December 31, 2016 Presentation
December 31, 2016 Presentation Forward-Looking Information This - - PowerPoint PPT Presentation
December 31, 2016 Presentation Forward-Looking Information This - - PowerPoint PPT Presentation
December 31, 2016 Presentation Forward-Looking Information This presentation contains forward-looking statements. These forward-looking statements are not based on historical facts, but rather on current expectations, forecasts, estimates,
Forward-Looking Information
This presentation contains forward-looking statements. These forward-looking statements are not based on historical facts, but rather
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current expectations, forecasts, estimates, and projections about global, national and regional economic conditions as well as industries that are major markets for Starrex International, Ltd. and projections about future events. These forward-looking statements are subject to risks and
- uncertainties. These risks and uncertainties could cause actual
results to differ materially from the future results expressed or implied by the forward-looking statements. Therefore, all statements, other than statements of historical fact, are to be considered forward-looking. There can be no assurances that such forward-looking statements will prove accurate and, therefore, readers are cautioned that such statements may differ materially from actual future events. Readers are referred to the documents, filed by the Company
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Sedar at www.sedar.com, and more specifically such recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements.
Starrex International, Ltd. is a provider of financial services to mortgage banks and purchasers
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residential real estate. Starrex’s subsidiary, Property Interlink, LLC, is a licensed appraisal management company(“AMC”) providing comprehensive evaluations
- f residential real estate. Property Interlink is licensed
and active in active in thirty-eight states within the U.S. as of December 31 2016, with near term plans for
- rganic growth.
Discovery phase acquisition targets are under review.
Executive Summary
Existing Blue, Expansion Red
Capital & Share Structure
Shares Outstanding 14,480,827 Options Outstanding 750,000 Fully Diluted Shares 15,230,827 Market Capitalization OTC QB December 31, 2016 $14.5M US Net income (loss) 9 months September 30, 2016 ($639,466) US Cash & Receivables September 30, 2016 $483,079 US Total Shareholders, December 31, 2016 799
OTCQB: STXMF Listing Date: May 15, 2015 CSE: STX Listing Date: December 10, 2013
Mgmt & Directors 26% Other 74%
PERCENTAGE OF SHARES
2016 Highlights
- Property Interlink, LLC expanded the footprint, added licensing and operations in over 10 States.
- Licensed / operating in 38 States as of December 31, 2016
- Gross Revenue in the quarter ending September 30, 2016 at an all time high of $1,815,625 US
What is an Appraisal Management Company?
An Appraisal Management Company “AMC” is an independent entity through which mortgage lenders order residential real estate valuation services for properties on which they are considering extending loans to homebuyers.
Appraisal Management Statistics
- Appraisal units increased from 730 per
month in January 2015 to a peak of 1,374 per month in August of 2016.
* Data as of December 31, 2016
200 400 600 800 1000 1200 1400 1600 0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
Number of Appraisals Net Appraisal Revenue
Property Interlink LLC 2015-2016 Operational Statistics
Net Revenue # Appraisals Linear (Net Revenue)
Competency Innovation Competencies
Value Creation
Cost Value Realization Revenue Value Planning
Business Model
Starrex has an
- perational
advantage
- ver
the traditional Appraisal Management Company, “AMC”. While most AMC’s utilize independent contractors, Starrex hires staff appraisers to perform services. The employee appraiser model affords Starrex and its subsidiaries more control
- ver
services rendered, thereby reducing turn times for delivery of product and ensuring internal quality control. Expansion of the Starrex footprint is focused on:
- Organic growth through relationships with
mortgage banks.
- Acquisitions of existing mortgage service’s
business;
Expansion
During 2016, Starrex expanded licensing and operations in more than 10 states, aligning the appraisal management company with banking relationships. Starrex is in the discovery phase of strategic acquisitions and targets. Existing Expansion Starrex operates in: Alabama Maine Oklahoma Alaska Maryland Oregon Arizona Massachusetts Puerto Rico Arkansas Missouri Rhode Island California Montana South Carolina Colorado Nebraska South Dakota Florida Nevada Texas Georgia New Jersey Utah Hawaii New Mexico Virginia Indiana New York Washington, DC Kansas North Carolina Washington Louisiana Ohio Wyoming Starrex targeted expansion states: Minnesota Michigan West Virginia Mississippi
Mortgage Service Industry
Mortgage services, such as appraisal management companies, are critical to the mortgage industry. On average, more than 89 million homes are sold or refinanced in the United States each year. Each of these sales requires an appraisal to facilitate the close of a residential mortgage. With a current $6.5 billion market size, the appraisal industry is significant with annual growth averaging 7.6%.
*Source: Trading Economics; Mortgage Bankers Association
71.71 29.37 165.97
- 20
40 60 80 100 120 140 160 180 2013 2014 2015 Mortgage Applications in millions
United States Mortgage Applications
Competition: Appraisal Management
There are thousands
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appraisal management companies (“AMC”) in the United States. The top four AMC’s during 2014 grossed more than $800 million in revenue. All of these AMCs had independent vs staff appraisers.
Starrex is not aware of any comparable or larger AMC operating with the staff appraiser model.
50 100 150 200 250 TSI Appraisal Streetlinks Solidifi CoreLogic 250 200 150
200
$ IN MILLIONS
Top Appraisal Management Companies
Financial Highlights
- Gross revenue reached an all time high in
September 2016 of $1,815,625.
- Revenues
follow the seasonal housing market, with downturns in the last quarter and lower housing sales in the United States, and upturns into the summer.
- 200,000
400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2,000,000 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16
Property Interlink, LLC
Revenue by Quarter
Management & Directors
Matthew D. Hill – Chairman, C.E.O. President
Senior Vice President, Starrex to November 2016, previously President Property Interlink, senior level executive in mortgage industry for past several years, including mortgage originations, appraisal services, real estate and construction; Entrepreneur; previously COO of publicly traded industrial services company, Athletic Director for Klein Youth Lacrosse.
Ronald K. Mann – COO, Investor Relations Officer, Director, Audit Committee Member
Businessman; previously CEO of two publicly traded mining companies, CFO and Director of the Investment Dealer subsidiary of a Canadian Chartered Bank, Director of publicly listed companies for over 25 years, member of the Law Society of Upper Canada since 1977.
- Dr. Deborah M. Ramirez, CFA – Chief Financial Officer
Capital Markets Specialist; Entrepreneur; previously CFO of publicly listed manufacturing and holding companies, CFO and Director of holding company for mortgage originations, servicing and REO, Chartered Financial Analyst and Financial Consultant.
Management & Directors
- P. Garrett Clayton – Director
Chief Executive Officer and Principal of Amcap Mortgage Ltd., a mortgage bank and direct residential mortgage lender based in Houston, Texas; Principal and managing partner of Clayton & Ramirez, Attorneys and Counsellors at Law, PLLC
Charles Burns – Director, Audit Committee Chairman
Businessman and real estate investor; Director of Phoenix Canada Oil Company Limited, a publicly traded company listed on the TSXV Exchange, Canada.
Garfield J. Last – Director
President of Mind and Management Corporation, Turks & Caicos, BWI, a company that provides Director and Officer services for Investment Companies resident in the Turks & Caicos Islands, British Virgin Islands and
- Bermuda. Mr. Last has been a Director and Officer of significant private companies for over 40 years. From
1982 to 1986, Mr. Last was the President and Director of Barrick Gold Corporation, currently the world’s largest gold producer. Registered Professional Engineer in the Province of Alberta, Canada.
Stock Performance – OTCQB update
Snapshot January 25, 2017
$0.00 $0.20 $0.40 $0.60 $0.80 $1.00 $1.20 $1.40 $1.60 5,000 10,000 15,000 20,000 25,000 2015-01-05 2015-01-21 2015-01-26 2015-02-06 2015-02-17 2015-03-26 2015-04-22 2015-04-27 2015-05-14 2015-05-27 2015-05-29 2015-06-03 2015-06-05 2015-06-19 2015-06-30 2015-07-10 2015-07-20 2015-07-22 2015-07-28 2015-08-21 2015-09-17 2015-10-19 2015-10-26 2015-11-03 2015-11-11 2015-11-13 2015-12-02 2015-12-15 2016-02-26 2016-04-01 2016-04-25 2016-05-31 2016-08-22 2016-09-29 2016-10-27
Starrex International, Ltd. Stock Performance - OTCQB
Volume Close
Contact Us
OTCQB: STXMF CSE: STX
Ronald K. Mann
Investor Relations
Starrex International Ltd.
Telephone (647) 981-2782 Email: rmann@starrexintl.com
www.starrexintl.com