NODUS A2UI · TREASURY / WORKING CAPITAL

Supplier Finance Program

ACTIVE

Meridian Corp. · National Commerce Bank · $180M facility · Dynamic discounting + SCF

FACILITY UTILIZATION

69.3%

$124.8M of $180M

ENROLLED SUPPLIERS

147

of 380 eligible

AVG DISCOUNT RATE

4.1%

Avg funding tenor 42d

YTD SAVINGS VS WACC

$0.42M

5.85% CoF vs 6.2% WACC

TIER BREAKDOWN

Tier 1 — Strategic

12 suppliers

OUTSTANDING

$68.2M

RATE

3.8%

AVG TERMS

90d

Tier 2 — Preferred

35 suppliers

OUTSTANDING

$38.4M

RATE

4.2%

AVG TERMS

60d

Tier 3 — Standard

100 suppliers

OUTSTANDING

$18.2M

RATE

4.9%

AVG TERMS

45d

MONTHLY UTILIZATION TREND

$M drawn on $180M facility — last 6 months

Oct

$94.2M

Nov

$98.8M

Dec

$105.4M

Jan

$112.1M

Feb

$118.6M

Mar

$124.8M

FACILITY CAPACITY

National Commerce Bank · $180M revolving

$124.8M / $180M

$55.2M available headroom

$069.3% utilized$180M

FACILITY SIZE

$180M

NCB revolving

COST OF FUNDS

5.85%

vs 6.2% WACC

WACC SAVINGS

35bps

YTD benefit

AVG FUNDING TENOR

42d

weighted avg

TOTAL OUTSTANDING

$124.8M

3 tiers

FACILITY$180M

UTILIZATION$124.8M (69.3%)

ENROLLED147 suppliers

AVG RATE4.1%

YTD SAVINGS$0.42M

PENDING EARLY$6.7M

nodus:supplier-financenodus:early-paynodus:dynamic-discountingnodus:supply-chain-finance

SUPPLIER FINANCE · TREASURY · A2UI v1.0