#140 + A Leading FinTech Platform for the Everyday Consumer OppFi" Q1 2022 Earnings Presentation May 5, 2022#2Disclaimer This presentation (the "Presentation") of OppFi Inc. (OppFi" or the "Company") is for information purposes only. Certain information contained herein has been derived from sources prepared by third parties. While such information is believed to be reliable for the purposes used herein, the Company makes no representation or warranty with respect to the accuracy of such information. Trademarks and trade names referred to in this Presentation are the property of their respective owners. The information contained herein does not purport to be all-inclusive. This Presentation does not constitute investment, tax, or legal advice. No representation or warranty, express or implied, is or will be given by the Company or any of its respective affiliates, directors, officers, employees or advisers or any other person as to the accuracy or completeness of the information in this Presentation, and no responsibility or liability whatsoever is accepted for the accuracy or sufficiency thereof or for any errors, omissions or misstatements, negligent or otherwise, relating thereto. The information contained in this Presentation is preliminary in nature and is subject to change, and any such changes may be material. The Company disclaims any duty to update the information contained in this Presentation, which information is given only as of the date of this Presentation unless otherwise stated herein. Forward-Looking Statements This Presentation includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. OppFi's actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "possible," "continue," and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, without limitation, OppFi's expectations for its full year 2022 guidance, OppFr's expectations with respect to the future performance of OppFi's platform, OppFi's expectations for its growth, and including growth of loan automation, and profitability and OppFi's new products and their performance. These forward-looking statements are based on OppFi's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside OppFi's control and are difficult to predict. Factors that may cause such differences include, but are not limited to: the impact of COVID-19 on OppFi's business; the impact of stimulus or other government programs; whether OppFi will be successful in obtaining declaratory relief against the Commissioner of the Department of Financial Protection and Innovation for the State liforni whether OppFi will be subject to AB 539; whether OppFi's bank partners will continue to lend in California and wheth OppFi's financing sources will continue to finance the purchase of participation rights in loans originated by OppFi's bank partners in California; the risk that the business combination disrupts current plans and operations; the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of OppFi to grow and manage growth profitably and retain its key employees; risks related to new products; concentration risk; costs related to the business combination; changes in applicable laws or regulations; the possibility that OppFi may be adversely affected by other economic, business, and/or competitive factors; risks related to management transitions, and other risks and uncertainties indicated from time to time in OppFi's filings with the United States Securities and Exchange Commission, in particular, contained in the section or sections captioned "Risk Factors." OppFi cautions that the foregoing list of factors is not exclusive, and readers should not place undue reliance upon any forward-looking statements, which speak only as of the date made. OppFi does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based. Non-GAAP Financial Measures Certain financial information and data contained this Presentation is unaudited and does not conform to Regulation S-X. Accordingly, such information and data may not be included in, may be adjusted in or may be presented differently in, any periodic filing, information or proxy statement, or prospectus or registration statement to be filed by OppFi with the SEC. Some of the financial information and data contained in this Presentation, such) as Compound Annual Growth Rate ("CAGR"), Adjusted Basic and Diluted EPS, Adjusted Net Income (and margin thereof). Adjusted EBITDA (and margin thereof) and Adjusted Operating Expense. Adjusted Net Income is defined as Net Income plus (1) recruiting fees, severance and relocation, (2) amortization of debt transaction costs and (3) other addbacks and one-time expenses following the closing of the business combination, including one-time implementation fees, stock compensation expenses, IPO readiness costs and management fees, adjusted for taxes assuming a tax rate of 25% for the three months ended March 31, 2021 and a 23.4% tax rate after, reflecting the U.S. federal statutory rate of 21% and a blended statutory rate for state income taxes, in order to allow for a comparison with other publicly traded companies. Adjusted EBITDA is defined as Adjusted Net Income plus (1) a tax rate of 25% for the three months ended March 31, 2021 and a 23.4% tax rate for the three months ended March 31, 2022, reflecting the U.S. federal statutory rate of 21% and a blended statutory rate for state income taxes, in order to allow for a comparison with other publicly traded companies, (2) depreciation and amortization. (3) interest expense and (4) business (non-income) taxes. Adjusted Basic and Diluted EPS is defined as adjusted net income divided by adjusted shares outstanding, which represent shares of both classes of common stock outstanding as of December 31, 2021, excluding 25,500,000 shares related to earnout obligations and including the impact of unvested restricted stock units. Adjusted Operating Expenses is defined as total expense excluding interest expenses, add backs and one-time items, and is presented as a percentage of Total Revenue, have not been prepared in accordance with accounting principles generally accepted in the United States and may be different from non- GAAP financial measures used by other companies. OppFi believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends. These non-GAAP measures with comparable names should not be considered in isolation from, or as an alternative to, financial measures determined in accordance with GAAP. These non-GAAP measures of financial results are not GAAP measures of our financial results or liquidity and should not be considered as an alternative to net income (loss) as a measure of financial results, cash flows from operating activities as a measure of liquidity, or any other performance measure derived in accordance with GAAP. OppFi believes these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to OppFi's financial condition and results operations. OppFi's management uses these non-GAAP measures trend analyses and budgeting and planning purposes. OppFi believes that use of these non-GAAP financial measures provides an ad onal tool investors to use in evaluating projected operating results and trends in and in comparing OppFi's financial measures with other similar companies, many of which present similar non-GAAP financial measures to investors. 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 the Company'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 the OppFi's audited financial statements, which have been filed with the SEC. A reconciliation for OppFi's non-GAAP financial measures to the most directly comparable GAAP financial measures can be found in the Appendix. The Non-GAAP financial measures of Adjusted EBITDA Margin, Adjusted Net Income Margin and Adjusted Operating Expense presented as a percentage of revenue for the full year 2022 are provided in this presentation only on a non-GAAP basis because a reconciliation to the most comparable GAAP financial measures, Net Revenue and Net Income, is not available without unreasonable effort. OppFi believes that such items and, accordingly, the other items of the reconciliation, would require an unreasonable effort to predict with reasonable certainty the amount or timing of non-GAAP adjustments used to calculate these Non-GAAP financial measures. OppFi believes that any such forecast would result in a broad range of projected values that would not be meaningful to investors. Projected Financial Information This Presentation contains financial forecasts, including with respect to the Company's estimated and projected revenue, receivables growth, Adjusted Net Income, Adjusted EBITDA, and Adjusted Operating Expense and margins with respect to Net Revenue, Adjusted Net Income, Adjusted EBITDA and Adjusted Operating Expense. The Company's certified public accountant has not audited, reviewed, compiled, or performed any procedures with respect to the projections for the purpose of their inclusion in this Presentation, and accordingly, has not expressed an opinion or provided any other form of assurance with respect thereto for the purpose of this Presentation. These projections should not be relied upon as being necessarily indicative of future results. Any estimates, forecasts or projections set forth in the Presentation have been prepared by the Company in good faith on a basis believed to be reasonable. Such estimates, forecasts and projections involve significant elements of subjective judgment and analysis and reflect numerous judgments, estimates and assumptions that are inherently uncertain in prospective financial information of any kind. As such, no representation can be made as to the attainability of such estimates, forecasts and projections. The recipient is cautioned that such estimates, forecasts or projections have not been audited and have not been prepared in conformity with GAAP. The estimates, forecasts and projections included in this Presentation are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information, which include, but are not limited to, those mentioned in the prior paragraphs under the caption "Forward-Looking Statements. The recipient therefore should not rely on the estimates, forecasts or projections contained in the Presentation. No Offer or Solicitation This presentation does not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. Website This Presentation contains reproductions and references to the Company's website and mobile content. The contents of the website and mobile content are not incorporated into this Presentation. Any references to URLs for the websites are intended to be inactive textual references only. 1 OppFi"*#3Key Company Highlights + N. 2 il 88888 88888 Solid Revenue Growth 66% 5-year CAGR¹ Profitable since 2015 $66 million adjusted net income² in 2021 Significant Scale Facilitated more than $3.3 billion in gross loan issuance covering over 2 million loans, since inception 1. 2016-2021 2. Adj. Net Income represents Adj. EBT tax-affected at 21.6% assumed tax rate. Pro forma for conversion for fair market value accounting. APPLY Robust Customer Demand More than 2.4 million applications in 2021, -80% mobile generated Leading Proprietary Credit & Technology Platform Real-time Al drove automation for 82% of decisions in 2021 Exceptional Customer Satisfaction Net Promoter Score of 85; 2,700+ Trustpilot customer reviews with 4.7/5.0 average rating OppFi**#4The OppFi Advantage: Built for the Future APPLY 60 million Lack Access to Traditional Credit¹ 3 ila Core product (OppLoans) is a simple interest, amortizing installment loan product with no balloon payments or fees 88888 Typical customer is employed with a median income. 88888 while having a thick file and no savings 115 million Live Paycheck to Paycheck² Al-driven underwriting identifies misunderstood credit profiles Superior online reputation with a NPS of 854 Scalable and profitable operating model 1. Hamdani, Kausar, et al. "UNEQUAL ACCESS TO CREDIT The Hidden Impact of Credit Constraints." NewYorkFed.org, 2019 2. Friedman, Zack. "78% Of Workers Live Paycheck To Paycheck. Forbes.com, January 11, 2019 3. Elkins, Kathleen. "Here's how much money Americans have in their savings accounts." CNBC.com, Sept 13, 2017 4. As of 12/31/21 OppLoans 150 million Have less than $1,000 in Savings³ Loans About Us Resources Apply Now Google A platform that puts you in control Reclaim your financial future CUSTOMER RATING Blog Help A+ BBB BATING LLENTE Apply Now lendingtree CUSTOMER OppFi" Sign In#54 Q1 2022 Financial Highlights 0 ● Net Originations increased 63% year over year Ending Receivables increased 38% year over year Revenue increased 20% year over year Net Loss was ($0.3) million Adjusted Net Income was $0.6 million GAAP and Adjusted EPS¹ were $0.08 and $0.01, respectively 1. Adjusted EPS is defined as adjusted net income divided by adjusted shares outstanding, which represent shares of both classes of common stock outstanding as of March 31, 2022, excluding 25,500,000 shares related to earnout obligations and including the impact of unvested restricted stock units OppFi"#65 Q1 2022 Performance Net Originations increased 63%, Ending Receivables increased 38%, and Total Revenue grew 20% year over year. YOY Growth Net Originations ($ Millions) YOY Growth Ending Receivables¹ ($ Millions) YOY Growth Total Revenue ($ Millions) Q1 2021 $100 $245 $84 1. Receivables are defined as unpaid principal balances of both on- and off-balance sheet loans. Q1 2022 +63% $163 +38% $338 +20% $101 OppFi"#76 Muted Profitability In Q1 2022, In-Line With Expectations Main driver was elevated charge-off rate related to 2H:2021 lower credit quality originations. With higher credit quality originations in 1Q:22, we expect stronger profitability in 2H:2022 than in 1H:2022. Q1 2021 YOY Growth Adj. EBITDA¹ ($ Millions) Margin² YOY Growth Adj. Net Income¹ ($ Millions) Margin² $32 38% $19 23% Q1 2022 (65%) $11 11% (97%) $1 1% 1. Adj. EBITDA and Adj. Net Income and margins thereof are not financial measures determined in accordance with GAAP. For a reconciliation to our most directly comparable financial measures calculated and presented in accordance with GAAP, please see the Appendix included within this presentation. 2. Margins depicted as percentage of Total Revenue. OppFi"#87 Quarterly Key Performance Indicators Unaudited Quarter Ended, ($ in millions), except Total Marketing Cost Net Originations¹ Ending Receivables² % of Originations by Bank Partners Net Charge-Offs as % of Avg. Receivables3 Average Yield4 Automatic Approval Rate5 Total Marketing Cost per Funded Loan Total Marketing Cost per New Funded Loan7 3/31/2021 $100 $245 76% 30% 130% 41% $56 $266 3/31/2022 $163 $338 95% 56% 120% 61% $76 $221 Key Highlights Net originations increased 63% year over year • Ending receivables increased 38% year over year as a result of strong origination growth YoY • Net charge-offs as % of average receivables increased to 56% versus 30% year over year reflecting increased losses from segments that are no longer being approved in 2022 • Yield decreased year over year due to introduction of personalized pricing and increased delinquency Automatic approval rate increased to 61% from 41% year over year, reflecting the continued application of algorithmic automation projects that streamline the origination process Total marketing cost per new funded loan decreased by 17% year over year due to reduced investment in direct mail spend combined with higher customer conversion rates 1. Net originations include both originations by bank pariners on the Oppfi platform, as well as direct originations by Oppfi, 2. Receivables are defined as unpaid principal balances of both on- and off-balance sheet loans. 3. Net charge-offs as a percentage of average receivables (defined as unpaid principal of both on- and off-balance sheet loans) represents total charge offs from the period less recoveries as a percent of average receivables. OppFi charges off loans after they are more than 90 days delinquent. 4. Average Yield is defined as annualized interest income from the period as a percent of average receivables 5. Auto-Approval Rate is calculated by taking the number of approved loans that are not decisioned by a loan advocate or underwriter (auto-approval) divided by the total number of loans approved. 6. Marketing Cost per Funded Loan represents marketing cost per funded loans (including new and returning customer loans). This metric is the amount of direct marketing costs incurred during a penad divided by the number of funded loans originated during that same period. 7. Marketing Cost per New Funded Loan represents marketing cost per funded loan for new loans. This metric is the amount of direct marketing costs incurred during a period divided by the number of new funded loans originated during that same period. OppFi"#98 Condensed Balance Sheet ($ in millions) Assets Cash and restricted cash Finance Receivables at Fair Value Finance Receivables at Amortized Cost, Net Other Assets Total Assets Unaudited Period Ended, 3/31/2022 12/31/2021 Liabilities and Stockholders'/Members' Other Liabilities Total Debt Warrant Liabilities Total Liabilities Total Equity Total Liabilities and Equity $62.4 383.9 4.2 51.6 $502.1 Equity $59.0 274.0 11.2 344.2 157.9 $502.1 $59.9 381.8 4.8 66.0 $512.5 $66.3 280.9 8.8 356.0 156.5 $512.5 Key Highlights Total cash decrease of $2 million was driven by self funding higher receivables growth and one-time expenses such as transaction costs and tax distributions • • Other assets grew by $14 million driven largely by the addition of an operating lease right of use assets of $15 million (corresponding liability in "Other Liabilities") • Total debt increase of $7 million was driven by an increase in utilization of leverage facilities of $10 million and was partially offset by lower secured borrowing payables by $3 million. Equity decline of $1 million was driven by net loss for the three months of $0.3 million and net loss attributable to noncontrolling interest of $1 million OppFi"#109 Reaffirming Full Year 2022 Outlook 60% to 65% Net Revenue Margin 20% to 25% Adj. EBITDA Margin I 43% to 47% Adj. Operating Expense¹ Margin 8% to 12% Adj. Net Income Margin Total revenue and ending receivables growth of 20% to 25% in 2022 year over year 1. Adj. Operating Expense is defined as total expenses excluding interest expense, add backs and one-time items. Adj. Operating Expense is not a financial measure determined in accordance with GAAP. For additional information on addback and one-time expense items, please see the Appendix included within this presentation. OppFi"#11Key Investment Highlights + 10 過 Profitable, growing financial technology company Installment loan category disruptor Differentiated business model with low cost spread-based lending creates a competitive advantage and minimizes interest rate risk Potential strategic growth via product extensions and acquisitions Founder, CEO and Executive Chairman as largest shareholder; owner/operator dynamic aligns incentives to maximize shareholder value OppFi**#1211 Appendix OppLoans Come as you are. Leave in control. D Password Sign In Forgot password? Apply for an account ber + Loans About Us Resources Blog Help Apply Now Sign In#1312 Pro Forma Share Count as of March 31, 2022 Shares Class A Common Stock held by Public and Founders Class A and Class V Common Stock Held by Pre-Business Combination OppFi Equityholders Total Currently Outstanding Shares of Common Stock Earn-Out Shares Total Outstanding Shares of Common Stock Giving Effect to Earn-Outs $10.00 13,349,150 70,838,474 84,187,624 84,187,624 Share Price $12.00 13,349,150 70,838,474 84,187,624 8,500,000 92,687,624 $13.00 13,349,150 This presentation excludes: 14,426,937 warrants to purchase shares of Class A Common Stock at $11.50 per share 70,838,474 84,187,624 17,000,000 (including 8,500,000 units that would have vested at $12) 101,187,624 $14.00 13,349,150 70,838,474 84,187,624 25,500,000 (including 8,500,000 units that would have vested at each of $12 and $13) 109,687,624 Notes 912,500 warrants to purchase shares of Class A Common Stock at $15.00 per share 11,500,000 shares of Class A Common Stock issuable under the Company's 2021 Equity Incentive Plan 1,200,000 shares of Class A Common Stock issuable under the Company's 2021 Employee Stock Purchase Plan Shares held by public shareholders, including founders, underwriters and private placements. Excludes 25,500,000 shares of Class V Common Stock outstanding with respect to Earn Out Units held by pre- business combination OppFi equityholders, which vest and are subject to forfeiture as discussed below Excludes 25,500,000 shares of Class V Common Stock outstanding with respect to Earn Out Units held by pre- business combination OppFi equityholders, which vest and are subject to forfeiture as discussed below Note: This presentation is not a complete summary of all relevant terms, conditions and information related to the capital structure of OppFi Inc. For more information, see the Company's filings with the SEC, including the Annual Report on Form 10-K filed by the Company with the SEC on March 11, 2022. Earn-Out Shares represent shares of Class V Common Stock that related to a total of 25,500,000 Earn Out Units held by pre-business combination OppFi ityholders, which vest in three tranches when the volume weighted average price (VWAP) of the Class A Common Stock equals or exceeds each of $12.00, $13.00 and $14.00 for any 20 out of 30 consecutive trading days over the first 36 months after closing, and with respect to which Class V Common Stock is currently outstanding and subject to vesting and forfeiture Forfeited after 3-year anniversary of closing date if vesting conditions above are not met OppFi"#1413 Fair Value First Quarter Valuation ($ in thousands) Outstanding Principal Accrued Interest Interest Rate Discount Rate Servicing Cost¹ Remaining Life Default Rate¹ Accrued Interest¹ Prepayment Rate¹ Premium to Principal² 3/31/2022 $332,517 $10,674 147.7% 21.6% (5.0)% 0.617 years 18.5% Unaudited 3.2% 21.3% 11.6% 12/31/2021 $332,244 $10,637 147.6% 21.8% (5.0)% 0.618 years 17.7% 3.2% 21.0% 12.0% 1. Stated as a percentage of loan receivable. 2 Represent rate applied to on-balance unpaid principal receivables, inclusive of adjustment for accrued interest. Key Highlights . Default rate increased by 80bps due to recent elevated loss rates observed in late 2021 vintages OppFi"#15OppFi GAAP Income Statements (in thousands, except share and per share data) Unaudited Interest and loan related income Other income 14 Total revenue Provision for credit losses on finance receivables Change in fair value of finance receivables Net revenue Expenses: Sales and marketing Customer operations Technology, products, and analytics General, administrative, and other Total expenses before interest expense Interest expense (Loss) income from operations Gain of loan forgiveness of Paycheck Protection Program Change in fair value of warrant liability Income before income taxes Provision for income taxes Net (loss) income Less: net loss attributable to noncontrolling interest Net income attributable to OppFi Inc. Earnings per share attributable to OppFi Inc. ¹: Earnings per common share: Basic Diluted Weighted average common shares outstanding: Basic 69 $ $ 69 $ 69 69 Three Months Ended March 31, 2022 2021 100,336 $ 374 100,710 (457) (49,525) 50,728 13,589 10,031 8,229 13,591 45,440 7,449 (2,161) 2,404 243 540 (297) (1,373) 1,076 0.08 $ 69 69 0.08 $ 13,581,828 13,635,483 84,103 154 84,257 (7) (22,389) 61,861 7,936 9,609 5,827 9,496 32,868 4,609 24,384 24,384 24,384 Variance (%) 19.3% 142.9% 19.5% 6428.6% 121.2% (18.0%) 71.2% 4.4% 41.2% 43.1% 38.2% 61.6% (108.9%) (99.0%) (101.2%) Diluted 1. Prior to the Reverse Recapitalization, all net income was attributable to the noncontrolling interest. For the periods prior to July 20, 2021, earnings per share was not calculated, as net income prior to the Business Combination was attributable entirely to OppFi-LLC. OppFi"#16OppFi Condensed Balance Sheet 15 (in thousands) Unaudited Assets Cash and restricted cash Finance receivables at fair value Finance receivables at amortized cost, net Other assets Total assets Liabilities and stockholders/members' equity Other liabilities Total debt Warrant liability Total liabilities Total stockholders'/members' equity Total liabilities and stockholders' equity March 31, 2022 69 $ 69 69 59,946 381,845 4,811 65,943 512,545 December 31, 2021 69 66,256 280,863 8,836 355,955 156,590 512,545 $ $ 62,362 383,890 4,220 51,634 502,106 58,967 274,021 11,240 344,228 157,878 502,106 Variance (%) (3.9%) (0.5%) 14.0% 27.7% 2.1% 12.4% 2.5% (21.4%) 3.4% (0.8%) 2.1% OppFi"#17OppFi Quarterly Net Income to Adj. EBT and Adj. EBITDA Reconciliation 16 (in thousands, except share and per share data) Unaudited Net income Provision for income taxes FV adjustments Debt issuance cost amortization Other addback and one-time expense¹ Adjusted EBT Less: pro forma taxes² Adjusted net income Pro forma taxes² Depreciation and amortization Interest expense Business (non-income) taxes Adjusted EBITDA Adjusted basic EPS³: Weighted average adjusted basic shares: Adjusted diluted EPS³: Weighted average adjusted diluted shares: 1. 2 $ 69 GA $ 69 Three Months Ended March 31, 2022 2021 69 (297) $ 540 609 (6) 846 (198) 648 198 3,238 6,840 379 11,303 0.01 $ $ 24,384 $ 521 768 25,673 (6,418) 19,255 6,418 2,165 4,087 435 32,360 Variance (%) (101.2%) 84,420,302 0.01 84,473,957 For the three months ended March 31, 2022, addback and one-time expense of ($0.06 million) included a ($2.4 million) addback due to the change in fair value of the warrant liabilities, a $1.5 million expense due to severance, $0.6 million in expenses related to stock compensation, and $0.3 million in other addback and one-time expenses Assumes a tax rate of 25% for the three months ended March 31, 2021 and a 23.4% tax rate for the three months ended March 31, 2022, reflecting the U.S. federal statutory rate of 21% and a blended statutory rate for state income taxes, in order to allow for a comparison with other publicly traded companies. Prior to the Reverse Recapitalization, all net income was attributable to the noncontrolling interest. For the periods prior to July 20, 2021, earnings per share was not calculated, as net income prior to the Business Combination was attributable entirely to OppFi-LLC. 16.9% (100.8%) (96.7%) (96.9%) (96.6%) (96.9%) 49.6% 67.4% (12.9%) (65.1%) OppFi"#18OppFi Cash Flows 17 (in thousands) Unaudited Net cash provided by operating activities Net cash (used in) investing activities Net cash provided by financing activities Net (decrease) increase in cash, cash equivalents and restricted cash 69 $ Three Months Ended March 31, 2022 2021 44,286 (52,244) 5,097 (2,861) $ 6.9 Variance (%) 45,356 (2.4%) (4,642) (1025.5%) 9,594 (46.9%) 50,308 (105.7%) OppFi"#19OppFi Adjusted Shares as Reflected in Adjusted Basic and Diluted Earnings Per Share 18 Weighted average Class A common stock outstanding Weighted average Class V voting stock outstanding Elimination of earnouts at period end Weighted average adjusted basic shares Dilutive impact of unvested restricted stock units Weighted average adjusted diluted shares. Three Months Ended March 31, 2022 13,581,828 96,338,474 (25,500,000) 84,420,302 53,655 84,473,957 2021 OppFi"#20OppFi Adjusted Basic and Diluted EPS 19 Adjusted net income (thousands)¹ Weighted average adjusted basic shares Adjusted basic EPS²: Adjusted net income (thousands)¹ Weighted average adjusted diluted shares Adjusted diluted EPS²: $ $ 69 $ Three Months Ended March 31, 2022 648 84,420,302 0.01 648 84,473,957 69 0.01 $ Three Months Ended March 31, 2022 69 2021 $ 19,255 2021 19,255 I. Non-GAAP Financial Measures: Adjusted Net Income and Adjusted EBITDA are financial measures that have not been prepared in accordance with Generally Accepted Accounting Principles ("GAAP). See the "Note Regarding Non-GAAP Financial Measures" below for a detailed description and reconciliation of such Non-GAAP financial measures to their most directly comparable GAAP financial measures. 2. Prior to the Reverse Recapitalization, all net income was attributable to the noncontrolling interest. For the periods prior to July 20, 2021, earnings per share was not calculated, as net income prior to the Business Combination was attributable entirely to OppFi-LLC. OppFi"#2120 OppFi Net Income to Adj. EBT and Adj. EBITDA Reconciliation ($ in thousands, except per share values) Unaudited Net income Provision for income taxes FV adjustments Debt amortization Other addback and one-time expense¹ Adjusted EBT Less: pro forma taxes² Adjusted net income Pro forma taxes² Depreciation and amortization Interest expense Business (non-income) taxes Net gain/loss on sale of asset Adjusted EBITDA Adjusted basic and diluted EPS³: Weighted average adjusted basic shares: Weighted average adjusted diluted shares: 1. 2. 3. (A LA 69 69 Year Ended December 31, 2021 2020 89,795 311 2,310 (8,452) 83,964 (18,145) 65,819 18,145 10,282 21,946 665 6 116,863 0.78 84,465,109 84,474,039 77,516 (8,293) 1,945 2,439 73,607 (18,402) 55,205 18,402 6,732 19,284 1,527 101,150 Variance (%) 15.8% (100.0%) 18.8% (446.5%) 14.1% (1.4%) 19.2% (1.4%) 52.7% 13.8% (56.5%) 15.5% Other addback and one-time expense of ($8.5 million) included a ($26.4 million) addback due to the change in fair value of the warrant liabilities, a ($6.4 million) addback due to the gain on forgiveness of PPP Loan, and a $24.4 million impact to the G&A line item in expenses comprised of: $6.6 million in one-time expenses related to the Business Combination, $3.0 million in profit interest and stock compensation, $4.2 million in the change in fair value of warrant units outstanding prior to Business Combination, and $10.6 million in other one-time expenses. Assumes a tax rate of 25% for the year ended December 31, 2020 and a 21.61% tax rate after, reflecting the U.S. federal statutory rate of 21% and a blended statutory rate for state income taxes, in order to allow for a comparison with other publicly traded companies. Prior to the Reverse Recapitalization, all net income was attributable to the noncontrolling interest. For the periods prior to July 20, 2021, earnings per share was not calculated, as net income prior to the Business Combination was attributable entirely to OppFi-LLC. OppFi"