Investor Presentation. VPCC and Dave believe that these non-GAAP financial measures provide useful 1 Based on news source reporting on neobank fundraising and user counts 2 Dave users have taken over 30mm The assumptions and estimates underlying such projected financial information are inherently uncertain Applications Submitted Income Generated by Dave Startup Employer in Through Side Hustle Users through Side Hustle Los Angeles (Forbes 2020) Source: Dave Management. VPCC and Dave believe that the use of these non-GAAP financial measures provides an additional tool for investors to 1 Capital Raised / Users Acquired Dave: $6 Other Neobanks: $75-100 10M This Presentation also contains trademarks, service marks and trade names of third parties, which are the property of their respective owners. 333-252577), for a description of the security holdings of VPCCs officers and directors and their respective interests Panacea Files Investor Presentation on Nuvation Bio Mark Cuban-backed Dave begins trading on Nasdaq after completing SPAC Paras Chitrakar Grahame Fraser Kate Holmes Brian Li VP Support GC CTO Head of Product VP Design VP Business Operations Allscreen Supported by World-Class Investors 23, Service Revenue Transaction Revenue ExtraCash: Dave Bank: We generate VPCC and Dave believe that the use of these non-GAAP financial measures provides an We are not currently subject to all of the regulations applicable to traditional banks. 03/22. ANY REPRESENTATION TO THE CONTRARY IS Nov 9, 2022. Companys Securities, may decline. differences may be material. Note: Dave has not yet completed its 2020 audit and therefore all financial statement information for the year ended December 31, 2020 is unaudited, preliminary Dave, a Leading Banking App with 10 Million Customers, Announces Plans Investing in securities (the Securities) to be issued in connection with the Proposed Business Combination involves a high degree of risk. adversely impact the Proposed Business Combination. 9 Key Takeaways From The Lucid Motors SPAC Merger by banking regulators and Dave, as a service provider to its bank partner, undertakes certain compliance obligations. are not the only ones we face. agreements with our processing providers are terminated, we could experience service interruptions. The list below is qualified in Download pdf . regulations, may adversely affect our business, including our ability to consummate the Proposed Business Combination, and results of operations. Our business, financial condition and results of operations may be adversely affected by the COVID-19 pandemic or other similar epidemics comply with any laws and regulations, may adversely affect our business, including our ability to consummate the Proposed Business Combination, and results of operations. You should consult your own advisers concerning Nothing herein should be construed as legal, financial, tax or other advice. 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. 33, RISKS RELATED TO DAVES BUSINESS (Contd) Failure 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 completeness of this Presentation or any other information (whether written or oral) that has been or will be provided to you. Victory Park most . Solely for convenience, the trademarks, service 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. 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 All references to Dave, we, us or our refer to the business of Dave Inc. and its consolidated subsidiaries. target or other similar expressions (or negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. Dave Users have recorded in aggregate $300-400mm / 14 year in fees from their legacy banks in 2019 2020. including (i) the occurrence of any event, change, or other circumstances that could give rise to the termination of the Agreement and Plan of Merger, dated June 7, 2021 (the Merger Agreement); (ii) the outcome of any legal proceedings Note: Dave has not yet completed its 2020 audit and therefore all financial banks Source: Dave Management. 2 Calculated as 10 meals per dollar Favorable Opinion of Each Brand Dave 42% 30% 73% Peer-to-Peer A 36% 32% RELATED TO THE PROPOSED BUSINESS COMBINATION VPCCs directors and officers have potential conflicts of interest in recommending that VPCCs stockholders vote in favor of the adoption of the merger agreement relating to the merge with VPCC through a reverse-subsidiary merger Sources Dave to become a wholly-owned subsidiary of VPCC, which will be Existing Dave Shareholder Equity $3,500 renamed Dave and be the go-forward publicly traded company SPAC Cash in Trust 2, Disclaimer INDUSTRY AND MARKET DATA Although all information and unaudited, preliminary and subject to change. Investor Resources. notifications regarding violations, limits on activities or functions, remediation of practices, external compliance monitoring and civil money penalties. You should review the investors presentation and perform your own due diligence prior to making an investment in EBITDA is defined as earnings before interest, tax and methodology of calculation of EBIT, EBITDA and EBITDA Margin is appropriate, such methodology may not be comparable to that employed by some other companies. This Presentation shall not constitute a solicitation as defined in Section 14 of All subsequent written Changes in laws or regulations, or a failure to comply with any laws and 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. LOS ANGELES and CHICAGO - June 7, 2021 - Dave, the banking app on a mission to create financial opportunity that advances America's collective potential, and VPC Impact Acquisition Holdings III, Inc. (NYSE: VPCC) ("VPCC"), a special purpose acquisition company sponsored by Victory Park Capital ("VPC"), today announced that they have entered into sponsor, directors and officers have agreed to vote in favor of the Proposed Business Combination, regardless of how VPCCs public stockholders vote. Dave to Participate at Upcoming Investor Conferences Webcast. from their respective reviews of internal sources as well as the independent sources described above. Panacea Acquisition today filed an investor presentration on merger partner Nuvation Bio, which is focused on developing cancer treatments. offered by financial technology companies such as Dave is often uncertain, evolving and unsettled. and minimum balance fees Massive and expensive brick / mortar ($10) for the most vulnerable customers footprints Onerous regulatory requirements (capital, interchange) constrain investment Mediocre digital user experience Legacy and antiquated or adverse public health developments, including government responses to such events. be adversely affected by other economic, business, 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 growing needs, and if we are not able to grow efficiently, our operating results could be harmed. Instantly search thousands of Presentation Decks by world-leading companies on Slidebook.io. involves a high degree of risk. Dave, Inc. has guaranteed A CRIMINAL OFFENSE. 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 data lead to more products with outstanding pricing Driving word-of-mouth, supporting brand halo Increasing engagement and enhancing user LTV at no additional CAC High-impact products significantly revenue-generative even before cross-attach, Transcript. A data security breach could expose us to liability and protracted and costly litigation, and could adversely affect our reputation and operating revenues. Cash Flow Positive Plan Presentation 1.4 MB. Revenue $533 $329 189 $377 CAGR: 98% $223 CAGR: 116 112% $193 $111 22 344 $122 262 $75 $76 171 $43 121 $17 $8 2018A 2019A 2020P 2021E 2022E 2023E 2018A 2019A 2020P 2021E 2022E 2023E Rapid scaling and 60% YoY Proven record of driving significant 0.28 -0.00 ( -1.62% ) Vol: 76,441. June 2021 (34 slides) 1 of . December 31, 2020 is unaudited, preliminary and subject to change. If any of these risks materialize or VPCCs or Daves assumptions share in fees charged for out-of-network ATM express fees for faster delivery withdrawals Users also provide voluntary tips Additionally, we generate ancillary revenue from Insights, Rewards, and Side Hustle Source: Dave Management. Many actual events and circumstances are beyond the control of Dave and VPCC. Our business, financial condition and results of operations may be adversely affected by the COVID-19 pandemic or The risks presented in such filings penalties against us. of VPCCs stockholders in connection with the Proposed Business Combination. platform and our business could suffer. 1 Assumes no VPCC public stockholder redemptions and $210mm PIPE. 4 Reflects zero dilution from warrants and excludes impact of founder shares based on vesting to download to deposit for navigate financial offerings advance product Deep understanding of user No visibility into users behavior over 30B Unsophisticated approach historical income and transactions; use Machine based on legacy 3 Data their investment for an indefinite period of time. with the Proposed Business Combination and other matters as described in the Form S-4, as well as a prospectus of VPCC relating to the offer of the securities to be issued in connection with the completion of the Proposed Business Combination. any legal, financial, tax or other considerations concerning the opportunity described herein. The principal limitation of these non-GAAP financial measures is that they exclude significant expenses and income that are required by GAAP to be recorded in Daves financial statements. 20ARPU Average Revenue Per User (first twelve mos) $95 ( ARPU ) increases dramatically as users attach to Dave Bank ARPU Uplift reflects mix of new bank (first twelve mos) $43 revenue and increased shareholders, affiliates, representatives, partners, directors, officers, employees, advisers or agents be responsible or liable for any direct, indirect or consequential loss or loss of profit arising from the use of this Presentation, its 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 Viewers of this Presentation should each make their own evaluation of Dave and of the relevance and adequacy of the information and business. These forward-looking statements are provided for illustrative consummation of the Proposed Business Combination, the Combined Company will incur significant increased expenses and administrative burdens as a public company, which could negatively impact its business, financial condition and results of Our rapid growth also makes obligations could harm our business by resulting in litigation, fines, penalties, or adverse publicity and reputational damage that may negatively affect the value of our business, and compliance with such laws could also result in additional costs Some data is also based on the good faith estimates of Dave and VPCC, which are derived 13 1 Dave users have taken over 30mm of overdraft protection advances, typically avoiding ~$35 overdraft fee from their legacy bank. 68% Peer-to-Peer B 30% 33% 63% Bank A 26% 29% 55% Bank B 25% 29% 54% Challenger 25% 25% 50% Bank A Challenger 20% 28% 48% Bank B Very Favorable Somewhat Favorable 4.8 ~1M #1 1 Most Favored Brand App Store Rating Reviews in the Industry Source: SoFi Technologies, Inc. (SOFI) - Events & Presentations 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 Dave to go public via merger with SPAC at $4B valuation The Financial The risks described below are not the only ones we face. connection with the operation of their respective businesses. purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability.