Attached files
| file | filename |
|---|---|
| EX-99.1 - EX-99.1 - Open Lending Corp | a20200309-exx991x2021x03.htm |
| 8-K - 8-K - Open Lending Corp | lpro-20200309x8xk.htm |
Earnings Supplement Q4 2020
2 Financial Highlights Q4 2020 Total Certs 26,822 Revenue ($mm) $39.6 million Adj. EBITDA ($mm) $24.8 million Adj. Operating Cash Flow1 ($mm) $8.3 million (1) Defined as Adj. EBITDA, minus CAPEX, plus or minus change in contract assets FY 2020 94,226 $108.9 million $69.5 million $41.9 million
3 Recent Accomplishments Open Lending and Partners Strongly Positioned Credit union and bank lenders are well capitalized with ample liquidity Insurers modestly impacted relative to other industries and profitable in 2020 Low interest rate environment, traditional lenders retrenching, and commuters shifting away from public modes of transportation are driving positive trends New partnerships such as OE Federal Credit Union, Members 1st Federal Credit Union and Interra Credit Union Partnered with 8 new refinance lenders in Q4 Added 16 new lender customers / contracts executed in Q4 14 active implementations with “go live” dates in the next 60 days Q4 Update OEM Opportunity OEM #1 Experienced certification growth of over 200% from April to December 2020 (560 – 619 credit score in all markets) Expanded credit score offering (619 – 679) in one pilot market with controlled roll out to the other markets in the next few months OEM #2 Ramping up since coming back online in October 2020 Building out pipeline with other OEMs for the future
4 Growth Plan Expand Core Business1 OEM Opportunity2 CECL Relief3 Launch into New Channels4 Broaden Our Offerings5
5 Q4 2020 Key Performance Indicators
6 Q4 2020 Financial Update
7 Reconciliation of Net Income (Loss) to Consolidated Adjusted EBITDA ($ in 000)
8 Total Share Count Shares In millions Total Shares Outstanding December 31, 2020 126.8 Treasury Shares 1.4 Total Shares Issued 128.2