Suro Capital Corp. · NASDAQ:SSSS
Suro Capital — Sutter Rock Capital — Q1 2020 Earnings Presentation
9 slides from Suro Capital's earnings presentation, May 8, 2020
Slide 1: Q1 2020 Earnings Call
Q1 2020 Earnings Call May 8, 2020
Slide 2: Forward Looking Statements
2 Forward Looking Statements Statements included herein, including statements regarding Sutter Rock Capital's beliefs, expectations, intentions or strategies for the future, may constitute "forward - looking statements" . Sutter Rock Capital cautions you that forward - looking statements are not gua
Slide 3: Overview and Impact of COVID-19 Pandemic
Overview and Impact of COVID - 19 Pandemic 3 First Quarter 2020 Sutter Rock Capital’s Net Asset Value per share is $ 10 . 22 as of March 31 , 2020 At March 31 , 2020 , Sutter Rock Capital’s Net Asset Value is $ 10 . 22 per share, a decrease from $ 11 . 38 per share at December 31 , 2019 Net Asset Va
Slide 4: Top Positions as % of Total Investment Portfolio at Fair Value
Top 5 Positions = 69 % of Total Investment Portfolio at Fair Value Based on Total Investment P ortfolio Fair V alue of $159.9 million 4 First Quarter 2020 Fair Value ($ in millions) % of Investment Portfolio 1 $34.7 21.7% 2 $30.5 19.1% 3 $24.6 15.4% 4 $10.8 6.7% 5 $9.3 5.8% $110.0 68.7% • Sutter Roc
Slide 5: Portfolio Company COVID-19 & Business Updates
Portfolio Company COVID - 19 & Business Updates • In an April 2020 interview with Axios , Coursera CEO Jeff Maggioncalda highlighted how 1 . 6 billion students around the world have had their schools closed due to COVID - 19 . • With 56 million learners globally, partnerships with 165 of the world’s
Slide 6: Key Investment Themes as a Percentage of Total Investment Portfolio
44.6% 8.7% 19.1% 14.6% 12.6% Key Investment Themes As a Percentage of Total Investment Portfolio at Fair Value as of 3/31/20 First Quarter 2020 Note: Sustainability investment theme accounted for 0.4% of Total Investment Portfolio in the first quarter. 6 ($ in millions) (1) Sustainability investment
Slide 7: Investment Activity - Neutron Holdings, Inc. (d/b/a Lime)
7 Investment Activity - Neutron Holdings, Inc. (d/b/a Lime) First Quarter 2020 • Founded in 2017 and headquartered in San Francisco, Lime operates a scooter - sharing platform designed to create an efficient micro - mobility infrastructure in over 100 countries. Description • COVID - 19 is affecting
Slide 8: Financial Highlights for the Quarter Ended March 31, 2020
Dollars ($ in millions) Per Share Net Assets at Beginning of Period $199.9 $11.38 Net Investment Loss ($3.0) ($0.17) Net Realized Gain on Investments $7.0 $0.40 Net Change in Unrealized Appreciation/(Depreciation) of Investments ($27.7) ($1.59) Repurchase of Common Stock (1) ($3.7) $0.20 Net Assets
Slide 9: Share Repurchase Program
9 Share Repurchase Program First Quarter 2020 Since commencement of the Share Repurchase Program in August 2017, Sutter Rock Capital has repurchased approximately 20.1% of its then - outstanding shares (2) Period Shares Repurchased Cash Used ($ in millions) Allocation Remaining ($ in millions) 2017