Forward-Looking Statements

About goeasy

For further information contact:

Farhan Ali KhanExecutive Vice President & Chief Strategy and Corporate Development Officer(905) 272-2788

Non-IFRS Measures and Other Financial Measures

The Company uses a number of financial measures to assess its performance. Some of these measures are not calculated in accordance with International Financial Reporting Standards (IFRS) as issued by International Accounting Standards Board (IASB), are not identified by IFRS and do not have standardized meanings that would ensure consistency and comparability among companies using these measures. The Company believes that non-IFRS measures are useful in assessing ongoing business performance and provide readers with a better understanding of how management assesses performance. These non-IFRS measures are used throughout this press release and listed below. An explanation of the composition of non-IFRS measures and other financial measures can be found in the Company's MD&A, available on www.sedarplus.ca.

Adjusted Net Income and Adjusted Diluted Earnings Per Share

Adjusted net income is a non-IFRS measure, while adjusted diluted earnings per share is a non-IFRS ratio. Refer to "Key Performance Indicators and Non-IFRS Measures" section on page 42 of the Company's MD&A for the year ended December 31, 2024. Items used to calculate adjusted net income and adjusted earnings per share for the three-month periods and years ended December 31, 2024 and 2023 include those indicated in the chart below:

Adjusted Other Operating Expenses and Efficiency Ratio

Adjusted other operating expenses is a non-IFRS measure, while efficiency ratio is a non-IFRS ratio. Refer to "Key Performance Indicators and Non-IFRS Measures" section on page 42 of the Company's MD&A for the year ended December 31, 2024. Items used to calculate adjusted other operating expenses and efficiency ratio for the three-month periods and years ended December 31, 2024 and 2023 include those indicated in the chart below:

Adjusted Operating Margin

Adjusted operating income is a non-IFRS measure, while adjusted operating margin is a non-IFRS ratio. Refer to "Key Performance Indicators and Non-IFRS Measures" section on page 42 of the Company's MD&A for the year ended December 31, 2024. Items used to calculate adjusted operating income and adjusted operating margins for the three-month periods and years ended December 31, 2024 and 2023 include those indicated in the chart below:

Earnings before Interest, Taxes, Depreciation and Amortization ("EBITDA") and EBITDA Margin

EBITDA is a non-IFRS measure, while EBITDA margin is a non-IFRS ratio. Refer to "Key Performance Indicators and Non-IFRS Measures" section on page 42 of the Company's MD&A for the year ended December 31, 2024. Items used to calculate EBITDA and EBITDA margin for the three-month periods and years ended December 31, 2024 and 2023 include those indicated in the chart below:

Free Cash Flow from Operations before Net Growth in Gross Consumer Loans Receivable

Free cash flow from operations before net growth in gross consumer loans receivable is a non-IFRS measure. Refer to "Key Performance Indicators and Non-IFRS Measures" section on page 42 of the Company's MD&A for the year ended December 31, 2024. Items used to calculate free cash flow from operations before net growth in gross consumer loans receivable for the three-month periods and years ended December 31, 2024 and 2023 include those indicated in the chart below:

Adjusted Return on Receivables

Adjusted return on receivables is a non-IFRS ratio. Refer to "Key Performance Indicators and Non-IFRS Measures" section on page 42 of the Company's MD&A for the year ended December 31, 2024. Items used to calculate adjusted return on assets for the three-month periods and years ended December 31, 2024 and 2023 include those indicated in the chart below:

Adjusted Return on Assets

Adjusted return on assets is a non-IFRS ratio. Refer to "Key Performance Indicators and Non-IFRS Measures" section on page 42 of the Company's MD&A for the year ended December 31, 2024. Items used to calculate adjusted return on assets for the three-month periods and years ended December 31, 2024 and 2023 include those indicated in the chart below:

Adjusted Return on Equity

Adjusted return on equity is a non-IFRS ratio. Refer to "Key Performance Indicators and Non-IFRS Measures" section on page 42 of the Company's MD&A for the year ended December 31, 2024. Items used to calculate adjusted return on equity for the three-month periods and years ended December 31, 2024 and 2023 include those indicated in the chart below:

Reported and Adjusted Return on Tangible Common Equity

Reported and adjusted return on tangible common equity are non-IFRS ratios. Refer to "Key Performance Indicators and Non-IFRS Measures" section on page 42 of the Company's MD&A for the year ended December 31, 2024. Items used to calculate reported and adjusted return on tangible common equity for the three-month periods and years ended December 31, 2024 and 2023 include those indicated in the chart below:

easyhome Financial Revenue

easyhome financial revenue is a non-IFRS measure. It is calculated as total company revenue less easyfinancial revenue and leasing revenue. The Company believes that easyhome financial revenue is an important measure of the performance of the easyhome segment. Items used to calculate easyhome financial revenue for the three-month periods ended December 31, 2024 and 2023 include those indicated in the chart below:

Total Yield on Consumer Loans as a Percentage of Average Gross Consumer Loans Receivable

Total yield on consumer loans as a percentage of average gross consumer loans receivable is a non-IFRS ratio. See description in section "Portfolio Analysis" on page 31 of the Company's MD&A for the year ended December 31, 2024. Items used to calculate total yield on consumer loans as a percentage of average gross consumer loans receivable for the three-month periods and years ended December 31, 2024 and 2023 include those indicated in the chart below::

Net Principal Written and Percentage Net Principal Written to New Customers

Net principal written (Net loan advances) is a non-IFRS measure. See description in section "Portfolio Analysis" on page 31 of the Company's MD&A for the year ended December 31, 2024. The percentage of net loan advances to new customers is a non-IFRS ratio. It is calculated as loan originations to new customers divided by the net principal written. The Company uses percentage of net loan advances to new customers, among other measures, to assess the operating performance of its lending business.  Items used to calculate the percentage of net loan advances to new customers for the three-month periods ended December 31, 2024 and 2023 include those indicated in the chart below:

Net Debt to Net Capitalization

Net debt to net capitalization is a capital management measure. Refer to "Financial Condition" section on page 54 of the Company's MD&A for the year ended December 31, 2024.

Average Loan Book Per Branch

Average loan book per branch is a supplementary financial measure. It is calculated as gross consumer loans receivable held by easyfinancial branch locations divided by the number of total easyfinancial branch locations.

Weighted Average Interest Rate

Weighted average interest rate is a supplementary financial measure. It is calculated as the sum of individual loan balance multiplied by interest rate divided by gross consumer loans receivable.

SOURCE goeasy Ltd

SOURCE: goeasy Ltd

COMTEX_462759861/2197/2025-02-13T16:02:00