Chicago Atlantic Bdc, Inc. · NASDAQ:LIEN
Chicago Atlantic Bdc — Silver Spike Investment — FY2022 Earnings Presentation
11 slides from Chicago Atlantic Bdc's earnings presentation, Mar 31, 2023
Slide 1: Fiscal Year End 2022 Earnings Presentation
Fiscal Year End 2022 Earnings Presentation March 31, 2023
Slide 2: Disclaimers and Forward-Looking Statements
2 S I L V E R S P I K E I N V E S T M E N T C O R P . © 2 0 2 2 A l l R i g h t s R e s e r v e d DISCLAIMERS AND FORWARD - LOOKING STATEMENTS The information contained in this presentation should be viewed in conjunction with the earnings conference call of Silver Spike Investment Corp. (“SSIC” or
Slide 3: Financial Highlights for Quarter Ended 12/31/22
3 S I L V E R S P I K E I N V E S T M E N T C O R P . © 2 0 2 2 A l l R i g h t s R e s e r v e d Financial Highlights for Quarter Ended 12/31/22 Q UARTER E NDED 12/31/22 Q UARTER E NDED 9/30/22 G ROSS I NVESTMENT I NCOME $2.0 million $1.2 million E XPENSES $0.6 million $0.6 million N ET I NVESTMENT
Slide 4: Financial Highlights for Fiscal Year Ended 12/31/22
4 S I L V E R S P I K E I N V E S T M E N T C O R P . © 2 0 2 2 A l l R i g h t s R e s e r v e d Financial Highlights for Fiscal Year Ended 12/31/22 F OR T HE P ERIOD F ROM 4/1/22 TO 12/31/22 1 G ROSS I NVESTMENT I NCOME $4.0 million E XPENSES $1.8 million N ET I NVESTMENT I NCOME $2.2 million N ET
Slide 5: Experienced Management Team
5 S I L V E R S P I K E I N V E S T M E N T C O R P . © 2 0 2 2 A l l R i g h t s R e s e r v e d Experienced Management Team Scott Gordon Founding Partner, CEO & CIO 35 - year investment career in global special situations, distressed, and emerging markets 35 - year career in asset management,
Slide 6: Competitive Advantages
6 S I L V E R S P I K E I N V E S T M E N T C O R P . © 2 0 2 2 A l l R i g h t s R e s e r v e d Competitive Advantages M ANAGEMENT T EAM Deep background, experience, and skills across credit and special situations, in both developed and emerging markets across dozens of jurisdictions Our four
Slide 7: Why Now? Market Opportunity
7 1. MJBiz Marijuana Factbook 2022; cannabis market size figure for 2022E refers to legal retail sales only 2. Forbes, New Frontier Data as of 3/24/2022; cannabis market size figure for 2030E refers to legal retail sales only 3. Forbes, Statista; market sizes reflect total estimated revenue; market
Slide 8: Loan Sourcing and Origination
8 S I L V E R S P I K E I N V E S T M E N T C O R P . © 2 0 2 2 A l l R i g h t s R e s e r v e d LOAN SOURCING AND ORIGI N ATION INITIAL CREDIT REVIEW INITIAL IN V ESTMEN T COMMITTEE MEETING EXECUTE INDICATIVE TERM SHEET CONDUCT DETAILED DUE DILIGENCE FINAL IN V ESTMEN T COMMITTEE MEETING BRIN G -
Slide 9: Highlights of Silver Spike's Sourcing & Origination Funnel
9 S I L V E R S P I K E I N V E S T M E N T C O R P . © 2 0 2 2 A l l R i g h t s R e s e r v e d Highlights of Silver Spike’s Sourcing & Origination Funnel Our preference is to directly originate deals via our networks. Direct deal sourcing is enhanced by cannabis operating experience and visibilit
Slide 10: SSIC Portfolio Summary (as of 2/28/23)
10 S I L V E R S P I K E I N V E S T M E N T C O R P . © 2 0 2 2 A l l R i g h t s R e s e r v e d SSIC Portfolio Summary (as of 2/28/23) P ORTFOLIO C OMPANY I NVESTMENT D ATE M ATURITY D ATE I NTEREST R ATE I NVESTMENT V ALUE 2 % OF N ET A SSETS I NVESTED 3 Company A 5/26/2022 5/26/2026 Prime Rate
Slide 11: Contact: Bill Healy – Partner
CONTACT: B ILL H EALY – P ARTNER BI L L @ SI L V E R S P I K EC A P . COM SSIC . SILVERSPIKECAP . COM
Silver Spike Investment — FY2022 Earnings Presentation on 6ix