Navient (NAVI) investor relations material

Opening remarks and agenda

• Completion of all three strategic initiatives outlined in January 2024, with final expenses for wind-down activities incurred in the past quarter.

• Focus for the coming months includes high-quality loan growth, disciplined capital allocation, scalable efficiencies, strategic origination funding, and maximizing loan portfolio cash flows.

• CEO transition announced, with Ed Bramson stepping into the role and the outgoing CEO remaining on the board.

• Acknowledgment of board member Jane Thompson's service as she chooses not to seek re-election.

• Meeting conducted virtually, with rules of conduct and registration requirements outlined.

Board and executive committee updates

• Introduction of executive management team and Investor Relations Officer.

• Ken Frank confirmed as Independent Inspector of Elections.

• Nominees for board election introduced, all participating in the meeting.

• Richard Wheeler of KPMG LLP present to answer questions.

Shareholder proposals

• Four proposals presented: election of directors, ratification of KPMG LLP as auditor, advisory vote on executive compensation, and advisory vote on frequency of executive compensation approval.