Affirm (AFRM) investor relations material

Introduction and agenda

• The session included questions from both the host and retail investors, covering a broad range of topics relevant to current business performance and strategy.

Current industry trends

• Elevated oil prices and geopolitical risks have not yet impacted consumer demand, but ongoing monitoring is in place.

• The company remains cautious about inflation and unemployment, leveraging nimble underwriting to adapt quickly.

• The ABS market remains strong, with recent securitizations oversubscribed and favorable pricing achieved.

• There is a continued shift toward off-balance-sheet funding, but a balanced approach is maintained.

Challenges and overcoming obstacles

• Tools such as upfront down payments, term length adjustments, and additional consumer data requests are used to manage credit risk in contractionary periods.

• Funding diversification includes ABS, forward flow agreements, and warehouse loans to mitigate market dislocation risks.