{ "docId": "019de513-e4f4-713e-8c16-0d2f5eeadd9f", "docSlug": "e1d0b7b7db915005becec3e88bdfec04", "documentTitle": "OppFi | Investor Presentation Deck | 24 slides", "authorId": "oppfi", "authorName": "OppFi", "documentKindSlug": "pitchdeck", "documentKindLabel": "Pitch deck", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2022-08-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 17, "pageCount": 24, "prevPage": 16, "nextPage": 18, "slideType": "traction", "function": "show_traction", "density": "overcrowded", "nDataPoints": 14, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de513-e4f4-713e-8c16-0d2f5eeadd9f/17", "deckHref": "/decks/019de513-e4f4-713e-8c16-0d2f5eeadd9f", "deckJsonHref": "/decks/019de513-e4f4-713e-8c16-0d2f5eeadd9f.json", "deckAnchorHref": "/decks/019de513-e4f4-713e-8c16-0d2f5eeadd9f#slide-17", "components": [ { "bbox": { "h": 0.037, "w": 0.089, "x": 0.884, "y": 0.94 }, "kind": "image", "text": "OppFi", "attrs": null, "subkind": "logo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ce01d9af-2d22-42e7-9d51-4b19c1c96f5f", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.59, "w": 0.434, "x": 0.534, "y": 0.261 }, "kind": "list", "text": "Net originations increased 57% year over year\nEnding receivables increased 54% year over year as a result of strong origination growth YoY\nNet charge-offs as % of average receivables increased to 51% versus 28% year over year, which is an improvement over Q1-2022 but continues to reflect elevated delinquencies from higher loss customer segments that we have continued to cut throughout Q2-2022\nYield decreased year over year due to introduction of personalized pricing and increased delinquency\nAutomatic approval rate increased to 62% from 51% year over year, reflecting the continued application of algorithmic automation projects that streamline the origination process\nTotal marketing cost per new funded loan decreased by 16% year over year due to reduced investment in direct mail spend combined with higher customer conversion rates", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "0a1afc62-0bd6-4e94-bd30-513a0146633e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.102, "w": 0.89, "x": 0.079, "y": 0.877 }, "kind": "source-note", "text": "1. Net originations include both originations by bank partners on the OppFi platform, as well as direct originations by OppFi.\n2. Receivables are defined as unpaid principal balances of both on- and off-balance sheet loans.\n3. Net charge-offs as a percentage of average receivables (defined as unpaid principal of both on- and off-balance sheet loans) represents total charge offs from the period less recoveries as a percent of average receivables. OppFi charges off loans after they are more than 90 days delinquent.\n4. Average Yield is defined as annualized interest income from the period as a percent of average receivables\n5. Auto-Approval Rate is calculated by taking the number of approved loans that are not decisioned by a loan advocate or underwriter (auto-approval) divided by the total number of loans approved.\n6. Marketing Cost per New Funded Loan represents marketing cost per funded loan for new loans. This metric is the amount of direct marketing costs incurred during a period divided by the number of new funded loans originated during that same period.\n7. Marketing Cost per Funded Loan represents marketing cost per funded loans (including new and returning customer loans). This metric is the amount of direct marketing costs incurred during a period divided by the number of funded loans originated during that same period.", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "cb779e3e-0bb2-40d7-8f20-6f436ee6ecb4", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.65, "w": 0.449, "x": 0.074, "y": 0.189 }, "kind": "table", "text": "UNAUDITED QUARTER ENDED\n($ in millions), except Total Marketing Cost\n6/30/2021\n6/30/2022\nNet Originations¹\n$144\n$226\nEnding Receivables²\n$260\n$402\n% of Originations by Bank Partners\n93%\n95%\nNet Charge-Offs as % of Avg.\nReceivables³\n28%\n51%\nAverage Yield⁴\n129%\n118%\nAutomatic Approval Rate⁵\n51%\n62%\nTotal Marketing Cost per New Funded\nLoan⁶\n$245\n$206\nTotal Marketing Cost per Funded Loan⁷\n$72\n$82", "attrs": null, "subkind": "data", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "29128f24-3d26-418d-8ab7-0572f9413618", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.479, "x": 0.039, "y": 0.08 }, "kind": "title", "text": "Quarterly Key Performance Indicators", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "286df694-5a96-49c8-93fc-594f3b223a3e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.029, "w": 0.202, "x": 0.534, "y": 0.195 }, "kind": "title", "text": "Key Highlights", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "875b5e38-38fe-4bad-aaaa-0e0335ee498b", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Table data", "slug": "table-data", "agent": null, "layer": "slide", "matchId": "4790a9ae-1230-451b-8738-fea327e26377", "evidence": "table/data: UNAUDITED QUARTER ENDED ($ in millions), except Total Marketing Cost", "confidence": 0.8 } ], "frameworks": [], "arcBeats": [ { "to": 19, "from": 14, "beatId": "fe4155eb-9c45-4a97-8659-91054746f5b4", "arcName": "The Sequoia Pitch", "arcSlug": "sequoia-pitch", "beatName": "Financials", "beatSlug": "sequoia-pitch-financials", "evidence": "Slides 14-19 present financial performance and outlook", "position": 3, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }