Investor Presentaiton

NCF - A Leading Specialized Inventory Financing Lender ■ Well established non-bank leader in inventory financing with a broad US and Canadian presence • Head office based in Alpharetta, Georgia, USA • Canadian office in Burlington, Ontario, Canada ■ Operates in a large fragmented inventory finance market • North American inventory finance market is fragmented and totals approximately $280+ billion (US $200+ billion¹) The Bank believes the market presents significant growth opportunities ■ Founded in 2012 by a strong team of former Textron Financial Corporation professionals, under the leadership of Dan Radley . Over 25 years of average experience and strong client relationships with leading companies Strong professional and cultural fit Existing management expected to continue to operate the company post acquisition ■ Well diversified portfolio of equipment loans ◉ $1.2 billion (US $0.9 billion) as at March 31, 2017, with average outstanding lines of credit below $0.5 million (US $0.4 million) per dealer Relationships with > 300 manufacturers and > 2,000 dealers in 8 market segments Attractive portfolio metrics & strong credit profile Floating rate lines of credit with attractive net interest margins projected in the mid-single digit range Excellent underwriting standards with multiple sources of credit protection . Manufacturer repurchase and remarketing agreements • Dealer personal guarantees • Security interest on new equipment acquired at dealer cost 1. Average annual loss ratio of 19 bps since inception Source: Equipment Leasing and Finance Foundation, 2016-2017 US Equipment Finance Market Study Portion of the equipment finance market financed through lines of credit used as a proxy for inventory finance 5

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