Golub Capital Bdc, Inc. · NASDAQ:GBDC
Golub Capital Bdc — Q1 FY2014 Earnings Presentation
14 slides from Golub Capital Bdc's earnings presentation, Feb 6, 2014
Slide 1: Golub Capital BDC, Inc. Investor Presentation
GOLUB CAPITAL Golub Capital BDC, Inc. Investor Presentation Quarter Ended December 31, 2013 ‘wnww.golubcapitalbde.com
Slide 2: Disclaimer
Disclaimer Some othe statement ia hie constitute forward ooking ‘veh eat ture evento our ature perfomance or iandal condition, ‘Th forward ong aeons contained in ti pesntatcn ave itt ‘uncralais, nein statements ato our fare operating resus urbusiness Investmentadvinr adterafiiateot Golub Capital LLC
Slide 3: Summary of Quarterly Results
Summary of Quarterly Results First Fiscal Quarter 2014 fighlights = Net investment income for the quarter ended December 31, 2013 was $13.3 million, or $0.31 per share, a5 ‘compared to $12.4 million, or $0.31 per share, for the quarter ended September 30, 2013. = Net increase in net assets resulting
Slide 4: Financial Highlights
Financial Highlights ar2014 4208 932013 e208 1208 Netinvestmentincome per share 5 om § om § oO” § oR § 03 Net eaizeduredtaed gan (os) pr share 008 0.00 002 0.06 oon fanning per share 03 031 om 0m 038 Net asset value pe share 1523 1521 152 1480 1465 Datibutens pad pe share om On on on on ar2014 ea208
Slide 5: Summary of Portfolio Highlights
Summary of Portfolio Highlights Originations and Net Funds Growth = New investment commitments totaled $286.7 million for the quarter ended December 31, 2013, including the $25.6 we invested in Senior Loan Fund LLC. = Net growth in investments in securities, at fair value, for the quarter ended Dece
Slide 6: Quarterly Statements of Financial Condition
Quarterly Statements of Financial Condition asot (Dot sein sand, ‘December 31,2018 Septerer 30,2013 June 30,2013. —-Morch31, 2013 Oncanber 31,2012 ‘pt per atv do) nash ‘posted (medio Tirso Crouse Thwart ara 7 varesi9 7 mess 7 7 eee Recited con ond coh ogauets sa79 sas08 1999 39226 Total Aste 5 1asas
Slide 7: Quarterly Operating Results
Quarterly Operating Results fer the three months ended (Dot aroun in than December 31,2013 September 30,2013 June30,2013 Mar, 2013 December 31,2012 ‘scxptsboreandpa tore da) Crouse ‘inmost ‘iro ‘inns ‘crossed Tnwesincone FE 7 Dusind come 6 ED Toe ry 267 Total investment come 5 oa or Thee Tse expense
Slide 8: Portfolio Highlights - Asset Mix
Portfolio Highlights - Asset Mix New Investment Commitments End of Period Investments (At Fair Value) 350,000 1.400.000 siargs19 $00,000 seas 205 36 s262287 1024.15 200,000 ieee 126007 $100,000 558,115 $50,000 Py ” e120” @2209 G20 Qa201 a1 2018 (1208 @2209 3209 @12012 ar20M serie Sccuted One Sop sen
Slide 9: Portfolio Highlights - Debt Investment Spread Analysis
Portfolio Highlights - Debt Investment Spread Analysis 10.0% kore = om so ie ma som on ve 0.0% a au en on oon on teen ret en Patryerey ae ‘TSF Month London interbank Offered Rate (*IPOR™) 2 Raptr enone sou et ntti atti tec htt) ey ere netic) ctl anv ee coche nding tinny dae 2 Ramin tn cae nat nae i
Slide 10: Portfolio Highlights - Selected Information
Portfolio Highlights - Selected Information Portfolio Rotation - Debt Investments ar2% aeons ete Wetted rape irs at of pew mesinans) 72% a1 20% co am Weptted avrape tres ae on masters that were sor past 96% 39% 30% 107% om ‘Wegited awa rand over UBOR or og ate oats Gr oom oom 2% 69% ‘Weg ed ane le a
Slide 11: Credit Quality
Credit Quality Credit Quality - Investment Portfolio. = Fundamental credit quality remains strong with non-accrual investments representing less than 0.1% of the total investments at fair value as of December 31, 2013. * Internal Performance Ratings’ on the investment portfolio have remained relativ
Slide 12: Portfolio Highlights — Portfolio Ratings
Portfolio Highlights — Portfolio Ratings ‘Strong Portfolio Risk Ratings December 31, 2013 September 30,2012 ne 30,2019 Internal investments at sot Investment at sof Investment at sot Rating Fair Val Gn Totalrontioio Fair Value Gn 3) Total Portlio Fair Value Gnthowsands) Total ortllo 5 © 161960 17% a
Slide 13: Common Stock and Distribution Information
Common Stock and Distribution Information ‘Common Stock Data Fiscal Yer End September 30,2013 igh tow End of Petiod Fes Guster 62 51475 3596 Second Quarter 568 sm 516.51 Thed Quarter 738 He 1750, Routh Quaner 5680 676 9738 Fiscal Year Ended September 30,2014 Fes Queer som 1674 on Distribution Data D
Slide 14: Liquidity and Investment Capacity
Liquidity and Investment Capacity Cash and Cash Equivalents * Unrestricted cash totaled $31.9 million as of December 31, 2013. * Restricted cash totaled $39.8 million as of December 31, 2013, Restricted cash was held in our securitization Vehicle, SBIC subsidiaries and our revolving credit facilitie