Main Street Capital Investor Day Presentation Deck
MAIN'S 5 Year Plan is the
result of our annual
strategic planning process
between MAIN's executive
management team and
MAIN's Board of Directors
5 Year Strategic Overview - Investment Activity & Portfolio Growth
Primary focus remains on
growing our Lower Middle
Market Portfolio
Main Street Capital Corporation
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Continue to execute on MAIN's differentiated Lower Middle
Market (LMM) strategy
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MAIN ST
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CAPITAL CORPORATION
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Continue to focus on growth of LMM investments
LMM investments targeted to constitute greater than 50% of total investment
portfolio (approximately 51% at March 31, 2023 at fair value)
Continue to make meaningful equity investments in LMM companies (20% to
30% of capital invested in each new investment)
Continued focus on opportunities to invest in existing portfolio companies
(acquisitions and organic expansion) as part of value creation plans
Maintain long-term to permanent holding period (developing "own forever
companies"), resulting in a more diverse and higher quality investment
portfolio
Benefit from increased dividend income and NAV per share appreciation
(from unrealized equity appreciation) as equity investments mature
Continue to opportunistically recycle capital currently invested in specific
companies where the existing investments and/or portfolio companies are
not delivering on MAIN's key long-term value drivers
Investments with limited dividend income on equity investments
Investments with lack of visible opportunity for future equity value
appreciation
- Smaller legacy investments requiring disproportionate MAIN resources
Increase LMM market penetration - significantly increase number of LMM
investment professionals and investment teams, with total number of MAIN
employees of approximately 150 by end of 2027
NYSE: MAIN
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