Q1 2024 Earnings Presentation May 8, 2024 A Tech-Enabled, Mission-Driven Specialty Finance Platform that Broadens the Reach of Community Banks to Extend Credit Access to Everyday Americans Disclaimer This presentation (the "Presentation") of OppFi Inc. ("OppF" or be "Compony") is for information purposes only. Certain information on thereal mor soucces propered by thir information contained herein does not purport to be all-inclusive. This Presentation does not constitute investment, tax, or legal advice. N ...

Part I [Business](index=5&type=section&id=Item%201.%20Business) OppFi is a technology-enabled specialty finance platform providing credit access to underserved Americans via bank partnerships and its core OppLoans product Financial Performance (2023 vs. 2022) | Metric | 2023 | 2022 | | :--- | :--- | :--- | | Total Revenue | $509 million | $453 million | | Net Income | $39 million | $3 million | - OppFi's mission is to facilitate financial inclusion for the **63 million** credit-marginalized Americans through its specialty finance platform[24](index=24&type=chunk) - The company's primary product, OppLoans, facilitates installment loans averaging **$1,500** with an **11-month term**, and payments are reported to the three major credit bureaus[24](index=24&type=chunk)[30](index=30&type=chunk) - In 2023, approximately **98%** of net originations were generated from loans originated by bank partners (FinWise Bank, First Electronic Bank, and Capital Community Bank) using the OppFi platform, a shift from **95%** in 2022[47](index=47&type=chunk)[50](index=50&type=chunk) - The company has discontinued accepting new applications for its SalaryTap and OppFi Card products to focus on its core OppLoans platform[32](index=32&type=chunk) [Company Overview](index=6&type=section&id=Company%20Overview) - OppFi operates as a tech-enabled specialty finance platform, connecting community banks with everyday American consumers who are often turned away by mainstream financial institutions[24](index=24&type=chunk) - Since its inception through December 31, 2023, the company has facilitated over **$5.8 billion** in gross loan issuance across more than **3.4 million** loans[25](index=25&type=chunk) - The platform features a highly automated underwriting process, with approximately **89%** of decisions automated in 2023, allowing for same-day or next-day funding for most approved applicants[29](index=29&type=chunk) - OppFi maintains high customer satisfaction, evidenced by a Net Promoter Score (NPS) of **79** for 2023, an **A- rating** from the Better Business Bureau (BBB), and a **4.5/5.0 star rating** on Trustpilot[33](index=33&type=chunk) [OppFi's Competitive Advantages](index=12&type=section&id=OppFi%27s%20Competitive%20Advantages) - OppFi leverages a fully digital, scalable technology stack for cost efficiency and a superior customer experience, which it believes is a durable advantage over traditional banks with legacy systems[43](index=43&type=chunk) - The company's bank partner model allows it to facilitate credit access in **38 states** as of December 31, 2023, leveraging its partners' federal charters for a national product offering[46](index=46&type=chunk)[50](index=50&type=chunk) - Proprietary, data-driven decisioning models use alternative data and machine learning to evaluate creditworthiness, ignoring traditional FICO scores to better assess repayment ability[52](index=52&type=chunk) [Government Regulation](index=15&type=section&id=Government%20Regulation) - OppFi and its bank partners are subject to extensive and complex rules and regulations from federal, state, and local authorities, including the CFPB, FTC, and federal banking agencies like the FDIC[62](index=62&type=chunk)[63](index=63&type=chunk) - Key federal laws applicable to the business include the Truth in Lending Act (TILA), Equal Credit Opportunity Act (ECOA), Fair Credit Reporting Act (FCRA), and Fair Debt Collection Practices Act (FDCPA)[65](index=65&type=chunk)[67](index=67&type=chunk)[68](index=68&type=chunk)[70](index=70&type=chunk) - The company's bank partners rely on federal law to "export" interest rates from their home state to borrowers nationwide, a practice that is subject to legal and regulatory challenges[90](index=90&type=chunk) - OppFi holds necessary licenses and registrations to conduct its business, including servicing and collection activities, in all states where such licensure is required[93](index=93&type=chunk) [Risk Factors](index=23&type=section&id=Item%201A.%20Risk%20Factors) The company faces significant business, regulatory, and financial risks, including product dependency, legal challenges, and internal control weaknesses - **Business & Operational Risks:** The company's rapid growth and limited operating history make future performance difficult to evaluate; it is highly dependent on its OppLoans product and its relationships with a few key bank partners, which originated **98%** of loans in 2023[108](index=108&type=chunk)[121](index=121&type=chunk)[137](index=137&type=chunk) - **Credit & Economic Risks:** The machine learning models used for underwriting have not been extensively tested in a down-cycle economy, which could lead to higher-than-expected loan losses, and the business is susceptible to macroeconomic conditions affecting borrower repayment ability[136](index=136&type=chunk)[126](index=126&type=chunk) - **Regulatory & Legal Risks:** The company faces significant legal and regulatory challenges, including litigation with the California Department of Financial Protection and Innovation (DFPI) over interest rate caps and the "true lender" doctrine, which could render loans unenforceable or subject the company to fines[243](index=243&type=chunk)[250](index=250&type=chunk) - **Financial Reporting & Funding Risks:** A **material weakness** in internal control over financial reporting related to IT general controls has been identified, and the company relies on warehouse credit facilities for funding, with any inability to access this capital adversely affecting operations[189](index=189&type=chunk)[281](index=281&type=chunk) - **Structural & Tax Risks:** As a holding company in an "Up-C" structure, OppFi's only asset is its interest in OppFi-LLC, and it is obligated under a Tax Receivable Agreement to pay **90%** of certain tax savings to original members, which could result in substantial payments[341](index=341&type=chunk)[346](index=346&type=chunk) [Unresolved Staff Comments](index=80&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reports no unresolved staff comments from the Securities and Exchange Commission - None[366](index=366&type=chunk) [Cybersecurity](index=81&type=section&id=Item%201C.%20Cybersecurity) OppFi has established a cybersecurity program based on industry frameworks like NIST to manage risks associated with its complex technology systems and third-party dependencies - The company's cybersecurity program is guided by industry frameworks such as NIST and includes regular risk assessments, an incident response plan, and technical safeguards[369](index=369&type=chunk)[370](index=370&type=chunk) - Cybersecurity governance involves oversight from the Board of Directors' Audit Committee and day-to-day management by a corporate information security organization led by the CISO, who has over **20 years** of experience[375](index=375&type=chunk)[379](index=379&type=chunk) - The company has not identified any cybersecurity breaches that have materially affected or are reasonably likely to materially affect its business, operations, or financial condition to date[374](index=374&type=chunk) [Properties](index=83&type=section&id=Item%202.%20Properties) OppFi's corporate headquarters is located in Chicago, Illinois, where it leases approximately 79,928 square feet of office space under a lease that expires in 2030 - The company's headquarters is a leased space of approximately **79,928 sq. ft.** in Chicago, IL, with the lease expiring in **2030**[380](index=380&type=chunk) [Legal Proceedings](index=83&type=section&id=Item%203.%20Legal%20Proceedings) Information regarding legal proceedings is detailed in Note 14 to the Consolidated Financial Statements - Refer to "Legal contingencies" of Note 14 to the Consolidated Financial Statements for details on legal proceedings[381](index=381&type=chunk) [Mine Safety Disclosures](index=83&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[382](index=382&type=chunk) Part II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=84&type=section&id=Item%205.%20Market%20for%20Registrant%27s%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) OppFi's Class A Common Stock trades on the NYSE under the symbol "OPFI", and the company has never paid cash dividends nor plans to in the foreseeable future - The company's Class A Common Stock is traded on the New York Stock Exchange under the symbol "OPFI"[384](index=384&type=chunk) - OppFi has never declared or paid cash dividends and does not intend to in the foreseeable future[385](index=385&type=chunk) - A share repurchase program authorized in January 2022 expired in December 2023, with no repurchases made in the fourth quarter of 2023[388](index=388&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=84&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) OppFi's 2023 financial performance showed revenue growth and increased net income, driven by improved receivables and credit quality, supported by strong liquidity Key Financial Results (2023 vs. 2022) | Metric | 2023 | 2022 | | :--- | :--- | :--- | | Total Revenue | $508.9 million | $452.9 million | | Net Income | $39.5 million | $3.3 million | | Adjusted Net Income | $43.3 million | $5.0 million | | Adjusted EPS | $0.51 | $0.06 | Key Performance Metrics (2023 vs. 2022) | Metric | 2023 | 2022 | | :--- | :--- | :--- | | Total Net Originations | $747.8 million | $752.9 million | | Ending Receivables | $416.5 million | $402.2 million | | Average Yield | 127.3% | 120.0% | | Net Charge-Offs % of Avg. Receivables | 55.4% | 61.9% | - The **12.4%** increase in total revenue was primarily due to higher average receivables balances and improved yield from stronger payment activity[412](index=412&type=chunk) - Net charge-offs as a percentage of average receivables decreased by **10.5%** year-over-year, reflecting the charge-off of lower quality loans from pre-mid-2022 and the origination of higher quality loans following credit adjustments[406](index=406&type=chunk) [Results of Operations](index=88&type=section&id=Results%20of%20Operations) Consolidated Results of Operations (in thousands) | Line Item | 2023 | 2022 | | :--- | :--- | :--- | | Total Revenue | $508,949 | $452,859 | | Net Revenue | $273,182 | $216,960 | | Total Expenses | $226,827 | $223,302 | | Income from Operations | $46,355 | ($6,342) | | Net Income | $39,479 | $3,340 | - Net revenue increased by **25.9%** to **$273.2 million** in 2023, driven by the growth in total revenue[416](index=416&type=chunk) - Total expenses increased by a modest **1.6%** to **$226.8 million**, primarily due to higher interest expense from increased debt and rising rates, partially offset by lower direct marketing costs[418](index=418&type=chunk) - The company reported income from operations of **$46.4 million** in 2023, a significant turnaround from a loss of **$6.3 million** in 2022, due to higher net revenue outpacing the slight increase in total expenses[419](index=419&type=chunk) [Liquidity and Capital Resources](index=96&type=section&id=Liquidity%20and%20Capital%20Resources) Liquidity Position (as of Dec 31) | Metric | 2023 | 2022 | | :--- | :--- | :--- | | Unrestricted Cash | $31.8 million | $16.2 million | | Undrawn Debt | $192.3 million | $136.8 million | | Total Funding Capacity | $598.9 million | N/A | - Net cash provided by operating activities increased by **21.7%** to **$296.1 million** in 2023, mainly due to higher net income[444](index=444&type=chunk)[445](index=445&type=chunk) - Net cash used in financing activities was **$27.6 million** in 2023, compared to net cash provided by financing activities of **$61.3 million** in 2022, primarily due to an increase in member distributions and net payments on debt[444](index=444&type=chunk)[447](index=447&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=100&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) As a "smaller reporting company," OppFi is not required to provide this information - The company is not required to provide this information as it qualifies as a "smaller reporting company"[458](index=458&type=chunk) [Financial Statements and Supplementary Data](index=101&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section contains the company's audited consolidated financial statements for the years ended December 31, 2023, 2022, and 2021, along with accompanying notes [Consolidated Balance Sheets](index=103&type=section&id=Consolidated%20Balance%20Sheets) Consolidated Balance Sheet Highlights (as of Dec 31) | (in thousands) | 2023 | 2022 | | :--- | :--- | :--- | | Total Assets | $601,543 | $579,839 | | Finance receivables at fair value | $463,320 | $457,296 | | Total Liabilities | $407,514 | $420,689 | | Total Debt | $334,116 | $347,060 | | Total Stockholders' Equity | $194,029 | $159,150 | [Consolidated Statements of Operations](index=105&type=section&id=Consolidated%20Statements%20of%20Operations) Consolidated Statement of Operations Highlights (Year Ended Dec 31) | (in thousands) | 2023 | 2022 | 2021 | | :--- | :--- | :--- | :--- | | Total Revenue | $508,949 | $452,859 | $350,568 | | Net Revenue | $273,182 | $216,960 | $263,679 | | Income from Operations | $46,355 | ($6,342) | $57,257 | | Net Income | $39,479 | $3,340 | $89,795 | [Notes to Consolidated Financial Statements](index=109&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) - The company elected the **fair value option** for its installment finance receivables effective January 1, 2021, which are carried at fair value determined using discounted cash flow analyses[527](index=527&type=chunk) - The company is involved in legal proceedings, including a complaint filed against the California DFPI regarding the applicability of state interest rate caps to loans originated by its bank partners[709](index=709&type=chunk) - As of December 31, 2023, the company had total borrowing capacity of **$525.0 million** under its senior debt facilities, with **$332.7 million** outstanding[605](index=605&type=chunk) - In connection with its 2021 business combination, the company entered into a Tax Receivable Agreement (TRA), obligating it to pay members **90%** of realized tax savings from basis step-ups, with the TRA liability at **$25.0 million** as of December 31, 2023[544](index=544&type=chunk)[549](index=549&type=chunk) [Changes in and Disagreements With Accountants on Accounting and Financial Disclosures](index=144&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20With%20Accountants%20on%20Accounting%20and%20Financial%20Disclosures) The company reports no changes in or disagreements with its accountants on accounting and financial disclosure - None[727](index=727&type=chunk) [Controls and Procedures](index=144&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded that as of December 31, 2023, the company's disclosure controls and procedures were not effective due to a material weakness in IT general controls - Management concluded that disclosure controls and procedures were **not effective** as of December 31, 2023[728](index=728&type=chunk) - A **material weakness** exists in internal control over financial reporting related to IT general controls (ITGCs), specifically concerning ineffective design and operation of user access controls for segregation of duties and privileged access[731](index=731&type=chunk) - A remediation plan is in progress, focusing on implementing new access control protocols and enhancing segregation of duties, but the material weakness will not be considered fully remediated until the new controls operate effectively for a sufficient period[732](index=732&type=chunk) [Other Information](index=145&type=section&id=Item%209B.%20Other%20Information) On November 16, 2023, a Board member adopted a Rule 10b5-1 trading plan for the sale of up to 32,488 shares of Class A Common Stock - Director Jocelyn Moore adopted a Rule 10b5-1 trading plan on November 16, 2023, for the potential sale of up to **32,488 shares** of Class A Common Stock[735](index=735&type=chunk) [Disclosure Regarding Foreign Jurisdiction that Prevent Inspections.](index=145&type=section&id=Item%209C.%20Disclosure%20Regarding%20Foreign%20Jurisdiction%20that%20Prevent%20Inspections.) This item is not applicable to the company - Not applicable[737](index=737&type=chunk) Part III [Directors, Executive Officers and Corporate Governance](index=146&type=section&id=Item%2010.%20Directors%2C%20Executive%20Officers%20and%20Corporate%20Governance) Information for this item will be incorporated by reference from the company's Definitive Proxy Statement for the 2024 Annual Meeting of Stockholders - Information is incorporated by reference from the forthcoming Definitive Proxy Statement[739](index=739&type=chunk) [Executive Compensation](index=146&type=section&id=Item%2011.%20Executive%20Compensation) Information for this item will be incorporated by reference from the company's Definitive Proxy Statement for the 2024 Annual Meeting of Stockholders - Information is incorporated by reference from the forthcoming Definitive Proxy Statement[740](index=740&type=chunk) [Security Ownership of Certain Beneficial Owner and Management and Related Stockholder Matters](index=146&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owner%20and%20Management%20and%20Related%20Stockholder%20Matters) Information for this item will be incorporated by reference from the company's Definitive Proxy Statement for the 2024 Annual Meeting of Stockholders - Information is incorporated by reference from the forthcoming Definitive Proxy Statement[741](index=741&type=chunk) [Certain Relationships and Related Transactions, and Director Independence](index=146&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions%2C%20and%20Director%20Independence) Information for this item will be incorporated by reference from the company's Definitive Proxy Statement for the 2024 Annual Meeting of Stockholders - Information is incorporated by reference from the forthcoming Definitive Proxy Statement[742](index=742&type=chunk) [Principal Accounting Fees and Services](index=146&type=section&id=Item%2014.%20Principal%20Accounting%20Fees%20and%20Services) Information for this item will be incorporated by reference from the company's Definitive Proxy Statement for the 2024 Annual Meeting of Stockholders - Information is incorporated by reference from the forthcoming Definitive Proxy Statement[743](index=743&type=chunk) Part IV [Exhibits, Financial Statement Schedules](index=147&type=section&id=Item%2015.%20Exhibits%2C%20Financial%20Statement%20Schedules) This section lists the financial statements and exhibits filed as part of the Form 10-K, including key corporate and credit agreements - Lists all financial statements and exhibits filed with the annual report[745](index=745&type=chunk) [Form 10-K Summary](index=154&type=section&id=Item%2016.%20Form%2010-K%20Summary) The company reports that there is no Form 10-K summary - None[753](index=753&type=chunk)

Financial Data and Key Metrics - Total revenue for Q4 2023 increased by 10.7% to $132.9 million compared to the prior year [12] - Net originations grew by 3.3% to $191.9 million in Q4 2023 [12] - Annualized net charge-off rate as a percentage of total revenue improved by 12.9 percentage points to 46.4% in Q4 2023 [12] - Total expenses, excluding interest expense, as a percentage of total revenue decreased by 5.6 percentage points to 33.8% in Q4 2023 [12] - Net income for Q4 2023 was $1.9 million, up from a loss of $5.2 million in the prior year [12] - Adjusted net income for Q4 2023 was $8.9 million, up from a loss of $2.8 million in the prior year [12] - Full-year 2023 total revenue reached a record $508.9 million, a 12.4% increase year-over-year [13] - Ending receivables for 2023 were $416.5 million, a 3.6% increase year-over-year [13] - Net income for 2023 was $39.5 million, compared to $3.3 million in the prior year [13] - Adjusted net income for 2023 was $43.3 million, up from $5 million in the prior year [13] Business Line Performance - Credit performance improved year-over-year, with the total first payment default rate decreasing by 40 basis points and the total delinquency rate declining by 90 basis points [15] - Yield expanded by 8.4 percentage points to 126.8% in Q4 2023 compared to 118.4% in the prior year [16] - Recoveries of previously charged-off loan balances increased by 40.8% year-over-year in Q4 2023 [16] - Marketing cost per funded loan decreased by 6.3% year-over-year in Q4 2023 [17] Market and Geographic Expansion - The platform expanded geographically with bank partners entering new states [17] - A new credit model incorporating an updated dynamic risk model is expected to launch in Q2 2024, aimed at driving lower risk origination volume and reducing credit losses [21] Strategic Priorities and Industry Outlook - The company plans to maintain a disciplined underwriting strategy, emphasizing profitability over portfolio growth in 2024 [10] - The macroeconomic environment for 2024 is expected to be similar to 2023, with sticky inflation and higher interest rates [19] - The company is cautious about macroeconomic headwinds but believes it is well-positioned to operate in this environment [20] - Corporate development opportunities, including potential partnerships and acquisitions, are being evaluated to create shareholder value [18] Management Commentary - Management expressed confidence in the long-term strategy, citing a strong balance sheet with unrestricted cash of $31.8 million, nearly doubling year-over-year [23] - The company plans to focus on top-of-funnel optimization, operating efficiencies, and geographic expansion in 2024 [22] Q&A Session Question: Growth Outlook and Macroeconomic Environment - The company is emphasizing profitability over growth due to the macroeconomic environment and has tightened the credit box to manage risks [36][37] - Growth will depend on sustained loss curves resembling 2019 levels, and the company is exploring other growth avenues such as geographic expansion [40][42] Question: Drivers for 2024 Revenue Guidance - Revenue guidance for 2024 is driven by maintaining strong yields and not chasing growth through higher customer acquisition costs [49] - The company expects its new credit model, launching in Q2 2024, to support growth [50] Question: Charge-off Rate Dynamics - The charge-off rate as a percentage of revenue is expected to remain similar year-over-year, with minor fluctuations due to seasonality [53][54][76] Question: M&A and Acquisition Criteria - The company is refining its criteria for acquisitions, focusing on verticals that complement its brand and are accretive to shareholder value [61] Question: Auto Approval Rate - The auto approval rate is currently at 72%, with incremental improvements expected through AI tools and process optimizations [62][63] Question: Geographic Expansion Impact - New state entries are expected to provide growth opportunities, but the company is cautious due to the higher risk associated with new originations [69][71]

Q4 2023 Earnings Presentation This presentation (the "Presentation") of OppFi Inc. ("OppFi" or the "Company") is for information purposes only. Certain information contained herein has been derived from sources prepared by third parties. While such information is believed to be reliable for the purposes used herein, the Company makes no representation or warranty with respect to the accuracy of such information. Trademarks and trade names referred to in this Presentation are the property of their respective ...

Financial Performance - GAAP net income of $1.9 million, up from a net loss of $5.2 million year over year, and adjusted net income of $8.9 million, up from an adjusted net loss of $2.8 million year over year[2] - Net income for 2023 was $39.5 million, a significant increase from $3.3 million in 2022, representing a growth of $36.1 million[26] - Q4 2023 Net Income was $1.9 million, a significant improvement from a loss of $5.2 million in Q4 2022[39] - Adjusted Net Income for Full Year 2023 was $43.3 million, compared to $5.0 million in 2022[44] Revenue and Profitability - Total revenue increased by 10.7% year over year, with a 12.9 percentage point decrease in annualized net charge-off rate to 46.4%[2] - Total revenue for 2023 was $508.9 million, compared to $452.9 million in 2022, showing a $56.1 million increase[34] - Total Revenue for Full Year 2023 increased by 12% year-over-year to $509 million[42] - Q4 2023 Total Revenue increased by 11% year-over-year, driven by higher credit demand[51] - Adjusted EBITDA for 2023 reached $114.7 million, up from $53.9 million in 2022, reflecting a $60.8 million increase[26] - Adjusted EBITDA for Q4 2023 increased to $25.8 million, up from $9.9 million in Q4 2022[39] Loan and Receivables Metrics - Net originations increased by 3% year over year to $192 million, with ending receivables up 4% to $416 million[6][19] - Annualized net charge-offs as a percentage of average receivables decreased to 46% from 59% year over year[19] - Yield increased to 127% from 118% year over year, reflecting a decrease in delinquent loans and a shift in interest rates[19][20] - Net Originations for Full Year 2023 decreased by 1% to $748 million[42] - Ending Receivables for Full Year 2023 increased by 4% to $416 million[42] Cash and Debt Management - Total cash and restricted cash increased to $73.9 million from $49.7 million year over year[8][22] - Total debt decreased by $13 million to $334.1 million, driven by the repayment of revolving lines of credit[8][22] - Cash and restricted cash increased to $73.9 million in 2023 from $49.7 million in 2022, a $24.3 million rise[35] - Total debt decreased to $334.1 million in 2023 from $347.1 million in 2022, a reduction of $12.9 million[35] Earnings Per Share (EPS) - Adjusted EPS guidance for 2024 is projected to be between $0.53 and $0.57[24] - Adjusted earnings per share for 2023 was $0.51, compared to $0.06 in 2022[26] - Q4 2023 Adjusted Earnings Per Share was $0.10, compared to a loss of $0.19 in Q4 2022[39] - Full Year 2023 Adjusted Earnings Per Share was $0.51, compared to $0.06 in 2022[44] Operational Metrics - Real-time AI drove automation for 89% of decisions in 2023[3] - 63 million U.S. consumers are credit marginalized, and 62% of U.S. consumers live paycheck to paycheck[4] - OppFi facilitated over $5.8 billion in gross loan issuance since inception, covering more than 3.4 million loans[47] Cash Flow and Share Metrics - Net cash provided by operating activities in 2023 was $296.1 million, up from $243.3 million in 2022, an increase of $52.8 million[37] - Weighted average diluted shares outstanding for 2023 were 85.1 million, slightly up from 84.3 million in 2022[26] Interest and Asset Metrics - Interest expense for 2023 was $46.8 million, compared to $35.2 million in 2022, an increase of $11.6 million[34] - Total assets as of December 31, 2023, were $601.5 million, up from $579.8 million in 2022, reflecting a $21.7 million increase[35]

Market Leading Terms Total Revenue • Total revenue increased 13% year over year to $376M ▪ No prepayment penalties Net Originations2 • Net originations decreased 2% year over year to $556M Ending Receivables2 • Ending receivables increased 3% year over year at $416M 1. Non-GAAP Financial Measures: Adjusted Net Income and Adjusted EPS are financial measures that have not been prepared in accordance with GAAP. See the disclaimer on "Non-GAAP Financial Measures" on slide 1 for a detailed description of such No ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the quarterly period ended September 30, 2023 (Mark One) OR ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________to__________ Commission File Number 001-39550 __________________________________________________________________ OppFi Inc. (Exact name of registrant as specifi ...

OppFi Inc. (NYSE:OPFI) Q2 2023 Earnings Conference Call August 9, 2023 4:30 PM ET Company Participants Shaun Smolarz – Head-Investor Relations Todd Schwartz – Chief Executive Officer and Executive Chairman Pam Johnson – Chief Financial Officer Conference Call Participants David Scharf – JMP Securities Mike Grondahl – Northland Securities Operator Good afternoon and welcome to OppFi's Second Quarter 2023 Earnings Conference Call. All participants are in a listen-only mode. As a reminder, this conference call ...

Q2 2023 Earnings Presentation August 9, 2023 No representation or warranty, express or implied, is or will be given by the Company or any of its respective affiliates, directors, officers, employees or advisers or any other person as to the accuracy or completeness of the information in this Presentation, and no responsibility or liability whatsoever is accepted for the accuracy or sufficiency thereof or for any errors, omissions or misstatements, negligent or otherwise, relating thereto. The information co ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________________________________________________________ FORM 10-Q __________________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from________ ...