OppFi Results Presentation Deck
OppFi Fair Value Pro Forma Income Statements¹
($ in thousands, except per share values)
Unaudited
18
Total revenue
Total provision
Fair value adjustments?
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.
$
$
$
$
$
$
0000
Nine Months Ended September 30,
2021
254,610 $
(181)
(52,635)
201,794
35,114
30,036
19,669
45,687
130,506
17,405
53,883
6,444
13,139
73,466
703
72,763
58,638
14,125
$
1.08
1.08
$
$
$
2020
$
$
236,157
(87,470)
148,687
25,359
28,030
14,254
21,200
88,843
16,582
43,262
43,262
43,262
Variance (%)
7.8%
39.8%
35.7%
Earnings Per Share Attributable to OppFi Inc.4:
Earnings per common share:
Basic
Diluted
Weighted average common shares outstanding:
Basic
13,107,873
13,107,873
Diluted
1. The proforma far valuti aŭcounting adjustments and due to Oppfis transition from an incumed credit lost application to a fair value application acceptable under US GAAP. Historically under the incurred credito
application Opp has reserved for lite losses due to the short duration of receivables. These financial measures are not 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
2. Fair valutment of $87.5 million includes not charge-offs of 569,5 mion and a fair matet value adjustment of $17.8 mon driven by lower receivables and a lower fair market value mark as a result of the COVO-10
3. Includes debt amortization costs
4 Prithverse Recupitalination, alle income was attributable to the nocontrolling interest. For the periods prior to July 20, 202, emings per share was not calculated as net income prior to the Business Combination
wawibutable entry to Onof-LLC
38.5%
7.2%
38.0%
115.5%
46.9%
5.0%
24.6%
69.8%
68.2%
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