Atlanticus Holdings Corporation · NASDAQ:ATLC
Atlanticus — Merger or Acquisition (September 2025)
13 slides from Atlanticus's merger presentation, September 2025
Slide 1: Atlanticus Holdings Acquires Mercury Financial
SEPTEMBER 2025 ATLANTICUS HOLDINGS ACQUIRES MERCURY FINANCIAL Empowering Better Financial Outcomes 1 NASDAQ: ATLC for Everyday Americans
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements that are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward- looking statements include statements, among other things, concerning the benefits of the acquisit
Slide 3: Mercury Financial is a leading data- and tech-centric credit card platform
Mercury Financial is a leading data- and tech-centric credit card platform serving near-prime consumers in the U.S. Top 25 $3.2B 1.3MM 4 4.8 Stars Visa / MasterCard Card Serviced Co-Brand Rating For Credit Card U.S. Program(1) Portfolio(2) Accounts(2) Partnerships (2) Mobile App(3) 3 (1) (2) Per Nil
Slide 4: Strategic Rationale
Strategic Rationale Brings material scale to Atlanticus’ existing General Purpose Credit Card (GPCC) segment by adding $3.2BN in 1 receivables and 1.3MM serviced customers 2 Enhances Atlanticus’ capabilities in the near-prime segment Allows Atlanticus to offer its credit expertise, program managemen
Slide 5: Empowering Better Financial Outcomes for MORE Everyday Americans
Empowering Better Financial Outcomes for MORE Everyday Americans Family of Brands Company Information Marketing Partners • $6.4BN in Managed Receivables(1) General Purpose • 5.3MM in Accounts Serviced(1) • Over 570 Team Members • ~650 Average FICO of -Sale • Offices in Atlanta, Austin, Wilmington Po
Slide 6: Acquisition Adds Meaningful Scale
Acquisition Adds Meaningful Scale Serviced Accounts(1) Revenue(2) (000) ($ in MM) $2,287 5,299 4,001 $1,444 $843 1,298 (3) (4) Atlanticus Mercury Pro Forma Atlanticus Mercury Pro Forma Credit Card Receivables(1) Purchase Volume(2) ($ in BN) ($ in BN) $6.2 $6.2 $3.2 $3.1 $3.1 $3.0 Atlanticus (5) Merc
Slide 7: Mercury Profile Moves Atlanticus Further Up-Market
Mercury Profile Moves Atlanticus Further Up-Market (GPCC) Weighted Average FICO 623 644 Average Customer Income ~$72,000 ~$80,000 Average Balance $752 $2,480 Average Credit Limit $972 $4,044 Average APR 32.7%(1) 27.3% LTM Average 60+ DPD Delinquency(2) 15.3% 6.5% 8 7 Data as of July 31, 2025 for Mer
Slide 8: Transaction Overview
Transaction Overview • $3.2BN(1) of card receivables purchased at a discount Acquisition Scope • Assumption of Mercury Financial’s master trust with $2.8BN(1) of financing in place • Purchase includes other assets and liabilities of Mercury Financial • Cash purchase price of $162MM funded with cash
Slide 9: Compelling Financial Metrics
Compelling Financial Metrics • Adds ~1.3MM(1) serviced accounts; ~5.3MM(1) total serviced accounts pro forma Adds Considerable Scale • Adds ~$3.2BN(1) of credit card receivables; ~$6.2BN(1) total credit card receivables pro forma • Significant value creation opportunity through account repricing and
Slide 10: Appendix
Ranked in Fortune’s 100 Fastest- Growing Companies List for Third Consecutive Year Appendix Honored in Top 10 "Best Places to Work" 10
Slide 11: Demonstrated History of Successful Acquisitions of Portfolios and Associated Businesses
Demonstrated History of Successful Acquisitions of Portfolios and Associated Businesses Receivables(1) Portfolio Date Closed Accounts Description ($ in MM) • Acquired the Mercury Financial credit card portfolio and associated platform September 2025 1.3MM $ 3,200 infrastructure, including consumer a
Slide 12: Market, Industry and Other Data
Market, Industry and Other Data This presentation contains statistical data and estimates, including those relating to market size and competitive position of the markets in which we participate, that we obtained from our own internal estimates and research, as well as from industry and general publ
Slide 13: Non-GAAP Financial Measures
Non-GAAP Financial Measures Atlanticus Holdings Corporation (in Millions) As of June 30, 2025 Loans at fair value $3,004.7 Fair value mark against receivable (1) 41.8 Total managed receivables (2) $3,046.5 (1) The fair value mark against receivables reflects the difference between the face value of
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