Dealnet Reports 2019 Financial Results - Seite 3

Key Performance Indicators

The following table summarizes some of the Key Performance Indicators that the Company uses to measure the achievement of its business plan objectives:

	Q4 2019	Q4 2018	FY 2019	FY 2018
Finance Receivables	$201.7M	$182.8M	$201.7M	$182.8M
Organic Originations	$18.9M	$14.1M	$60.4M	$44.4M
Average Yield on Earning Assets1	9.0%	8.7%	9.0%	8.8%
Weighted Average Interest Expense1	4.7%	4.4%	4.9%	4.5%
Net interest margin1	4.3%	4.3%	4.1%	4.3%
Call Centre Gross Margin	37%	27%	36%	28%
Tangible Leverage1	5.7	4.9	5.7	4.9
Tangible Net Worth1	$34.1M	$34.9M	$34.1M	$34.9M
Direct Operating Expense Ratio1	5.6%	6.3%	6.2%	7.9%

¹This is a non-GAAP measurement. Refer to Non-GAAP Measures on page 23 of management’s discussion and analysis for the definition of this measurement.

The financial statements for the fiscal year 2019 together with management’s discussion and analysis of these results have been filed on SEDAR. The Company has also posted a slide deck with audio commentary summarizing the financial results. All materials are available on Dealnet's corporate website at www.dealnetcapital.com.

Impact of COVID-19

Subsequent to December 31, 2019, the COVID-19 outbreak was declared a pandemic by the World Health Organization. The situation is dynamic with various cities and countries around the world responding in different ways to address the outbreak. There are meaningful direct and indirect effects developing and the Company will continue to monitor the impact of the outbreak on its business. The Company’s future cash flows, operating results and financial position may be materially affected as a result of this outbreak.