MoneyLion SPAC Presentation Deck
DISCLAIMER
Financial Information; Non-GAAP Financial Measures
The financial information and data contained in this presentation is unaudited and does not conform to Regulation S-X. Accordingly, such information and data may not be included in any proxy or may be
presented differently in any proxy statement or registration statement to be filed by Fusion with the SEC. The "Pro Forma financial data included herein has not been prepared in accordance with Article 11 of
the SEC's Regulation S-X, is presented for informational purposes only and may differ materially from the Regulation S-X compliant unaudited pro forma financial statements of MoneyLion to be included in
the Proxy Statement in connection with the proposed Business Combination (when available). In addition, 2020 results are preliminary and unaudited, and subject to change in connection with the completion
of the audit. Except as otherwise noted, all references herein to full-year periods refer to MoneyLion's fiscal year, which ends on December 31.
Some of the financial information and data contained in this presentation, such as Adjusted Revenue and Contribution Profit, have not been prepared in accordance with United States generally accepted
accounting principles ("GAAP"). MoneyLion defines Adjusted Revenue as gross revenue net of direct charge-offs, excluding discontinued products. MoneyLion defines Contribution Profit as Adjusted Revenue
less cost of sales including processing, data and other variable expenses.
MoneyLion uses these non-GAAP measures to compare MoneyLion's performance to that of prior periods for budgeting and planning purposes. Fusion and MoneyLion believe these non-GAAP measures of
financial results provide useful information to management and investors regarding certain financial and business trends relating to Money Lion's results of operations. Fusion and MoneyLion believe that the
use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating projected operating results and trends in and in comparing Money Lion's financial measures with other
similar companies, many of which present similar non-GAAP financial measures to investors. MoneyLion's method of determining these non-GAAP measures may be different from other companies' methods
and, therefore, may not be comparable to those used by other companies and Money Lion does not recommend the sole use of these non-GAAP measures to assess its financial performance. Money Lion
management does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitation of these non-GAAP financial
measures is that they exclude significant expenses and income that are required by GAAP to be recorded in MoneyLion's financial statements. In addition, they are subject to inherent limitations as they
reflect the exercise of judgments by management about which expense and income are excluded or included in determining these non-GAAP financial measures. In order to compensate for these limitations,
management presents non-GAAP financial measures in connection with GAAP results. You should review Money Lion's financial statements, which will be included in the Proxy Statement in connection with the
proposed Business Combination (when available), and not rely on any single financial measure to evaluate Money Lion's business.
Other companies may calculate Adjusted Revenue, Contribution Profit and other non-GAAP measures differently, and therefore Money Lion's Adjusted Revenue, Contribution Profit and other non-GAAP
measures may not be directly comparable to similarly titled measures of other companies.
See the Appendix for a description of these non-GAAP measures and a reconciliation of the historic measures to MoneyLion's most comparable GAAP financial measures.
This presentation contains financial forecasts of the Company, namely, MoneyLion's projected Adjusted Revenue, Contribution Profit and Net Income for 2020 through 2023. Neither the Company's
independent auditors, nor the independent registered public accounting firm of Fusion, audited, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their
inclusion in this presentation, and accordingly, neither of them expressed an opinion or provided any other form of assurance with respect thereto for the purpose of this presentation. These projections
should not be relied upon as being necessarily indicative of future results. The projected financial information contained in this presentation constitutes forward-looking information. The assumptions and
estimates underlying such projected financial information are inherently uncertain and are subject to a wide variety of significant business, economic, competitive and other risks and uncertainties that could
cause actual results to differ materially from those contained in the prospective financial information. See "Forward-Looking Statements above. Actual results may differ materially from the results
contemplated by the projected financial information contained in this presentation, and the inclusion of such information in this presentation should not be regarded as a representation by any person that
the results reflected in such projections will be achieved.
Industry and Market Data
In this presentation, Fusion relies on and refers to certain information and statistics obtained from third-party sources which it believes to be reliable, including reports by market research firms. Neither
Fusion nor Money Lion has independently verified the accuracy or completeness of any such third-party information.
This presentation may contain trademarks, service marks, trade names and copyrights of other companies, which are the property of their respective owners.
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