Aurora Investment: Better Overview slide image

Aurora Investment: Better Overview

Our scalable platform underlies strong growth and profitability Current Business Lines Home Finance Lowest prices and fast turnaround time enabled by our low-cost manufacturing D2C and B2B Go-to-market • 2019A 2020A (Unaudited)1 2021E 2022E 2023E Origination Volume ($bn) $4.9 $24.2 $57.3 $101.9 $181.0 Implied Market Share 0.2% 0.5% 1.4% 3.2% 5.6% Asset light balance sheet strategy Revenue ($mm) $89.2 $875.6 % Growth year-over-year 250% 884% $1,387.0 58% $2,704.5 95% $5,139.9 90% • One-click Title Insurance One-click HOI • Integrated directly into mortgage workflow Adj. EBITDA ($mm) % Margin ($61.3) $281.1 (69%) 32% $210.7 15% $716.0 26% $1,860.3 36% • Real Estate Offered through both in-house and partner agent network Adj. Net Income ($mm) ($66.6) $227.7 $122.9 % Margin (75%) 26% 9% $470.8 17% $1,281.4 25% 1. The Company's presentation of financial and operating metrics for the year ended December 31, 2020 included in this presentation are preliminary and unaudited and subject to change in connection with the completion of the Company's year-end close procedures and further review, including the audit currently underway by the Company's independent registered public accounting firm. Actual results may differ as a result of the completion of the Company's year-end closing procedures, audit adjustments, and other developments that may arise between now and the time such financial information for the year ended December 31, 2020 is finalized. Figures presented here may ultimately differ from potential future disclosures in public filings Better 30
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