Main Street Capital Fixed Income Presentation Deck
Key Credit Highlights
Experienced Management Team
with Strong Track Record
Efficient and Leverageable
Internally Managed
Operating Structure
Conservative Leverage
Unique Investment Strategy
High Quality Portfolio
Main Street Capital Corporation
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Management team has over 100 years of collective investment experience and
relationships
MAIN ST
CAPITAL CORPORATION
Long-term working relationships together dating back over 20 years
Significant management equity ownership
Meaningful operating cost advantage through efficient internally managed structure
Significant benefits through alignment of interests between management (stock
ownership and incentive compensation) and investors
Industry leading operating expense efficiency
1940 Act requires MAIN to maintain a minimum 1.5x regulatory asset coverage ratio
MAIN's asset coverage ratio is ~2.3x on a regulatory basis excluding SBIC
Debentures; -2.2x on a consolidated basis including SBIC debentures
Conservative leverage position further enhanced
raises through at-the-market, or ATM, equity issuance program
ongoing efficient capital
Unique investment strategy differentiates MAIN from its competitors and provides
highly attractive risk-adjusted returns
Asset management advisory business significantly enhances MAIN's returns to its
investors
NYSE: MAIN
Significant diversification
Debt investments primarily carry a first priority lien on the assets of the business
Permanent capital structure of BDC allows for long-term, patient investment strategy
and overall approach
mainstcapital.com
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