Main Street Capital Investor Day Presentation Deck
LMM Investment Opportunity
MAIN targets LMM
investments in
established, profitable
companies
Characteristics of LMM
provide beneficial risk-
reward investment
opportunities
Large and critical portion of U.S. economy
195,000+ domestic LMM businesses (1)
●
MAINST
LMM is under-served from a capital perspective and less
competitive
●
CAPITAL CORPORATION
Inefficient asset class generates pricing inefficiencies
• Typical entry enterprise values between 4.5X-6.5X EBITDA
●
Typical entry leverage multiples between 2.0X-4.0X EBITDA to
MAIN debt investment
Partner relationship with the management teams of our
portfolio companies vs. a "commoditized vendor of capital"
NYSE: MAIN
(1) Source: U.S. Census 2017 - U.S. Data Table by Enterprise Receipt Size; 2017 County Business Patterns and 2017 Economic Census; includes Number of Firms with
Enterprise Receipt Size between $10,000,000 and $99,999,999
Main Street Capital Corporation
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