Investcorp Credit Management Bdc, Inc. · NASDAQ:ICMB
Investcorp Credit Management Bdc — CM Finance — Investor Presentation (December 2017)
10 slides from Investcorp Credit Management Bdc's investor presentation, Dec 31, 2017
Slide 1: CM Finance Inc – CM Investment Partners LLC
CM Finance Inc CM Investment Partners LLC As of December 31, 2017 www.cmfn-inc.com 1
Slide 2: Forward-looking Statements and Disclosures
Forward-looking Statements and Disclosures Statements included in this presentation may contain “forward-looking statements,” which relate to future performance or financial condition of CM Finance Inc (the “CMFN”). Forward-looking statements are based on estimates, projections, beliefs and assumpti
Slide 3: Executive Summary
Executive Summary CM Investment Partners LLC’s (“CMIP”) and CMFN’s strategic partnerships with Cyrus Capital Partners, L.P. (“Cyrus”) and Stifel Venture Corp. (“Stifel”), a wholly owned subsidiary of Stifel CYRUS AND Financial Corp., provide differentiated sourcing and execution capabilities STIFE
Slide 4: Experienced Credit Platform with Strategic Partnerships
Experienced Credit Platform with Strategic Partnerships STRATEGIC PARTNERSHIPS Cyrus Capital Partners Stifel Financial Corp. Multi-billion dollar distressed/special situations hedge Leading brokerage and investment banking firm fund firm with 17+ year track record principally focused on the U.S.
Slide 5: CMIP Investment Team
CMIP Investment Team DEDICATED FIRM LEADERSHIP Michael Mauer Christopher Jansen Managing Partner, Co-Founder and Co-CIO Co-Founder and Co-CIO Cyrus Capital Partners – Senior Managing Director, Head of Cyrus Capital Partners – Senior Managing Director Leveraged Loans Sound Harbor Partners – Sen
Slide 6: Investment Criteria
CM Finance Inc – Investment Criteria Use of Proceeds Borrower Focus Organic Growth Established companies with a history of positive operating cash flow Acquisitions Defensible and sustainable business Seasoned management team with meaningful equity Market / Product Expansion ownership
Slide 7: Overview
CM Finance Inc – Overview Issuer CM Finance Inc (NASDAQ: CMFN) Investment Manager CM Investment Partners LLC (“CMIP”) Formation Formed as CM Finance LLC in 2012; IPO in February 2014 Market Capitalization (as of December 31, 2017) $111.6 million Investment Portfolio (1) (as of December 31, 2017) $ 2
Slide 8: Diversified Portfolio as of December 31, 2017 (at fair value)
CM Finance Inc – Portfolio as of December 31, 2017 (at fair value) Senior secured investments are central to the debt portfolio composition 1st lien and 2nd lien were 50.1% and 44.9%, respectively, of the portfolio at fair value Geographical diversification across every region of the United St
Slide 9: Portfolio as of December 31, 2017 – Quarterly Highlights
CM Finance Inc – Portfolio as of December 31, 2017 Quarterly Highlights The weighted average yield on debt investments, at cost, decreased to 10.25% from 10.67% as of September 30, 2017 CMFN made investments in two new portfolio companies and two existing portfolio companies during the quarter w
Slide 10: Selected Financial Highlights
CM Finance Inc Selected Financial Highlights Quarter Ended Quarter Ended Quarter Ended Quarter Ended March 31, 2017 June 30, 2017 September 30, 2017 December 31, 2017 Investment Portfolio at Fair Value $ 268,692,799 $ 254,907,171 $ 271,862,946 $ 286,531,168 Debt at Cost $ 116,332,649 $ 102,000,000 $