Main Street Capital Investor Day Presentation Deck
5 Year Strategic Overview - Continued Income Growth
Maintain growth in DNII per
share through investment
portfolio growth and
leverage of efficient cost
structure
Main Street Capital Corporation
MAIN ST
Continue to grow Total Investment Income primarily through
investment portfolio growth
CAPITAL CORPORATION
• Grow total investment income (at a minimum) in line with growth in total
investment portfolio
Supplement growth in Total Investment Income from
investment portfolio with growth in Net Investment Income
contribution from Asset Management Business (AMB)
• Grow assets under management and recurring base fee income
Continue receiving meaningful incentive fees
●
Continue to leverage efficient internally managed cost structure
to grow Distributable Net Investment Income (DNII) per share
Maintain industry leading operating cost structure with operating expenses,
excluding interest expense, as a percentage of total assets at or below
1.75%
Maintain efficiency ratio of less than 22.5%
The above ratios might increase slightly as growth of AMB is realized (since
AMB will not grow MAIN's assets), but AMB should be meaningfully
accretive to MAIN's DNII per share (no interest expense, investment capital
or proportionate significant personnel increases)
NYSE: MAIN
Maintain strong total investment income to DNII conversion (i.e. operating
margins) through efficient operating costs
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