Sofi Technologies, Inc. · NASDAQ:SOFI
Sofi Technologies — Social Capital Hedosophia Holdings Corp. V — Q1 2021 Earnings Presentation
20 slides from Sofi Technologies's earnings presentation, May 20, 2021
Slide 1: Q1'21 Summary Results May 2021
Q1’21 Summary Results May 2021
Slide 2: Disclaimer
2 © 2021 Social Finance, Inc. Advisory services offered through SoFi Wealth LLC. SoFi Money® is offered through SoFi Securities LL C. SoFi Lending Corp., CFL #6054612. NMLS #1121636. Disclaimer Additional Information and Where to Find It This document relates to a proposed transaction between SCH an
Slide 3: Members: 7 Consecutive Quarters of Accelerating YoY Growth
3 © 2021 Social Finance, Inc. Advisory services offered through SoFi Wealth LLC. SoFi Money® is offered through SoFi Securities LL C. SoFi Lending Corp., CFL #6054612. NMLS #1121636. 37% 59% 74% 54% 50% 90% YoY Growth Members Members in thousands 7 Consecutive Quarters of Accelerating YoY Growth (1)
Slide 4: Products: accelerating product growth driven by Financial Services
4 © 2021 Social Finance, Inc. Advisory services offered through SoFi Wealth LLC. SoFi Money® is offered through SoFi Securities LL C. SoFi Lending Corp., CFL #6054612. NMLS #1121636. Financial Services Products (000s) Total Products (000s) Products (2) (2) Note: See “Footnotes” section for detailed
Slide 5: Galileo Accounts reached 70M
5 © 2021 Social Finance, Inc. Advisory services offered through SoFi Wealth LLC. SoFi Money® is offered through SoFi Securities LL C. SoFi Lending Corp., CFL #6054612. NMLS #1121636. 30% 83% 130% 75% 62% 135% YoY Growth Galileo Accounts in millions 100% YoY growth last three quarters Note: See “Foot
Slide 6: Q1'21 Non-GAAP Results vs. Investor Guidance
6 © 2021 Social Finance, Inc. Advisory services offered through SoFi Wealth LLC. SoFi Money® is offered through SoFi Securities LL C. SoFi Lending Corp., CFL #6054612. NMLS #1121636. Q1’21 Non - GAAP Results vs. Investor Guidance (4) (6) Q1’21 Adj net revenue was $216M vs. Investor guidance of $190
Slide 7: Adjusted Net Revenue
7 © 2021 Social Finance, Inc. Advisory services offered through SoFi Wealth LLC. SoFi Money® is offered through SoFi Securities LL C. SoFi Lending Corp., CFL #6054612. NMLS #1121636. Adjusted Net Revenue $216M of Q1’21 & $752M of LTM Adj. Net Revenue which includes the Q1’21 negative impact of $5M a
Slide 8: Adjusted EBITDA
8 © 2021 Social Finance, Inc. Advisory services offered through SoFi Wealth LLC. SoFi Money® is offered through SoFi Securities LL C. SoFi Lending Corp., CFL #6054612. NMLS #1121636. Annual Adjusted EBITDA ($000s) Quarterly Adjusted EBITDA ($000s) +$70M YoY (6) (6) Adjusted EBITDA 3rd consecutive qu
Slide 9: Reiterating 2021 Non-GAAP Guidance
9 © 2021 Social Finance, Inc. Advisory services offered through SoFi Wealth LLC. SoFi Money® is offered through SoFi Securities LL C. SoFi Lending Corp., CFL #6054612. NMLS #1121636. Reiterating 2021 Non - GAAP Guidance Despite not having $12M of previously anticipated FY 2021 revenue from Apex ($3M
Slide 10: Q2 2021 Non-GAAP Guidance
10 © 2021 Social Finance, Inc. Advisory services offered through SoFi Wealth LLC. SoFi Money® is offered through SoFi Securities LL C. SoFi Lending Corp., CFL #6054612. NMLS #1121636. Q2 2021 Non - GAAP Guidance Expect to grow 58 - 61% YoY and deliver $215 - 220M of Adjusted Net Revenue and $(8) - 2
Slide 11: Financial Supplement
11 Financial Supplement
Slide 12: Company Metrics
12 © 2021 Social Finance, Inc. Advisory services offered through SoFi Wealth LLC. SoFi Money® is offered through SoFi Securities LL C. SoFi Lending Corp., CFL #6054612. NMLS #1121636. Company Metrics (1) (2) (2) (2) Note: See “Footnotes” section for detailed footnotes and definitions. The sum of ind
Slide 13: Segment Financials
13 © 2021 Social Finance, Inc. Advisory services offered through SoFi Wealth LLC. SoFi Money® is offered through SoFi Securities LL C. SoFi Lending Corp., CFL #6054612. NMLS #1121636. Segment Financials (4) (5) (5) (5) (10) (10) (10) (2) (2) Note: See “Footnotes” section for detailed footnotes and d
Slide 14: Non-GAAP Financial Measures
14 © 2021 Social Finance, Inc. Advisory services offered through SoFi Wealth LLC. SoFi Money® is offered through SoFi Securities LL C. SoFi Lending Corp., CFL #6054612. NMLS #1121636. Non - GAAP Financial Measures (7) (8) (9) $216M of Q1’21 Adjusted Net Revenue, which includes the negative impact of
Slide 15: Non-GAAP Financial Measure Reconciliations
15 Non - GAAP Financial Measure Reconciliations
Slide 16: Non-GAAP Reconciliations
16 © 2021 Social Finance, Inc. Advisory services offered through SoFi Wealth LLC. SoFi Money® is offered through SoFi Securities LL C. SoFi Lending Corp., CFL #6054612. NMLS #1121636. Non - GAAP Reconciliations (7) (8) (9) (7) (8) (11) (13) (12) Note: See “Footnotes” section for detailed footnotes a
Slide 17: Footnotes
17 Footnotes
Slide 18: Footnotes
18 © 2021 Social Finance, Inc. Advisory services offered through SoFi Wealth LLC. SoFi Money® is offered through SoFi Securities LL C. SoFi Lending Corp., CFL #6054612. NMLS #1121636. Footnotes (1) We define a member as someone who has a lending relationship with us through origination or servicing,
Slide 19: Footnotes
19 © 2021 Social Finance, Inc. Advisory services offered through SoFi Wealth LLC. SoFi Money® is offered through SoFi Securities LL C. SoFi Lending Corp., CFL #6054612. NMLS #1121636. Footnotes (7) Reflects changes in fair value inputs and assumptions, including market servicing costs, conditional p
Slide 20: Footnotes
20 © 2021 Social Finance, Inc. Advisory services offered through SoFi Wealth LLC. SoFi Money® is offered through SoFi Securities LL C. SoFi Lending Corp., CFL #6054612. NMLS #1121636. Footnotes (11) Impairment expense includes primarily software abandonment and fixed asset abandonment. (12) Transact
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