sale of private-label mortgage-backed securities; risks related to potential repurchase obligations due to alleged breaches of representations and warranties in mortgage securitization transactions; changes in U.S. government-sponsored mortgage programs or disruptions in the markets in which our mortgage subsidiaries operate; continued challenges in the residential mortgage markets; the continuing negative impact on ResCap and our mortgage business generally due to the recent decline in the U.S. housing market; uncertainty of our ability to enter into transactions or execute strategic alternatives to realize the value of our ResCap operations; the potential for deterioration in the residual value of off-lease vehicles; disruptions in the market in which we fund our operations, with resulting negative impact on our liquidity; changes in our accounting assumptions that may require or that result from changes in the accounting rules or their application, which could result in an impact on earnings; changes in the credit ratings of Ally, ResCap, Chrysler, or GM; changes in economic conditions, currency exchange rates or political stability in the markets in which we operate; and changes in the existing or the adoption of new laws, regulations, policies or other activities of governments, agencies and similar organizations (including as a result of the Dodd-Frank Act).

Investors are cautioned not to place undue reliance on forward-looking statements. Ally undertakes no obligation to update publicly or otherwise revise any forward-looking statements except where expressly required by law. Reconciliation of non-GAAP financial measures included within this presentation are provided in this presentation.

Use of the term “loans” describes products associated with direct and indirect lending activities of Ally’s global operations. The specific products include retail installment sales contracts, loans, lines of credit, leases or other financing products. The term “originate” refers to Ally’s purchase, acquisition or direct origination of various “loan” products.

 

1Q 2011 Preliminary Results		2

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ALLY FINANCIAL INC. TABLE OF CONTENTS

 

 

		Page(s)
Consolidated Results
Consolidated Financial Highlights			4
Consolidated Income Statement			5
Consolidated Period-End Balance Sheet			6
Consolidated Average Balance Sheet			7
Segment Detail
Segment Highlights			8
North American Automotive Finance			9-10
International Automotive Finance			11-12
Insurance			13
Mortgage Origination and Servicing			14
Legacy Portfolio and Other			15
ResCap Key Financial Information			16
Mortgage Operations Asset Breakout			17
Corporate and Other			18
Credit Related Information			19-21
Supplemental Detail
Capital			22
Liquidity			23
Deposits			24
Ally Bank Consumer Mortgage HFI Portfolio			25
Mortgage Repurchase Reserves			26
Discontinued Operations			27
Ownership			28

 

1Q 2011 Preliminary Results			3

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ALLY FINANCIAL INC. CONSOLIDATED FINANCIAL HIGHLIGHTS

 

($ in millions)

 

		QUARTERLY TRENDS																				INC / (DEC) VS.
		1Q 11				4Q 10				3Q 10				2Q 10				1Q 10				4Q 10				1Q 10
Selected Income Statement Data
Total net revenue (ex. OID)		$	1,933			$	2,209			$	2,357			$	2,389			$	2,247			$	(276	)		$	(314	)
Provision for loan losses			113				71				9				218				144				42				(31	)
Controllable expenses (1)			874				923				838				840				906				(49	)			(32	)
Other noninterest expenses			518				682				875				604				613				(164	)			(95	)
Core pre-tax income (2)		$	428			$	533			$	635			$	727			$	584			$	(105	)		$	(156	)
Core OID amortization expense (3) (4)			326				301				310				292				397				25				(71	)
Income tax (benefit) expense			(68	)			36				48				33				36				(104	)			(104	)
(Loss) income from discontinued operations			(24	)			(117	)			(8	)			163				11				93				(35	)
Net income		$	146			$	79			$	269			$	565			$	162			$	67			$	(16	)
Selected Balance Sheet Data (Period-End)
Total assets		$	173,704			$	172,008			$	173,191			$	176,802			$	179,427			$	1,696			$	(5,723	)
Consumer loans			68,407				63,017				60,185				55,346				51,928				5,390				16,479
Commercial loans			38,556				38,912				38,050				37,005				36,293				(356	)			2,263
Allowance balance			(1,806	)			(1,873	)			(2,054	)			(2,377	)			(2,480	)			67				674
Deposits			40,696				39,048				37,957				35,214				32,860				1,648				7,836
Common equity (5)			13,467				13,517				8,797				8,593				8,368				(50	)			5,099
Total equity			20,407				20,489				20,977				20,773				20,548				(82	)			(141	)
Select Financial Ratios
Net interest margin (6)			2.2	%			2.3	%			2.5	%			2.8	%			3.0	%
Return on average common equity (annualized)			4.3	%			3.2	%			12.5	%			26.7	%			7.6	%
Return on average assets (annualized)			0.3	%			0.2	%			0.6	%			1.3	%			0.4	%
Capital Ratios
Tier 1 capital ratio			14.7	%			15.0	%			15.4	%			15.3	%			14.9	%
Tier 1 common capital ratio			8.4	%			8.6	%			5.3	%			5.2	%			5.0	%
Total risk-based capital ratio			16.0	%			16.4	%			16.8	%			16.8	%			16.4	%

 

(1)	Includes employee related costs, consulting and legal fees, marketing, information technology, facility, portfolio servicing and restructuring expenses

(2)	Core pre-tax income is a non-GAAP measure, defined as income from continuing operations before taxes and primarily bond exchange original issue discount (“OID”) amortization expense

(3)	Includes $30 million of accelerated OID amortization in 1Q11 and $101 million in 1Q10 from extinguishment of debt

(4)	Core OID for 2Q, 3Q and 4Q 2010 exclude IO and 1Q 2011 excludes IO and 2010 issuances

(5)	Includes common stock and paid-in capital, accumulated deficit and accumulated other comprehensive income

(6)	Excludes OID amortization expense. The impact of historical financial statement restatements for discontinued operations are not reflected in prior periods

 

1Q 2011 Preliminary Results		4

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ALLY FINANCIAL INC. CONSOLIDATED INCOME STATEMENT

 

($ in millions)

 

		QUARTERLY TRENDS																				INC / (DEC) VS.
		1Q 11				4Q 10				3Q 10				2Q 10				1Q 10				4Q 10				1Q 10
Financing revenue and other interest income
Interest and fees on finance receivables and loans		$	1,623			$	1,665			$	1,656			$	1,617			$	1,618			$	(42	)		$	5
Interest on loans held-for-sale			108				140				153				156				215				(32	)			(107	)
Interest on trading securities			3				3				5				6				1				—				2
Interest and dividends on available-for-sale investment securities			104				87				86				90				99				17				5
Interest-bearing cash			12				16				22				18				14				(4	)			(2	)
Operating leases			680				751				855				1,011				1,163				(71	)			(483	)
Total financing revenue and other interest income			2,530				2,662				2,777				2,898				3,110				(132	)			(580	)
Interest expense
Interest on deposits			172				175				172				155				158				(3	)			14
Interest on short-term borrowings			126				127				110				99				111				42				58
Interest on long-term debt			1,410				1,436				1,451				1,409				1,433				(69	)			(66	)
Total interest expense			1,708				1,738				1,733				1,663				1,702				(30	)			6
Depreciation expense on operating lease assets			285				394				454				526				656				(109	)			(371	)
Net financing revenue			537				530				590				709				752				7				(215	)
Other revenue
Servicing fees			371				390				404				384				385				(19	)			(14	)
Servicing asset valuation and hedge activities, net			(87	)			(213	)			(27	)			(21	)			(133	)			126				46
Total servicing income, net			284				177				377				363				252				107				32
Insurance premiums and service revenue earned			433				450				470				477				468				(17	)			(35	)
Gain on mortgage and automotive loans, net			92				404				326				266				271				(312	)			(179	)
Loss on extinguishment of debt			(39	)			—				(2	)			(3	)			(118	)			(39	)			79
Other gain on investments, net			84				150				100				112				143				(66	)			(59	)
Other income, net of losses			216				197				186				173				82				19				134
Total other revenue			1,070				1,378				1,457				1,388				1,098				(308	)			(28	)
Total net revenue			1,607				1,908				2,047				2,097				1,850				(301	)			(243	)
Provision for loan losses			113				71				9				218				144				42				(31	)
Noninterest expense
Compensation and benefits expense			434				416				392				388				426				18				8
Insurance losses and loss adjustment expenses			186				212				229				224				211				(26	)			(25	)
Other operating expenses			772				977				1,092				832				882				(205	)			(110	)
Total noninterest expense			1,392				1,605				1,713				1,444				1,519				(213	)			(127	)
Income from continuing operations before income tax expense			102				232				325				435				187				(130	)			(85	)
Income tax (benefit) expense from continuing operations			(68	)			36				48				33				36				(104	)			(104	)
Net income from continuing operations			170				196				277				402				151				(26	)			19
(Loss) income from discontinued operations, net of tax			(24	)			(117	)			(8	)			163				11				93				(35	)
Net income		$	146			$	79			$	269			$	565			$	162			$	67			$	(16	)

 

1Q 2011 Preliminary Results		5

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ALLY FINANCIAL INC. CONSOLIDATED PERIOD-END BALANCE SHEET

 

($ in millions)

 

		QUARTERLY TRENDS																				INC / (DEC) VS.
		3/31/2011				12/31/2010				9/30/2010				6/30/2010				3/31/2010				12/31/2010				3/31/2010
Assets
Cash and cash equivalents
Noninterest-bearing		$	1,652			$	1,714			$	1,414			$	820			$	781			$	(62	)		$	871
Interest-bearing			11,294				9,956				11,175				13,528				13,889				1,338				(2,595	)
Total cash and cash equivalents			12,946				11,670				12,589				14,348				14,670				1,276				(1,724	)
Trading securities			75				240				211				209				144				(165	)			(69	)
Investment securities			15,401				14,846				11,925				12,710				11,651				555				3,750
Loans held-for-sale, net			7,496				11,411				13,265				10,382				13,998				(3,915	)			(6,502	)
Finance receivables and loans, net
Finance receivables and loans, net			107,459				102,413				98,718				92,716				89,040				5,046				18,419
Allowance for loan losses			(1,806	)			(1,873	)			(2,054	)			(2,377	)			(2,480	)			67				674
Total finance receivables and loans, net			105,653				100,540				96,664				90,339				86,560				5,113				19,093
Investment in operating leases, net			8,898				9,128				10,213				11,895				14,003				(230	)			(5,105	)
Mortgage servicing rights			3,774				3,738				2,746				2,983				3,543				36				231
Premiums receivables and other insurance assets			2,175				2,181				2,169				2,251				2,676				(6	)			(501	)
Other assets			16,763				17,564				21,817				19,646				18,943				(801	)			(2,180	)
Assets of operations held-for-sale			523				690				1,592				12,039				13,239				(167	)			(12,716	)
Total assets		$	173,704			$	172,008			$	173,191			$	176,802			$	179,427			$	1,696			$	(5,723	)
Liabilities
Deposit liabilities
Noninterest-bearing		$	2,064			$	2,131			$	2,547			$	2,276			$	1,927			$	(67	)		$	137
Interest-bearing			38,632				36,917				35,410				32,938				30,933				1,715				7,699
Total deposit liabilities			40,696				39,048				37,957				35,214				32,860				1,648				7,836
Short-term borrowings			7,395				7,508				5,914				7,054				7,609				(113	)			(214	)
Long-term debt			88,139				86,612				87,547				85,205				90,276				1,527				(2,137	)
Interest payable			1,850				1,829				1,824				1,692				1,800				21				50
Unearned insurance premiums and service revenue			2,842				2,854				2,937				2,990				3,120				(12	)			(278	)
Reserves for insurance losses and loss adjustment expenses			828				862				922				962				1,091				(34	)			(263	)
Accrued expense and other liabilities			11,001				12,126				14,370				11,575				9,914				(1,125	)			1,087
Liabilities of operations held-for-sale			546				680				743				11,337				12,209				(134	)			(11,663	)
Total liabilities		$	153,297			$	151,519			$	152,214			$	156,029			$	158,879			$	1,778			$	(5,582	)
Equity
Common stock and paid-in capital		$	19,668			$	19,668			$	13,838			$	13,829			$	13,829			$	0				5,839
Mandatorily convertible preferred stock held by U.S. Department of Treasury			5,685				5,685				10,893				10,893				10,893				(0	)			(5,208	)
Preferred stock			1,255				1,287				1,287				1,287				1,287				(32	)			(32	)
Accumulated deficit			(6,435	)			(6,410	)			(5,481	)			(5,421	)			(5,958	)			(25	)			(477	)
Accumulated other comprehensive income			234				259				440				185				497				(25	)			(263	)
Total equity			20,407				20,489				20,977				20,773				20,548				(82	)			(141	)
Total liabilities and equity		$	173,704			$	172,008			$	173,191			$	176,802			$	179,427			$	1,696			$	(5,723	)

 

1Q 2011 Preliminary Results		6

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ALLY FINANCIAL INC. CONSOLIDATED AVERAGE BALANCE SHEET (1)

 

($ in millions)

 

		QUARTERLY TRENDS																				INC / (DEC) VS.
		3/31/2011				12/31/2010				9/30/2010				6/30/2010				3/31/2010				12/31/2010				3/31/2010
Assets
Interest-bearing cash and cash equivalents		$	13,041			$	11,447			$	16,402			$	15,498			$	13,462			$	1,594			$	(421	)
Trading securities			318				263				224				177				303				55				15
Investment securities			14,591				11,629				11,151				10,793				11,590				2,962				3,001
Loans held-for-sale, net			8,877				12,438				12,118				12,671				16,861				(3,561	)			(7,984	)
Total finance receivables and loans, net (2)			104,385				100,296				93,654				89,502				85,259				4,089				19,126
Investment in operating leases, net			8,947				9,564				10,942				12,937				14,883				(617	)			(5,936	)
Total interest earning assets			150,159				145,637				144,491				141,578				142,358				4,522				7,801
Noninterest-bearing cash and cash equivalents			1,032				1,117				686				85				1,359				(85	)			(327	)
Other assets			24,898				26,386				39,304				38,899				36,882				(1,488	)			(11,984	)
Allowance for loan losses			(1,864	)			(2,053	)			(2,350	)			(2,496	)			(2,560	)			189				696
Total assets		$	174,225			$	171,087			$	182,131			$	178,066			$	178,039			$	3,138			$	(3,814	)
Liabilities
Interest-bearing deposit liabilities		$	38,156			$	36,093			$	34,583			$	32,309			$	30,452			$	2,063			$	7,704
Short-term borrowings			8,559				6,597				8,691				7,375				7,741				1,962				818
Long-term debt (3)			87,060				85,670				85,650				87,964				89,861				1,390				(2,801	)
Total interest-bearing liabilities (3)			133,775				128,360				128,924				127,648				128,054				5,415				5,721
Noninterest-bearing deposit liabilities			2,017				2,307				2,345				2,033				1,769				(290	)			248
Other liabilities			18,021				19,670				30,050				27,739				27,540				(1,649	)			(9,519	)
Total liabilities		$	153,813			$	150,337			$	161,319			$	157,420			$	157,363			$	3,476			$	(3,550	)
Equity
Total equity			20,412				20,750				20,812				20,646				20,676				(338	)			(264	)
Total liabilities and equity		$	174,225			$	171,087			$	182,131			$	178,066			$	178,039			$	3,138			$	(3,814	)

 

Note: The impact of historical financial statement restatements for discontinued operations are not reflected in prior periods

(1)	Average balances are calculated using a combination of monthly and daily average methodologies

(2)	Nonperforming finance receivables and loans are included in the average balances

(3)	Average balance includes $3,000 million related to OID at March 31, 2011

 

1Q 2011 Preliminary Results		7

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ALLY FINANCIAL INC. SEGMENT HIGHLIGHTS

 

($ in millions)

 

		QUARTERLY TRENDS																				INC / (DEC) VS.
		1Q 11				4Q 10				3Q 10				2Q 10				1Q 10				4Q 10				1Q 10
North American Automotive Finance		$	518			$	589			$	551			$	592			$	612			$	(71	)		$	(94	)
International Automotive Finance			40				12				74				95				47				28				(7	)
Insurance			134				164				114				108				183				(30	)			(49	)
Global Automotive Services			692				765				739				795				842				(73	)			(150	)
Mortgage Origination and Servicing			73				172				425				249				71				(99	)			2
Legacy Portfolio and Other (1)			(39	)			(49	)			(271	)			(19	)			85				10				(124	)
Mortgage Operations			34				123				154				230				156				(89	)			(122	)
Corporate and Other (ex. OID) (2)			(298	)			(355	)			(258	)			(298	)			(414	)			57				116
Core pre-tax income (3)			428				533				635				727				584				(105	)			(156	)
Core OID amortization expense (4)			326				301				310				292				397				25				(71	)
Income tax (benefit) expense			(68	)			36				48				33				36				(104	)			(104	)
(Loss) income from discontinued operations			(24	)			(117	)			(8	)			163				11				93				(35	)
Net income		$	146			$	79			$	269			$	565			$	162			$	67			$	(16	)

 

(1)	Legacy Portfolio and Other segment primarily consists of loans originated prior to Jan. 1, 2009, and includes non-core business activities including portfolios in run off

(2)	Corporate and Other as presented includes Commercial Finance Group (“CFG”), certain equity investments and treasury activities including the residual impacts from the corporate funds transfer pricing and asset liability management (“ALM”) activities

(3)	Core pre-tax income is defined as income from continuing operations before taxes and primarily bond exchange original issue discount (“OID”) amortization expense

(4)	Core OID for 2Q, 3Q and 4Q 2010 exclude IO and 1Q 2011 excludes IO and 2010 issuances

 

1Q 2011 Preliminary Results		8

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ALLY FINANCIAL INC. NORTH AMERICAN AUTO - CONDENSED FINANCIAL STATEMENTS

 

($ in millions)

 

		QUARTERLY TRENDS																				INC / (DEC) VS.
		1Q 11				4Q 10				3Q 10				2Q 10				1Q 10				4Q 10				1Q 10
Income Statement
Net financing revenue
Consumer		$	668			$	629			$	604			$	567			$	539			$	39			$	129
Commercial			326				386				353				350				336				(60	)			(10	)
Loans held-for-sale			—				—				14				29				69				—				(69	)
Operating leases			651				707				810				958				1,095				(56	)			(444	)
Interest and dividend income			23				25				29				39				56				(2	)			(33	)
Total financing revenue and other interest income			1,668				1,747				1,810				1,943				2,095				(79	)			(427	)
Interest expense			582				575				580				606				616				7				(34	)
Depreciation expense on operating lease assets			268				374				430				486				607				(106	)			(339	)
Net financing revenue			818				798				800				851				872				20				(54	)
Other revenue
Servicing fees			45				51				60				55				60				(6	)			(15	)
Gain on automotive loans, net			—				47				23				66				113				(47	)			(113	)
Other income			64				59				61				65				30				5				34
Total other revenue			109				157				144				186				203				(48	)			(94	)
Total net revenue			927				955				944				1,037				1,075				(28	)			(148	)
Provision for loan losses			46				19				60				106				101				27				(55	)
Noninterest expense
Compensation and benefits			116				96				97				93				101				20				15
Other operating expenses			247				251				236				246				261				(4	)			(14	)
Total noninterest expense			363				347				333				339				362				16				1
Income before income tax expense		$	518			$	589			$	551			$	592			$	612			$	(71	)		$	(94	)
Balance Sheet (Period-End)
Loans held-for-sale		$	—			$	—			$	930			$	1,297			$	4,424			$	—			$	(4,424	)
Finance receivables and loans, net:
Consumer loans			47,356				41,896				36,717				32,813				28,341				5,460				19,015
Commercial loans			31,598				31,213				29,623				28,383				28,546				385				3,052
Allowance for loan losses			(899	)			(946	)			(1,027	)			(1,100	)			(1,103	)			47				204
Total finance receivables and loans, net		$	78,055			$	72,163			$	65,313			$	60,096			$	55,784			$	5,892			$	22,271
Other assets			9,607				9,730				11,052				12,753				14,578				(123	)			(4,971	)
Total assets		$	87,662			$	81,893			$	77,295			$	74,146			$	74,786			$	5,769			$	12,876

 

1Q 2011 Preliminary Results		9

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ALLY FINANCIAL INC. NORTH AMERICAN AUTO - KEY STATISTICS

 

 

		QUARTERLY TRENDS																				INC / (DEC) VS.
		1Q 11				4Q 10				3Q 10				2Q 10				1Q 10				4Q 10				1Q 10
U.S. Market
SAAR (units in millions)			13.0				12.3				11.6				11.3				11.0				0.7				2.1
Industry light vehicle sales (units in millions)			3.0				3.0				3.0				3.1				2.5				0.1				0.5
GM market share			19.4	%			19.5	%			18.6	%			19.7	%			18.8	%
Chrysler market share			9.4	%			9.0	%			9.8	%			9.6	%			9.2	%
NAO Total Consumer Originations by Type ($ in billions)
New		$	7.8			$	7.5			$	7.2			$	7.0			$	4.9			$	0.3			$	2.9
Lease			2.2				1.4				1.0				0.8				0.7				0.8				1.5
Used			2.4				1.4				1.2				1.3				1.1				1.0				1.3
Total NAO		$	12.4			$	10.2			$	9.4			$	9.1			$	6.7			$	2.1			$	5.7
NAO Ally Consumer Penetration
GM			50.9	%			49.7	%			36.7	%			36.2	%			34.3	%
Chrysler			30.4	%			32.2	%			42.3	%			45.1	%			35.9	%
U.S. Ally Consumer Penetration
GM			51.9	%			49.7	%			34.2	%			34.4	%			33.5	%
Chrysler			33.7	%			36.3	%			49.4	%			52.5	%			42.1	%
U.S. Ally Consumer Originations (1) ($ in billions)
GM new retail subvented		$	1.8			$	2.0			$	1.7			$	1.6			$	1.3			$	(0.1	)		$	0.5
GM new retail standard			3.3				2.9				2.0				2.0				1.6				0.4				1.7
Chrysler new retail subvented			0.5				0.6				1.3				1.3				0.6				(0.1	)			(0.1	)
Chrysler new retail standard			1.0				0.8				1.0				0.9				0.7				0.2				0.3
Diversified new			0.5				0.3				0.2				0.2				0.1				0.2				0.4
Lease (2)			2.2				1.4				1.0				0.8				0.7				0.8				1.5
Used			2.3				1.3				1.2				1.2				1.0				1.0				1.3
Total U.S. originations		$	11.6			$	9.3			$	8.3			$	8.0			$	6.0			$	2.3			$	5.6
NAO Ally Consumer Originations ($ in billions)
Total U.S. originations		$	11.6			$	9.3			$	8.3			$	8.0			$	6.0			$	2.3			$	5.6
Total Canada originations			0.8				1.0				1.1				1.1				0.7				(0.2	)			0.1
Total NAO originations		$	12.4			$	10.2			$	9.4			$	9.1			$	6.7			$	2.1			$	5.7
U.S. Ally Consumer Originations - Additional Data
Number of contracts originated (# in thousands)			462				351				309				302				223				110				239
GM subvented (% based on # of new GM units originated) (3)			46	%			44	%			44	%			42	%			46	%
Chrysler subvented (% based on # of new Chrysler units originated) (3)			46	%			50	%			58	%			59	%			50	%
Average original term in months			63				62				64				64				65				1				(2	)
U.S. Ally Floorplan (4)
GM penetration			82.3	%			81.0	%			82.9	%			82.4	%			84.2	%
Chrysler penetration			69.9	%			71.6	%			71.0	%			71.4	%			71.4	%
Wholesale outstandings (avg. $ in billions)		$	23.6			$	24.1			$	21.7			$	21.1			$	20.0			$	(0.5	)		$	3.5
Loan Book - NAO Key Statistics ($ in billions)
Dollar amount of contracts outstanding at end of period		$	56			$	51			$	47			$	45			$	46			$	5			$	10
Dollar amount of new GM wholesale outstanding (average)		$	15			$	17			$	15			$	15			$	14			$	(1	)		$	2
Dollar amount of new Chrysler wholesale outstanding (average)		$	7			$	7			$	6			$	6			$	5			$	1			$	2
U.S. Off-Lease Remarketing
Sales proceeds on scheduled lease terminations (36-month) per vehicle - Serviced		$	19,615			$	20,218			$	19,482			$	18,990			$	19,059			$	(604	)		$	556
Off-lease vehicles terminated - Serviced (# in units)			91,336				84,167				99,907				96,073				96,056				7,169				(4,720	)
Sales proceeds on scheduled lease terminations (36-month) per vehicle - On-balance sheet		$	19,871			$	20,223			$	19,485			$	18,994			$	19,036			$	(352	)		$	835
Off-lease vehicles terminated - On-balance sheet (# in units)			91,270				83,598				97,215				87,421				84,722				7,672				6,548

 

(1)

Some standard rate loan originations contain manufacturer sponsored cash back rebate incentives. Some lease originations contain rate subvention. While Ally may jointly develop marketing programs for these originations, Ally does not have exclusive rights to such originations under operating agreements with manufacturers.

(2)	Includes GM and Chrysler lease originations

(3)	Represents subvented originations inclusive of leases not subject to exclusivity agreements

(4)	Penetration rates are based on the trailing four month average end of period dealer stocks

 

1Q 2011 Preliminary Results		10

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ALLY FINANCIAL INC. INTERNATIONAL AUTO - CONDENSED FINANCIAL STATEMENTS

 

($ in millions)

 

		QUARTERLY TRENDS																				INC / (DEC) VS.
		1Q 11				4Q 10				3Q 10				2Q 10				1Q 10				4Q 10				1Q 10
Income Statement
Net financing revenue
Consumer		$	287			$	268			$	264			$	264			$	279			$	19			$	8
Commercial			104				102				94				92				102				2				2
Loans held-for-sale			—				3				3				5				4				(3	)			(4	)
Operating leases			29				43				44				52				66				(14	)			(37	)
Interest and dividend income			26				19				26				6				8				7				18
Total financing revenue and other interest income			446				435				431				419				459				11				(13	)
Interest expense			258				252				233				207				232				6				26
Depreciation expense on operating lease assets			17				25				24				39				49				(8	)			(32	)
Net financing revenue			171				158				174				173				178				13				(7	)
Other revenue
Gain on automotive loans, net			—				6				5				3				7				(6	)			(7	)
Other income			75				57				71				82				85				18				(10	)
Total other revenue			75				63				76				85				92				12				(17	)
Total net revenue			246				221				250				258				270				25				(24	)
Provision for loan losses			37				29				(5	)			9				21				8				16
Noninterest expense
Compensation and benefits			44				35				41				44				44				9				—
Other operating expenses			125				145				140				110				158				(20	)			(33	)
Noninterest expense			169				180				181				154				202				(11	)			(33	)
Income from cont. ops before income tax expense		$	40			$	12			$	74			$	95			$	47			$	28			$	(7	)
Balance Sheet (Period-End)
Cash, trading and investment securities		$	157			$	205			$	289			$	631			$	820			$	(48	)		$	(663	)
Loans held-for-sale			—				—				119				168				971				—				(971	)
Finance receivables and loans, net:
Consumer loans			9,512				9,359				9,378				8,902				9,773				153				(261	)
Commercial loans			5,128				4,814				4,309				4,125				4,173				314				955
Allowance for loan losses			(207	)			(186	)			(177	)			(199	)			(222	)			(21	)			15
Total finance receivables and loans, net		$	14,433			$	13,987			$	13,510			$	12,828			$	13,724			$	446			$	709
Other assets			1,705				1,787				3,582				2,969				3,863				(82	)			(2,158	)
Total assets		$	16,295			$	15,979			$	17,500			$	16,596			$	19,378			$	316			$	(3,083	)

 

1Q 2011 Preliminary Results		11

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ALLY FINANCIAL INC. INTERNATIONAL AUTO - KEY STATISTICS

 

($ in millions)

 

		QUARTERLY TRENDS																				INC / (DEC) VS.
		1Q 11				4Q 10				3Q 10				2Q 10				1Q 10				4Q 10				1Q 10
Consumer Originations
Germany		$	287			$	326			$	277			$	258			$	259			$	(38	)		$	29
Brazil			476				599				488				331				295				(123	)			180
U.K.			155				195				210				209				120				(40	)			34
Mexico			157				169				118				112				141				(13	)			16
China (1)			588				944				679				507				456				(356	)			132
Other			235				255				225				224				215				(20	)			20
Total Continuing International Operations		$	1,898			$	2,488			$	1,997			$	1,640			$	1,487			$	(590	)		$	411
Consumer Origination Statistics (Continuing Operations)
Number of contracts originated (# thousands)			131				175				144				116				102				(44	)			29
Dollar amount of contracts originated		$	1,898			$	2,488			$	1,997			$	1,640			$	1,487			$	(590	)		$	411
Dollar amount of retail contracts outstanding at end of period		$	9,513			$	9,359			$	9,378			$	8,902			$	9,773			$	153			$	(260	)
GM subvented (% based on # of GM units originated) (2)			47	%			49	%			47	%			35	%			38	%
Mix of retail & lease contract originations (% based on # of units)
New			93	%			96	%			95	%			95	%			95	%
Used			7	%			4	%			5	%			5	%			5	%

 

(1)	Originations in China are part of a joint-venture in which Ally owns a minority interest

(2)	Represents subvented originations inclusive of leases not subject to exclusivity agreements

 

1Q 2011 Preliminary Results		12

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ALLY FINANCIAL INC. INSURANCE - CONDENSED FINANCIAL STATEMENTS AND KEY STATISTICS

 

($ in millions)

 

		QUARTERLY TRENDS																				INC / (DEC) VS.
		1Q 11				4Q 10				3Q 10				2Q 10				1Q 10				4Q 10				1Q 10
Income Statement
Insurance premiums and other income
Insurance premiums and service revenue earned		$	427			$	445			$	462			$	469			$	460			$	(18	)		$	(33	)
Investment income			80				135				89				86				141				(55	)			(61	)
Other income			13				19				16				18				20				(6	)			(7	)
Total insurance premiums and other income			520				599				567				573				621				(79	)			(101	)
Expense
Insurance losses and loss adjustment expenses			173				202				218				224				196				(29	)			(23	)
Acquisition and underwriting expenses
Compensation and benefit expense			33				30				30				28				29				3				4
Insurance commission expense			129				145				153				154				150				(16	)			(21	)
Interest and discount expense			51				58				52				59				63				(7	)			(12	)
Total acquisition and underwriting expense			213				233				235				241				242				(20	)			(29	)
Total expense			386				435				453				465				438				(49	)			(52	)
Income from cont. ops before income tax expense		$	134			$	164			$	114			$	108			$	183			$	(30	)		$	(49	)
Balance Sheet (Period-End)
Cash, trading and investment securities		$	5,537			$	5,351			$	5,322			$	5,004			$	5,109			$	186			$	428
Finance receivables and loans, net			5				5				5				5				5				—				—
Premiums receivable and other insurance assets			2,278				2,270				2,237				2,313				2,732				8				(454	)
Other assets			1,204				1,163				1,232				1,230				1,237				41				(33	)
Total assets		$	9,024			$	8,789			$	8,796			$	8,552			$	9,083			$	235			$	(59	)
Key Statistics
Written Premiums
Dealer Products & Services		$	246			$	221			$	259			$	251			$	226			$	25			$	21
International			165				124				145				164				197				41				(32	)
Total written premiums and revenue		$	411			$	346			$	404			$	415			$	423			$	66			$	(12	)
Loss ratio			40	%			44	%			46	%			46	%			41	%
Underwriting expense ratio			48	%			50	%			49	%			50	%			50	%
Combined ratio			88	%			94	%			95	%			96	%			91	%

 

1Q 2011 Preliminary Results		13

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ALLY FINANCIAL INC. MORTGAGE ORIGINATION AND SERVICING - CONDENSED FINANCIAL STATEMENTS AND KEY STATISTICS

 

($ in millions)

 

		QUARTERLY TRENDS																				INC / (DEC) VS.
		1Q 11				4Q 10				3Q 10				2Q 10				1Q 10				4Q 10				1Q 10
Income Statement
Net financing (loss) revenue
Total financing revenue and other interest income		$	108			$	135			$	130			$	95			$	100			$	(27	)		$	8
Interest expense			138				137				125				113				111				1				27
Net financing (loss) revenue			(30	)			(2	)			5				(18	)			(11	)			(28	)			(19	)
Servicing fees			327				338				345				331				326				(11	)			1
Servicing asset valuation and hedge activities, net			(87	)			(213	)			(27	)			(21	)			(133	)			126				46
Total servicing income, net			240				125				318				310				193				115				47
Gain on mortgage loans, net			74				214				214				102				86				(140	)			(12	)
Other income, net of losses			37				81				77				47				67				(44	)			(30	)
Total other revenue			351				420				609				459				346				(69	)			5
Total net revenue			321				418				614				441				335				(97	)			(14	)
Provision for loan losses			2				—				5				(35	)			1				2				1
Noninterest expense
Compensation and benefits expense			69				67				63				62				75				2				(6	)
Representation and warranty expense			(2	)			(30	)			(33	)			21				21				28				(23	)
Other operating expense			179				209				154				144				167				(30	)			12
Total noninterest expense			246				246				184				227				263				—				(17	)
Income from cont. ops before income tax expense		$	73			$	172			$	425			$	249			$	71			$	(99	)		$	2
Balance Sheet (Period-End)
Cash, trading and investment securities		$	18			$	24			$	26			$	(27	)		$	34			$	(6	)		$	(16	)
Loans held-for-sale			5,596				9,442				9,951				6,446				5,450				(3,846	)			146
Finance receivables and loans, net:
Consumer loans			2,571				2,368				2,242				2,009				1,618				203				953
Commercial loans			821				1,542				2,039				1,803				1,260				(721	)			(439	)
Allowance for loan losses			(15	)			(15	)			(15	)			(9	)			(44	)			—				29
Total finance receivables and loans, net		$	3,377			$	3,895			$	4,266			$	3,803			$	2,834			$	(518	)		$	543
Other assets			10,173				11,117				11,138				9,792				8,173				(944	)			2,000
Total assets		$	19,164			$	24,478			$	25,381			$	20,014			$	16,491			$	(5,314	)		$	2,673
Key Statistics ($ in billions)
Mortgage Loan Production
Prime conforming		$	9.9			$	20.0			$	15.1			$	9.1			$	9.5			$	(10.1	)		$	0.4
Prime nonconforming			0.4				0.4				0.4				0.5				0.4				0.0				0.0
Government			1.5				2.8				4.7				3.6				3.1				(1.3	)			(1.6	)
Other			0.3				0.5				0.3				0.3				0.3				(0.2	)			0.0
Total Mortgage Loan Production		$	12.2			$	23.8			$	20.5			$	13.5			$	13.3			$	(11.6	)		$	(1.1	)
Primary Servicing - Period End		$	360			$	361			$	358			$	371			$	379			$	(1	)		$	(19	)

 

1Q 2011 Preliminary Results		14

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ALLY FINANCIAL INC. LEGACY PORTFOLIO AND OTHER - CONDENSED FINANCIAL STATEMENTS

 

($ in millions)

 

		QUARTERLY TRENDS																				INC / (DEC) VS.
		1Q 11				4Q 10				3Q 10				2Q 10				1Q 10				4Q 10				1Q 10
Income Statement
Net financing revenue
Total financing revenue and other interest income		$	218			$	264			$	325			$	361			$	382			$	(46	)		$	(164	)
Interest expense			140				166				183				189				189				(26	)			(49	)
Net financing revenue			78				98				142				172				193				(20	)			(115	)
Servicing fees			(2	)			(1	)			(2	)			(3	)			(2	)			(1	)			—
Servicing asset valuation and hedge activities, net			—				—				—				—				—				—				—
Total servicing income, net			(2	)			(1	)			(2	)			(3	)			(2	)			(1	)			—
Gain on mortgage loans, net			18				136				84				95				65				(118	)			(47	)
Other income, net of losses			(4	)			(19	)			(33	)			(20	)			(40	)			15				36
Total other revenue			12				116				49				72				23				(104	)			(11	)
Total net revenue			90				214				191				244				216				(124	)			(126	)
Provision for loan losses			45				23				17				127				6				22				39
Noninterest expense
Compensation and benefits expense			36				15				16				21				21				21				15
Representation and warranty expense			28				210				378				76				29				(182	)			(0	)
Other noninterest expense			20				15				51				39				75				5				(56	)
Total noninterest expense			84				240				445				136				125				(156	)			(41	)
(Loss) income from cont. ops before income tax expense		$	(39	)		$	(49	)		$	(271	)		$	(19	)		$	85			$	10			$	(124	)
Balance Sheet (Period-End)
Cash, trading and investment securities		$	770			$	724			$	669			$	736			$	820			$	46			$	(50	)
Loans held-for-sale			1,894				1,969				2,265				2,466				3,119				(75	)			(1,225	)
Finance receivables and loans, net
Consumer loans (1)			8,969				9,394				11,848				11,622				12,197				(425	)			(3,228	)
Commercial loans			92				118				172				199				282				(26	)			(190	)
Allowance for loan losses			(566	)			(591	)			(669	)			(720	)			(673	)			25				107
Total finance receivables and loans, net		$	8,495			$	8,921			$	11,351			$	11,101			$	11,806			$	(426	)		$	(3,311	)
Other assets			650				694				826				856				1,012				(44	)			(362	)
Assets of discontinued operations			—				—				471				10,870				11,288				—				(11,288	)
Total assets		$	11,809			$	12,308			$	15,582			$	26,029			$	28,045			$	(499	)		$	(16,236	)

 

(1)	Consumer loans HFI consist primarily of Ally Bank HFI (originated pre-2009) and legacy securitizations

 

1Q 2011 Preliminary Results		15

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ALLY FINANCIAL INC. RESCAP, LLC - KEY FINANCIAL INFORMATION

 

($ in millions)

 

		QUARTERLY TRENDS																				INC / (DEC) VS.
		1Q 11				4Q 10				3Q 10				2Q 10				1Q 10				4Q 10				1Q 10
Income Statement
Net income		$	40			$	63			$	38			$	364			$	110			$	(23	)		$	(69	)
Balance Sheet (Period-End)
Cash & cash equivalents		$	719			$	672			$	618			$	621			$	725			$	47			$	(6	)
Mortgage loans held-for-sale			4,511				4,655				5,127				4,613				5,131				(144	)			(620	)
Mortgage loans held-for-investment, net			1,194				1,296				3,357				2,759				3,008				(102	)			(1,813	)
Mortgage servicing rights			2,046				1,992				1,680				1,950				2,413				55				(367	)
Other assets			7,033				8,217				9,725				18,611				17,166				(1,184	)			(10,133	)
Total assets		$	15,503			$	16,832			$	20,507			$	28,554			$	28,442			$	(1,329	)		$	(12,939	)
Total liabilities		$	14,619			$	15,986			$	19,649			$	27,760			$	28,017			$	(1,367	)		$	(13,398	)
Tangible net worth		$	884			$	846			$	859			$	793			$	426			$	38			$	459

 

1Q 2011 Preliminary Results		16

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ALLY FINANCIAL INC.
MORTGAGE OPERATIONS ASSET BREAKOUT (PERIOD-END)

 

($ in billions)

 

		CURRENT QUARTER												HISTORICAL QUARTERLY TRENDS																INC / (DEC) VS.
		Origination and Servicing				Legacy Portfolio & Other				Total 3/31/11				Total 12/31/10				Total 9/30/10				Total 6/30/10				Total 3/31/10				Total 12/31/10				Total 3/31/10
ResCap, LLC Assets
Cash and cash equivalents		$	0.0			$	0.7			$	0.7			$	0.7			$	0.6			$	0.6			$	0.7			$	0.0			$	0.0
Accounts receivable (servicing advances, etc)			2.4				0.1				2.5				2.5				2.4				2.4				2.8				(0.0	)			(0.3	)
Securitized assets (1)			2.4				1.4				3.7				3.9				6.3				15.5				16.3				(0.2	)			(12.6	)
Derivatives and derivative collateral			3.4				0.0				3.5				4.5				5.3				3.6				1.5				(1.1	)			2.0
Restricted cash and other assets			0.2				0.5				0.7				0.7				1.1				1.1				1.0				(0.0	)			(0.3	)
Cash, accounting and other less value sensitive assets			8.5				2.7				11.1				12.4				15.6				23.2				22.3				(1.3	)			(11.2	)
Mortgage servicing rights			2.0				—				2.0				2.0				1.7				2.0				2.4				0.1				(0.4	)
Other assets (2)			0.0				0.2				0.3				0.3				0.3				0.4				0.6				(0.0	)			(0.3	)
Assets of international operations held-for-sale			—				—				—				—				0.2				0.5				(0.0	)			—				0.0
Mortgage loans held-for-sale			0.3				1.8				2.1				2.1				2.7				2.5				3.2				(0.1	)			(1.1	)
Assets carried at fair or net realizable value			2.4				2.0				4.4				4.4				4.9				5.3				6.1				(0.1	)			(1.8	)
Total ResCap, LLC Assets		$	10.8			$	4.7			$	15.5			$	16.8			$	20.5			$	28.6			$	28.4			$	(1.3	)		$	(12.9	)
Other Mortgage Assets
Ally Bank HFI (3)		$	2.3			$	7.2			$	9.5			$	9.5			$	9.7			$	9.8			$	9.8			$	(0.1	)		$	(0.3	)
Ally Bank HFS			2.9				0.0				2.9				6.4				7.0				4.2				3.3				(3.5	)			(0.4	)
Ally Bank warehouse lines			0.8				—				0.8				1.5				2.0				1.8				1.2				(0.7	)			(0.4	)
Ally Bank MSR			1.7				(0.0	)			1.7				1.7				1.1				1.0				1.1				(0.1	)			0.6
Other non-ResCap assets (4)			0.6				0.0				0.6				0.7				0.7				0.7				0.6				(0.1	)			(0.0	)
Total Mortgage Operations Assets		$	19.2			$	11.8			$	31.0			$	36.8			$	41.0			$	46.0			$	44.5			$	(5.8	)		$	(13.5	)

 

(1)	03/31/2011 includes domestic securitized assets of $0.8 billion, international securitized assets of $0.4 billion and $2.4 billion of domestic HFS assets related to ResCap has the option, but not the obligation, to repurchase loans in off-balance sheet securitizations

(2)	Includes REO, AFS, trading securities, warehouse loans, model homes and other assets

(3)	03/31/2011 Legacy amount primarily consists of loans originated prior to 1/1/2009

(4)	Includes Ally Bank Cash, Accounts Receivables and Other Assets, as well as ResMor Trust and intercompany eliminations

 

1Q 2011 Preliminary Results		17

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ALLY FINANCIAL INC.
CORPORATE AND OTHER - CONDENSED FINANCIAL STATEMENTS

 

($ in millions)

 

		QUARTERLY TRENDS																				INC / (DEC) VS.
		1Q 11				4Q 10				3Q 10				2Q 10				1Q 10				4Q 10				1Q 10
Income Statement
Net financing loss
Total financing revenue and other interest income		$	47			$	41			$	43			$	40			$	31			$	6			$	16
Interest expense
Core original issue discount amortization (1)			296				301				310				292				296				(5	)			0
Other interest expense			273				289				286				239				245				(16	)			28
Total interest expense			569				590				596				531				541				(21	)			28
Net financing loss			(522	)			(544	)			(553	)			(492	)			(510	)			22				(12	)
Other revenue
Loss on extinguishment of debt			(39	)			—				(2	)			(3	)			(118	)			(39	)			79
Other gain on investments, net			25				35				32				47				32				(10	)			(7	)
Other income, net of losses			39				10				4				(8	)			(71	)			29				110
Total other revenue (expense)			25				45				34				36				(157	)			(20	)			182
Total net expense			(497	)			(499	)			(519	)			(456	)			(667	)			2				170
Provision for loan losses			(17	)			—				(68	)			11				15				(17	)			(32	)
Noninterest expense
Compensation and benefits expense			136				173				145				140				156				(37	)			(20	)
Other operating expense			8				(16	)			(28	)			(17	)			(27	)			24				35
Total noninterest expense			144				157				117				123				129				(13	)			15
Loss from cont. ops before income tax (benefit) expense		$	(624	)		$	(656	)		$	(568	)		$	(590	)		$	(811	)		$	32			$	187
Balance Sheet (Period-End)
Cash, trading and investment securities		$	21,940			$	20,452			$	18,419			$	20,923			$	19,682			$	1,488			$	2,258
Loans held-for-sale			6				—				—				5				34				6				(28	)
Finance receivables and loans, net
Consumer loans			(1	)			—				—				—				(1	)			(1	)			—
Commercial loans			1,408				1,704				2,385				2,855				2,846				(296	)			(1,438	)
Allowance for loan losses			(119	)			(135	)			(166	)			(349	)			(438	)			16				319
Total finance receivables and loans, net			1,288				1,569				2,219				2,506				2,407				(281	)			(1,119	)
Other assets			6,516				6,540				7,999				8,031				9,521				(24	)			(3,005	)
Total assets		$	29,750			$	28,561			$	28,637			$	31,465			$	31,644			$	1,189			$	(1,894	)
		2011				2012				2013				2014				2015				2016 and After
OID Amortization Schedule
Remaining Core OID Amortization (as of 3/31/2011)		$	616			$	337			$	249			$	175			$	48				Avg / Yr = $77

 

(1)	$30 million of accelerated OID amortization in 1Q11 and $101 million in 1Q10 included in extinguishment of debt

 

1Q 2011 Preliminary Results		18

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ALLY FINANCIAL INC. CREDIT RELATED INFORMATION

 

($ in millions)

 

		QUARTERLY TRENDS																				INC / (DEC) VS.
		1Q 11				4Q 10				3Q 10				2Q 10				1Q 10				4Q 10				1Q 10
Asset Quality - Consolidated (1)
Ending Loan Balance		$	106,488			$	101,398			$	95,770			$	90,371			$	86,468			$	5,090			$	20,020
30+ Accruing DPD		$	963			$	1,114			$	1,173			$	1,380			$	1,366			$	(151	)		$	(402	)
30+ Accruing DPD %			0.9	%			1.1	%			1.2	%			1.5	%			1.6	%
Non-Performing Loans (NPLs)		$	1,244			$	1,508			$	1,592			$	2,294			$	2,443			$	(264	)		$	(1,198	)
Net Charge-Offs (NCOs)		$	189			$	240			$	334			$	307			$	316			$	(51	)		$	(127	)
Net Charge-Off Rate (2)			0.7	%			1.0	%			1.4	%			1.4	%			1.5	%
Provision Expense		$	113			$	71			$	9			$	218			$	144			$	42			$	(31	)
Allowance Balance (ALLL)		$	1,806			$	1,873			$	2,054			$	2,377			$	2,480			$	(67	)		$	(673	)
ALLL as % of Loans (3)			1.7	%			1.8	%			2.1	%			2.6	%			2.9	%
ALLL as % of NPLs (3)			145.2	%			124.3	%			129.0	%			103.6	%			101.5	%
ALLL as % of NCOs (3)			239.1	%			194.8	%			153.8	%			193.3	%			196.1	%

 

(1)	Loans within this table are classified as held-for-investment recorded at historical cost as these loans are included in our allowance for loan losses

(2)	Net charge-off ratios are calculated as annualized net charge-offs divided by average outstanding finance receivables and loans excluding loans measured at fair value and loans held-for-sale

(3)	ALLL coverage ratios are based on the allowance for loan losses related to loans held-for-investment excluding those loans held at fair value as a percentage of the unpaid principal balance, net of premiums and discounts

 

1Q 2011 Preliminary Results		19

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ALLY FINANCIAL INC.
CREDIT RELATED INFORMATION, CONTINUED

 

 

($ in millions)

 

		QUARTERLY TRENDS																				INC / (DEC) VS.
		1Q 11				4Q 10				3Q 10				2Q 10				1Q 10				4Q 10				1Q 10
North American Auto
Consumer
Allowance balance		$	768			$	813			$	900			$	959			$	942			$	(45	)		$	(174	)
Total consumer loans		$	47,355			$	41,895			$	36,717			$	32,813			$	28,341			$	5,460			$	19,014
Coverage ratio			1.6	%			1.9	%			2.5	%			2.9	%			3.3	%
Commercial
Allowance balance		$	131			$	132			$	126			$	142			$	161			$	(1	)		$	(30	)
Total commercial loans		$	31,615			$	31,229			$	29,623			$	28,382			$	28,546			$	386			$	3,069
Coverage ratio			0.4	%			0.4	%			0.4	%			0.5	%			0.6	%
International Auto
Consumer
Allowance balance		$	148			$	156			$	150			$	161			$	178			$	(8	)		$	(29	)
Total consumer loans		$	9,513			$	9,359			$	9,378			$	8,900			$	9,773			$	154			$	(260	)
Coverage ratio			1.6	%			1.7	%			1.6	%			1.8	%			1.8	%
Commercial
Allowance balance		$	58			$	30			$	28			$	37			$	44			$	28			$	14
Total commercial loans		$	4,633			$	4,400			$	4,263			$	4,164			$	4,035			$	233			$	598
Coverage ratio			1.3	%			0.7	%			0.6	%			0.9	%			1.1	%
Mortgage HFI (1)
Consumer
Allowance balance		$	563			$	580			$	623			$	659			$	635			$	(17	)		$	(72	)
Total consumer loans		$	10,568			$	10,749			$	11,142			$	11,286			$	11,243			$	(181	)		$	(674	)
Coverage ratio			5.3	%			5.4	%			5.6	%			5.8	%			5.6	%
Non-performing loans		$	412			$	561			$	606			$	624			$	446			$	(149	)		$	(34	)
Allowance as a % of NPLs			136.6	%			103.4	%			102.9	%			105.6	%			142.3	%
Commercial
Allowance balance		$	18			$	26			$	60			$	70			$	82			$	(8	)		$	(64	)
Total consumer loans		$	913			$	1,659			$	2,211			$	2,002			$	1,542			$	(746	)		$	(629	)
Coverage ratio			1.9	%			1.6	%			2.7	%			3.5	%			5.3	%
Non-performing loans		$	92			$	110			$	136			$	167			$	237			$	(18	)		$	(145	)
Allowance as a % of NPLs			19.2	%			23.4	%			44.4	%			41.9	%			34.5	%

 

(1)	ALLL coverage ratios are based on the allowance for loan losses related to loans held-for-investment excluding those loans held at fair value as a percentage of the unpaid principal balance, net of premiums and discounts

 

1Q 2011 Preliminary Results		20

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ALLY FINANCIAL INC.
CREDIT RELATED INFORMATION, CONTINUED

 

 

($ in millions)

 

		QUARTERLY TRENDS																				INC / (DEC) VS.
		1Q 11				4Q 10				3Q 10				2Q 10				1Q 10				4Q 10				1Q 10
Global Auto Delinquencies - Managed Retail Contract Amount (1)
Nuvell delinquent contract $		$	142			$	229			$	262			$	403			$	362			$	(87	)		$	(220	)
Delinquent contract $ (excluding Nuvell)		$	663			$	765			$	805			$	864			$	888			$	(102	)		$	(224	)
% of retail contract $ outstanding			1.42	%			1.94	%			2.26	%			2.93	%			2.87	%
% of retail contract $ outstanding (excluding Nuvell)			1.21	%			1.57	%			1.81	%			2.16	%			2.22	%
Global Auto Annualized Credit Losses - Managed Retail Contract Amount
Nuvell credit losses		$	26			$	36			$	46			$	36			$	94			$	(10	)		$	(68	)
Credit losses (excluding Nuvell)		$	85			$	72			$	90			$	75			$	131			$	13			$	(45	)
% of avg. managed assets			0.83	%			0.88	%			1.20	%			1.05	%			2.04	%
% of avg. managed assets (excluding Nuvell)			0.66	%			0.62	%			0.85	%			0.77	%			1.30	%
North American Auto
Annualized consumer net charge-offs as a % of on-balance sheet assets			0.83	%			0.92	%			1.29	%			1.03	%			2.30	%
Managed retail contracts over 30 days delinquent			1.34	%			2.02	%			2.35	%			3.14	%			3.07	%
Repossessions as a % of average number of managed retail contracts outstanding Severity of loss per unit serviced - Retail			1.67	%			2.23	%			2.60	%			2.40	%			3.46	%
New		$	7,907			$	8,314			$	8,094			$	8,495			$	8,951			$	(408	)		$	(1,044	)
Used		$	6,322			$	6,920			$	6,872			$	6,996			$	7,504			$	(598	)		$	(1,182	)
Lease residual value (sales proceeds as % of ALG)			122	%			119	%			119	%			115	%			112	%
International Auto
Annualized consumer net charge-offs as a % of on-balance sheet assets			0.80	%			0.72	%			0.87	%			1.09	%			1.24	%
Managed retail contracts over 30 days delinquent			1.81	%			1.56	%			1.92	%			2.15	%			2.25	%
Repossessions as a % of average number of managed retail contracts outstanding			0.68	%			0.59	%			0.63	%			0.71	%			0.60	%

 

(1)	$ Amount of accruing contracts greater than 30 days past due

 

1Q 2011 Preliminary Results		21

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ALLY FINANCIAL INC.
CAPITAL

 

($ in billions)

 

		QUARTERLY TRENDS																				INC / (DEC) VS.
		1Q 11				4Q 10				3Q 10				2Q 10				1Q 10				4Q 10				1Q 10
Cost of Funds
Ally Financial’s worldwide cost of borrowing (incl. OID)			5.1	%			5.3	%			5.2	%			5.1	%			5.5	%
Ally Financial’s worldwide cost of borrowing (excl. OID)			4.1	%			4.3	%			4.2	%			4.1	%			4.4	%
Capital
Risk-weighted assets		$	150.8			$	148.0			$	147.0			$	146.2			$	148.4			$	2.8			$	2.4
Tier 1 capital ratio			14.7	%			15.0	%			15.4	%			15.3	%			14.9	%
Tier 1 common capital ratio			8.4	%			8.6	%			5.3	%			5.2	%			5.0	%
Total risk-based capital ratio			16.0	%			16.4	%			16.8	%			16.8	%			16.4	%
Tangible common equity / Tangible assets			7.5	%			7.6	%			4.8	%			4.6	%			4.4	%
Tangible common equity / Risk-weighted assets			8.6	%			8.8	%			5.6	%			5.5	%			5.3	%
($ in billions)
		QUARTERLY TRENDS																				INC / (DEC) VS.
		1Q 11				4Q 10				3Q 10				2Q 10				1Q 10				4Q 10				1Q 10
Shareholders’ equity		$	20.4			$	20.5			$	21.0			$	20.8			$	20.5			$	(0.1	)		$	(0.1	)
less: Goodwill and certain other intangibles			(0.5	)			(0.5	)			(0.5	)			(0.5	)			(0.5	)			—				—
Unrealized (gains) losses and other adjustments			(0.3	)			(0.3	)			(0.4	)			(0.4	)			(0.5	)			—				0.2
Trust preferred securities			2.5				2.5				2.5				2.5				2.5				—				—
Tier 1 capital		$	22.1			$	22.2			$	22.6			$	22.4			$	22.1			$	(0.1	)		$	—
Tier 1 Capital		$	22.1			$	22.2			$	22.6			$	22.4			$	22.1			$	(0.1	)		$	—
less: Preferred equity			(6.9	)			(7.0	)			(12.2	)			(12.2	)			(12.2	)			0.1				5.3
Trust preferred securities			(2.5	)			(2.5	)			(2.5	)			(2.5	)			(2.5	)			—				—
Tier 1 common capital		$	12.7			$	12.7			$	7.8			$	7.7			$	7.4			$	—			$	5.3
Tier 1 capital		$	22.1			$	22.2			$	22.6			$	22.4			$	22.1			$	(0.1	)		$	—
add: Qualifying subordinated debt and redeemable preferred stock			0.2				0.2				0.2				0.2				0.2				—				—
Allowance for loan and lease losses includible in Tier 2 capital			1.7				1.8				1.9				2.0				2.1				(0.1	)			(0.4	)
Total risk-based capital		$	24.1			$	24.2			$	24.7			$	24.6			$	24.4			$	(0.1	)		$	(0.3	)
Total shareholders’ equity		$	20.4			$	20.5			$	21.0			$	20.8			$	20.5			$	(0.1	)		$	(0.1	)
less: Preferred equity			(6.9	)			(7.0	)			(12.2	)			(12.2	)			(12.2	)			0.1				5.3
Goodwill and intangible assets			(0.5	)			(0.5	)			(0.5	)			(0.5	)			(0.5	)			(0.0	)			(0.0	)
Tangible common equity		$	12.9			$	13.0			$	8.3			$	8.1			$	7.8			$	(0.1	)		$	5.1
Total assets		$	173.7			$	172.0			$	173.2			$	176.8			$	179.4			$	1.7			$	(5.7	)
less: Goodwill and intangible assets			(0.5	)			(0.5	)			(0.5	)			(0.5	)			(0.5	)			(0.0	)			(0.0	)
Tangible assets		$	173.2			$	171.5			$	172.7			$	176.3			$	178.9			$	1.7			$	(5.7	)

 

Note: Numbers may not foot due to rounding

 

1Q 2011 Preliminary Results		22

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ALLY FINANCIAL INC.
LIQUIDITY

 

 

		3/31/2011								12/31/2010								INC / (DEC)
Available Liquidity ($ in billions)		Parent (1)				Ally Bank				Parent (1)				Ally Bank				Parent (1)				Ally Bank
Cash and cash equivalents		$	7.6			$	3.7			$	6.7			$	3.1			$	0.9			$	0.6
Unencumbered securities (2)			1.2				5.0				2.3				4.4				(1.1	)			0.6
Current committed unused capacity (3)			10.9				4.9				11.1				3.8				(0.2	)			1.1
Subtotal		$	19.7			$	13.6			$	20.1			$	11.3			$	(0.4	)		$	2.3
Ally Bank intercompany loan (4)			2.3				(2.3	)			3.7				(3.7	)			(1.4	)			1.4
Total available liquidity		$	22.0			$	11.3			$	23.8			$	7.6			$	(1.8	)		$	3.7
Unsecured Long-Term Debt Maturity Profile ($ in billions)		2011				2012				2013				2014				2015				2016 and After
Consolidated remaining maturities		$	7.1			$	12.8			$	1.9			$	4.2			$	3.7			$	20.5

 

(1)	Parent defined as Ally Consolidated less Ally Bank, ResCap (not shown) and Insurance (not shown)

(2)	Includes UST, Agency debt and Agency MBS

(3)	Includes equal allocation of shared unused capacity totaling $3.93 billion in 1Q and $3.89 billion at year end which can be used by Ally Bank or the Parent (including international subsidiaries)

(4)	To optimize use of cash and secured facility capacity between entities, Ally Financial lends cash to Ally Bank from time to time under an intercompany loan agreement. Amounts outstanding on this loan are repayable to Ally Financial at any time, subject to 5 days notice.

 

1Q 2011 Preliminary Results		23

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ALLY FINANCIAL INC.
DEPOSITS

 

($ in millions)

 

		QUARTERLY TRENDS																				INC / (DEC) VS.
		1Q 11				4Q 10				3Q 10				2Q 10				1Q 10				4Q 10				1Q 10
Key Statistics
Average retail CD maturity (months)			24.1				22.8				21.0				19.0				16.0				1.3				8.1
Average retail deposit rate			1.6	%			1.7	%			1.8	%			1.8	%			2.0	%
CD balances up for renewal		$	1,891			$	2,172			$	1,557			$	3,360			$	3,050			$	(280	)		$	(1,159	)
CD balances retained (1)			1,632				1,841				1,363				2,747				2,186				(209	)			(554	)
Retention rate			86	%			85	%			88	%			82	%			72	%
Ally Financial Deposits Levels
Ally Bank retail		$	23,469			$	21,817			$	20,504			$	18,690			$	17,672			$	1,652			$	5,798
Ally Bank brokered			9,836				9,992				9,978				9,858				9,757				(157	)			79
ResMor Trust			3,417				3,351				3,232				2,891				2,119				65				1,297
Other			3,974				3,887				4,242				3,783				3,309				87				665
Total deposits		$	40,696			$	39,048			$	37,957			$	35,222			$	32,857			$	1,648			$	7,839

 

(1)	Retention includes balances retained in any Ally Bank product

 

1Q 2011 Preliminary Results		24

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ALLY FINANCIAL INC.
ALLY BANK CONSUMER MORTGAGE HFI PORTFOLIO (PERIOD-END)

 

($ in billions)

 

		HISTORICAL QUARTERLY TRENDS
		3/31/2011				12/31/2010				9/30/2010				6/30/2010				3/31/2010				9/30/2009
Loan Value
Gross Carry Value		$	10.0			$	10.1			$	10.3			$	10.4			$	10.4			$	13.8
Net Carry Value		$	9.5			$	9.5			$	9.7			$	9.8			$	9.8			$	13.1
Estimated Pool Characteristics
% Prime Jumbo (> 1/1/2009)			23.0	%			20.6	%			18.7	%			16.2	%			12.4	%			5.0	%
% Second Lien			15.4	%			15.9	%			16.4	%			17.1	%			18.0	%			21.4	%
% Interest Only			34.9	%			36.5	%			38.6	%			40.2	%			41.2	%			44.4	%
% 30+ Day Delinquent			3.5	%			3.9	%			3.8	%			4.0	%			3.9	%			9.5	%
% Low/No Documentation			17.4	%			18.0	%			18.3	%			18.8	%			19.7	%			27.7	%
% Non-primary Residence			4.3	%			4.4	%			4.5	%			4.6	%			4.8	%			5.5	%
Refreshed FICO			729				729				730				730				727				705
Wtd. Avg. LTV/CLTV (1)			90.7	%			89.5	%			90.0	%			90.1	%			90.7	%			106.0	%
High Risk Geographies (2)			38.6	%			38.8	%			39.0	%			39.0	%			38.8	%			43.2	%

 

(1)	Updated home values derived using a combination of Appraisals, BPOs, AVMs and MSA level house price indices

(2)	Includes CA, FL, MI and AZ

 

1Q 2011 Preliminary Results		25

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ALLY FINANCIAL INC. MORTGAGE REPURCHASE RESERVES

 

($ in millions)

 

Mortgage Repurchase Reserves		1Q 10				2Q 10				3Q 10				4Q 10				1Q 11
Beginning reserve balance		$	1,263			$	890			$	855			$	1,128			$	830
Repurchase reserve expense			49				97				344				180				26
Other additions			1				25				8				37				6
Loss experience, net (1)			(423	)			(156	)			(80	)			(515	)			(32	)
Ending reserve balance		$	890			$	855			$	1,128			$	830			$	830
Outstanding Claims by Counterparty (2) (3)		1Q 10				2Q 10				3Q 10				4Q 10				1Q 11
GSEs		$	229			$	190			$	218			$	170			$	98
Monoline			596				601				632				661				667
Other			40				37				38				88				73
Total		$	865			$	827			$	889			$	918			$	838
New Claims Trends		1Q 10				2Q 10				3Q 10				4Q 10				1Q 11				Mix (1Q10 -  1Q11)
Pre 2004		$	13			$	11			$	11			$	12			$	7				4	%
2005			17				10				17				14				7				5	%
2006			86				47				67				35				15				20	%
2007			159				96				108				98				24				39	%
2008			108				56				61				31				25				22	%
Post 2008			9				5				17				29				53				9	%
Unspecified			—				—				1				3				2				0	%
Total Claims		$	392			$	225			$	281			$	222			$	133				100	%

 

(1)	Includes settlement amounts

(2)	Includes claims that Ally has requested to be rescinded but not yet confirmed by the counterparty

(3)	Represents current UPB and requested make-whole amounts for claims and does not represent expected losses

 

1Q 2011 Preliminary Results		26

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ALLY FINANCIAL INC. DISCONTINUED OPERATIONS, NET OF TAX

 

($ in millions)

 

		QUARTERLY TRENDS																				INC / (DEC) VS.
Impact of Discontinued Operations by Segment		1Q 11				4Q 10				3Q 10				2Q 10				1Q 10				4Q 10				1Q 10
International Automotive Finance (1)		$	(31	)		$	(88	)		$	39			$	65			$	(4	)		$	57			$	(27	)
Insurance (1)			7				(20	)			3				(1	)			(4	)			27				11
Global Automotive Services			(24	)			(108	)			42				64				(8	)			84				(16	)
Mortgage Origination and Servicing			—				—				—				—				—				—				—
Legacy Portfolio and Other			—				(9	)			(51	)			98				13				9				(13	)
Mortgage Operations			—				(9	)			(51	)			98				13				9				(13	)
Corporate and Other			—				—				1				1				6				—				(6	)
Consolidated net (loss) income		$	(24	)		$	(117	)		$	(8	)		$	163			$	11			$	93			$	(35	)
Total Assets (Period-End)		$	523			$	690			$	1,592			$	12,039			$	13,239			$	(167	)		$	(12,716	)
Businesses classified as discontinued operations as of 3/31/2011
Automotive Finance
Australia
Russia
Venezuela
Insurance
U.K. P&C (2)

 

(1)	Includes certain income tax activity recognized by Corporate and Other

(2)	Definitive agreement signed in April 2011

 

1Q 2011 Preliminary Results		27

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ALLY FINANCIAL INC. OWNERSHIP

 

($ in millions)

Common Ownership as of 3/31/2011

Other Tier 1 Capital as of 03/31/11

 

				Liquidation				Book
Series		Owner		Preference				Value
Trust Preferred Securities (1)		Investors		$	2,667			$	2,541
Series F-2 Mandatory Convertible Preferred (1)		U.S. Treasury		$	5,938			$	5,685
Series G Perpetual Preferred		Investors		$	2,577			$	234
Series A Perpetual Preferred		Investors		$	1,022			$	1,021

 

(1)	Includes exercised warrants

 

1Q 2011 Preliminary Results		28