RM Infrastructure Income PLC GBP · LSE:RMII
RM Infrastructure Income PLC GBP — RM Secured Direct Lending — Investor Day (September 2018)
16 slides from RM Infrastructure Income PLC GBP's investor day presentation, Sep 12, 2018
Slide 1: RM Secured Direct Lending PLC Capital Markets Day
RM Secured Direct Lending PLC Capital markets day – 12th September 2018
Slide 2: Disclaimer
Disclaimer This document has been prepared by RM Capital Markets Limited (“RM”) and is for information purposes only. All rights reserved. Any unauthorised use or distribution is strictly prohibited. This document has been prepared by and issued by RM or its associated companies and has been approve
Slide 3: Contents
Contents ▪ Company overview ▪ What does RMDL offer investors ▪ About the manager – RM Funds ▪ Investment Performance ▪ RMDL Investment Strategy ▪ Investment Portfolio ▪ Top 20 Investments ▪ Transaction Snapshots ▪ Summary ▪ Q&A 3
Slide 4: Company Overview
Company Overview ▪ RM Secured Direct Lending PLC (RMDL) is an investment trust listed on the premium segment of the London Stock Exchange established in Q4 2016 to invest in Launched IPO a portfolio of debt investments. December ▪ RMDL’s objective is to generate a stable quarterly income stream with
Slide 5: What does RMDL offer investors?
What does RMDL offer investors? ✓ Defensive Asset Class – Focus on capital preservation and income generation. Ticker: ✓ Diversified Sector Exposure – Focus on non-cyclical business RMDL sector lending. ✓ Stable Dividends – Target 1.625p per quarter. Share Price: 102.5p ✓ Granular Loan Book – 29 Loa
Slide 6: About the manager - RM Funds
About the manager - RM Funds • RM Funds is a trading name of RM Capital Markets Limited (“RM”). Launched in 2010 with Offices in Edinburgh (HQ) and London. • Long-standing relationships with Investment Banks, Commercial Banks, Challenger Banks, Financial Advisory Firms, Sponsors and Borrowers – prov
Slide 7: Investment Performance
Investment Performance 8% Performance summary NAV (reinv. div.) Yea r-to-da te 3.22% Investment performance 7% Incepti on-to-da te 6.50% NAV NAV w/ div. reinvest. 6% Share Share w/ div. reinvest. NAV 98.11 5% Share (mid) 4% Pri ce 101.50 Yea r-to-da te - 3% Incepti on-to-da te 1.50% 2% Di vi dends -
Slide 8: RMDL Investment Strategy
RMDL Investment Strategy Key Investment Parameters Investment Universe: ▪ UK & European SMEs and Mid-market Corporates. ▪ Across the capital structure, with a focus on: 1st & 2nd ranking secured and unitranche investments, either bi-laterally Eligible Investments: or in a club. No equity only positi
Slide 9: Investment Portfolio
Investment Portfolio ▪ Focus on lending to corporates in areas of the market which are under-banked. ▪ SME Borrowers account for c.35% of the Investment Portfolio1. ▪ Majority of RMDL Borrowers are Sponsor backed. ▪ Our funding is used by borrowers for a multitude of purposes including: ▪ General Co
Slide 10: Investment Portfolio
Investment Portfolio ▪ RM focus on lending opportunities which display the following characteristics: ▪ Strong Management Teams ▪ Robust Security Packages ▪ Demonstrable Cash Flows ▪ 100% of investments within the Loan Book are secured, either on a senior or junior basis. ▪ All RMDL investments have
Slide 11: Transaction Snapshots
Transaction Snapshots Childcare Food Manufacturing Student Accommodation Borrower The Company operates a chain of Borrower Founded in 2010, Valeo Foods has Borrower The Borrower is a ring-fenced special Description: ~20 nurseries in South East UK. It Description: through strategic acquisition Descri
Slide 12: Top 20 Investments
Top 20 Investments Loan Business Activity Size1 Yield2 Duration3 WAL4 LTV5 Investment Portfolio – Sector breakdown Asset Finance 10.00 8.00% 2.86 3.34 61% Healthcare & Pharmaceuticals 20.1% Advertising 8.50 9.64% - 4.05 41% Business Services 7.00 6.22% - 6.23 60% Finance - Asset Finance 16.4% Health
Slide 13: Summary
Summary ▪ An experienced team, with backgrounds in lending, project finance, credit trading, structuring and risk management. ▪ A robust due diligence and investment process with oversight by a five person (2 external) credit committee with over 130 years of combined experience. ▪ Secured, asset bac
Slide 14: Questions & Answers
Questions & Answers O&A sy 14 RMFunds
Slide 15: Contact Information
Contact Information James Robson Pietro Nicholls James Satterthwaite Investment Management Investment Management Distribution and Investor Relations +44 (0) 131 603 7069 +44 (0) 203 697 1768 +44 (0) 131 603 7068 James.robson@rm-capital.co.uk Pietro.nicholls@rm-capital.co.uk James.satterthwaite@rm-ca
Slide 16: Registered office and regulatory information
Registered in Scotland No SC380707 Registered Office: 7 Melville Crescent, Edinburgh, EH3 7JA RM Capital Markets Limited is authorised and regulated by the Financial Conduct Authority (Number 562209) 16
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