{
  "docId": "019de518-7a56-720e-9236-4ff4352f4572",
  "docSlug": "0348d105cbbbd6e1016cd4d5e7f24b9a",
  "documentTitle": "Dave | Results Presentation Deck | 39 slides",
  "authorId": "dave",
  "authorName": "Dave",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2024-08-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 31,
  "pageCount": 39,
  "prevPage": 30,
  "nextPage": 32,
  "slideType": "timeline",
  "function": "frame_situation",
  "density": "overcrowded",
  "nDataPoints": 2,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 0.9,
  "imagePath": null,
  "slideHref": "/slides/019de518-7a56-720e-9236-4ff4352f4572/31",
  "deckHref": "/decks/019de518-7a56-720e-9236-4ff4352f4572",
  "deckJsonHref": "/decks/019de518-7a56-720e-9236-4ff4352f4572.json",
  "deckAnchorHref": "/decks/019de518-7a56-720e-9236-4ff4352f4572#slide-31",
  "components": [
    {
      "bbox": {
        "h": 0.18,
        "w": 0.92,
        "x": 0.04,
        "y": 0.198
      },
      "kind": "diagram",
      "text": "Pre-4Q22 Variable Profit Positive\n4Q22 Adj. EBITDA Positive (Pre-Marketing)\n4Q23 Adjusted EBITDA Positive",
      "attrs": null,
      "subkind": "timeline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "498184bb-3649-4546-9c15-79d100aa020c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.025,
        "w": 0.05,
        "x": 0.035,
        "y": 0.92
      },
      "kind": "image",
      "text": "Dave",
      "attrs": null,
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "750d4d60-7a71-4e5e-a467-cd0a99583189",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.34,
        "w": 0.31,
        "x": 0.31,
        "y": 0.448
      },
      "kind": "list",
      "text": "Achieved in 4Q22 – earlier than prior guidance of 2023\nDigital marketing spend can be flexed to optimize ROIs and preserve liquidity as needed\nImplies level of self-sustainability of business model given our solid levels of organic acquisition",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8a16ae49-9a6d-429a-abcd-fcaa63fefdf5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.13,
        "w": 0.219,
        "x": 0.06,
        "y": 0.448
      },
      "kind": "list",
      "text": "Variable margin profitable since pre-2020\nPositions Dave for profitability as it scales",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8a5e2ad4-e54b-452d-9dcc-a2898ac03221",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.38,
        "w": 0.41,
        "x": 0.55,
        "y": 0.448
      },
      "kind": "list",
      "text": "Generated Adj. EBITDA profitability several quarters ahead of the expectation we set in mid-2022\nFinancial outperformance was driven by:\nARPU improvement based on stronger engagement in and monetization of ExtraCash™ and deeper cross-attach of Dave Card\nSubstantial variable margin expansion based on underwriting and settlement optimizations, payment network enhancements, and renegotiated vendor contracts\nLower marketing spend given more efficient CACs and stronger member conversion, retention, and reactivation\nIncreased operating leverage of a fixed cost base which we continue to rationalize",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f0656ed5-be21-45ef-a1ad-cc54e8a920fb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.015,
        "w": 0.019,
        "x": 0.936,
        "y": 0.93
      },
      "kind": "source-note",
      "text": "31",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "15844d9f-c544-4bdf-8974-af7ad6477a8a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.017,
        "w": 0.899,
        "x": 0.046,
        "y": 0.099
      },
      "kind": "title",
      "text": "Reached milestone at 2.1mm MTMs, an inflection point off of which we expect to grow profitability",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "df4728b0-466d-477a-883b-1658593681ce",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.033,
        "w": 0.899,
        "x": 0.046,
        "y": 0.06
      },
      "kind": "title",
      "text": "Adj. EBITDA Profitability Achieved Ahead of Plan (4Q23)",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3812fed2-ca0d-4fb2-9eec-613eeaf952a8",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 31,
      "from": 12,
      "beatId": "9b42b946-be1c-44c4-a365-273a1a409990",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Evidence & Proof",
      "beatSlug": "consultants-gambit-evidence-proof",
      "evidence": "Various KPI overviews and data points supporting the solution",
      "position": 4,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}