Phenixfin Corporation · NASDAQ:PFX
Phenixfin — Medley Capital — Q2 FY2012 Earnings Presentation
10 slides from Phenixfin's earnings presentation, May 2012
Slide 1: Second Quarter Ended March 31, 2012 Investor Presentation
Second Quarter Ended March 31, 2012 Investor Presentation
Slide 2: Important Notice
Important Notice This presentation contains “forward looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, that are subject to risks and uncertainties. Actual outcomes and results could differ materially from those suggested by this presentation du
Slide 3: Financial & Portfolio Highlights
Financial & Portfolio Highlights Financial Highlights Q2-12 Q1-12 Q4-11 Q3-11 Q2-11 Net investment income per share $ 0.31 $ 0.28 $ 0.26 $ 0.21 $ 0.10 Net realized gains (losses) - - - - - Net unrealized gains (losses) 0.03 (0.03) (0.03) 0.02 - Net income per share 0.34 0.25 0.23 0.23 0.10 Net asset
Slide 4: Select Financial & Portfolio Information
Select Financial & Portfolio Information As of and for the Three Months Ended 3/31/2012 12/31/2011 9/30/2011 6/30/2011 3/31/2011 Net investment income per share - basic & diluted $ 0.31 $ 0.28 $ 0.26 $ 0.21 $ 0.10 Net realized and unrealized gains per share - basic & diluted 0.03 (0.03) (0.03) 0.02
Slide 5: Balance Sheet
Balance Sheet As of 3/31/2012 12/31/2011 9/30/2011 6/30/2011 3/31/2011 ASSETS (Unaudited) (Unaudited) (Audited) (Unaudited) (Unaudited) Investments at fair value Non-control/non-affiliate investments $ 260,364,140 $ 198,238,921 $ 153,385,565 $ 98,541,136 $ 59,273,023 Affiliate investments 45,894,031
Slide 6: Portfolio Summary as of March 31, 2012
Portfolio Summary as of March 31, 20121 Portfolio by Issuer Applied Natural Gas Fuels, Inc. Geneva Wood Fuels LLC Bennu Glass, Inc. Aurora Flight Sciences Corporation 6% 1% 5% Velum Global Credit Management LLC 2% 2% Allied Cash Holdings LLC 3% 3% Water Capital USA, Inc. BayDelta Maritime LLC 6% 5%
Slide 7: Performance Since IPO
Performance Since IPO Consistent quarterly dividend growth ($0.31 for quarter ending 3/31/12) Visibility for future dividend increases based upon available investment capacity and existing pipeline $125M revolving credit facility is now fully committed Received SBA Green Light Letter 14.5%
Slide 8: Performance Since IPO ($ millions)
Performance Since IPO Dividend Growth Portfolio Growth $350.0 $0.35 $0.30 $300.0 $0.25 $250.0 ($ millions) $0.20 $200.0 $0.15 $0.31 $150.0 306.3 $0.28 1 $0.25 248.7 $0.10 $0.21 $100.0 199.2 $0.16 144.7 $0.05 $50.0 105.4 84.8 $0.00 $0.0 3/31/11 6/60/11 9/30/11 12/31/11 3/31/12 IPO 3/31/11 6/60/11 9/3
Slide 9: Transaction & Backlog Summary
Transaction & Backlog Summary P i i Pricing 1 Deal Sector Security $Amount Fixed/Floating Tenor Yield Closed in Q2 FY11 Applied Natural Gas Fuels, Inc. Oil and Gas Senior - 1st lien $5.0 Fixed 3.0 years 13.9% Aurora Flight Sciences Corporation Aerospace & Defense Senior - 2nd lien 15.0 Fixed 3.0 yea
Slide 10: Corporate Information
Corporate Information Board of Directors Corporate Officers Research Coverage Corporate Counsel BROOK TAUBE BROOK TAUBE CITIGROUP GLOBAL MARKETS MORRISON & FOERSTER, LLP Chairman & Chief Executive Officer Chairman & Chief Executive Officer Donald Fandetti - (212)-816-2971 New York, NY ANDREW FENTRES