Phenixfin Corporation · NASDAQ:PFX
Phenixfin — Medley Capital — Q2 2014 Earnings Presentation
11 slides from Phenixfin's earnings presentation, May 2014
Slide 1: Investor Presentation Quarter Ended March 31, 2014
Investor Presentation Quarter Ended March 31, 2014
Slide 2: Important Notice
Important Notice This presentation contains “forward looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, that are subject to risks and uncertainties. Actual outcomes and results could differ materially from those suggested by this presentation du
Slide 3: Financial & Portfolio Highlights
Financial & Portfolio Highlights Financial Highlights Q2-14 Q1-14 Q4-13 Q3-13 Q2-13 Net investment income per share $ 0.38 $ 0.42 $ 0.41 $ 0.37 $ 0.36 Net realized gains (losses) $ - $ - $ - $ - $ 0.01 Net unrealized gains (losses) $ (0.09) $ (0.07) $ 0.02 $ (0.27) $ 0.03 Provision for taxes on unre
Slide 4: Select Financial & Portfolio Information
Select Financial & Portfolio Information As of and for the Three Months Ended (dollars in millions, except per share data) 3/31/2014 12/31/2013 9/30/2013 6/30/2013 3/31/2013 Net investment income per share - basic & diluted $ 0.38 $ 0.42 $ 0.41 $ 0.37 $ 0.36 Net realized and unrealized gains per sha
Slide 5: Balance Sheet
Balance Sheet (dollars in thousands, except per share data) 3/31/2014 12/31/2013 9/30/2013 6/30/2013 3/31/2013 ASSETS (Unaudited) (Unaudited) (Audited) (Unaudited) (Unaudited) Investments at fair value Non-control/non-affiliate investments $ 949,197 $ 809,125 $ 740,097 $ 677,351 $ 585,282 Affiliate
Slide 6: Portfolio by Issuer as of March 31, 2014
Portfolio by Issuer as of March 31, 2014 Top 20 Investments: 46% 3% Lexmark Carpet Mills, Inc. 3% 3% RCS Management Corporation & Specialized Medical Services, Inc 3% Water Capital USA, Inc. 3% U.S. Well Services, LLC 3% JD Norman Industries, Inc. ARBOC Specialty Vehicles LLC 2% Ingenio Acquisition
Slide 7: Portfolio Diversification as of March 31, 2014
Portfolio Diversification as of March 31, 2014 Industry Diversification Geographic Diversification Industry Percentage Region Percentage Oil and Gas 9.9% Midwest US 26.5% Buildings and Real Estate 8.7% Southeast US 20.0% Personal and Nondurable Consumer Products 6.7% Western US 19.5% Business Servic
Slide 8: Performance Overview
Performance Overview • Consistent quarterly dividend ($0.37 per share for quarter ending 3/31/14) • Diversified portfolio with weighted average loan-to-value of 56.3% through MCC’s debt • 13.5% portfolio yield as of 3/31/141 • FY Q2 2014 gross investment originations of $170.7 million • Completed 6.
Slide 9: Portfolio Growth
Portfolio Growth $1,200.0 $1,000.0 $959 $800.0 $819 $749 $686 $600.0 ($ millions) $594 $521 $400.0 $402 $363 $306 $249 $200.0 $199 $145 $105 $85 $0.0 Investments at Fair Value Page 9
Slide 10: Transaction & Backlog Summary
Transaction & Backlog Summary Deal Sector Security $Amount1 Fixed/Floating Tenor Yield2 Closed in Q2 FY14 Lighting Science Group Corporation (DD) Containers, Packaging and Glass Senior - 1st lien $5.0 Floating 1.9 years 13.0% Lighting Science Group Corporation Containers, Packaging and Glass Senior
Slide 11: Corporate Information
Corporate Information Board of Directors Corporate Officers Research Coverage Corporate Counsel BROOK TAUBE BROOK TAUBE BARCLAYS CAPITAL INC. SUTHERLAND ASBIL & BRENNAN LLP Chairman & Chief Executive Officer Chairman & Chief Executive Officer Mark C. DeVries – (212)-526-9484 Washington, DC SETH TAUB