Netstreit IPO Presentation Deck slide image

Netstreit IPO Presentation Deck

5 Balance Sheet Strategy The Company intends to maintain a conservative balance sheet strategy, enabling it to be well-positioned for sustainable growth Balance Sheet Characteristics $250 million unsecured revolving credit facility due December 2023 ■ Interest Rate: L + 1.25% * Pre-IPO projected outstanding balance of $36.9 million $175 million unsecured term loan due December 2024 ▪ Interest Rate: L + 1.20% No upcoming debt maturities until 2024 Peer Metrics Comparison¹ Net Debt / EBITDA MAGHEMBALITY CORPORATION NETSTREIT MAINE PUPOIS NETSTREIT target long-term leverage level of 4.5x - 5.5x aligns with peer set PATIONAL RETAIL PROPLE LY IG/Defensive Peers Other Peers 5.0x | NETSTREIT Proceeds from the IPO will be used to pay down revolver; a substantial majority of remaining proceeds, together with existing credit capacity, provide ample liquidity to fund acquisition pipeline HEALTY STORE 5.7x #FCPT 5.7x SPIRIT HUA Sour Public, 1. ParNo Debe/ERITOA represent run-rate matice of 01 2000 ADC, FCPT and SRC, which are of 02, and do not contemplaris capital na see sube equant to quarter and, NETSTREIT ou represents point at target long-termNet Debt! EBITDA Inval of 4 5x – 15.5x ADC sted a pro forma net debt resuming EBITOA of 15x at the end of 02 2020, which in pro form for the salomont of the Company's April 2020 Forward Oraning and ATM Forward Offerings 27
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