OppFi SPAC Presentation Deck
23
5 Exceptional Unit Economics
Illustrative Lifetime Value of a Customer
$1,657
2.
3.
4.
5.
6.
Revenue Realized ¹
($692)
Net Write offs
2
($200)
3
Acquisition Cost
Note: Customer average length is 2.5 loans, with ~11 month weighted average life. ~75% of lifetime contribution occurs after the first loan
1. Revenue realized based on amortization schedule adjusted for prepay (lost interest income) and refinancing
Represents write-offs net of recoveries assuming ~40% of revenue realized is written-off
Assumes $200 cost per funded loan (CPF) on new loans; refinance loans incur no acquisition cost
Includes customer center personnel costs (servicing and origination), underwriting and bank processing fees
Represents interest expense paid by Company on debt-financed loan portion (82% of original loan)
Represents pre-tax income per new loan origination
($138)
Servicing Cost
4
($92)
Interest Expense
5
MOIC
~2.0x
$535
Lifetime Contribution
6
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