Firstcash Holdings, Inc. · NASDAQ:FCFS
Firstcash — Merger or Acquisition (October 2021)
14 slides from Firstcash's merger presentation, Oct 28, 2021
Slide 1: FirstCash & American First Finance
NASDAQ: FCFS FORT WORTH, TEXAS USA October 28, 2021 FirstCash & American First Finance Establishing FirstCash’s Entry into the Large and Growing Point-of-Sale Payments Market EXHIBIT 99.2
Slide 2: Cautionary Statement Regarding Forward-looking Statements
FIRSTCASH INVESTOR RELATIONS 2 Cautionary Statement Regarding Forward-looking Statements This presentation contains “forward-looking statements” (as defined in the Private Securities Litigation Reform Act of 1995) regarding, among other things, the acquisition by FirstCash of AFF and future events o
Slide 3: FirstCash's Journey and Acquisition of AFF
FIRSTCASH INVESTOR RELATIONS 3 Merger of First Cash and Cash America to create the largest operator of retail pawn stores in the U.S. and LatAm • Since merger, added 800 additional stores across four countries, including first stores in Colombia • Focus on growing revenue by opening “de novo” retail
Slide 4: Transaction Overview
FIRSTCASH INVESTOR RELATIONS 4 Transaction Overview Valuation Enterprise value of approximately $1.17 billion at close, based on FirstCash’s closing stock price on October 26, 2021 － Potential additional $300 million earnout pending 2022 and 1H 2023 performance targets Consideration & Financing Cash
Slide 5: Compelling Benefits of the Transaction
FIRSTCASH INVESTOR RELATIONS 5 Compelling Benefits of the Transaction Facilitates FirstCash’s Entrance into Large and Growing Point-of-Sale Payments Market Expands Product Offerings Enhancing FirstCash’s Core Pawn Business Leverages Integrated Technology, Data, e- Commerce and Mobile Capabilities to
Slide 6: AFF At a Glance
FIRSTCASH INVESTOR RELATIONS 6 At a Glance • Fourth largest provider of POS payment solutions to underserved retail customers in the U.S. • Primary products: － Lease-to-own (“LTO”) － Retail installment sales － Bank loans • Omnichannel strategy utilizing sophisticated underwriting models, retail POS
Slide 7: AFF's Unique Technology, Data and e-Commerce Capabilities
FIRSTCASH INVESTOR RELATIONS 7 AFF’s Unique Technology, Data and e-Commerce Capabilities Shop now, pay as you go – a seamless customer experience Fully Integrated Cart Solutions or Plug-n-Play Integrated Plug-Ins • Shopping cart checkout plug ins • Apply online • Use online approval in- store • Dire
Slide 8: Entering the Large and Growing Point-of-Sale Payments Market
FIRSTCASH INVESTOR RELATIONS 8 Entering the Large and Growing Point-of-Sale Payments Market Tapping into a $600B* addressable market *Jefferies research estimate for Buy Now Pay Later addressable market; report dated May 26, 2021 Positioning FirstCash as a leader in highly complementary market focus
Slide 9: Accelerating Digitization
FIRSTCASH INVESTOR RELATIONS 9 Accelerating Digitization AFF’s integrated POS payments technology is easily incorporated into its merchant partners’ systems Compelling opportunities include those in furniture and mattresses, appliances, jewelry, electronics and automotive products and repair service
Slide 10: Expanded Product Offerings Enhance FirstCash's Core Pawn Business
FIRSTCASH INVESTOR RELATIONS 10 Expanded Product Offerings Enhance FirstCash’s Core Pawn Business Adding new POS payment options including LTO and retail financing to existing pawn retail payment options AFF LTO customers can return leased merchandise at FirstCash pawn locations Longer term, FirstCa
Slide 11: Significant Revenue and Earnings Growth Opportunities
FIRSTCASH INVESTOR RELATIONS 11 Significant Revenue and Earnings Growth Opportunities Driving growth and shareholder value creation ~$350 >$600 >$800 2020 2021 Expected 2022 Expected AFF REVENUES ($M) AFF EBITDA EXPECTED $120M - $140M in 2022 ACCRETION ~15% to EPS in 20221, with further expected acc
Slide 12: Strong Free Cash Flow Supports Balanced Capital Allocation Plans
FIRSTCASH INVESTOR RELATIONS 12 Expect to continue generating significant free cash flow Focused on investing in core domestic and international pawn business, while accelerating AFF’s growth Committed to maintaining FirstCash’s strong and stable credit ratings Expect to return capital to shareholde
Slide 13: Compelling Benefits of the Transaction
FIRSTCASH INVESTOR RELATIONS 13 Compelling Benefits of the Transaction Facilitates FirstCash’s Entrance into Large and Growing Point- of-Sale Payments Market Expands Product Offerings Enhancing FirstCash’s Core Pawn Business Leverages Integrated Technology, Data, e- Commerce and Mobile Capabilities
Slide 14: Get in Touch With Us
Gar Jackson Global IR Group gar@globalirgroup.com 817 886 6998 Get in Touch With Us Investor Relations investorrelations@firstcash.com investors.firstcash.com 817 258 2650 FIRSTCASH INVESTOR RELATIONS 14