Nuveen Churchill Direct Lending Corp. · NYSE:NCDL
Nuveen Churchill Direct Lending — Nuveen Churchill BDC — Q1 2020 Earnings Presentation
10 slides from Nuveen Churchill Direct Lending's earnings presentation, May 19, 2020
Slide 1: Nuveen Churchill BDC Inc. Investor Presentation Quarter Ended March 31, 2020
Nuveen Churchill BDC Inc. Investor Presentation Quarter Ended March 31, 2020 May 19, 2020
Slide 2: Disclaimer
Disclaimer This presentation is for informational purposes only. It does not convey an offer of any type and is not intended to be, and should not be construed as, an offer to sell, or the solicitation of an offer to buy, any securities of Nuveen Churchill BDC Inc. (the “Company,” “we,” “us” or “our
Slide 3: Key highlights
Key highlights • Nuveen Churchill BDC Inc. is a closed-end, externally managed, non-diversified management investment company that has elected to be Company regulated as a business development company under the Investment Company Act of 1940, as amended. Overview • Total current equity commitments o
Slide 4: Portfolio overview
Portfolio overview Investment portfolio composition by industry and investment type as of March 31, 2020 Moody’s industry diversification Portfolio composition by investment type* ◼ High Tech Industries 25.7% ◼ First Lien Term Loan (including DDTLs)** Banking, Finance, Insurance, ◼ 10.1% Real Estate
Slide 5: Capital activity
Capital activity as of March 31, 2020 Capital summary Financing Facility summary Equity Commitments* $289.2* million Lender Wells Fargo Bank, N.A. Total Financing Facility** $175.0 million Financing Facility Amount $175 million Total Committed Capital $464.2 million Stated Maturity Date October 28,
Slide 6: Credit quality of investments
Credit quality of investments Investment portfolio has a weighted average risk rating of 4.2 on Churchill’s internal risk rating scale (4.0 being the initial rating assigned to investments at origination); nearly 93% of portfolio investments are rated 5 or better Portfolio risk ratings ($ millions)
Slide 7: Share issuance and distribution activity
Share issuance and distribution activity As of May 7, 2020, the Company has 4,380,112 shares outstanding Share issuance Issuance Date Share Issuance Aggregate Offering Price Issuance Price per Share May 7, 2020 1,069,522 $20,000,000 $18.70 December 31, 2019 3,310,540* $66,210,800 $20.00 December 19,
Slide 8: Investment portfolio
Investment portfolio as of March 31, 2020 Portfolio has a weighted average spread of 4.80% and weighted average yield of 6.34% at fair value*** Interest Investment Moody’s Industry Type Par Amount* Amortized Cost Fair Value Spread Rate** MAG DS Corp Aerospace & Defense First Lien TL $4.0 $3.9 $4.0 4
Slide 9: Investment portfolio (cont.)
Investment portfolio as of March 31, 2020 (cont.) Investment Moody’s Industry Type Par Amount* Amortized Cost Fair Value Spread Interest Rate** Brillio LLC High Tech Industries First Lien TL $3.0 $3.0 $3.0 4.75% 5.75% Brillio LLC (Delayed Draw) High Tech Industries First Lien DDTL $1.0 $0.5 $0.5 4.7
Slide 10: Contact us
Contact us Investor Relations NCBDCInvestorRelations@churchillam.com SEC filings www.churchillam.com/nuveen-churchill-bdc/ Nuveen Churchill BDC Inc. 10