Main Street Capital Investor Day Presentation Deck
MAIN Maintains a Significant Operating Cost Advantage
Operating Expenses (1) as a Percentage of Total Assets
3.0%
2.5%
2.0%
1.5%
1.0%
0.5%
0.0%
MAIN (2)
MAIN Excl.
Non-cash
Comp Exp
(3)(4)
Other
BDCs (5)(6)
Other BDCS
Excl.
Non-cash
Comp xp
(5) (7)
MAINST
CAPITAL CORPORATION
Commercial
Banks (8)
(1) Total expenses excluding interest expense
(2) Based upon the trailing twelve month period ended March 31, 2023
(3) Based upon the trailing twelve month period ended March 31, 2023, excluding non-cash compensation expense
(4)
(5)
Other BDCs includes dividend paying BDCs that have been publicly-traded for at least two years and have total assets greater than $500 million based on individual SEC Filings
as of December 31, 2022; specifically includes: ARCC, BBDC, BCSF, BKCC, CCAP, CGBD, CSWC, FDUS, FSK, GAIN, GBDC, GLAD, GSBD, HRZN, HTGC, MFIC, MRCC,
NMFC, OCSL, OFS, ORCC, PFLT, PNNT, PSEC, PTMN, SAR, SCM, SLRC, TCPC, TPVG, TSLX and WHF
NYSE: MAIN
See Main Street Investor Presentation, available on the MAIN website, for calculation of non-cash compensation expenses (page 38) and Non-GAAP information disclosures
and discussion of DNII (page 48)
(6) Calculation represents the average for the companies included in the group and is based upon the trailing twelve month period ended December 31, 2022 as derived from each
company's SEC filings, including non-cash compensation expenses
(7) Calculation represents the average for the companies included in the group and is based upon the trailing twelve month period ended December 31, 2022 as derived from each
company's SEC filings, excluding non-cash compensation expenses
(8) Source: SNL Financial. Calculation represents the average for the trailing twelve month period ended December 31, 2022 and includes commercial banks with a market
capitalization between $500 million and $3 billion
Main Street Capital Corporation
mainstcapital.comView entire presentation