NISSAN AUTO LEASING LLC II - FORM 8-K - EX-99.1 - September 23, 2011

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EXHIBIT 99.1
Distribution Tables of Composition of Receivables as of August 31, 2011 (the Cut-off Date)
Set forth below is information as of August 31, 2011 (the “Cut-off Date”) regarding the characteristics of the final pool of receivables to be sold to Nissan Auto Lease Trust 2011-B on or about September 28, 2011. This information is being filed for informational purposes only. There is no material variance between the characteristics of the receivables in the statistical pool described in the prospectus supplement and the receivables in the pool as of the Cut-off Date.
Characteristics of Receivables as of the Cut-off Date:
                         
    Average   Minimum   Maximum
Securitization Value
   $ 22,330.17     $ 7,211.55     $ 94,655.34  
Base Residual
   $ 15,151.74     $ 4,991.30     $ 55,098.00  
Seasoning (Months)(1)(2)
     11       2       39  
Remaining Term (Months)(1)
     29       12       58  
Original Term (Months)(1)
     39       36       60  
Discounted Base Residual as a % of Securitization Value
     57.32 %                
Base Residual as a % of MSRP
     48.12 %                
Percentage of Securitization Value Financed
   Nissan 72.27 %                
through Nissan or Infiniti Dealers
   Infiniti 27.73 %                
 
(1)   Weighted average by Securitization Value as of the Statistical Cutoff Date.
 
(2)   Seasoning is the number of months elapsed since origination of a Lease.
FICO® Score Distribution of the Receivables
                                 
                            Percentage of  
            Percentage of             Aggregate  
    Number     Total Number of     Aggregate     Securitization  
FICO® Score Range   of Leases     Leases(1)     Securitization Value(1)     Value(1)  
Unavailable
     153       0.29 %   $ 4,418,047.67       0.38 %
551 — 600
     26       0.05       585,255.35       0.05  
601 — 650
     3,138       6.00       70,747,343.42       6.05  
651 — 700
     9,498       18.15       210,648,314.79       18.02  
701 — 750
     13,084       25.00       290,469,698.78       24.85  
751 — 800
     12,648       24.17       284,947,311.59       24.38  
801 — 850
     12,598       24.07       280,739,296.41       24.02  
851 — 900
     1,192       2.28       26,138,731.35       2.24  
 
                        
Total
     52,337       100.00 %   $ 1,168,693,999.35       100.00 %
 
                        
 
Based on a Securitization Rate of 7.00%.
 
(1)   Balances and percentages may not add to total due to rounding.

 

 

Distribution of the Leased Vehicles by Model
                                 
                            Percentage of  
                    Aggregate     Aggregate  
    Number     Percentage of Total     Securitization     Securitization  
Models   of Leases     Number of Leases(1)     Value(1)     Value(1)  
Altima
     12,992       24.82 %   $ 239,047,783.27       20.45 %
G37
     5,875       11.23       176,522,723.72       15.10  
Maxima
     6,969       13.32       175,839,722.06       15.05  
Rogue
     7,216       13.79       137,716,745.10       11.78  
Sentra
     6,156       11.76       86,845,646.31       7.43  
Murano
     3,672       7.02       85,462,026.48       7.31  
M37
     1,092       2.09       41,502,669.93       3.55  
QX56
     614       1.17       32,089,575.60       2.75  
Pathfinder
     1,206       2.30       28,108,838.44       2.41  
FX35
     745       1.42       24,717,584.72       2.11  
Armada
     702       1.34       23,558,360.62       2.02  
Altima Coupe
     1,164       2.22       23,250,249.12       1.99  
G25
     761       1.45       20,326,652.58       1.74  
EX35
     661       1.26       17,935,791.70       1.53  
Frontier
     647       1.24       13,323,387.07       1.14  
370Z
     233       0.45       7,183,037.82       0.61  
M35
     195       0.37       5,847,190.43       0.50  
Juke
     279       0.53       5,569,105.61       0.48  
Cube
     399       0.76       5,190,201.04       0.44  
Versa
     357       0.68       4,825,656.22       0.41  
M56
     87       0.17       4,035,923.18       0.35  
Quest
     127       0.24       3,694,722.52       0.32  
Xterra
     102       0.19       2,229,927.92       0.19  
GT-R
     28       0.05       2,179,621.08       0.19  
FX50
     21       0.04       802,634.14       0.07  
Titan
     22       0.04       557,536.66       0.05  
G35
     14       0.03       292,015.34       0.02  
M45
     1       0.00 (2)     38,670.69       0.00 (2)
 
                        
Total
     52,337       100.00 %   $ 1,168,693,999.35       100.00 %
 
                        
 
Based on a Securitization Rate of 7.00%.
 
(1)   Balances and percentages may not add to total due to rounding.
 
(2)   Less than 0.01% but greater than 0.00%.
Distribution of the Leased Vehicles by Vehicle Type
                                 
                            Percentage of  
                    Aggregate     Aggregate  
    Number     Percentage of Total     Securitization     Securitization  
Vehicle Type   of Leases     Number of Leases(1)     Value(1)     Value(1)  
Car
     36,450       69.64 %   $ 796,622,485.31       68.16 %
Crossover
     12,594       24.06       272,203,887.74       23.29  
SUV
     2,624       5.01       85,986,702.57       7.36  
Truck
     669       1.28       13,880,923.73       1.19  
 
                        
Total
     52,337       100.00 %   $ 1,168,693,999.35       100.00 %
 
                        
 
Based on a Securitization Rate of 7.00%.
 
(1)   Balances and percentages may not add to total due to rounding.

 

 

Distribution of the Leases by Original Lease Term
                                 
                            Percentage of  
                    Aggregate     Aggregate  
    Number     Percentage of Total     Securitization     Securitization  
Months   of Leases     Number of Leases(1)     Value(1)     Value(1)  
36 or Fewer
     144       0.28 %   $ 4,627,885.84       0.40 %
37 to 42
     51,706       98.79       1,146,595,946.11       98.11  
43 to 48
     313       0.60       11,647,128.03       1.00  
49 to 60
     174       0.33       5,823,039.37       0.50  
 
                        
Total
     52,337       100.00 %   $ 1,168,693,999.35       100.00 %
 
                        
 
Based on a Securitization Rate of 7.00%.
 
(1)   Balances and percentages may not add to total due to rounding.
Distribution of the Leases by Remaining Lease Term
                                 
                            Percentage of  
                    Aggregate     Aggregate  
    Number     Percentage of Total     Securitization     Securitization  
Months   of Leases     Number of Leases(1)     Value(1)     Value(1)  
1 to 12
     452       0.86 %   $ 8,200,074.13       0.70 %
13 to 18
     3,994       7.63       76,138,259.01       6.51  
19 to 24
     11,557       22.08       244,935,818.17       20.96  
25 to 30
     14,560       27.82       331,740,763.46       28.39  
31 to 36
     17,237       32.93       401,783,956.31       34.38  
37 to 42
     4,250       8.12       95,287,405.70       8.15  
43 to 48
     130       0.25       5,157,783.57       0.44  
49 to 54
     64       0.12       2,347,306.95       0.20  
55 to 60
     93       0.18       3,102,632.06       0.27  
 
                        
Total
     52,337       100.00 %   $ 1,168,693,999.35       100.00 %
 
                        
 
Based on a Securitization Rate of 7.00%.
 
(1)   Balances and percentages may not add to total due to rounding.

 

 

Distribution of the Leases by Quarter of Maturity
                                                 
            Percentage             Percentage of                
            of Total     Aggregate     Aggregate             Percentage of  
    Number     Number of     Securitization     Securitization     Aggregate     Aggregate Base  
Maturity Date   of Leases     Leases(1)     Value(1)     Value(1)     Base Residual(1)     Residual(1)  
Third Quarter 2012
     452       0.86 %   $ 8,200,074.13       0.70 %   $ 6,629,433.65       0.84 %
Fourth Quarter 2012
     1,533       2.93       28,032,810.70       2.40       21,936,871.46       2.77  
First Quarter 2013
     2,461       4.70       48,105,448.31       4.12       36,657,289.45       4.62  
Second Quarter 2013
     4,076       7.79       86,935,515.30       7.44       64,347,788.32       8.11  
Third Quarter 2013
     7,481       14.29       158,000,302.88       13.52       112,392,958.94       14.17  
Fourth Quarter 2013
     7,089       13.54       159,118,271.49       13.62       109,582,219.51       13.82  
First Quarter 2014
     7,471       14.27       172,622,491.97       14.77       117,037,737.46       14.76  
Second Quarter 2014
     8,086       15.45       189,895,911.37       16.25       126,861,804.81       16.00  
Third Quarter 2014
     9,151       17.48       211,888,044.94       18.13       134,460,459.95       16.96  
Fourth Quarter 2014
     4,147       7.92       91,302,690.46       7.81       56,224,373.23       7.09  
First Quarter 2015
     103       0.20       3,984,715.24       0.34       2,089,614.79       0.26  
Second Quarter 2015
     118       0.23       4,792,128.10       0.41       2,366,549.25       0.30  
Third Quarter 2015
     12       0.02       365,655.47       0.03       156,419.05       0.02  
Fourth Quarter 2015
     14       0.03       509,906.74       0.04       217,911.30       0.03  
First Quarter 2016
     50       0.10       1,837,400.20       0.16       776,268.40       0.10  
Second Quarter 2016
     87       0.17       2,933,562.61       0.25       1,190,557.61       0.15  
Third Quarter 2016
     6       0.01       169,069.45       0.01       68,207.10       0.01  
 
                                    
Total
     52,337       100.00 %   $ 1,168,693,999.35       100.00 %   $ 792,996,464.28       100.00 %
 
                                    
 
Based on a Securitization Rate of 7.00%.
 
(1)   Balances and percentages may not add to total due to rounding.

 

 

Distribution of the Leases by State
                                 
            Percentage of     Aggregate     Percentage of  
    Number     Total Number of     Securitization     Aggregate  
State   of Leases(1)     Leases(1)(2)     Value(1)(2)     Securitization Value(1)(2)  
New Jersey
     7,626       14.57 %   $ 174,746,412.72       14.95 %
Florida
     7,115       13.59       165,838,016.67       14.19  
New York
     7,339       14.02       143,554,975.14       12.28  
California
     3,326       6.35       80,618,468.07       6.90  
Pennsylvania
     3,561       6.80       75,074,205.01       6.42  
Texas
     2,550       4.87       65,195,552.40       5.58  
Ohio
     2,616       5.00       56,088,121.98       4.80  
Massachusetts
     2,369       4.53       48,636,433.86       4.16  
Connecticut
     1,936       3.70       40,720,702.82       3.48  
Illinois
     1,480       2.83       35,168,785.66       3.01  
Michigan
     1,436       2.74       29,596,467.31       2.53  
Georgia
     968       1.85       23,668,509.75       2.03  
Minnesota
     876       1.67       18,209,758.00       1.56  
Indiana
     797       1.52       16,476,947.14       1.41  
North Carolina
     646       1.23       15,714,415.09       1.34  
Virginia
     602       1.15       14,890,910.17       1.27  
Wisconsin
     657       1.26       13,715,480.42       1.17  
Arizona
     499       0.95       12,262,191.33       1.05  
Maryland
     453       0.87       12,044,819.99       1.03  
Missouri
     441       0.84       10,220,337.70       0.87  
New Hampshire
     463       0.88       9,618,047.00       0.82  
Tennessee
     342       0.65       8,902,734.18       0.76  
Colorado
     369       0.71       8,628,007.22       0.74  
Nevada
     366       0.70       8,112,718.35       0.69  
Rhode Island
     356       0.68       7,525,613.94       0.64  
Iowa
     345       0.66       7,392,094.70       0.63  
Louisiana
     281       0.54       7,272,713.99       0.62  
Washington
     270       0.52       6,853,676.05       0.59  
South Carolina
     243       0.46       5,719,835.30       0.49  
Alabama
     220       0.42       5,599,141.04       0.48  
Kentucky
     195       0.37       4,382,409.61       0.37  
Nebraska
     193       0.37       3,910,847.22       0.33  
Utah
     156       0.30       3,778,142.76       0.32  
Kansas
     160       0.31       3,775,266.04       0.32  
Delaware
     161       0.31       3,633,754.16       0.31  
Maine
     143       0.27       2,912,451.60       0.25  
Oregon
     97       0.19       2,741,405.48       0.23  
Mississippi
     99       0.19       2,303,429.39       0.20  
Vermont
     116       0.22       2,210,256.17       0.19  
Hawaii
     96       0.18       2,179,934.78       0.19  
Oklahoma
     74       0.14       1,979,108.34       0.17  
West Virginia
     58       0.11       1,266,316.60       0.11  
District of Columbia
     48       0.09       1,261,955.27       0.11  
North Dakota
     46       0.09       942,375.84       0.08  
South Dakota
     43       0.08       906,289.36       0.08  
New Mexico
     31       0.06       757,197.05       0.06  
Arkansas
     23       0.04       590,182.09       0.05  
Idaho
     23       0.04       464,038.27       0.04  
Wyoming
     13       0.02       318,176.41       0.03  
Montana
     11       0.02       258,345.17       0.02  
Alaska
     3       0.01       56,024.75       0.00 (3)
 
                        
Total
     52,337       100.00 %   $ 1,168,693,999.35       100.00 %
 
                        
 
Based on a Securitization Rate of 7.00%.
 
(1)   Based on the billing addresses of lessees.
 
(2)   Balances and percentages may not add to total due to rounding.
 
(3)   Less than 0.01% but greater than 0.00%.