#1pio (NYSE: ML) MoneyLion Q3 2022 Earnings Presentation November 10, 2022 Money Lion CAMRY EXI WALLACE SUNDCH GOODY NOSCO TELE B €65 Mones 8 eyLion MoneyL MoneyLion#2Disclaimer Use of Non-GAAP Financial Measures Some of the financial information and data contained in this presentation, such as Adjusted Revenue, Adjusted Gross Profit and Adjusted EBITDA, have not been prepared in accordance with United States generally accepted accounting principles ("GAAP"). MoneyLion management uses these non-GAAP measures for various purposes, including as measures of performance and as a basis for strategic planning and forecasting. MoneyLion believes these non-GAAP measures of financial results provide relevant and useful information to management and investors regarding certain financial and business trends relating to MoneyLion's results of operations. MoneyLion's method of determining these non-GAAP measures may be different from other companies' methods and, therefore, may not be comparable to those used by other companies and MoneyLion does not recommend the sole use of these non-GAAP measures to assess its financial performance. MoneyLion management does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitation of these non-GAAP financial measures is that they exclude significant expenses and income that are required by GAAP to be recorded in MoneyLion's financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by management about which expense and income are excluded or included in determining these non-GAAP financial measures. In order to compensate for these limitations, management presents non-GAAP financial measures in connection with GAAP results. You should review MoneyLion's financial statements, which are included in MoneyLion's filings with the U.S. Securities and Exchange Commission, and not rely on any single financial measure to evaluate MoneyLion's business. Reconciliations of these non-GAAP metrics to the most directly comparable GAAP measure are set forth in the Appendix of this presentation. To the extent that forward-looking non-GAAP financial measures are provided, they are presented on a non-GAAP basis without reconciliations of such forward-looking non-GAAP measures, due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation, which could be material based on historical adjustments. Forward-Looking Statements The information in this presentation includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding, among other things, MoneyLion's financial position, results of operations, cash flows, prospects and growth strategies. These statements are based on various assumptions, whether or not identified in this presentation, and on the current expectations of MoneyLion's management, are subject to a number of risks and uncertainties and are not predictions of actual performance. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of MoneyLion. Factors that could cause actual results and outcomes to differ from those reflected in forward-looking include, among other things, factors relating to the business, operations and financial performance of MoneyLion, including market conditions and global and economic factors beyond MoneyLion's control, including the COVID-19 pandemic; intense and increasing competition in the industries in which MoneyLion and its subsidiaries, including Malka Media Group LLC ("MALKA") and Even Financial Inc. ("Even Financial"), operate, and demand for and consumer confidence in MoneyLion's products and services, including as a result of any adverse publicity concerning MoneyLion; MoneyLion's ability to realize strategic objectives and avoid difficulties and risks of any acquisitions, strategic investments, entries into new businesses, joint ventures, divestitures and other transactions; MoneyLion's reliance on third parties to provide services; MoneyLion's ability to service loans or advances properly and the performance of the loans and other receivables originated through MoneyLion's platform; MoneyLion's ability to raise financing in the future, to comply with restrictive covenants related to its long-term indebtedness and to manage the effects of changes in the cost of capital; MoneyLion's success in retaining or recruiting, or changing as required, its officers, key employees and directors, including its and MALKA's ability to retain content creators; MoneyLion's ability to comply with the extensive and evolving laws and regulations applicable to its business; risks related to the proper functioning of MoneyLion's IT systems and data storage, including as a result of cyberattacks and other security breaches or disruptions suffered by MoneyLion or third parties upon which it relies; MoneyLion's ability to protect its intellectual property rights; MoneyLion's ability to comply with laws and regulations applicable to its business and the outcome of any legal or governmental proceedings that are or may in the future be instituted against MoneyLion; MoneyLion's ability to establish and maintain an effective system of internal controls over financial reporting; and MoneyLion's ability to maintain the listing of MoneyLion's Class A common stock and of MoneyLion's publicly traded warrants to purchase MoneyLion Class A common stock on the New York Stock Exchange and any volatility in the market price of MoneyLion's securities. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that MoneyLion presently knows or that MoneyLion currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect MoneyLion's expectations, plans or forecasts of future events and views as of the date of this presentation. MoneyLion anticipates that subsequent events and developments will cause its assessments to change. However, while MoneyLion may elect to update these forward-looking statements at some point in the future, MoneyLion specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing MoneyLion's assessments as of any date subsequent to the date of this presentation. Accordingly, undue reliance should not be placed upon the forward-looking statements. 50⁰ 2#3CONTENT DATA MoneyLionⓇ CONSUMER FINANCE MARKETPLACE Rewiring the financial system 3#4Resilient Business Model Driving Path to Profitability Q3 Results In Line With Guidance 7th Consecutive Quarter of +100% Y/Y Adj. Revenue Growth Diversified Consumer and Enterprise Revenue Model Continued realization of business synergies; positioned to benefit once industry-wide advertising spend rebounds 3rd Consecutive Quarter of Adj. EBITDA Improvement -$15M annualized run-rate fixed cost savings actioning in Q4, driving operating leverage and our path to profitability $8 CAC, $68 ARPU, < 6 Month Payback Period Strong unit economics are driving efficient growth and remain within target ranges Note: Adjusted Revenue and Adjusted EBITDA are non-GAAP measures. See the Appendix for a reconciliation of these measures to their nearest GAAP equivalents. Note: ARPU is calculated by dividing annualized Adjusted Revenue for the period by average Total Customers for the period. CAC reflects fully loaded acquisition spend per customer added, which is inclusive of performance marketing, brand marketing and on-boarding data costs. Note: See "Footnotes" section for detailed footnotes and definitions. 50⁰ 4#5Unprecedented Top-of-Funnel Demand in Marketplace Macro headwinds are causing short-term supply imbalance Marketplace Supply Lenders are reducing ad spend due to tighter credit standards Marketplace Demand Continuing to see record consumer demand for financial products Q1 2022 Q2 2022 Massive Revenue Opportunity Positioned to capture through partner expansion Q3 2022 Note: Marketplace Demand is represented by consumer inquiries, which is the number of submitted consumer applications for financial products across our marketplace business. Marketplace Supply is represented by the percentage of submitted loan applications that received a loan offer in our marketplace business. 5#6MONEYLION offers both CONSUMER and ENTERPRISE solutions 1⁰⁰ 6#7Consumer Personalized Feed and Best-in-Class First- & Third-Party Products 9:41 Hi, Paul Split your return: Pay down, Invest, Spend Expected tax refund $2,815 Average refund: $2,815 $1408 | Pay down debt (50%) With our partner Fiona $845 Investing (30%) Learn more about MoneyLion Investing $563 Cover spending (20%) Mobile banking that gives you more Rainy day fund $100 of $500 all 9:39 ✔ $2,863.24 $194.96 (-6.4%) Add money TW My Portfolio Cash: $0.00 1:38 THAT 1M Earn and Grow $256.30 (-$17.28) Watch> Moderate Mix $2,548.29 (-$181.87) 1Y Watch now ALL Withdraw ealth is Wealth: Sleep Why is sleep so important? Watch to discover why taking care of yourself is a crucial investment. ⠀ Manage The Importance of Balance Social media gives us all some level of image. obsession. Hip Hop artist Gunna shares his tips for maintaining a balanced lifestyle. O 9:41 Hi, Mark Financial Heartbeat 3.7 GamePlan 50 of 62 completed 9:17 4 Add money RoarMoney $4,580.70 11 Today Exclusive car. Exclusive sneakers. Get ReadyToRoar with these sneakers inspired by Kurt Busch's MoneyLion car. Follow us on Twitter for more details. Investments $2,863.24 Crypto $611.57 45 O Loans Transfer Ⓡ Accounts all LTE Instacash $275 $0 outstanding Learn more Credit Rewards $4.90 Q û Credit Builder Plus U Q : B Rewards 7#8~ S S MoneyLion No STUPID QUESTIONS WITH BRANDON COPELAND MoneyLion PRESENTS MONEY LIKE A GIRL OWNING THE CULTURE OF MONEY Recent Wins Reinventing the culture of money at FinCon and launched a Creator Network for everything money Teamed up with INFLCR to teach collegiate student-athletes how to money smarter Partnered with NFL player and University of Pennsylvania lecturer Brandon Copeland to launch MoneyLion University MoneyLion is at the center of people betting on themselves the next generation of ballers - as the "Official Money App" of NBA G League Ignite The Money HUDDLE by MoneyLion with Austin Hankwitz NBAGL IGNITE Money Lion IGNITE || IGNITE IGNITE IGNITE IGNITE es 2 0 KERAMI 180⁰#9Consumer Content Continues to Drive Higher Engagement Engagement Rate Q2 2022 ~3x Q3 2022 Overall engagement rate increased by ~3x in Q3... ... As MoneyLion becomes the daily destination for all things money Note: Engagement rate is defined as the percentage of users who watched a video for at least 5 seconds, clicked to share, expanded, unmuted or clicked a button link within the Today Feed. 9#10Continued growth in Total Customers (¹), reaching 101% Y/Y growth in Q3 2022 1.4 Q4 2020 Q/Q growth Y/Y growth 1.8 Q1 2021 26% 85% Note: See "Footnotes" section for detailed footnotes and definitions. 2.2 Q2 2021 20% 113% 2.7 Q3 2021 24% 131% 3.3 Q4 2021 22% 129% 3.9 Q1 2022 18% 115% 4.6 Q2 2022 19% 112% (in millions) 5.4 Q3 2022 17% 101% 1⁰⁰ 10#11Key Operating Metrics Total Products (2) 4.5 5.1 5.9 Q/Q growth 14% Y/Y growth 53% 6.9 16% 67% 8.0 17% 75% Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 16% 79% 9.0 Note: See "Footnotes" section for detailed footnotes and definitions. 10.1 12% 75% (in millions) 13% 71% 11.3 12% 63% Total Originations (3) Provision as % of Originations (4) 5.7% 2.6% 5.7% 4.6% Credit Quality Well Within Our Target Range $386 $155 $189 Q/Q growth Y/Y growth $237 22% 204% $274 26% 209% 5.5% 16% 135% 4.8% 41% 149% $408 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 5.4% 6% 116% $439 (in millions) 8% 85% 5.3% $446 2% 63% 11#12Enterprise Powering The Next Generation of Embedded Finance Our embedded finance infrastructure enables any company to offer financial products... Channel Partners (e.g., News Sites, Content Publishers, Product Comparison Sites, Financial institutions) 000 SoFi!!! commonbond LendingClub PROSPER MoneyLion Note: See "Footnotes" section for detailed footnotes and definitions. Product Partners (e.g., Financial institutions, Financial Services Providers) Marcus: by Goldman Sachs" T PACIFIC LIFE Loans ... and forms a massive 1,000+ Enterprise Partner (5) network with marketplace advantages Insurance Credit Cards Savings Credit Building Mortgage 1⁰⁰0 12#13Our Powerful Business Model Retention Engagement Rates Increasing Monetization Extensive Product Suite Enterprise + Consumer ¿Q Jalo DODODO Acquisition $8 CAC in Q3 2022 Personalization Content and Data Advantage Note: Consumer inquiries represents the number of submitted consumer applications for financial products across our marketplace business. User profiles represents unique customer profiles across our platform. Engagement rate is defined as the percentage of users who watched a video for at least 5 seconds, clicked to share, expanded, unmuted or clicked a button link within the Today Feed. CAC reflects fully loaded acquisition spend per customer added, which is inclusive of performance marketing, brand marketing and on-boarding data costs. Note: See "Footnotes" section for detailed footnotes and definitions. Large Top of Funnel Data Advantage Extensive Product Solutions 28M+ Consumer Inquiries in Q3 2022 ~32M User Profiles to Date 1,000+ Enterprise Partner Network 13#14Financial Update 700#15Breadth of Product Solutions Drives Massive Consumer Relevance and Revenue Diversification Consumer Instant Transfer Convenience Fees <2> Interchange / Payment Network B Crypto VIP Membership KS Tips B Cardholder Fees Wealth-RIA Admin Fees Revenue By Type Interest Income Enterprise Affiliate Fees (includes Affiliate fees from legacy Advice revenue type) DB Advertising Fees $ Enterprise SaaS Contracts Influencer, Creative, Media and Content Management Revenue Diversification 17% 83% 31% 69% 41% 59% Consumer 40% 60% 50% Q4 2021 Q1 2022 Q2 2022 Q3 2022 Steady State Enterprise 50% 15#16Business Equation is Showing Resiliency Driven by our Consumer and Enterprise Synergies ARPU CAC Total Customers (1) Added $72 $25 600K $74 Q4 2021 $17 600K $79 Q1 2022 $11 750K $68 $8 Q2 2022 Note: ARPU is calculated by dividing annualized Adjusted Revenue for the period by average Total Customers for the period. CAC reflects fully loaded acquisition spend per customer added, which is inclusive of performance marketing, brand marketing and on-boarding data costs. We changed the definition of Total Customers in the third quarter of 2022 in order to more accurately reflect management's view of our customers. See "Footnotes" section for additional information. CAC and ARPU for prior periods have been recast to reflect the updated definition of Total Customers. Note: See "Footnotes" section for detailed footnotes and definitions. 780K Q3 2022 10⁰ 16#17Lifetime Performance of Every Cohort Driving Significant Recurring Revenue H12022 2021 2020 2019 Pre-2019 2019 Adjusted Revenue Retention by Cohort Consumer 2020 2021 2020 Enterprise Q3 2022 Annualized Increasing Mix of Recurring Revenue Note: Enterprise cohort data excludes Media-related revenue lines and is pro forma for the acquisition of Even Financial. Note: Adjusted Revenue is a non-GAAP measure. See the Appendix for a reconciliation of these measures to their nearest GAAP equivalents. See "Footnotes" section for detailed footnotes and definitions. 2021 Q3 2022 Annualized Extending Lifetime Value 17#18PATH ΤΟ Profitability Despite the challenging macro environment, we continue driving towards near-term profitability ~$15M annualized run-rate fixed cost savings actioning in Q4 Ended 3Q 2022 with $189M of cash, providing adequate runway well beyond the point of profitability Quarterly Adj. EBITDA (8) IL ($25) ($32) Q4 2021 Q1 2022 ($19) Q2 2022 Note: Adjusted EBITDA is a non-GAAP measure. See the Appendix for a reconciliation of these measures to their nearest GAAP equivalents. See "Footnotes" section for detailed footnotes and definitions. ($14) (in millions) Q3 2022 18#19Adjusted Revenue Seventh consecutive quarter with +100% Y/Y Adjusted Revenue growth Quarterly Adj. Revenue (6) $25 $32 $36 Q/Q growth 28% Y/Y growth 125% $42 12% 115% $54 15% 119% $66 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 29% 112% $84 23% 105% (in millions) 26% 131% $85 1% 103% Annual Adj. Revenue $40 2019 Y/Y growth $76 2020 90% $165 2021 117% 97% Note: Adjusted Revenue is a non-GAAP measure. See the Appendix for a reconciliation of these measures to their nearest GAAP equivalents. See "Footnotes" section for detailed footnotes and definitions. (in millions) $320 330 2022E 94% - 100% 19#20Adjusted Gross Profit Adjusted Gross Profit Margin remained within guided 55-60% range Quarterly Adj. Gross Profit (7) Margin 56% 60% $14 $19 61% Q/Q growth 37% Y/Y growth 286% $22 64% 15% 156% $27 66% 21% 154% $36 61% 32% 151% $40 57% Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 13% 108% $48 (in millions) 19% 116% 58% $49 2% 82% Annual Adj. Gross Profit Margin 4% Y/Y growth $2 2019A 51% $38 2020A 63% $104 2021A 171% 79% Note: Adjusted Gross Profit is a non-GAAP measure. See the Appendix for a reconciliation of these measures to their nearest GAAP equivalents. See "Footnotes" section for detailed footnotes and definitions. (in millions) 55% - 60% $176 - 198 2022E 69% - 90% 1⁰⁰0 20#21Full Year 2022 Guidance (in millions) Adjusted Revenue (6) Adjusted Revenue Growth Adjusted Gross Profit Margin (7) Adjusted EBITDA (8) Adjusted EBITDA Margin 2022 Guidance $320 - $330 94% - 100% 55% - 60% ($70) - ($65) (22%) - (20%) 97% Y/Y Adj. Revenue growth 20 ppt Y/Y Adj. EBITDA Margin improvement Note: Adjusted Revenue, Adjusted Gross Profit and Adjusted EBITDA are non-GAAP measures. See the Appendix for a reconciliation of these measures to their nearest GAAP equivalents. See "Footnotes" section for detailed footnotes and definitions. Note: Growth and improvement metrics for guidance based on mid-point. Note: Full Year 2022 guidance assumes the inclusion of Even Financial results beginning from the close of the acquisition, which was in February 2022. 21#22Our Strong Performance Continues Scale Growth Performance ▪ 5.4M Total Customers (1) 11.3M Total Products (2) $446M Total Originations in Q3 2022 (³) ■ ▪ 101% Y/Y Total Customers growth in Q3 2022 ▪ 63% Y/Y Total Originations growth in Q3 2022 ▪ 103% Y/Y Adjusted Revenue growth in Q3 2022 ▪ 55%+ Adjusted Gross Profit Margin $68 ARPU ▪ < 6 month payback period on customer acquisition I Quarterly Adjusted Revenue (6) Adjusted Gross Profit Margin (7) 56% 60% 61% $25 $32 $36 64% $42 66% $54 61% $66 57% $84 (in millions) 26% 131% 58% $85 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q/Q growth Y/Y growth 28% 125% 12% 115% 15% 119% 29% 112% 23% 105% 1% 103% Note: Adjusted Revenue and Adjusted Gross Profit are non-GAAP measures. See the Appendix for a reconciliation of these measures to their nearest GAAP equivalents. See "Footnotes" section for detailed footnotes and definitions. ARPU is calculated by dividing annualized Adjusted Revenue for the period by average Total Customers for the period. 22#23MoneyLion#24Appendix 700#25Financial Summary Driving growth and profitability across our businesses (in millions) Adjusted Revenue by Type Consumer Enterprise Adjusted Revenue (6) Adjusted Gross Profit (7) Adjusted EBITDA (8) Total Originations (3) Provision as % of Originations (4) FY 2020 Q4 2020 $24.6 0.9 $25.4 $14.2 ($13.1) $155 5.7% Q1 2021 $31.5 1.0 $32.5 $19.4 ($1.2) $189 2.6% FY 2021 Q2 2021 $34.2 2.3 $36.5 $22.3 ($13.6) $237 5.7% Q3 2021 $38.8 3.2 $42.0 $27.0 ($20.5) $274 4.6% Q4 2021 $44.9 9.1 $54.0 $35.7 ($31.9) $386 5.5% Q1 2022 $45.7 20.8 $66.5 $40.3 ($24.8) $408 4.8% FY 2022 Q2 2022 $50.0 34.1 $84.1 $48.1 ($18.5) $439 5.4% Q3 2022 $51.0 34.3 $85.3 $49.1 ($14.3) $446 5.3% Note: Adjusted Revenue, Adjusted Gross Profit and Adjusted EBITDA are non-GAAP measures. See the Appendix for a reconciliation of these measures to their nearest GAAP equivalents. See "Footnotes" section for detailed footnotes and definitions. 25#26Reconciliation to Non-GAAP Financials: Adjusted Revenue ($ millions) Total revenues, net (GAAP) Add back: Amortization of loan origination costs Less: Provision for loss on receivable - subscription receivables Provision for loss on receivable - fees receivables Revenue derived from products that have been phased out Adjusted Revenue (non-GAAP) FY 2020 Q4 2020 $22.5 0.5 2.9 (0.7) 0.2 $25.4 Q1 2021 $33.1 0.1 (0.2) (0.6) 0.1 $32.5 FY 2021 Q2 2021 Q3 2021 $38.2 $44.2 0.5 0.5 Q4 2021 $55.5 1.5 (0.9) (1.0) (1.0) (1.3) (1.7) (2.0) (0.0) 0.0 (0.0) $36.5 $42.0 $54.0 FY 2022 Q1 2022 Q2 2022 $69.7 $87.3 0.3 (1.5) (2.0) (0.0) $66.5 0.1 (1.2) (2.2) (0.0) $84.1 Q3 2022 $88.7 0.3 (1.3) (2.6) (0.0) $85.3 FY 2019 $59.3 3.5 (6.7) (0.1) (16.1) $39.9 FY 2020 $79.2 1.9 (1.9) (1.4) (1.9) $76.0 FY 2021 $171.1 2.5 (3.2) (5.6) 0.1 $164.9 1⁰⁰0 26#27Reconciliation to Non-GAAP Financials: Adjusted Gross Profit ($ millions) Total revenues, net (GAAP) Less: Cost of Sales Gross Profit (GAAP) Gross Profit Margin Less: Revenue derived from products that have been phased out Adjusted Gross Profit (non-GAAP) Adjusted Gross Profit Margin FY 2020 Q4 2020 $22.5 (8.6) $13.9 62% 0.2 $14.2 56% FY 2021 Q1 2021 Q2 2021 Q3 2021 $38.2 $44.2 $33.1 (13.8) $19.3 58% 0.1 $19.4 60% (15.9) $22.3 58% (17.3) $27.0 61% 0.0 (0.0) $22.3 $27.0 61% 64% Q4 2021 $55.5 (19.9) $35.6 64% (0.0) $35.6 66% FY 2022 Q1 2022 Q2 2022 $69.7 $87.3 (29.4) $40.3 58% (0.0) $40.3 61% (39.6) (39.2) $48.1 $49.1 55% 55% (0.0) $48.1 Q3 2022 $88.7 57% (0.0) $49.1 58% FY 2019 $59.3 (41.7) $17.6 30% FY 2020 $79.2 (38.8) $40.4 51% (16.1) (1.9) $1.4 $38.5 4% 51% FY 2021 $171.1 (66.9) $104.1 61% 0.1 $104.3 63% 1⁰⁰0 27#28Reconciliation to Non-GAAP Financials: Adjusted EBITDA ($ millions) Net income (loss) (GAAP) Add back: Interest expense related to corporate debt Income tax expense (benefit) Depreciation and amortization expense Change in fair value of warrants Charge in fair value of subordinated convertible notes Change in fair value of contingent consideration from M&A Stock-based compensation One-time expenses Less: Origination financing cost of capital Adjusted EBITDA (non-GAAP) Adjusted EBITDA Margin FY 2020 Q4 2020 ($30.4) 0.6 0.0 0.3 14.6 4.0 0.6 0.3 (3.2) ($13.1) (52%) FY 2021 Q1 2021 Q2 2021 Q3 2021 ($73.4) ($39.2) ($24.6) 1.5 0.0 0.5 31.2 39.9 0.5 1.3 1.8 0.0 0.5 17.6 9.6 1.3 (2.2) (2.8) (3.1) ($1.2) ($13.6) (4%) 1.6 (0.0) 0.5 5.5 (7.7) 0.6 7.2 Q4 2021 ($32.2) 1.2 0.0 0.9 (14.7) 10.8 2.6 2.8 (3.4) (3.5) ($20.5) ($31.9) (37%) (49%) (59%) Q1 2022 ($10.0) 1.4 (28.4) 3.4 (3.9) 4.7 3.3 4.8 FY 2022 Q2 2022 ($23.1) 2.7 0.0 6.0 (3.0) (8.5) 5.2 2.0 ($24.8) ($18.5) (37%) (22%) Q3 2022 ($21.0) 2.9 0.1 6.2 (0.4) (10.2) 5.1 3.1 ($14.3) (17%) Note: Origination financing cost of capital represents the preferred return attributable to Invest in America Credit Fund 1 LLC investors. Note: Based on information available to MoneyLion as of the date of this release and subject to the completion of its quarterly closing procedures and review by MoneyLion's independent registered public accounting firm. 28#29Footnotes (1) Total Customers is the cumulative number of customers that have opened at least one account, including banking, membership subscription, secured personal loan, cash advance, managed investment account, cryptocurrency account and customers that are monetized through our marketplace and affiliate products. Total Customers also include customers that have submitted for, received or clicked on at least one marketplace loan offer. Previously, Total Customers included all customers that submitted for or clicked on an offer through our marketplace but were not necessarily monetized, which we changed beginning in the third quarter of 2022 in order to more accurately reflect management's view of our customers. Total Customers for all prior periods have been recast to present the updated definition of Total Customers. (2) Total Products is the total number of products that our Total Customers have opened, including banking, membership subscription, secured personal loan, cash advance, managed investment account, cryptocurrency account and monetized marketplace and affiliate products, as well as customers who signed up for our financial tracking services (with either credit tracking enabled or external linked accounts), whether or not the customer is still registered for the product. Total Products also include marketplace loan offers that our Total Customers have submitted for, received or clicked on through our marketplace. If a customer has funded multiple secured personal loans or cash advances or opened multiple products through our marketplace, it is only counted once for each product type. Previously, Total Products included all products for which our Total Customers submitted or clicked on an offer but were not necessarily monetized, which we changed beginning in the third quarter of 2022 in order to more accurately reflect management's view of our products. Total Products for all prior periods have been recast to present the updated definition of Total Products. (3) Total Originations is the dollar volume of the secured personal loans originated and cash advances funded within the stated period. (4) Provision as a % of Originations is defined as provision for loss on finance receivables for the period divided by Total Originations for the period. (5) Enterprise Partners is comprised of Product Partners and Channel Partners. Product Partners are financial institutions and financial service providers. Channel Partners are organizations that allow us to reach a wide base of consumers, including but not limited to news sites, content publishers, product comparison sites and financial institutions. (6) Adjusted Revenue is a non-GAAP measure and is defined as total revenues, net plus amortization of loan origination costs less provision for loss on subscription receivables, provision for loss on fees receivables and revenue derived from phased out products. Definition previously removed non-operating income, which has been moved out of total revenues, net (GAAP) and into other (expense) income as part of our GAAP financial statement reclassification in Q1 2022. (7) Adjusted Gross Profit is a non-GAAP measure and is defined as gross profit less revenue derived from phased out products. Definition previously removed non-operating income, which has been moved out of total revenues, net (GAAP) and into other (expense) income as part of our GAAP financial statement reclassification in Q1 2022. (8) Adjusted EBITDA is a non-GAAP measure and is defined as net income (loss) plus interest expense related to corporate debt, income tax expense (benefit), depreciation and amortization expense, change in fair value of warrants, change in fair value of subordinated convertible notes, change in fair value of contingent consideration from mergers and acquisitions, stock-based compensation and one-time expenses less origination financing cost of capital. 10⁰ 29