Main Street Capital Investor Day Presentation Deck
Middle Market Strategy - Current Portfolio
Strategy(1).(2)
Security Type(1).(2)
Syndicated
93.3%
a a
Other
0.9%
Total Middle Market Portfolio: Average Net Leverage / Average & Median Adjusted EBITDA
($ in millions)
3.62x
$92.3
$64.7
FY 2018
Club
6.7%
3.75x
$84.3
$63.1
FY 2019
1st Lien
93.0%
3.83x
$77.6
$60.3
FY 2020
$74.2
Equity
3.92x
6.1%
NYSE: MAIN
$51.1
FY 2021
Portfolio Company Ownership (1), (2)
Private Equity
Sponsor (3)
85.0%
4.65x
$85.7
MAIN ST
$47.1
CAPITAL CORPORATION
FY 2022
Non
Sponsored (4)
15.0%
4.52x
$87.2
$47.3
Q1 2023
Avg. EBITDA
Median EBITDA
Net Leverage
(1) Current middle Market portfolio closed by Main Street's Private Credit group and held in MAIN's investment portfolio as of March 31, 2023
(2) Percentages calculated based on cost as of March 31, 2023
(3) Private Equity Sponsor includes (a) traditional private equity funds managed by a private equity firm and (b) family office or other institutional investors with an investment history and capabilities consistent
with a private equity sponsor
(4) Owned by an individual(s) or any entity other than a Private Equity Sponsor
Main Street Capital Corporation
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