Affirm Investor Event Presentation Deck
Cautionary note about forward-looking statements
This document contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and
Section 21E of the Securities Exchange Act of 1934, as amended, that involve
risks and uncertainties. All statements other than statements of historical fact
are forward-looking statements, including statements regarding: the
Company's strategy and future operations; the development, innovation,
introduction and performance of, and demand for, the Company's products;
the Company's future growth, investments, network expansion, product mix,
brand awareness, financial position, gross market value, revenue, transaction
costs, operating income, provision for credit losses, and cash flows; and general
economic trends and trends in the Company's industry and markets. These
forward-looking statements involve known and unknown risks, uncertainties
and other important factors that may cause the Company's actual results,
performance or achievements to be materially different from any future results,
performance or achievements expressed or implied by the forward-looking
statements.
Risks, uncertainties and assumptions include factors relating to: The
Company's need to attract additional merchants, partners and consumers and
retain and grow its relationships with existing merchants, partners and
consumers; the highly competitive and evolving nature of its industry; its need
to maintain a consistently high level of consumer satisfaction and trust in its
brand; the concentration of a large percentage of its revenue and GMV with a
small number of merchant partners and commerce platforms; its ability to
sustain its revenue growth rate or the growth rate of its related key operating
metrics; its ability to successfully maintain its relationship with Celtic Bank as
an originating bank partner and engage additional originating bank partners;
its ability to
AFFIRM | 2023
maintain, renew or replace its existing funding arrangements and build and grow new
funding relationships; the impact of any of its existing funding sources becoming
unwilling or unable to provide funding to it on terms acceptable to it, or at all; its ability to
effectively underwrite loans facilitated through its platform and accurately price credit
risk; the performance of loans facilitated through its platform; the impact of increases in
market interest rates and negotiated interest rate spreads on its business; the terms of its
securitizations, warehouse credit facilities and forward flow agreements; the impact on its
business of general economic conditions, including the impact of inflation, increasing
recessionary concerns, instability of financial institutions, the financial performance of its
merchants, and fluctuations in the U.S. consumer credit market; its ability to achieve or
sustain profitability in the future, including in the manner and timeframe it has previously
communicated; its ability to grow effectively through acquisitions or other strategic
investments or alliances; seasonal or other fluctuations in its revenue and GMV as a result
of consumer spending patterns; pending and future litigation, regulatory actions and/or
compliance issues; developments in its regulatory environment; the impact of the
reduction in its workforce announced in February 2023, including its ability to realize
certain cost savings anticipated as a result of the reduction and its ability to continue to
attract and retain highly skilled employees; and other risks that are described in its most
recent Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q for the quarters
ended December 31, 2022 and March 31, 2023, and in its other filings with the U.S.
Securities and Exchange Commission.
These forward-looking statements reflect the Company's views with respect to future
events as of the date hereof and are based on assumptions and subject to risks and
uncertainties. Given these uncertainties, investors should not place undue reliance on
these forward-looking statements. The forward-looking statements are made as of the
date hereof, and the Company assumes no obligation and does not intend to update
these forward-looking statements.
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