#1+ A Leading FinTech Platform for the Everyday Consumer OppFi"* Q2 2022 Earnings Presentation August 9, 2022#21 Disclaimer 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, OppFI'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 inflation on OppFi's business; 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 of California; whether OppFi will be subject to AB 539; whether OppFi's bank partners will continue to lend in California and whether 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) Adjusted EBT, Adjusted Net Income (and margin thereof), Adjusted EBITDA (and margin thereof) and Adjusted EPS. Adjusted EBT 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 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 June 30, 2021 and a 24.14% tax rate for the three months ended June 30, 2022 and adjusted for taxes assuming a tax rate of 25% for the six months ended June 30, 2021 and a 24.08% tax rate for the six months ended June 30, 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. Adjusted EBITDA is defined as Adjusted Net Income plus (1) a tax rate of 25% for the three months ended June 30, 2021 and a 23.4% tax rate for the three months ended June 30, 2022 and adjusted for taxes assuming a tax rate of 25% for the six months ended June 30, 2021 and a 24.08% tax rate for the six months ended June 30, 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 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. These financial measures 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 of operations. OppFi's management uses these non-GAAP measures for trend analyses and for budgeting and planning purposes. OppFi believes that the use of these non-GAAP financial measures provides an additional tool for 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. 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. OppFi"*#32 Key Company Highlights Il Solid Revenue Growth 66% 5-year CAGR¹ CEO and Executive Chairman as Largest Shareholder Owner / operator dynamic aligns. incentives to maximize shareholder value 1. 2016-2021 2. For full-year 2021 at the time of loan approval. 88888 88888 Significant Scale Facilitated more than $3.9 billion. in gross loan issuance covering over 2.3 million loans, since inception APPLY Robust Customer Demand More than 2.4 million applications in 2021, ~80% mobile generated Leading Proprietary Credit & Technology Platform Real-time AI drove automation for 82% of decisions in 2021 Exceptional Customer Satisfaction Net Promoter Score of 852; 3,400+ Trustpilot customer reviews with 4.7/5.0 average rating OppFi"#43 OppFi Advantage: Built for the Future PEY 60 million U.S. adults lack access to traditional credit¹ 88888 88888 64% of U.S. consumers live paycheck to paycheck² 1. Hamdani, Kausar, et al. "UNEQUAL ACCESS TO CREDIT The Hidden Impact of Credit Constraints." NewYorkFed.org, 2019 2. LendingClub Corporation. "New Reality Check: The Paycheck-To-Paycheck Report: The Credit Edition." PYMNTS.com, May 2, 2022 3. Bennett, Karen. "Survey: Less than half of Americans have savings to cover a $1,000 surprise expense." Bankrate.com, January 19, 2022 44% of U.S. adults have savings to cover a $1,000 unplanned expense³ OppFi"*#5OppFi Advantage: The OppFi Approach to Lending Traditionally financing options for the underbanked have been limited, with exorbitant interest rates and poor customer service OppFi's Market Leading Terms Simple interest, amortizing installment loans with no balloon payments No origination, late, or NSF fees No prepayment penalties Market-based offers provide options based on amount, interest rate, and term Report to the 3 major credit bureaus Work compassionately with customers who require payment plan modification TurnUp program helps consumers find most affordable loan even if that option isn't with us Underbanked Option APRS ~17,000% Bank Overdraft 1 ~450%- 950% Tribal Lenders 2 1. Credit Karma; based on average charge of $34 on average transaction of $24 to be repaid within three days 2. CFPB; from 2017 lawsuit, the annual percentage rates for four tribal lenders' installment loan products was between 440 % and 950% 3. FTC and CFPB; based on title lenders charging average of 25% per month and typical two-week payday loan with a $15 per $100 fee 4. FTC; based on $83/month, 12-month Lease to Own ("LTO") plan to purchase ~$500 item and $39/week, 48-week LTO plan to purchase $600 item 5. Lend Academy; assumes $200 amount financed with $5 finance charge 7 days between the advance and employee's regularly scheduled paydate ~300%- 400% ~100%- 300% ~130% Payday & Title Lease to Own* Earned Wage Loans 3 Access 5 Cheaper, Better Product for Non- Prime Average Loan Amount ~$1,500 Average Term ~11 Months ~59%- 160% OppFi" OppFi"#65 Q2 2022 Financial Highlights ● Revenue increased 38% year over year Net Originations increased 57% year over year Ending Receivables increased 54% year over year Net Income was $9.5 million, down from $18.0 million in Q2 2021 Adjusted Net Income was $6.8 million Basic and Diluted EPS were $0.26 and $0.10, respectively Adjusted EPS¹ was $0.08 1. Adjusted EPS is defined as adjusted net income divided by adjusted shares outstanding, which represent shares of both classes of common stock outstanding as of June 30, 2022, excluding 25,500,000 shares related to earnout obligations and including the impact of unvested restricted stock units and performance stock units OppFi"#76 Q2 2022 Performance Net Originations increased 57%, Ending Receivables increased 54%, and Total Revenue increased 38% year over year. YoY Growth Net Originations ($ Millions) YOY Growth Ending Receivables¹ ($ Millions) YOY Growth Total Revenue ($ Millions) Q2 2021 $144 $260 $78 1. Receivables are defined as unpaid principal balances of both on- and off-balance sheet loans. Q2 2022 +57% $226 +54% $402 +38% $108 OppFi"#87 Q2 2022 Performance Profitability increased relative to Q1 2022; however, elevated charge-offs continued to put pressure on earnings, which OppFi believes will continue throughout the remainder of FY 2022 YOY Growth Adj. EBITDA¹ ($ Millions) Margin² YOY Growth Adj. Net Income¹ ($ Millions) Margin² Q2 2021 $32 41% $18 23% Q2 2022 (38%) $20 19% (62%) $7 6% 1. Adj. EBITDA and Adj. Net Income and margins thereof are not financial measures determined in accordance with GAAP. For a reconciliation to our most directly comparable financial measures calculated and presented in accordance with GAAP, please see the Appendix included within this presentation. 2. Margins depicted as percentage of Total Revenue. OppFi"#98 Quarterly Key Performance Indicators ($ 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 New Funded Loan6 Total Marketing Cost per Funded Loan? UNAUDITED QUARTER ENDED 6/30/2021 $144 $260 93% 28% 129% 51% $245 $72 6/30/2022 $226 $402 95% 51% 118% 62% $206 $82 Key Highlights Net originations increased 57% year over year Ending receivables increased 54% year over year as a result of strong origination growth YoY Net charge-offs as % of average receivables increased to 51% versus 28% year over year, which is an improvement over Q1-2022 but continues to reflect elevated delinquencies from higher loss customer segments that we have continued to cut throughout Q2-2022 Yield decreased year over year due to introduction of personalized pricing and increased delinquency Automatic approval rate increased to 62% from 51% 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 16% 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 partners 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 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. 7. 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 period divided by the number of funded loans originated during that same period. OppFi"*#10Condensed Balance Sheet 9 ($ in millions) Assets Cash and restricted cash Finance Receivables at Fair Value Finance Receivables at Amortized Cost, Net Other Assets Total Assets Liabilities and Stockholders' Equity Other Liabilities Total Debt Warrant Liabilities Total Liabilities Total Equity Total Liabilities and Equity UNAUDITED PERIOD ENDED 12/31/2021 $62.4 383.9 4.2 51.6 $502.1 $59.0 274.0 11.2 344.2 157.9 $502.1 6/30/2022 $57.6 450.7 4.6 65.2 $578.1 $70.5 336.5 5.5 412.6 165.5 $578.1 Key Highlights Total cash decrease of $5 million was driven by an increase in originated loans relative to received payments and recovered loans 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") related to the Company's corporate headquarters due to the adoption of a new accounting standard Total debt increase of $63 million was driven by an increase in utilization of leverage facilities of $80 million and was partially offset by lower secured borrowing payables by $17 million Equity increase of $8 million was driven by net income for the six months of $9 million OppFi"#11Reduced Cost of Financing and Strong Balance Sheet to Power Growth Ample debt capacity provides a means to fund future growth without equity 10 Liquidity ($ in millions) $105 $40 $55 2017 $201 $23 $52 $126 2018 Oustanding Debt $383 $36 $140 $207 2019 $526 $46 $338 $142 2020 Remaining Debt Capacity $494 $62 $158 $274 2021 $474 $60 $132 $282 Q1 2022 Cash & Restricted Cash $608 $58 $212 $338 Q2 2022 Grown liquidity 6x of 2017 levels Decreased cost of borrowing by 500+ bps since 2017 Diversified institutional capital sources Increased financial flexibility with: ● ● ● corporate credit agreements, asset-backed facilities, bank provided asset-based loans, forward flow arrangements, and total return swap 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 June 30, 2022 Shares Class A Common Stock held by Public and Founders Class A and Class V Common Stock Held by Pre-Business Combination OppFi Equity holders Total Currently Issued and Outstanding Shares of Common Stock Earn-Out Shares Total Outstanding Shares of Common Stock Giving Effect to Earn-Outs Share Price $10.00 $12.00 $13.00 13,632,260 13,632,260 70,229,696 70,229,696 83,861,608 83,861,608 83,861,608 8,500,000 92,361,956 13,632,260 70,229,696 83,861,608 17,000,000 (including 8,500,000 units that would have. vested at $12) 100,861,956 $14.00 13,632,260 70,229,696 912,500 warrants to purchase shares of Class A Common Stock at $15.00 per share 11,487,175 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 83,861,608 25,500,000 (including 8,500,000 units that would have vested at each of $12 and $13) 109,361,956 Notes 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 equity holders, 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 equity holders, which vest and are subject to forfeiture as discussed below 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 equity holders, 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 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. This presentation excludes: 615,652 shares purchased as Treasury Stock 14,426,937 warrants to purchase shares of Class A Common Stock at $11.50 per share Forfeited after 3-year anniversary of closing date if vesting conditions above are not met OppFi"#1413 Fair Value Valuation ($ in thousands) Outstanding Principal Accrued Interest Interest Rate Discount Rate Servicing Cost¹ Remaining Life Default Rate¹ Accrued Interest¹ Prepayment Rate¹ Premium to Principal² UNAUDITED PERIOD ENDED 6/30/2022 $394,709 $12,917 149.9% 24.9% (5.0)% 0.637 years 19.5% 3.3% 16.4% 10.9% 3/31/2022 $332,517 $10,674 147.7% 21.6% (5.0)% 0.617 years 18.5% 3.2% 21.3% 11.3% 1. Stated as a percentage of loan receivable. 2. Represents rate applied to on-balance unpaid principal receivables, inclusive of adjustment for accrued interest. Key Highlights - . Default rate increased by 100bps due to recent elevated loss rates Prepayment rate decreased by 495bps Discount rate increased 330bps primarily due to increases in the risk-free rate and equity risk premium 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 Income from operations Change in fair value of warrant liability Income before income taxes Provision for income taxes Net 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 Diluted +A LA LA Three Months Ended June 30, 2022 2021 107,873 2 107,875 (569) (42,154) 65,152 17,804 10,850 8,294 13,924 50,872 7,878 6,402 3,297 9,699 202 9,497 6,039 3,458 0.26 0.10 13,525,101 84,283,102 78,030 346 78,376 (31) (11,306) 67,039 11,545 9,876 6,513 14,733 42,667 6,385 17,987 17,987 17,987 1. 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. Variance (%) 38.2% (99.4%) 37.6% 1735.5% 272.8% (2.8%) 54.2% 9.9% 27.3% (5.5%) 19.2% 23.4% (64.4%) (46.1%) (47.2%) OppFi"#16OppFi GAAP Income Statements (in thousands, except share and per share data) Unaudited Interest and loan related income Other income 15 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 Income from operations Change in fair value of warrant liability Income before income taxes Provision for income taxes Net 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 Diluted +A A LA Six Months Ended June 30, 2022 2021 208,209 376 208,585 (1,026) (91,679) 115,880 31,394 20,881 16,523 27,515 96,313 15,326 4,241 5,701 9,942 742 9,200 4,666 4,534 0.33 0.10 13,553,308 84,377,754 162,133 500 162,633 (38) (33,695) 128,900 19,480 19,485 12,340 24,231 75,536 10,993 42,371 42,371 42,371 1. 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. Variance (%) 28.4% (24.8%) 28.3% 2600.0% 172.1% (10.1%) 61.2% 7.2% 33.9% 13.6% 27.5% 39.4% (90.0%) (76.5%) (78.3%) OppFi"#17OppFi Condensed Balance Sheet 16 (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' equity Other liabilities Total debt Warrant liability Total liabilities Total stockholders' equity Total liabilities and stockholders' equity VA 69 June 30, 2022 57,638 450,703 4,579 65,150 578,070 December 31, 2021 70,505 336,528 5,539 412,572 165,498 578,070 $ 62,362 383,890 4,220 51,634 502,106 58,967 274,021 11,240 344,228 157,878 502,106 Variance (%) (7.6%) 17.4% 8.5% 26.2% 15.1% 19.6% 22.8% (50.7%) 19.9% 4.8% 15.1% OppFi"#18OppFi Quarterly Net Income to Adj. EBT, Adj. Net Income and Adj. EBITDA Reconciliation. 17 (in thousands, except share and per share data) Unaudited Net income Provision for income taxes Debt amortization Other addback and one-time expenses¹ 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 fixed asset sale Adjusted EBITDA Adjusted EPS³: Weighted average diluted shares outstanding: 10 2, Three Months Ended June 30, 2021 2022 9,497 202 435 (1,145) 8,989 (2,170) 6,819 2,170 3,366 7,442 210 2 20,009 0.08 84,283,102 17,987 642 5,135 23,764 (5,941) 17,823 5,941 2,413 5,744 357 32,282 Variance (%) (47.2%) (32.2%) (122.3%) (62.2%) (63.5%) (61.7%) (63.5%) 39.5% 29.6% (41.2%) (50.0%) (38.0%) For the three months ended June 30, 2022, addbacks and one-time expense of ($1.1 million) included a ($3.3 million) addback due to the change in fair value of the warrant liabilities, a $0.7 million expense related to severance and retention bonuses, a $0.5 million one-time origination fee expense and $1.0 million in expenses related to stock compensation. For the three months ended June 30, 2021, addbacks and one-time expenses of $5.1 million included a $3.3 million one-time warrant valuation expense, a $1.3 million expense related to one-time legal, accounting, and other costs related to the Company's business combination, $0.2 million in expenses related to profit interest compensation, $0.2 million in management fees, and $0.1 million in severance. Assumes a tax rate of 25% for the three months ended June 30, 2021 and a 24.14% tax rate for the three months ended June 30, 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. 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"*#19OppFi Quarterly Net Income to Adj. EBT, Adj. Net Income and Adj. EBITDA Reconciliation. 18 (in thousands, except share and per share data) Unaudited Net income Provision for income taxes Debt amortization Other addback and one-time expenses¹ 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 fixed asset sale Adjusted EBITDA Adjusted EPS³: Weighted average diluted shares outstanding: 2, 3. Six Months Ended June 30, 2022 2021 9,200 742 1,044 (1,269) 9,717 (2,340) 7,377 2,340 6,604 14,282 589 2 31,194 0.09 84,377,754 42,371 1,163 5,902 49,436 (12,359) 37,077 12,359 4,577 9,830 792 4 64,639 Variance (%) (78.3%) (10.2%) (121.5%) (80.3%) (81.1%) (80.1%) (81.1%) 44.3% 45.3% (25.6%) (51.7%) For the six months ended June 30, 2022, addbacks and one-time expense of ($1.3 million) included a ($5.7 million) addback due to the change in fair value of the warrant liabilities, $2.1 million in expenses related to severance and retention bonuses, $1.6 million in expenses related to stock compensation, a $0.5 million one-time origination fee expense, and $0.2 million in one-time legal expenses. For the six months ended June 30, 2021, addbacks and one-time expenses of $5.9 million included a $3.3 million one-time warrant valuation expense, a $1.6 million expense related to one-time legal, accounting, and other costs related to the Company's business combination, $0.4 million in expenses related to severance, $0.3 million in management fees, and $0.2 million in expenses related to profit interest compensation. Assumes a tax rate of 25% for the six months ended June 30, 2021 and a 24.08% tax rate for the six months ended June 30, 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. 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"#20OppFi Cash Flows 19 (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 Six Months Ended June 30, 2021 2022 102,784 (164,390) 56,882 (4,724) 84,837 (47,878) 38,163 75,122 Variance (%) 21.2% (243.4%) 49.1% (106.3%) OppFi"#21OppFi Diluted Shares as Reflected in Adjusted Earnings Per Share 20 Weighted average Class A common stock outstanding Weighted average Class V voting stock outstanding Elimination of earnouts at period end Dilutive impact of restricted stock units Dilutive impact of performance stock units Weighted average diluted shares outstanding Three Months Ended June 30, 2021 2022 13,525,101 96,114,373 (25,500,000) 125,383 18,245 84,283,102 OppFi"#22OppFi Diluted Shares as Reflected in Adjusted Earnings Per Share 21 Weighted average Class A common stock outstanding Weighted average Class V voting stock outstanding Elimination of earnouts at period end Dilutive impact of restricted stock units Dilutive impact of performance stock units Weighted average diluted shares outstanding Six Months Ended June 30, 2021 2022 13,553,308 96,225,804 (25,500,000) 89,520 9,123 84,377,754 OppFi"#23OppFi Adjusted EPS 22 Adjusted net income (thousands)¹ Weighted average diluted shares outstanding Adjusted basic EPS²: Adjusted net income (thousands)¹ Weighted average diluted shares outstanding Adjusted diluted EPS²: Three Months Ended June 30, 2022 2021 6,820 84,283,102 2022 0.08 Six Months Ended June 30, 7,377 84,377,754 0.09 2021 17,823 37,077 1. 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. 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"