Atlanticus (ATLC) investor relations material

Company overview and business model

• Fintech platform supplies technology and support to bank partners offering private-label and general-purpose credit cards through retail, healthcare, direct mail, digital and third-party channels.

• Data analytics and machine learning support instant credit decisions using hundreds of inputs, targeting consumers underserved by lenders focused on higher FICO scores.

• Lenders pay fees and generally must sell generated receivables; receivables are acquired at loan principal while bank partners retain account ownership and servicing and receive monthly regulatory and performance-based compensation.

• Receivables portfolios may also be purchased from third parties.

Use of proceeds and capital allocation

• Net proceeds are intended for working capital and general corporate purposes, including debt repayment, capital expenditures and general and administrative expenses; specific allocations may be set in offering supplements.

• Management retains significant discretion over proceeds; pending use, funds are intended for investment in high-quality, short-term, interest-bearing securities.

Risk factors and disclosures

• Investment involves a high degree of risk; investors are directed to risk factors in the latest Form 10-K, subsequent Form 10-Q filings and applicable offering supplements.

• Forward-looking statements involve risks, uncertainties and assumptions; actual results and timing may differ materially, and there is no commitment to update statements except as required by law.

• Debt securities generally lack change-of-control protection unless a supplement specifies otherwise; debt may be unsecured and effectively junior to secured obligations to the extent of collateral value.

• Preferred stock issuance and Georgia anti-takeover provisions may make an acquisition more difficult; shareholder-called special meetings require holders of at least 25% of outstanding capital stock.