Slide 1: Full Year 2015 Earnings Presentation
Full Year 2015 Earnings Presentation
Slide 2: Forward Looking / Non-GAAP Information
Forward Looking / Non-GAAP Information This presentation includes forward-looking statements. The matters discussed in this presentation, as well as in future oral and written statements by management of KCAP Financial, Inc., that are forward-looking statements are based on current management expect
Slide 3: Full Year 2015 Highlights
Full Year 2015 Highlights Net Investment Income of $0.65 per basic share for 2015 and $0.59 for 2014 Components of Taxable Distributable Income of $0.63 per basic share for 2015 and $0.78 for 2014 Distributable Resources Cash distributed by Asset Manager Affiliates in excess of their taxable e
Slide 4: Originations and Repayments
Originations and Repayments Invested $75 million in new originations during 2015 Funded out of repayments and asset sales Comparable yield to the assets they replaced Weighted average yield on our debt securities portfolio was 7.4% in 2015, up from 7.3% in 2014 Opportunities still exist to
Slide 5: Components of Distributable Resources
Components of distributable RESOURCES Delivering balanced sources of distributable cash flow Year-ended Shareholder Distributions per share 2015¹ 2014¹ $ in millions Distribution Resources $60.0 Net investment income $ 0.65 0.59 Tax Accounting Difference on CLO Equity (0.03) 0.18 $56.0 AMA Cash in E
Slide 6: Portfolio Highlights
PORTFOLIO HIGHLIGHTS PORTFOLIO DEBT SECURITIES - INDUSTRY DIVERSIFICATION Healthcare & Pharmaceuticals 11% Related Party Loan 19% Services: Business 2% Consumer goods: Non-durable 2% Transportation: Cargo 2% Beverage, Food and Tobacco 3% Environmental Industries Consumer goods: Durable 3% 8% Telecom
Slide 7: Strong Credit Quality
Strong Credit Quality In a portfolio of debt securities, only one was on non-accrual status (representing less than 1% of total investments at fair value) International Architecture was originated in 2007 and remains the only loan on non-accrual status in the portfolio The credit quality of ou
Slide 8: Financial Highlights
Financial Highlights NET ASSET VALUE INVESTMENT PORTFOLIO NAV per December 31, 2015 Cost Fair Value December 31, 2015 Fair Value Share Money Market Accounts $ 2,129,381 $ 2,129,381 Investments at Fair Value Senior Secured Loan 203,819,074 194,123,223 Investments in money markets $ 2,129,381 $ 0.06 J