OppFi Investor Presentation Deck
32
OppFi Quarterly EBT to Adj. EBT and Adj. EBITDA Reconciliation
Unaudited
Quarter End March 31,
($ in thousands)
EBT¹
Fair Value Adjustment
Debt Amortization
Other Addback and One-Time Expenses²
Adjusted EBT
Less: Pro Forma Taxes³
Adjusted Net Income
Pro Forma Taxes³
Depreciation and Amortization
Interest Expense
Business (Non-income) Taxes
Adjusted EBITDA
2021
$24,384
521
769
$25,674
(6,418)
$19,256
6,418
2,165
4,087
435
$32,361
2020
$16,897
(123)
520
56
$17,348
(4,337)
$13,011
4,337
1,397
6,027
173
$24,945
Note: Excludes transaction expenses
1. Represents Net Income as OppFi does not have tax provision under its pass-through structure as a limited liability company
2. Includes one time implementation fees, stock compensation expenses, IPO readiness costs and management fees
3. Assumes a tax rate of 25% reflecting the U.S. federal statutory rate of 21% and a blended statutory rate for state income taxes, in order to allow for a comparison with publicly traded companies
Variance (%)
44.3%
0.2%
1,273.2%
48.0%
48.0%
48.0%
48.0%
55.0%
(32.2%)
151.4%
32.1%
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