Chicago Atlantic Bdc, Inc. · NASDAQ:LIEN
Chicago Atlantic Bdc — Silver Spike Investment — Q1 2023 Earnings Presentation
10 slides from Chicago Atlantic Bdc's earnings presentation, May 12, 2023
Slide 1: First Quarter 2023 Earnings Presentation
First Quarter 2023 Earnings Presentation May 12, 2023
Slide 2: Disclaimers and Forward-Looking Statements
2 SILVER SPIKE INVESTMENT CORP. ©2022 All Rights Reserved DISCLAIMERS AND FORWARD - LOOKING STATEMENTS The information contained in this presentation should be viewed in conjunction with the earnings conference call of Silver Sp ike Investment Corp. (“SSIC” or the “Company”) (NASDAQ: SSIC) held on M
Slide 3: First Quarter 2023 Financial Highlights
3 SILVER SPIKE INVESTMENT CORP. ©2022 All Rights Reserved First Quarter 2023 Financial Highlights Q UARTER E NDED 3/31/23 Q UARTER E NDED 12/31/22 G ROSS I NVESTMENT I NCOME $2.5 million $2.0 million E XPENSES $1.1 million $0.6 million N ET I NVESTMENT I NCOME $1.4 million $1.4 million N ET I NVESTM
Slide 4: Experienced Management Team
4 SILVER SPIKE INVESTMENT CORP. ©2022 All Rights Reserved Experienced Management Team 35 - year investment career in global special situations, distressed, and emerging markets Holds board positions at Papa & Barkley and WM Holding Company, LLC (“Weedmaps”) Early entrepreneur and investor in c
Slide 5: Competitive Advantages
5 SILVER SPIKE INVESTMENT CORP. ©2022 All Rights Reserved Competitive Advantages M ANAGEMENT T EAM FIRST mover in the cannabis BDC landscape — currently the only public BDC focused on direct - lending to the cannabis sector BDCs are direct lending vehicles that are more flexible than REITS: De
Slide 6: Why Now? Market Opportunity
6 SILVER SPIKE INVESTMENT CORP. ©2022 All Rights Reserved 1. MJBiz Marijuana Factbook 2023 2. Statista; total 2022 revenue as of January 2023 3. Morningstar LSTA US Leveraged Loan Index, Yiel d to Maturity as of 3/31/23. 4. ICE BoA US High Yield Index Effective Yield as of 3/31/23. 5. Low and high y
Slide 7: Loan Sourcing and Origination
7 SILVER SPIKE INVESTMENT CORP. ©2022 All Rights Reserved LOAN SOURCING AND ORIGINATION INITIAL CREDIT REVIEW INITIAL INVESTMENT COMMITTEE MEETING EXECUTE INDICATIVE TERM SHEET CONDUCT DETAILED DUE DILIGENCE FINAL INVESTMENT COMMITTEE MEETING BRING - DOWN DILIGENCE AND CLOSING CREDIT MONITORING & PO
Slide 8: Highlights of Silver Spike's Sourcing & Origination Funnel
8 SILVER SPIKE INVESTMENT CORP. ©2022 All Rights Reserved Highlights of Silver Spike’s Sourcing & Origination Funnel Our preference is to directly originate deals via our networks. Direct deal sourcing is enhanced by cannabis operating experience and visibility from Silver Spike management’s publicl
Slide 9: SSIC Portfolio Summary (as of 5/5/2023)
9 SILVER SPIKE INVESTMENT CORP. ©2022 All Rights Reserved SSIC Portfolio Summary (as of 5/5/2023) P ORTFOLIO C OMPANY I NVESTMENT D ATE M ATURITY D ATE I NTEREST R ATE I NVESTMENT V ALUE 2 % OF N ET A SSETS I NVESTED 3 Company A 5/26/2022 5/26/2026 Prime Rate + 8.50% (4.00% Prime Floor) $20.57mm 23.
Slide 10: Contact: Bill Healy – Partner
CONTACT: B ILL H EALY – P ARTNER BILL @ SILVERSPIKECAP . COM SSIC . SILVERSPIKECAP . COM
Silver Spike Investment — Q1 2023 Earnings Presentation on 6ix