Cion Investment Corporation · NYSE:CION
Cion Investment — Q4 2024 Earnings Presentation
15 slides from Cion Investment's earnings presentation, Mar 13, 2025
Slide 1: CION Investment Corporation Fourth Quarter 2024 Earnings Presentation
CION Investment Corporation Fourth Quarter 2024 Earnings Presentation
Slide 2: Disclosures and Forward-Looking Statements
Disclosures and Forward - Looking Statements 2 The information contained in this earnings presentation should be viewed in conjunction with the earnings conference call of CION Investment Corporation (NYSE : CION) (“CION” or the “Company”) held on Thursday, March 13 , 2025 as well as the Company’s A
Slide 3: Fourth Quarter and Other Highlights – Ended December 31, 2024
3 1. The discussion of the investment portfolio excludes short term investments. Fourth Quarter and Other Highlights – Ended December 31, 2024 • Net investment income and earnings per share for the quarter ended December 31 , 2024 were $ 0 . 35 per share and $ 0 . 10 per share, respectively ; • Net
Slide 4: Selected Financial Highlights
4 Selected Financial Highlights 1. The discussion of the investment portfolio excludes short term investments. 2. Total debt outstanding excludes netting of debt issuance costs. Please refer to page 11 for debt net of issuance costs. 3. Includes supplemental distributions of $ 0 . 05 per share durin
Slide 5: Investment Activity
Investment Activity • New investment commitments for the quarter were $106 million, of which $100 million were funded and $6 million were unfunded. • New investment commitments were made across 5 new and 15 existing portfolio companies. • Fundings of previously unfunded commitments for the quarter w
Slide 6: Portfolio Asset Composition
6 Portfolio Asset Composition * Less than 1%. The discussion of the investment portfolio is at fair value and excludes short term investments. 100% 96% 93% 7% 99% 1% 84% 13% 0%* 0%* 0%* 0%* 0%* 0%* 1% 85% 2% 14% 86% 13% 1% 84% 1% 14% 15% 1% 1% 93% 7% 85% 0%* 0%* 0%* 2% 2%
Slide 7: Internal Investment Risk Ratings
7 INTERNAL INVESTMENT RISK RATINGS (1) (% of Total Portfolio, Fair Value) Q4 2024 NON - ACCRUAL % (1) Higher Credit Quality Lower Credit Quality Credit Quality of Investments 1. The discussion of the investment portfolio excludes short term investments. * - Less than 1%. Q4 2023 Q1 2024 Q2 2024 Q3 2
Slide 8: Portfolio Summary
PORTFOLIO BY SECURITY TYPE (4) PORTFOLIO BY INTEREST RATE TYPE (4) Portfolio Summary 8 ( 1 ) See endnote 4 in our press release filed with the SEC on March 13 , 2025 . ( 2 ) See endnote 5 in our press release filed with the SEC on March 13 , 2025 . ( 3 ) See endnote 6 in our press release filed with
Slide 9: Quarterly Operating Results
Quarterly Operating Results 9 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 All figures in thousands, except share and per share data Investment income $ 56,403 $ 69,654 $ 53,863 $ 53,390 $ 51,364 Interest income (1) 128 27 5,152 434 653 Dividend income 3,468 3,873 2,342 5,803 5,877 Fee income $ 59,999 $
Slide 10: Quarterly Balance Sheet
Quarterly Balance Sheet 10 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 All figures in thousands, except per share data and asset coverage ratio Assets $ 1,954,270 $ 1,870,837 $ 1,906,125 $ 1,806,229 $ 1,888,688 Investments, at fair value 8,415 48,482 9,798 29,765 7,670 Cash 36,724 36,366 40,841 49,446 4
Slide 11: Q4 2024 Net Asset Value Bridge Per Share Data
11 Q4 2024 Net Asset Value Bridge Per Share Data
Slide 12: 2024 Net Asset Value Bridge Per Share Data
12 2024 Net Asset Value Bridge Per Share Data
Slide 13: Debt Summary
13 Maturity Date Interest Rate Principal Amount Outstanding Total Commitment Amount 6/15/2027 S + 2.55% (2) $325 $406 JPM Credit Facility 12/30/2029 7.50% 173 173 Unsecured Notes, 2029 (1) 1/15/2025 S + 3.20% 100 150 UBS Facility 2/11/2026 4.50% 125 125 Unsecured Notes, 2026 (1) 8/31/2026 S + 3.82%
Slide 14: Distribution Per Share and Distribution Coverage
14 Distribution Per Share and Distribution Coverage 1 1. Includes special year - end and/or supplemental distributions of $0.05, $0.20, $0.05 and $0.05 per share during Q3 2023, Q4 2023, Q2 2024 and Q4 2024, respectively. Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 $0.35 $0.40 $0
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