Main Street Capital Fixed Income Presentation Deck
MAIN Maintains a Significant Operating Cost Advantage
Operating Expenses (¹) as a Percentage of Total Assets
3.0%
2.5%
2.0%
1.5%
1.0%
0.5%
0.0%
MAIN (2)
MAIN Excl.
Non-cash
Comp Exp
(3)(4)
Other
BDCS
(4)(5)(6)
MAIN ST
CAPITAL CORPORATION
!!
Other BDCS
Excl.
Non-cash
Commercial
Banks (8)
Comp Exp
(4)(5)(7)
(1) Total expenses excluding interest expense
(2) Based upon the trailing twelve month period ended June 30, 2023
(3) Based upon the trailing twelve month period ended June 30, 2023, excluding non-cash compensation expenses
(4) See non-GAAP information disclosures on page 37 and calculation of non-cash compensation expenses on page 39 of this presentation
(5) Other BDCs includes dividend paying BDCs that have been publicly-traded for at least two years and have total assets greater than $500 million based on individual SEC Filings as of
December 31, 2022; specifically includes: ARCC, BBDC, BCSF, BKCC, CCAP, CGBD, CSWC, FDUS, FSK, GAIN, GBDC, GLAD, GSBD, HRZN, HTGC, MFIC, MRCC, NMFC, OCSL,
OFS, ORCC, PFLT, PNNT, PSEC, PTMN, SAR, SCM, SLRC, TCPC, TPVG, TSLX and WHF
(6) Calculation represents the average for the companies included in the group and is based upon the trailing twelve month period ended March 31, 2023 as derived from each company's
SEC filings, including non-cash compensation expenses
NYSE: MAIN
(7) Calculation represents the average for the companies included in the group and is based upon the trailing twelve month period ended March 31, 2023 as derived from each company's
SEC filings, excluding non-cash compensation expenses
(8) Source: SNL Financial; calculation represents the average for the trailing twelve month period ended March 31, 2023 and includes commercial banks with a market capitalization
between $500 million and $3 billion
Main Street Capital Corporation
mainstcapital.com
Page 17View entire presentation