Enova International, Inc. · NYSE:ENVA
Enova International — Merger or Acquisition (December 2025)
11 slides from Enova International's merger presentation, Dec 11, 2025
Slide 1: Notices and Disclaimers
Notices and Disclaimers Non-GAAP Financial Information In addition to the financial information prepared in conformity with generally accepted accounting principles in the United States (“GAAP”), Enova International, Inc. (“Enova”) provides historical non-GAAP financial information. Enova presents n
Slide 2: Compelling Strategic Rationale
COMPELLING STRATEGIC RATIONALE > * Product and operational simplification Significant growth and diversification opportunities Enhanced balance sheet strength and flexibility * Increased financial inclusion * Broader opportunities for innovation S A compelling, ° STRONG CULTURAL ALIGNMENT st rategic
Slide 3: Bringing Together Two Digital Leaders
Bringing Together Two Digital Leaders Gg enova. N Grasshopper Leading technology and analytics Client-first digital bank serving the company focused on online lending innovation economy, small businesses, and consumers Core Strengths: Market-leading U.S. non-prime lender Core Strengths: Proprietary
Slide 4: Transaction Summary
Consideration 1 Leadership 2 Synergies 3 Approvals and Closing Transaction Summary • Enova will acquire Grasshopper and its wholly owned subsidiary, Grasshopper Bank, for an aggregate purchase value of approximately $369 million • Price / Tangible Book Value at announcement of 2.54x • A combination
Slide 5: A cohesive portfolio of financing, deposit, and financial management solutions nationwide
A cohesive portfolio of financing, deposit, and financial management solutions nationwide Enova and Grasshopper have complementary product offerings that will improve our ability to meet the needs of consumers and businesses allowing us to take market share both from bank and non- bank lenders Lendi
Slide 6: Pro Forma Combined Financial Profile
Pro Forma Combined Financial Profile’ ¢ Pro forma Enova will maintain regulatory capital in excess of well-capitalized thresholds at consolidated and bank levels ¢ — Enova’s loan yields paired with Grasshopper’s deposit strategy are expected to result in a highly profitable organization * Target pro
Slide 7: Enhanced Funding Diversification
Enhanced Funding Diversification On Balance Access to Capital and sheet Deposits Bank Deposit Funding a ~$3.5B12 Gross Deposits + Enova has a demonstrated history of funding its balance Off Balance sheet through wholesale funding sources ~3.1%! . . Shc ead Cost of Deposits * Grasshopper has a demons
Slide 8: Significant Shareholder Value Creation Opportunities
Significant Shareholder Value Creation Opportunities —_ ool) Revenue & Funding Synergies {0% Less Incremental Expenses Enova can offer a more comprehensive suite of financial solutions across more states to empower consumers and small businesses Existing Grasshopper deposits (on- and off-balance she
Slide 9: Customer first. Thank you.
Customer first. Best answer WINS. Operate as an owner. Thank you. Accountable for results. Top talent and teamwork.
Slide 10: Appendix
Appendix iF enova © Enova International, Inc.
Slide 11: Key Assumptions
Earnings Estimates Synergies Purchase Accounting Model Assumptions Other Assumptions Key Assumptions • Enova based on 2027 Consensus Research estimates; grown at 20% thereafter • Grasshopper based on internal management estimates • No reduction in Enova or Grasshopper non-interest expense modeled •
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