OppFi Results Presentation Deck
27
OppFi Q2 2020 As Reported to Fair Value Pro Forma Reconciliation
($ in thousands)
Total Revenue
Total Provision
FV Adjustment¹
Net Revenue
Expenses:
Sales and Marketing
Customer Operations
Technology, Product, and Analytics
General, Administrative, and Other
Total Expenses before Interest Expense
Interest Expense²
EBT3
Unaudited
Three Months Ended June 30, 2020
FV Adjustments
$12,330
12,875
(41,522)
($16,317)
As Reported
$61,281
(12,875)
$48,406
2,373
4,170
4,731
6,631
$17,905
5,382
$25,119
2,838
4,527
$7,365
($23,682)
FV Pro Forma
$73,611
(41,522)
$32,089
1. FV Adjustment of $41.5M includes net charge-offs of $23.8M and FMV Adjustment of $17.7M driven by lower receivables and lower FMV mark as a result of the COVID-19 pandemic.
2. Includes debt amortization costs.
3. Represents Net Income as reported in the Company's consolidated financial statements, as prior to the business combination OppFi did not have tax provision under its pass-through structure as a limited liability company.
5,211
8,697
4,731
6,631
$25,270
5,382
$1,437
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