New Mountain Finance Corporation · NASDAQ:NMFC
New Mountain Finance — Corporate Update (June 2020)
7 slides from New Mountain Finance's corporate update, Jun 24, 2020
Slide 1: June 2020 Update
June 2020 Update June 24, 2020
Slide 2: Important Notices and Safe Harbor Statement
Important Notices and Safe Harbor Statement This presentation contains forward looking statements, which are not guarantees of future performance, conditions or results, and involve substantial risks and uncertainties, including the impact of COVID-19 and related changes in base interest rates and s
Slide 3: Key Highlights
Key Highlights ▪ In light of ongoing market volatility and the evolving impact of COVID-19, NMFC’s management team would like to provide an interim update on credit performance, leverage, liquidity, and projected earnings ▪ We believe our portfolio continues to be well positioned as a result of our
Slide 4: Projected Leverage Migration
Projected Leverage Migration ($ in millions) 3/31/20 6/30/20 (Projected) Statutory Debt: $1,682.5 Statutory Debt: $1,450.3 ($232.2) debt paydown primarily from asset sales / repayments NAV: $1,078.2 ÷ NAV: $1,078.2 ÷ $-Holding mark-to-market flat 4 1 Statutory debt / equity calculation excludes SBA-
Slide 5: Post-Q1 2020 Sales / Repayments
Post-Q1 2020 Sales / Repayments(1) (4/1/20 through 6/22/20) ($ in millions) Date(2) Weighted Average Price Name Activity Proceeds Type of Investment Total / Weighted Average $255.0 98.07 1 Sale / repayment activity over $5.0m shown, activity less than $5.0m included in “Other”; repayments and sales
Slide 6: Impact of Mark-to-Market Recovery on Leverage
Impact of Mark-to-Market Recovery on Leverage 1.31x 1.35x 6/30/20 Projected Leverage Ratio Assuming No Fair Value Change from 3/31/20 1% Increase in FMV 2% Increase in FMV 3% Increase in FMV 4% Increase in FMV Total Impact 6 (0.03) 1.28x (0.03) 1.25x (0.03) 1.22x (0.03) 1.22x Each 1% increase in por
Slide 7: New Mountain Finance Corporation
NEW MOUNTAINFINANCE CoRPORATION