Main Street Capital Investor Day Presentation Deck
MAIN Maintains a Significant Operating Cost Advantage
MAIN has the
lowest BDC
manager costs
relative to total
economic benefit
generated (4)
MAIN's actual
results equal
greater than one-
third more
efficient than the
Top Quartile of all
other BDCs
45.0%
40.0%
35.0%
30.0%
25.0%
20.0%
15.0%
10.0%
5.0%
MAIN
BDC Manager Costs Relative to Total Economic Benefit
Generated (1)(2)(3)(4)
Top
10%
Top
Quartile
Middle
Quartile
Average
MAINST
CAPITAL CORPORATION
Bottom
Quartile
(1) Source: Public company filings
(2) Calculated as compensation and management fees divided by [Net Increase in Net Assets (i.e., Net Income) plus compensation and management fees]
(3) Amounts represent the total for the most recent five trailing twelve month periods through December 31, 2022 for each respective company; for each applicable BDC not > 5 years
past IPO, the first full fiscal year-end post-IPO was used as the starting point for this analysis; see Appendix for details by BDC
(4) Comparison columns include all BDCs noted in footnote (3) excluding (a) MAIN and (b) a BDC that had a net decrease in net assets and which would significantly affect the Peer
Group comparisons; as an example, the Average would be 56.7% including the BDC with a net decrease in net assets; see Appendix for details
Main Street Capital Corporation
NYSE: MAIN
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