Phenixfin Corporation · NASDAQ:PFX
Phenixfin — Investor Presentation (March 2023)
16 slides from Phenixfin's investor presentation, Mar 31, 2023
Slide 1: Investor Presentation
Investor Presentation March 31, 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: 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 4: 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 5: 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 $200mm FMV current Investments capi
Slide 6: Portfolio Management
Portfolio Management Verticals Driving Shareholder Value Credit & Equity Investments Investment Platform Lower Middle Market Loans with Opportunistic Equity Investments FlexFIN Strategy Gemstone and Jewelry Finance Broadly Syndicated Loans Senior Secured Loans Investment Type Asset-Based Loans Secur
Slide 7: Credit and Equity Vertical
Credit and Equity Vertical Approach to Credit and Equity Investments Credit Equity Directly originated senior secured, floating rate Co-investments through directly originated loans credits Portfolio Makeup Broadly syndicated first lien loans with underlying Investments in directly originate
Slide 8: Investment Platform Vertical
Investment Platform Vertical Approach to Investment Platforms Launch Complementary Investment Platforms Over Time FlexFIN, LLC – launched August 2021 FlexFIN is an alternative finance platform which operates an asset-based lending business to the diamond and jewelry industry. FlexFIN enters secured
Slide 9: Favorable Cost Structure and Strong Corporate Governance
Favorable Cost Structure and Strong Corporate Governance Efficient internalized management structure Internalized Management and shareholders’ interests inherently aligned due to favorable insider ownership of Management Company shares Structure Management team, including investment profession
Slide 10: Attractive Financial and Liquidity Position
Attractive Financial and Liquidity Position Summary Capitalization Table Commentary ($ in thousands) 3/31/2023 9/30/2022 −1 Meaningful liquidity position provides balance sheet flexibility Assets − Ability to quickly deploy into new investment opportunities 1 Cash $ 10,763 $ 22,768 − Strong coverage
Slide 11: Portfolio Statistics – Fair Market Value
Portfolio Statistics – Fair Market Value Type of Industries Geographic Breakdown Business Services: 22% $5.6 $5.2 Banking, Finance, Insurance & Real Estate: 18% $20.4 Northeast: 45% Hotel, Gaming & Leisure: 17% $9.4 $43.2 $18.9 $9.8 Southeast: 26% Consumer Services: 9% $12.1 West: 14% $28.9 $90.3 Co
Slide 12: Financial Overview
f th VO) WD) ie 40) (t 1 0 0\ 4) 28) Otel Og A! OO OT aaa 1 iN ig 9 vn > 104 o7 « i tole o 1 We ot gol nig ? oO 1g 0 Financial Overview PHENIXFIN
Slide 13: Recent Financial Highlights
Recent Financial Highlights Total Assets: $213.9 million Cash Balance: $10.7 million Balance Total Liabilities: $82.7 million Sheet NAV: $131.2 million NAV per common share: $62.80 Asset Coverage: 266.3% Total Investment Income: $9.6 million Income Total Expenses: $6.2 million Statem
Slide 14: Balance Sheet
Balance Sheet Mar 31, 2023 Sep 30, 2022 ($ as stated) Assets: Investments at fair value Non-controlled, non-affiliated investments (amortized cost of $150,946,951 and $147,378,917, respectively) $ 128,510,921 $ 122,616,275 Affiliated investments (amortized cost of $27,328,814 and $30,585,884, respec
Slide 15: Income Statement
Income Statement For the Three Months Ended Mar 31, For the Six Months Ended Mar 31, ($ as stated) 2023 2022 2023 2022 Interest Income: Interest from investments Non-controlled, non-affiliated investments: Cash $ 2,116,741 $ 1,264,327 $ 4,032,782 $ 2,280,019 Payment in-kind 119,593 100,062 225,780 2
Slide 16: 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