OppFi Results Presentation Deck
OppFi Fair Value Pro Forma Income Statements¹
($ in thousands, except per share values)
Unaudited
17
Total revenue
Total provision
Fair value adjustment²
Net revenue
Expenses
Sales and marketing
Customer operations
Technology product, and analytics
General, administrative, and other
Total expenses before interest expense
Interest expense³
Income from operations
Gain of forgiveness of PPP Loan
Change in fair value of warrant liability
Income before income taxes
Provision for income taxes
Net income
Less: net income attributable to noncontrolling interest
Net income attributable to OppFi Inc.
Earnings Per Share Attributable to OppFi Inc.4:
Earnings per common share:
Basic
Diluted
Weighted average common shares outstanding:
Basic
$
$
Three Months Ended September 30,
2021
2020
91,977 $
(143)
(18,940)
72,894
15,633
10,550
7,329
21,456
54,969
6,414
11,512
6,444
13,139
31,095 $
703
30,392
16,267
14,125
$
1.06
1.06
$
$
$
$
73,577
(11,880)
61,697
9,513
9,414
5,080
7,982
31,989
4,653
25,055
25,055
25,055
Variance (%)
25.0%
(59.4)%
18.1%
64.3%
12.1%
44.3%
168.8%
71.8%
37.8%
(54.1)%
24.1%
21.3%
13,363,995
13,363,995
Diluted
1. The pro forma fair value accounting aquitments are due to Oppers transition from an incurred credit loss application to a fair value appocation acceptable under US GAAP. Historically under the incumed creat loss application
Opphed for losses due to the short duration of receivables. These financial measures and not prepared in accordance with accounting principles generally accepted in the United States and may be different from non-
GAAP inancial measures used by other companies
2. Faral adjustment of $11.9 million includes not charge-offs of $130 million and for market value adjustment of ($20 million) diven by higher receivables and a higher far market value mark
3 Includes de amortization costs
4. Prior to the Reverse Recepitalization, all not income was attributable to the noncontrolling interest. For the periods prior to July 20, 2021, eamings per share was not calculated as net income prior to the Business Combination
www.atributable anbrity to OppF-LLC
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