Atlanticus (ATLC) Acquisition presentation summary

Strategic rationale and acquisition overview

• Acquisition of Mercury Financial adds $3.2B in receivables and 1.3M serviced accounts, significantly scaling the credit card segment.

• Enhances capabilities in the near-prime segment and expands acquisition channels through unique marketing and co-brand partnerships.

• Provides opportunities for value creation via account repricing and portfolio optimization.

• Adds key technology, resources, and talent to support sustained growth and market leadership.

Financial impact and growth potential

• Pro forma, managed receivables reach $6.2B and serviced accounts total 5.3M.

• Revenue increases to $2.3B pro forma, with purchase volume at $6.2B.

• 2026 estimated EPS accretion of $0.50–$1.50, rising to $2.00–$4.00 in 2027, assuming successful integration and optimization.

• Operating synergies and expanded product offerings expected to drive above-market growth.

Mercury Financial profile and market positioning

• Mercury Financial is a top 25 Visa/MasterCard U.S. program, serving near-prime consumers with a $3.2B card portfolio and 1.3M serviced accounts.

• Weighted average FICO of 644 and average customer income of ~$80,000, higher than legacy portfolio.

• Lower delinquency rates (6.5% vs. 15.3%) and higher average balances and credit limits compared to legacy accounts.