EX-99.1 3 sidoti.txt INFORMATION PRESENTED AT CONFERENCE. Exhibit 99.1 Sidoti & Co. Investor Conference Friedman, Billings Ramsey Group, Inc. Information New York | April 10, 2002 Statements concerning future performance, developments, events, market forecasts, earnings models, earnings, revenues, expenses, run rates and any other guidance on present or future periods, constitute forward-looking statements that are subject to a number of factors, risks and uncertainties that might cause actual results to differ materially from those expressed in the forward looking information. These factors include, but are not limited to, the effect of demand for public offerings, activity in the secondary securities markets, the high degree of risk associated with technology and other venture capital investments, changes in interest rates, competition for business and personnel, and general economic, political and market conditions. These and other risks are described in the company's Annual Report on Form 10-K that is available from the company and from the SEC. Research-driven capital markets platform 4 profit centers - target annualized pre-tax earnings**: -FBR Asset Investment Corporation - $32 million -investment banking - $20 million -institutional brokerage sales and trading - $5.0 million -asset management - $8.0 million **Assumptions include: FBR Asset return on equity = 30%, including revenue to FBR Asset from fee-sharing agreement with FBR Group; investment banking revenues $110 million; Institutional brokerage revenues $65 million; assets under management (other than FBR Asset) $1.5 billion; return on long-term investments (other than FBR Asset) 12%. These targets are not a projection of 2002 earnings, nor are they intended to be indicative of 1st quarter 2002 results. Projected Investment Banking Revenue for 1st Quarter 2002 - $23.8 million. Total gross assets under management as of April 10, 2002 of more than $5 billion (includes leveraged assets in FBR Asset). Strong balance sheet: -Combined FBR Group and FBR Asset Equity of more than $600 million FBR plans to release 1st quarter earnings on April 25, 2002.