Upstart Holdings, Inc. · NASDAQ:UPST
Upstart — IPO Roadshow (August 2022)
10 slides from Upstart's IPO roadshow presentation, Aug 8, 2022
Slide 1: Upstart Credit Performance - FAQ
30-155-152 18-94-97 194-193-193 146-146-146 78-78-78 15-143-106 IBDROOT\PROJECTS\IBD-NY\GRIFFINS2019\645303_1\Presentations\2020.12.02 Roadshow Deck\2020.12.02 Roadshow v7.pptx October 2020 CONFIDENTIAL Upstart Credit Performance - FAQ August 8, 2022 Exhibit 99.2
Slide 2: Forward-looking statements
30-155-152 18-94-97 194-193-193 146-146-146 78-78-78 15-143-106 IBDROOT\PROJECTS\IBD-NY\GRIFFINS2019\645303_1\Presentations\2020.12.02 Roadshow Deck\2020.12.02 Roadshow v7.pptx 2 This presentation contains “forward-looking” statements that are based on our management’s beliefs and assumptions and on
Slide 3: Thank you! Responses to frequently asked questions on credit performance
30-155-152 18-94-97 194-193-193 146-146-146 78-78-78 15-143-106 IBDROOT\PROJECTS\IBD-NY\GRIFFINS2019\645303_1\Presentations\2020.12.02 Roadshow Deck\2020.12.02 Roadshow v7.pptx CONFIDENTIAL Thank you! We wanted to take an opportunity to provide the following responses to frequently asked questions r
Slide 4: Does Upstart's credit model continue to provide an advantage over traditional credit scores?
30-155-152 18-94-97 194-193-193 146-146-146 78-78-78 15-143-106 IBDROOT\PROJECTS\IBD-NY\GRIFFINS2019\645303_1\Presentations\2020.12.02 Roadshow Deck\2020.12.02 Roadshow v7.pptx Upstart Risk Grades A+ B C D E- Average FICO Score 700 or Above 0.7% 2.2% 4.3% 6.4% 10.2% 3.6% ~3x default separation betwe
Slide 5: Have Upstart defaults increased significantly?
30-155-152 18-94-97 194-193-193 146-146-146 78-78-78 15-143-106 IBDROOT\PROJECTS\IBD-NY\GRIFFINS2019\645303_1\Presentations\2020.12.02 Roadshow Deck\2020.12.02 Roadshow v7.pptx 5 A: Q: Have Upstart defaults increased significantly? Yes. However, this increase in defaults was expected, as it followed
Slide 6: Have higher delinquency rates in 2021 vintages been Upstart-specific or industry wide?
30-155-152 18-94-97 194-193-193 146-146-146 78-78-78 15-143-106 IBDROOT\PROJECTS\IBD-NY\GRIFFINS2019\645303_1\Presentations\2020.12.02 Roadshow Deck\2020.12.02 Roadshow v7.pptx 6 A: Q: Have these higher delinquency rates in 2021 vintages been Upstart-specific or industry wide? Industry data across p
Slide 7: How have Upstart loans performed?
30-155-152 18-94-97 194-193-193 146-146-146 78-78-78 15-143-106 IBDROOT\PROJECTS\IBD-NY\GRIFFINS2019\645303_1\Presentations\2020.12.02 Roadshow Deck\2020.12.02 Roadshow v7.pptx 7 A: Q: How have Upstart loans performed? Vintage Q1 ‘18 Q2 ‘18 Q3 ‘18 Q4 ‘18 Q1 ‘19 Q2 ‘19 Q3 ‘19 Q4 ‘19 Q1 ‘20 Q2 ‘20 Q3
Slide 8: Model accommodation for economic degradation
30-155-152 18-94-97 194-193-193 146-146-146 78-78-78 15-143-106 IBDROOT\PROJECTS\IBD-NY\GRIFFINS2019\645303_1\Presentations\2020.12.02 Roadshow Deck\2020.12.02 Roadshow v7.pptx CONFIDENTIAL Thank you! Our model today includes a healthy accommodation for economic degradation in the coming months, con
Slide 9: Did Upstart veer into riskier lending in 2021 in order to grow?
30-155-152 18-94-97 194-193-193 146-146-146 78-78-78 15-143-106 IBDROOT\PROJECTS\IBD-NY\GRIFFINS2019\645303_1\Presentations\2020.12.02 Roadshow Deck\2020.12.02 Roadshow v7.pptx 9 A: Q: Did Upstart veer into riskier lending in 2021 in order to grow? We have not altered our goals or mission. There are
Slide 10: Thank you
30-155-152 18-94-97 194-193-193 146-146-146 78-78-78 15-143-106 IBDROOT\PROJECTS\IBD-NY\GRIFFINS2019\645303_1\Presentations\2020.12.02 Roadshow Deck\2020.12.02 Roadshow v7.pptx CONFIDENTIAL Thank you! Thank you