Main Street Capital Investor Day Presentation Deck
LMM Portfolio by Vintage
MAIN'S LMM has a well seasoned LMM
portfolio (1):
I
■
■
Over time, our LMM portfolio companies
typically deleverage with free cash flow
from operations, which provides
opportunities to:
Make dividends/distributions
■
46 LMM portfolio companies (58% (²) of
LMM portfolio) invested for over 5 years
■
19 LMM portfolio companies (24% (2) of
LMM portfolio) invested for over 10 years
Re-invest in growth strategies; organic or
through acquisitions
Buyout aging equity partners (potentially
increasing our equity ownership)
$ in millions
$ in millions
$350
$300
$250
$200
$150
$100
$50
$0
$1,000
$900
$800
$700
$600
$500
$400
$300
$200
$100
$0
8
Cumulative Investments by Investment Date (1)(3)
> 5-6 yrs
19
10
9
I I
> 6-8 yrs
FV $
> 10 yrs
28
> 8 yrs
> 8-10 yrs
FV%
Cumulative Investments by Investment Date (1)(3)
46
FV $
39
MAIN ST
> 6 yrs
CAPITAL CORPORATION
FV %
19
> 10 yrs
> 5 yrs
16%
14%
12%
10%
8%
6%
4%
2%
0%
50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
% of Total LMM Investments at FV
mainstcapital.com
% of Total LMM Investments at FV
(1) Aging as of June 19, 2023; fair value as of March 31, 2023; based upon original investment date in each portfolio company and including the value of all investments in each portfolio company in any period
(2) Based on number of LMM portfolio companies as of March 31, 2023
(3) Numbers at the top of bars for each year in charts represent the number of portfolio investments based on the date of MAIN's initial investment in each portfolio company
Main Street Capital Corporation
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