Main Street Capital Investor Day Presentation Deck
A Differentiated Approach
Focus on Lower Middle
Market debt and equity
investment strategy and
internally managed
operating structure
differentiates MAIN from
other investment firms
Attractive and growing
Asset Management
Business, primarily driven
by strong direct lending
capabilities, provides
further differentiation
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Primarily Invests in the under-served Lower Middle Market (LMM)
Targets companies with revenue between $10 million - $150 million;
EBITDA between $3 million - $20 million
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Equity investments are key component of LMM portfolio
Key contributor to our 112% growth (5.0% CAGR) in net asset value
(NAV) per share since 2007 through March 31, 2023
Generate dividend income and realized gains to support dividend
growth
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Internally-managed operating structure
Alignment of interests between MAIN management and
shareholders
Provides cost efficient model with significant operating leverage
Attractive asset management advisory business
Significant management ownership / investment in MAIN
Strong capitalization and liquidity position - stable, long-term
debt and significant available liquidity to take advantage of future
opportunities
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MAINST
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CAPITAL CORPORATION
(1) Includes cash and undrawn portion of debt capital as of May 31, 2023
Main Street Capital Corporation
Favorable opportunities in capital markets through investment
grade rating of BBB-/Stable from Standard & Poor's Global Ratings
and BBB-/Stable from Fitch Ratings
Total liquidity in excess of $670 million at May 31, 2023(¹)
NYSE: MAIN
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