OppFi Results Presentation Deck
20
OppFi Quarterly EBT to Adj. EBT and Adj. EBITDA Reconciliation
($ in thousands, except per share values)
Unaudited
Net income
Provision for income taxes
FV adjustments
Debt amortization
Other addback and one-time expense¹
Adjusted EBT
Less: pro forma taxes?
Adjusted net income
Pro forma taxes²
Deprecation and amortization
Interest expense
Business (non-income) taxes
Net gain/loss on sale of asset
Adjusted EBITDA
Adjusted basic and diluted EPS³:
Adjusted weighted average shares outstanding:
11.
2.
3
$
$
$
Three Months Ended September 30,
2021
30,392
703
572
(8,825)
22,842
5,480)
17,362
5,480
2,712
5,841
383
1
31,779
0.21
84,464,783
$
$
$
$
$
2020
19,342
5,713
474
450
25,979
(6,495)
19,484
6,495
1,799
4,180
444
=
32,402
Variance (%)
57.1%
20.7%
(2,061.1)%
(12.1)%
(15.6)%
(10.9)%
(15.6)%
50.8%
39.7%
(13.7) %
(1.9)%
Other addback and one-time expense of (88.8 miton) includes a ($13.1 million) addback due to change in fair value of wamantlablity, a (56.4 million) addback due to gain of forgiveness of PPP loan and a $10.7 mionimpact
to the GSA mi expenses comprised of $8.5 misionin one-time expenses related to the business combination. $0.9 million in profit interest and stock compensation, 500m in a change in far value of want outstanding
prior to business combination, and 50,4 million in other one time expense
Assumebate of 25% prior to the three months ended September 30, 2021 and 23.90 tax rate after reflecting the US federal statutory rate of 21% and a blended statutory rate for state income tax in orde
allow for comparison with other publicly traded companie
Prior to the Reverse Recapitalization, all net income was attributable to the noncontrolling interest. For the periods prior to July 20, 2021, earings per share was not calculated, as net income prior to the Business Combination
was attributable entirely to Oppi-LLC
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