OppFi Investor Presentation Deck
Adjusted EBITDA
EBITDA and Adjusted Net Income Reconciliation Table
($ in millions)
Net Income
FV adjustments
Debt Issuance Cost
Other Addback and One-Time Expenses¹
Adjusted EBT
Pro-Forma Taxes²
Adjusted Net Income
Pro-Forma Taxes²
Depreciation and Amortization
Interest Expense
Business (Non-income) Taxes
Adjusted EBITDA
23
2017
$3
10
1
1
15
ERZON
(4)
11
4
1
6
$22
2018
$10
26
1
1
37
(9)
28
9
2
12
0
$52
2019
$33
35
2
1
71
(18)
53
18
4
21
1
$97
2020
$78
(8)
2
N
74
(18)
55
18
7
19
2
$101
2021
$90
2
(8)
84
(18)
66
Note: Excludes transaction expenses
1. Includes one time implementation fees, stock compensation expenses, IPO readiness costs and management fees
2. Assumes a tax rate of 25% for the years ended December 31, 2017, December 31, 2018, December 31, 2019, and December 31, 2020 and a 21.6 % tax rate after, 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 other publicly traded companies.
18
10
22
1
$117
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