OppFi SPAC Presentation Deck
43
OppFi Current Audited Financials EBT to Fair Market Value EBT
Reconciliation
($ in millions)
Current Audited Financials EBT¹
Loan Loss Reserve Adjustment
Capitalization Adjustment
Increase / (Decrease) in FMV
Pro Forma Fair Market Value EBT²
Taxes³
Pro Forma Fair Market Value Net Income
2017A
$3
7
(1)
5
$13
(3)
$10
2018A
$10
19
(6)
14
$36
(9)
$27
2019A
$33
26
(8)
18
$68
(17)
$51
Note: Excludes transaction expenses
1. Represents Net Income as reported in audited financial statements, as the Company does not have tax liability under current LLC pass-through structure
2. The Company is transitioning from an expected credit loss application to a fair market value application acceptable under US GAAP. Historically under the expected credit loss application, the Company has reserved for life
losses due to the short duration of receivables
3. Assumes tax rate of 25%
2020E
$79
1
5
(17)
$68
(17)
$51
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