MoneyLion Results Presentation Deck
Footnotes
(1) Total Customers is the cumulative number of customers that have opened at least one account, including banking, membership subscription, secured personal loan, cash advance, managed
investment account, cryptocurrency account or affiliate product. Total Customers also include customers that have submitted for, received and clicked on at least one offer, including loans,
credit cards, mortgages, savings and insurance products, from a financial institution partner through our Even Financial marketplace.
(2) Enterprise Partners is comprised of Product Partners and Channel Partners. Product Partners are financial institutions and financial service providers. Channel Partners are organizations that
allow us to reach a wide base of consumers, including but not limited to news sites, content publishers, product comparison sites and financial institutions.
(3) Total Products is the total number of products that our Total Customers have opened including banking, membership subscription, secured personal loan, cash advance, managed investment
account, cryptocurrency account, affiliate product, or signed up for our financial tracking services (with either credit tracking enabled or external linked accounts), whether or not the customer
is still registered for the product. Total Products also include products that our Total Customers have submitted for, received and clicked on through our Even Financial marketplace. If a
customer has funded multiple secured personal loans or cash advances or submitted for, received and clicked on multiple products through our Even Financial marketplace, it is only counted
once for each product type.
(4) Total Originations is the dollar volume of the secured personal loans originated and cash advances funded within the stated period.
(5) Provision as a % of Originations is defined as provision for loss on finance receivables for the period divided by Total Originations for the period.
(6) Adjusted Revenue is a non-GAAP measure and is defined as total revenues, net plus amortization of loan origination costs less provision for loss on membership receivables, provision for loss
on fees receivables and revenue derived from phased out products. Definition previously removed non-operating income, which has been moved out of total revenues, net (GAAP) and into
other (expense) income as part of our GAAP financial statement reclassification.
(7) Adjusted Gross Profit is a non-GAAP measure and is defined as gross profit less revenue derived from phased out products. Definition previously removed non-operating income, which has
been moved out of total revenues, net (GAAP) and into other (expense) income as part of our GAAP financial statement reclassification.
(8) Adjusted EBITDA is a non-GAAP measure and is defined as net income (loss) plus interest expense related to corporate debt, income tax expense (benefit), depreciation and amortization
expense, change in fair value of warrants, change in fair value of subordinated convertible notes, change in fair value of contingent consideration from mergers and acquisitions, stock-based
compensation and one-time expenses less origination financing cost of capital.
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