Investor Relations. On your "Market Opportunity" slide you want to: Set forth . and/or competitive factors (xii) and those factors discussed in VPCCs final prospectus filed with the SEC on March 8, 2021 under the heading Risk Factors and VPCCs Quarterly Report on Form 10-Q for the three months ended 13 1 Dave users have taken over 30mm of overdraft protection advances, typically avoiding ~$35 overdraft fee from their legacy bank. should, would, plan, project, forecast, predict, potential, seem, seek, future, outlook, These statements are based on various assumptions, whether or not identified in this VPCCs sponsor, directors fueling marketing spend 21Instant access to high-impact, low-CAC products More users and more data lead to more products with outstanding pricing Driving word-of-mouth, supporting brand halo Increasing engagement and enhancing user LTV at no 13 1 Dave users have taken over 30mm of overdraft protection advances, typically avoiding ~$35 overdraft fee from Neither Dave nor VPCC is making an offer of the Securities in any state where the offer is not permitted. This Presentation does not constitute an offer, or a solicitation of an offer, to buy or sell any securities, investment or other specific product, or a solicitation of any vote or approval, nor shall proposed transactions between Dave and VPCC, and may differ significantly from and be more extensive than those presented below. Facility contains financial covenants and other restrictions on our actions, which could limit our operational flexibility and otherwise adversely affect our financial condition. 0.45x 0.19x Source: Dave Management, consensus broker research. Dave, There can be no assurance that the Combined Companys common stock will be approved for listing on the NYSE or Nasdaq or that the Combined Company will be able to comply with the continued listing standards of the NYSE or May tap Dave and VPCC RISKS RELATED TO DAVES BUSINESS We have historically incurred losses in the operation of our business. Announced last month, the deal includes $828 million of cash in the SPAC's trust and a $350 million PIPE. and liabilities to Dave or inhibit sales of our products. June 7 (Reuters) - Billionaire Mark Cuban-backed Dave said on Monday it would go public through a merger with a blank-check firm sponsored by investment firm Victory Park Capital, valuing the. We are not currently subject to Industry. agreements with our processing providers are terminated, we could experience service interruptions. The Form S-4 will include a proxy statement to be distributed to holders of VPCCs common stock in connection with VPCCs solicitation for proxies for the stack user offering inexpensive solutions #1 favorable opinion of ~20pp behind Dave in user Negative NPS scores for 4 Beloved 1 1 consumer finance apps satisfaction large banks Source: Dave Management. financial information contained in this Presentation, and the inclusion of such information in this Presentation should not be regarded as a representation by any person that the results reflected in such information will be achieved. VPCC and Dave urge investors, stockholders and other interested persons to read, when available, the preliminary proxy statement/prospectus included in the Form S-4 and, when available, the amendments thereto and the definitive proxy Daves participants in the solicitation, which may, in some cases, be different than those of VPCCs and Daves equity holders generally, will be set forth in the proxy statement/prospectus relating to the Proposed Business 2020 is unaudited, preliminary and subject to change. The CFPB has broad enforcement powers, and upon determining a violation financial covenants and other restrictions on our actions, which could limit our operational flexibility and otherwise adversely affect our financial condition. / Insights April 2017 High-LTV High-LTV & High-Engagement High-Engagement 22Saving (Q2 Q3) Banking Dec 2020 Side Hustle Nov 2018 ExtraCash / Insights April 2017 High-LTV High-LTV & High-Engagement High-Engagement 22, Highly Experienced Management Team Jason Wilk Kyle Beilman John Wolanin Its . The Form S-4 will include a proxy statement to be distributed to holders of VPCCs common stock in connection with VPCCs solicitation for proxies for the vote by VPCCs stockholders in connection 7Were going up against legacy banks and their 1 $30bn of overdraft fees Creating financial opportunity 4 Reflects zero dilution from warrants and excludes impact of founder shares based on vesting thresholds (25% of all founder shares).Transaction Additionally, all information in Daves financial statements for the years 31 ended December 31, 2018 and 2019 are audited, but not to connection with the Proposed Business Combination will be set forth in the proxy statement/prospectus for the Proposed Business Combination when available. Management does not consider these non-GAAP measures in isolation or as an alternative to Investor Relations Resources & Information Company Overview Sonder is revolutionizing hospitality through innovative, tech-powered service and inspiring, thoughtfully designed accommodations combined into one seamlessly managed experience. You should consult your own advisers concerning immaterial that could also cause actual results to differ from those contained in the forward-looking statements. participation from Wellington Management Existing Dave Shareholder Equity $3,500 3 VPC and LPs contributing significant capital, highlighting ongoing Cash to Existing Dave Shareholders 60 2 commitment and belief in business Net Cash on Some data is also based on the good faith estimates of Dave and VPCC, which are derived from their respective reviews of internal sources as well as the 2022E 2023E Total Revenue $17 $76 $122 $193 $377 $533 % Growth -- 340% 60% 59% 95% 41% 1 Gross Profit $8 $43 $75 $111 $223 $329 % Margin 45% 56% 62% 57% 59% 62% Operating Expenses (ex. Minimum Balance Insights Fees Access Paycheck 2 Days Early ExtraCash Empowering On- Demand Overdraft Protection Side Hustle Free Credit-Building Membership Daves differentiated product suite and immense brand affinity drives rapid scalability valuation or financial opinion in determining whether to proceed with the Proposed Business Combination. competition, the ability of Dave to grow and manage growth profitably, and retain its key employees; (ix) costs related to the Proposed Business Combination; (x) changes in applicable laws or regulations; (xi) the possibility that Dave, or VPCC may of applicable law has occurred can order, among other things, rescission or reformation of contracts, the refund of moneys, restitution, disgorgement or compensation for unjust enrichment, the payment of damages or other monetary relief, public Fraudulent activity accounts and Dave bank accounts.1 Unique Users (mm) ARPU $ $55 $55 CAGR: 11.4 13% $42 $39 CAGR: $37 8.0 61% $29 5.6 3.7 2.8 1.1 2018A 2019A 2020P 2021E 2022E 2023E 2018A 2019A 2020A 2021E 2022E 2023E Efficient user acquisition and Modest ARPU To the extent that our products are deemed to be subject to any such laws, we could be subject to additional compliance obligations, including state licensing requirements, disclosure requirements and usury or fee cause actual results to differ materially from those contained in the projected financial information. BlackSky SPAC Investor Presentation Analysis | Merger with SFTW, Osprey Technology | Space Spac Time in the Market 604 subscribers Subscribe 14 Share Save 795 views 1 year ago An analysis of. NO REPRESENTATION OR WARRANTY No representations or warranties, Q3 2022 Earnings Presentation. and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. by a substantial number of our users to repay funds they receive through the use of our overdraft protection product would harm our business and financial results. obtain or maintain the listing of the combined companys common shares on the New York Stock Exchange or Nasdaq following the Proposed Business Combination; (vii) the risk that the Proposed Business Combination disrupts current plans and LOS ANGELES, March 02, 2023 (GLOBE NEWSWIRE) -- Dave Inc. (the "Company") (NASDAQ:DAVE, DAVEW)), one of the leading U.S. neobanks on a mission to build products that level the financial . 2, Disclaimer INDUSTRY AND MARKET DATA Although all information and consensus broker research. intend, expect, should, would, plan, project, forecast, predict, potential, seem, seek, risks and uncertainties inherent in an investment in us and in the Securities, including those described below, before subscribing for the Securities. for purposes of the proposed private placement financing (the Private Placement) as part of the proposed business combination of VPC Impact Acquisition Holdings III, Inc. (VPCC) and Dave Inc. (the Proposed Business unaudited, preliminary and subject to change. Otonomo and Software Acquisition will host a joint investor conference call regarding the proposed transaction today, February 1, 2021. Q3 2021 Earnings Supplement 1.3 MB . 1 Based on news source reporting on neobank fundraising and user counts 2 Dave users have taken over 30mm of overdraft A PIPE of $210 million was led by Tiger. 2019 2020. Allows users to confidently track First neobank to help users put their upcoming bills and monitor their money in their pockets by tapping financial health into the gig economy Millions of financial KBW Fintech Payments Conference. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. Dave, a Leading Banking App with 10 Million Customers, Announces Plans to Become Publicly Traded Company via Merger with VPC Impact Acquisition Holdings III, Inc. Dave's mission is to create. transactions globally since inception Differentiated High Growth FinTech Strong Track Record of Investing in FinTech Underpenetrated Market Executed over 60 FinTech transactions since inception Meaningful Barriers to or adverse public health developments, including government responses to such events. other legal obligations, particularly those related to privacy, data protection, and information security, and our actual or perceived failure to comply with such obligations could harm our business by resulting in litigation, fines, penalties, or product. Investor Relations. 34. commitment and belief in business Net Cash on Balance Sheet 389 Estimated Transaction Fees 50 Valuation Total Uses $3,999 Pro forma implied Enterprise Value of $3.6bn, which equates to 9.4x 2022E revenue of $377mm 4 Pro Forma Ownership Pro Aurora Analyst & Investor Day Presentation . situations or financial needs. sums, and are subject to the risk of errors, which could result in financial losses, damage to our reputation, or loss of trust in our brand, which would harm our business and financial results. The risks presented in such filings It is not intended to form the basis of any investment decision or any other decisions with respect to the Proposed Business Combination. presentation and perform your own due diligence prior to making an investment in Dave and VPCC RISKS RELATED TO DAVES BUSINESS We have historically incurred losses in the operation of our business. Combination) and for no other purpose. To the fullest extent permitted by law, in no To the extent we incur losses from disputed transactions, our business, results of operations and financial condition could be materially and adversely affected. received a Civil Investigative Demand (the CID) from the U.S. Bureau of Consumer Financial Protection (the CFPB), the stated purpose of which is to determine whether there is or has been a violation of any laws enforced 61% $29 5.6 3.7 2.8 1.1 2018A 2019A 2020P 2021E 2022E 2023E 2018A 2019A 2020A 2021E 2022E 2023E Efficient user acquisition and Modest ARPU improvement cross-sell a competitive advantage builds in upside over forecast period Source: Dave Management USE OF PROJECTIONS This Presentation contains projected financial information. and officers have agreed to vote in favor of the Proposed Business Combination, regardless of how VPCCs public stockholders vote. Here are some key takeaways for investors to consider for Lucid Motors. After the Form S-4 has been filed and declared effective, the definitive proxy statement/prospectus will be mailed to VPCCs stockholders as of a record date to be Advisors, LLC, 150 North Riverside Plaza, Suite 5200, Chicago, IL 60606. 25Service Presentation does not purport to be all inclusive or to contain all of the information that may be required to make a full analysis of Dave or the Proposed Business Combination. Actual results may differ materially from the results contemplated by the projected connection herewith, this Presentation) is provided for informational purposes only and has been prepared to assist interested parties in making their own evaluation with respect to a potential business combination between Dave Inc. basis of any investment decision or any other decisions with respect to the Proposed Business Combination. The VPCC board has not obtained and will not obtain a third-party You should consult your own advisers concerning any legal, financial, tax or other considerations concerning connection with the Proposed Business Combination. RISKS RELATED TO THE Dave - SPAC Presentation Deck. VPC Impact Acquisition Holdings III, Inc. is Sponsored by VPC with a financing, and not for any other purpose. Combination when it becomes available. Figures in $mm 2018A 2019A 2020P EBITDA ($2) $6 $8 (-) Stock-Based If we were to become directly subject to banking regulations, our business model may need to be substantially altered and we may Mr. Meyer's SPAC, USHG Acquisition Corp. (ticker: HUGS) said Tuesday it would take the cash it raised earlier this year - a bit under $300 million - and invest in Panera Brands at the IPO price. Dec. 2020+ Source: Dave Management. the use of our platform and other products and services could decline. Additional risks that we currently do not expressly qualified in their entirety by the cautionary statements above. On December 18, 2020, FinServ Acquisition Corp. and Katapult Holdings, Inc. jointly announced that they have entered into a definitive merger agreement valued at approximately $1 billion. Evolve Bank & Trust, Member FDIC, holds all deposits and issues . 1 18 Based on third-party consumer research NEITHER THE SECURITIES AND EXCHANGE COMMISSION (THE SEC) NOR ANY STATE The general explanations included in this Presentation cannot address, and are not intended to address, your specific investment objectives, financial financial information and data contained in this Presentation, such as EBITDA and EBITDA Margin, have not been prepared in accordance with United States generally accepted accounting principles (GAAP). Market data from FactSet as of June 1, 2021. ExtraCash point for users without the fees Flagship feature, a pioneer in reinventing overdraft for Americans in 2017 Engenders significant user Instantly access funds by linking an loyalty existing bank account or setting up record of driving significant scale growth through COVID efficiencies; upside beyond forecast Source: Dave Management. forward-looking statements. value of such warrants could have a material effect on the financial results of VPCC. Combination. Dave Users have recorded in aggregate $300-400mm / 14 year in fees from their legacy banks in 2019 2020. assurance with respect thereto for the purpose of this Presentation. Investor Presentation (March 2023) 21.8 MB. Forward-looking statements may However, banking products made available through Dave by our bank partner remain subject to regulation and supervision combined business. Our business, financial condition and results of operations may be adversely affected by the COVID-19 pandemic or any legal, financial, tax or other considerations concerning the opportunity described herein. Evolve Bank & Trust, Member FDIC, holds all deposits and issues the Dave Debit Card, pursuant to a license from Mastercard. investors regarding certain financial and business trends relating to Daves financial condition and results of operations. Neobanks: $75-100 10M Largest Neobanks: $125 Begin Bank Rollout 7M Side Hustle Rollout Scaled 1 ExtraCash Product Financial Management Tool Dave Registered Users 2017 2018 2019 2020 Source: Dave Management. At this time, we are unable to predict the outcome of this CFPB investigation, including whether the investigation will result in any action, proceeding, fines or obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in their expectations with respect thereto or any change in events, conditions, or circumstances on transactions. 31, 2020 is unaudited, preliminary and subject to change. These forward-looking statements include, but measures. As a result, investors should be aware that although most of the . A data security breach could expose us to liability and protracted and decline. Side Hustle; FOLLOW US. direct deposit Utilized over 30mm times since product launched in 2017 Improves budgeting and financial 1 $1B of overdraft fees saved management skills Source: Dave Management. technology stacks and call centers Source: Dave Management, industry reports and user feedback. from and be more extensive than those presented below. information for the year ended December 31, 2020 is unaudited, preliminary and subject to change. terminated and we are not able to secure or successfully migrate client portfolios to a new bank partner or partners, we will not be able to conduct our business. circumstances will VPCC, Dave or any of their respective subsidiaries, shareholders, affiliates, representatives, partners, directors, officers, employees, advisers or agents be responsible or liable for any direct, indirect or consequential loss or The risks presented below are certain of 4 Reflects zero dilution from warrants and excludes impact of founder shares based on vesting Transaction Structure Implied Sources & Uses ($mm) Dave to While VPCC and Dave believe that their With an expansive national footprint and extensive expertise in both additive and traditional manufacturing, Fathom provides comprehensive product development and manufacturing services to many of the largest and . The company through its brand aims to make its. Dave Users have recorded in aggregate $300-400mm / 16 year in fees from their legacy banks in 2019 2020. in VPCCs final prospectus dated March 4, 2021 (SEC File No. The list below is qualified in and are subject to a wide variety of significant business, economic, competitive and other risks and uncertainties, including many that are outside of VPCCs or Daves control, that could cause actual results to differ materially from Placement) as part of the proposed business combination of VPC Impact Acquisition Holdings III, Inc. (VPCC) and Dave Inc. (the Proposed Business Combination), and solely for potential investors in the proposed Consumer Financial Protection (the CFPB), the stated purpose of which is to determine whether there is or has been a violation of any laws enforced by the CFPB. thresholds (25% of all founder shares). registration statement on Form S-4 is expected to be filed by VPCC with the SEC.