COVID-19 Update

Selected Financial Information (5-year summary)

(in $000s except per share amounts, employee counts, percentages and ratios) 2021 2020 2019 2018 2017
         
Income Statement          
Revenue 826,722 652,922 609,383 506,191 401,728
Operating income 281,003 216,436 168,793 119,717 87,393
Net income 244,943 136,505 64,349 53,124 36,132
Diluted earnings per share 14.62 8.76 4.17 3.56 2.56
Balance sheet        
Cash 102,479 93,053 46,341 100,188 109,370
Gross consumer loans receivable 2,030,339 1,246,840 1,110,633 833,779 526,546
Lease assets 47,182 49,384 48,696 51,618 54,318
Total assets 2,596,153
1,501,916
1,318,622
1,055,676
749,615
External debt 1,552,679
887,749
854,768
691,062
449,178
Shareholders’ equity 789,913
443,512
332,421
301,529
228,244
Financial metrics        
Revenue growth 26.6%
7.1%
20.4%
26.0%
16.60%
Operating margin 34.0%
33.1%
27.7%
23.7%
21.80%
Adjusted operating margin1 38.3%
33.1%
27.7%
23.70%
21.80%
Adjusted net income2 174,759 117,646 80,315 53,124 42,158
Adjusted diluted earnings per share1 10.43
7.57
5.17
3.56
2.97
Return on equity 36.7% 36.1% 20.2%
21.8%
17.0%
Adjusted return on equity1 26.2% 31.1% 25.3%
21.8%
19.8%
Return on tangible common equity1,5 50.7% 38.3% -
-
-
Adjusted return on tangible common equity1,5 35.3% 33.0% -
-
-
Net debt to net capitalization3 0.65
0.64
0.71
0.66
0.60
Annual dividend per share 2.64
1.80
1.24
0.90
0.72
Operating metrics        
Same store revenue growth4 12.1%
6.3%
19.5%
25.7%
18.3%
Gross loan originations 1,594,480
1,033,130
1,095,375
922,550
579,494
Growth in gross consumer loans receivable 783,499
136,207
276,854
307,233
156,029
Net charge-offs as a percentage of average gross consumer loans receivable 8.8%
10.0%
13.3%
12.7%
13.6%
Free cash flows from operations before net growth in gross consumer loans receivable2 260,104 210,619 120,985 95,689 66,636
Operations        
Total Store Count          
easyfinancial 294
266
256
241
228
easyhome 158
161
163
165
171
easyfinancial branch openings 27
12
15
23
22
Employees 2,394
2,024
2,024
1,821
1,729

1These are non-IFRS ratios. Refer to 1) “Key Performance Indicators and Non-IFRS Measures” section on page 50 of the Company’s Management's Discussion and Analysis (MD&A, available on www.sedar.com) year ended December 31, 2021 for FY 21 and FY 20 metrics, 2) “Key Performance Indicators and Non-IFRS Measures” section on page 39 of the Company’s MD&A year ended December 31, 2019 for FY 19 metric, and 3) “Key Performance Indicators and Non-IFRS Measures” section on page 51 of the Company’s MD&A year ended December 31, 2018 for FY 18 and FY 17 metrics

2These are non-IFRS measures. Refer to 1) “Key Performance Indicators and Non-IFRS Measures” section on page 50 of the Company’s MD&A year ended December 31, 2021 for FY 21 and FY 20 metrics, 2) “Key Performance Indicators and Non-IFRS Measures” section on page 39 of the Company’s MD&A year ended December 31, 2019 for FY 19 metric, and 3) “Key Performance Indicators and Non-IFRS Measures” section on page 51 of the Company’s MD&A year ended December 31, 2018 for FY 18 and FY 17 metrics

3This is a capital management measure. Refer to 1) “Financial Condition” section on page 61 of the Company’s MD&A year ended December 31, 2021 for FY 21 and FY 20 metrics, 2) “Financial Condition” section on page 45 of the Company’s MD&A year ended December 31, 2019 for FY 19 metric, and 3) “Financial Condition” section on page 56 of the Company’s MD&A year ended December 31, 2018 for FY 18 and FY 17 metrics

4This is a supplementary financial measure. Refer to 1) “Key Performance Indicators and Non-IFRS Measures” section on page 50 of the Company’s MD&A year ended December 31, 2021 for FY 21 and FY 20 metrics, 2) “Key Performance Indicators and Non-IFRS Measures” section on page 39 of the Company’s MD&A year ended December 31, 2019 for FY 19 metric, and 3) “Key Performance Indicators and Non-IFRS Measures” section on page 51 of the Company’s MD&A year ended December 31, 2018 for FY 18 and FY 17 metrics

5Comparable reported and adjusted return on tangible common equity financial measures for the years 2017 to 2019 were not published

Note: Non-IFRS ratios, non-IRFS measures, capital management measures and supplementary financial measures are not determined in accordance with IFRS, do not have standardized meanings and may not be comparable to similar financial measures presented by other companies