Slide 1: Investor Presentation
Investor Presentation March 8, 2023
Slide 2: Disclaimer
Disclaimer Forward-looking statements and other information This presentation contains forward-looking statements about the Company. These forward-looking statements reflect our current views with respect to, among other things, future events and our financial performance. These statements are often
Slide 3: Our Key Leadership Team
Our Key Leadership Team David Lorber Ellida McMillan Chairman, Chief Executive Officer Chief Financial Officer Leadership Experience: Leadership Experience: Chairman and Chief Executive Officer of PhenixFIN Corporation Chief Financial Officer of PhenixFIN Co-Founder of FrontFour Capital Group
Slide 4: Who We Are
Who We Are Nasdaq symbol “PFX” Publicly Traded Business 5.25% Notes due 2028 listed on NASDAQ under the symbol “PFXNZ” Development Company 3-year $50 million credit facility with Woodforest as lead arranger (SOFR + 2.90%) Management professionals with 80+ years of collective industry experie
Slide 5: Strategic Roadmap
Strategic Roadmap Key Objectives Status 1 Grow net investment income through enhancing current yield within the portfolio Reposition (January 2021 - Invest across the capital structure in private and public investment opportunities Investment Portfolio Ongoing) Grow net asset value per share 2
Slide 6: Value Drivers
Value Drivers Focus On Driving Shareholder Value Portfolio Optimize Tax Assets Optimize value of existing portfolio positions Significant potential value to be unlocked Focus on NII and NAV/share appreciation through the optimization of ~$485 million total $183mm FMV current Investments capi
Slide 7: Portfolio Management
Portfolio Management Verticals Driving Shareholder Value Credit & Equity Investments Investment Platform Lower Middle Market Loans with Opportunistic Equity Investments FlexFIN Strategy Gemstone and Jewelry Finance Broadly Syndicated Loans Senior Secured Loans Investment Type Asset-Based Loans Secur
Slide 8: Credit and Equity Vertical
Credit and Equity Vertical Approach to Credit and Equity Investments Credit Equity Directly originated senior secured, floating rate Co-investments through directly originated loans credits Portfolio Makeup Broadly syndicated first lien loans with underlying Investments in directly originate
Slide 9: Investment Platform Vertical
Investment Platform Vertical Approach to Investment Platforms Launch Complementary Investment Platforms Over Time FlexFIN, LLC – launched August 2021 FlexFIN is an alternative finance platform which operates an asset-based lending business to the diamond and jewelry industry. FlexFIN enters secured
Slide 10: Favorable Cost Structure and Strong Corporate Governance
Favorable Cost Structure and Strong Corporate Governance Efficient internalized management structure Internalized Management and shareholders’ interests inherently aligned due to favorable insider ownership of Management Company shares Structure Management team, including investment profession
Slide 11: Attractive Financial and Liquidity Position
Attractive Financial and Liquidity Position Summary Capitalization Table Commentary −1 Meaningful liquidity position provides balance sheet flexibility − Ability to quickly deploy into new investment opportunities 1 − Strong coverage relative to total unfunded commitments of $2.2 2 million − Opportu
Slide 12: Recent Quarter Investment Activity
Recent Quarter Investment Activity Summary of Key Portfolio Events Portfolio Summary Continued deployment into floating rate assets within both the lower middle market and the syndicated loan market Portfolio Activity New investment into Maritime Wireless Corp. – $12.4mm (SOFR + CSA + 9.0%) & $5
Slide 13: Portfolio Statistics – Fair Market Value
Portfolio Statistics – Fair Market Value Type of Industries Geographic Breakdown Business Services: 23% Banking, Finance, Insurance & Real $21.1 Estate: 19% $42.2 Hotel, Gaming & Leisure: 18% $7.5 $10.4 Consumer Services: 10% $17.4 Construction & Building:: 9% $35.0 Broadcasting & Subscription: 6% $
Slide 14: Financial Overview
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Slide 15: Recent Financial Highlights
Recent Financial Highlights Total Assets: $205.4 million Cash Balance: $17.6 million Balance Total Liabilities: $80.1 million Sheet NAV: $124.7 million NAV per common share: $59.38 Asset Coverage: 259.7% Total Investment Income: $4.7 million Income Total Expenses: $3.1 million Statem
Slide 16: Balance Sheet
Balance Sheet December 31, 2022 September 30, 2022 ($ as stated) (Unaudited) Assets: Investments at fair value Non-controlled, non-affiliated investments (amortized cost of $146,467,213 and $147,378,917, respectively) $ 123,227,670 $ 122,616,275 Affiliated investments (amortized cost of $29,987,947
Slide 17: Income Statement
Income Statement For the Three Months Ended December 31 ($ as stated) 2022 2021 Interest Income: Interest from investments Non-controlled, non-affiliated investments: Cash $ 1,916,041 $ 1,015,692 Payment in-kind 106,187 138,511 Affiliated investments: Cash 198,453 122,147 Payment in-kind 89,743 97,0
Slide 18: Corporate Information
Corporate Information Senior Management Research Coverage Website David Lorber Oppenheimer & Co. PhenixFIN Corporation Chairman & CEO Mitchel Penn www.phenixfc.com Ellida McMillan CFO Credit Facility Bank Provider Woodforest National Bank Independent Directors Advisors Arthur Ainsberg Corporate Coun