Slide 1: Q4 2024 Earnings Presentation
Q4 2024 March 5, 2025 Earnings Presentation
Slide 2: Disclaimer
Disclaimer 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, t
Slide 3: Q4 2024 Earnings Highlights
Q4 2024 Earnings Highlights: Greater Than 2x Net Income Growth Year over Year; Record Q4 Total Revenue Net income increased $12.0 million year over Net income margin increased by 880 basis points year to $14.0 million, and Adjusted Net Income to 10.3%, and adjusted net income margin increased $11.8
Slide 4: Full Year 2024 Earnings Highlights
Full Year 2024 Earnings Highlights: Significant Net Income Growth Year over Year; Record Annual Total Revenue Net income increased $44.4 million year over Net income margin increased by 810 basis points year to $83.8 million, and Adjusted Net Income to 15.9%, and adjusted net income margin increased
Slide 5: OppFi At-A-Glance
OppFi At-A-Glance Mission-driven Platform Providing best in class products and customer service with an 80 NPS Score1 Significant Economic Scale is a tech-enabled, Facilitated more than $7.2 billion in gross loan issuance covering over 4.0 million loans, since inception2 mission-driven specialty fin
Slide 6: Outstanding Customer Satisfaction
Outstanding Customer Satisfaction Simple, Transparent Loans and Exceptional Customer Service 80 Net Promoter Score (NPS) Selected Customer Testimonials 6,000+ Paid-In-Full Customers return every month, It is the easiest loan process I have ever done. The website is very well designed. I also think i
Slide 7: Financial Highlights
© | Financial Highlights
Slide 8: Q4 2024 Financial Highlights
Q4 2024 More than doubled net income year over year, Financial Highlights driven by record Q4 revenue, improvements in net $14.0M charge-offs, and prudent expense management Net Income Adjusted Net Income1,2 ($M) Adjusted EPS1,2 $20.3M $20 $0.23 Adj. Net Income1,2 +135% $(0.26) +140% $0.10 Basic EPS
Slide 9: Full Year 2024 Financial Highlights
Full Year 2024 Significant growth in net income year over year, Financial Highlights driven by record annual revenue, improvements in $83.8M net charge-offs, and prudent expense management Net Income Adjusted Net Income1,2 ($M) Adjusted EPS1,2 $82.7M $83 $0.95 Adj. Net Income1,2 $0.36 +99% +96% Basi
Slide 10: Q4 2024 Performance: Improvement Across Key Profitability Drivers
Q4 2024 Performance: Improvement Across Key Profitability Drivers Total Revenue ($M) Net Charge-Off Rate1 Operating Expense Margin Total revenue increased 2.1% YoY driven by annualized Net charge-offs as a percentage of total revenue decreased Prudent expense management drove down total expenses ave
Slide 11: Full Year 2024 Performance: Improvement Across Key Profitability Drivers
Full Year 2024 Performance: Improvement Across Key Profitability Drivers Total Revenue ($M) Net Charge-Off Rate1 Operating Expense Margin Total revenue increased 3.3% YoY driven by average Net charge-offs as a percentage of total revenue decreased Prudent expense management drove down total expenses
Slide 12: Q4 2024 Key Performance Indicators
Q4 2024 UNAUDITED QUARTER ENDED Key Performance Indicators 6 ($ in millions) 12/31/2024 12/31/2023 • Total net originations increased 11% year over year as a result of bank partners’ expansion into additional states, increased demand through Total Net Originations1 $214 $192 certain marketing partne
Slide 13: Full Year 2024 Key Performance Indicators
Full Year 2024 UNAUDITED YEAR ENDED Key Performance Indicators 6 ($ in millions) 12/31/2024 12/31/2023 • Total net originations increased 7% year over year as a result of bank partners’ expansion into additional states, increased demand through Total Net Originations1 $802 $748 certain marketing par
Slide 14: Free Cash Flow Generation Bolsters Balance Sheet & Provides Capital Allocation Optionality
Free Cash Flow Generation ($M)1 Free Cash Flow Generation Bolsters Full year free cash flow generation far surpassing that of 2023 Balance Sheet & Provides Capital $96.3 Allocation Optionality 2024 Key Capital Allocation Initiatives $51.9 • $12.7M for $0.12 special dividend and special distribution
Slide 15: Full Year 2025 Earnings Guidance
Full Year 2025 Earnings Guidance 1,2 1 Total Revenue Adjusted Net Income Adjusted EPS $563M $95M $1.06 to to to $594M $97M $1.07 YoY increase of 7%-13% YoY increase of 15%-17% YoY increase of 11%-13% 1. Non-GAAP Financial Measures: Adjusted Net Income and Adjusted EPS are financial measures that hav
Slide 16: Appendix
Appendix
Slide 17: Q4 2024 Income Statement
Q4 2024 Income Statement (in Thousands, except share and per share data) Three Months Ended December 31, Variance (Unaudited) 2024 2023 $ % Interest and loan related income $ 134,337 $ 131,815 $ 2,522 1.9% Other revenue 1,386 1,109 277 25.0% Total revenue 135,723 132,924 2,799 2.1% Change in fair va
Slide 18: Full Year 2024 Income Statement
Full Year 2024 Income Statement Twelve Months Ended December 31, Variance (in Thousands, except share and per share data) 2024 2023 $ % Unaudited Interest and loan related income $ 521,227 $ 505,430 $ 15,797 3.1% Other revenue 4,736 3,519 1,217 34.6% Total revenue 525,963 508,949 17,014 3.3% Change
Slide 19: Condensed Balance Sheet
Condensed Balance Sheet December 31, December 31, Variance (in Thousands) 2024 2023 $ % Unaudited Assets Cash and restricted cash $ 88,288 $ 73,943 $ 14,345 19.4% Finance receivables at fair value 473,696 463,320 10,376 2.2% Finance receivables at amortized cost, net - 110 (110) (100.0%) Equity meth
Slide 20: Condensed Cash Flow Statement
Condensed Cash Flow Statement Twelve Months Ended December 31, Variance (in Thousands) 2024 2023 $ % Unaudited Net cash provided by operating activities $ 323,806 $ 296,146 $ 27,660 9.3% Net cash used in investing activities (243,442) (244,292) 850 (0.3%) Net cash used in financing activities (66,01
Slide 21: Q4 2024 Adjusted Net Income Reconciliation
Q4 2024 Adjusted Net Income Reconciliation (in Thousands, except share and per share data) Three Months Ended December 31, Variance (Unaudited) 2024 2023 $ % Net income $ 13,973 $ 1,942 $ 12,031 619.7% Income tax expense 600 1,034 (434) (42.0%) Other income (79) (80) 1 (0.6%) Change in fair value of
Slide 22: Full Year 2024 Adjusted Net Income Reconciliation
Full Year 2024 Adjusted Net Income Reconciliation (in Thousands, except share and per share data) Twelve Months Ended December 31, Variance (Unaudited) 2024 2023 $ % Net income $ 83,837 $ 39,479 $ 44,358 112.4% Income tax expense 4,215 2,331 1,884 80.8% Other income (318) (431) 113 (26.3%) Change in
Slide 23: Q4 2024 Adjusted Earnings per Share Reconciliation
Q4 2024 Adjusted Earnings per Share Reconciliation Three Months Ended December 31, (Unaudited) 2024 2023 Weighted average Class A common stock outstanding 21,442,460 18,087,627 Weighted average Class V voting stock outstanding 64,758,117 92,604,532 Elimination of earnouts at period end - (25,500,000
Slide 24: Full Year 2024 Adjusted Earnings per Share Reconciliation
Full Year 2024 Adjusted Earnings per Share Reconciliation Twelve Months Ended December 31, (Unaudited) 2024 2023 Weighted average Class A common stock outstanding 20,145,606 16,391,199 Weighted average Class V voting stock outstanding 65,619,358 93,857,926 Elimination of earnouts at period end - (25
Slide 25: Free Cash Flow Reconciliation
Free Cash Flow Reconciliation (in Thousands) Twelve Months Ended December 31, Variance (Unaudited) 2024 2023 $ % Net cash provided by operating activities $ 323,806 $ 296,146 $ 27,660 9.3% Net cash used in investing activities (243,442) (244,292) 850 (0.3%) Less: cash used for the acquisition of equ
Slide 26: Thank you
OppFi™ Thank you a