OppFi Pitch Deck
OppFi Current Audited Financials EBT to Fair Market Value EBT
Reconciliation
($ in millions)
Current Audited Financials EBT1
2017A
2018 A
2019A
2020E
$3
$10
$33
$79
Loan Loss Reserve Adjustment
7
19
26
1
Capitalization Adjustment
(1)
(6)
(8)
5
Increase (Decrease) in FMV
5
14
18
(17)
Pro Forma Fair Market Value EBT2
$13
$36
$68
$68
Taxes³
(3)
(9)
(17)
(17)
Pro Forma Fair Market Value Net Income
$10
$27
$51
$51
Note: Excludes transaction expenses
1. Represents Net Income as reported in audited financial statements, as the Company does not have tax liability under current LLC pass-through structure
2. The Company is transitioning from an expected credit loss application to a fair market value application acceptable under US GAAP. Historically under the expected credit loss application, the Company has reserved for life
losses due to the short duration of receivables
43
3. Assumes tax rate of 25%
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