Main Street Investor Presentation
LMM Investment Portfolio
MAINST
CAPITAL CORPORATION
LMM Investment Portfolio
is a pool of high quality,
seasoned assets with
attractive risk-adjusted
return characteristics
Median LMM portfolio credit statistics:
Senior leverage of 2.7x EBITDA through MAIN debt position
2.8x EBITDA to senior interest coverage
• Total leverage of 3.0x EBITDA including debt junior in priority to
MAIN
• Free cash flow de-leveraging improves credit metrics and
increases equity appreciation
Average investment size of $17.2 million at fair value or $15.0
million on a cost basis (less than 1% of total investment
portfolio)
Opportunistic, selective posture toward new investment activity
over the economic cycle
High quality, seasoned LMM portfolio
Total LMM portfolio investments at fair value equals 115% of cost
Equity component of LMM portfolio at fair value equals 158% of
cost
Significant portion of LMM portfolio has de-leveraged and a
majority of the LMM portfolio investments have experienced
equity appreciation
Main Street Capital Corporation
NYSE: MAIN
mainstcapital.com
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