Cion Investment Corporation · NYSE:CION
Cion Investment — Q2 2025 Earnings Presentation
14 slides from Cion Investment's earnings presentation, Aug 7, 2025
Slide 1: CION Investment Corporation Second Quarter 2025 Earnings Presentation
CION Investment Corporation Second Quarter 2025 Earnings Presentation
Slide 2: Disclosures and Forward-Looking Statements
Disclosures and Forward - Looking Statements 2 The information contained in this earnings presentation should be viewed in conjunction with the earnings conference call of CION Investment Corporation (NYSE : CION) (“CION” or the “Company”) held on Thursday, August 7 , 2025 as well as the Company’s Q
Slide 3: Second Quarter and Other Highlights – Ended June 30, 2025
3 1. The discussion of the investment portfolio excludes short term investments. Second Quarter and Other Highlights – Ended June 30, 2025 • Net investment income and earnings per share for the quarter ended June 30 , 2025 were $ 0 . 32 per share and $ 0 . 52 per share, respectively ; • Net asset va
Slide 4: Selected Financial Highlights
4 Selected Financial Highlights 1. The discussion of the investment portfolio excludes short term investments. 2. Total debt outstanding excludes netting of debt issuance costs. Please refer to page 10 for debt net of issuance costs. 3. Includes a supplemental distribution of $ 0 . 05 per share duri
Slide 5: Investment Activity
Investment Activity • New investment commitments for the quarter were $41 million, of which $29 million were funded and $12 million were unfunded. • New investment commitments were made across 10 existing portfolio companies. • Fundings of previously unfunded commitments for the quarter were $10 mil
Slide 6: Portfolio Asset Composition
6 Portfolio Asset Composition * Less than 1%. The discussion of the investment portfolio is at fair value and excludes short term investments. 94% 96% 99% 1% 93% 7% 85% 14% 0%* 0%* 1% 0%* 0%* 0%* 0%* 0%* 0%* 0%* 87% 0%* 12% 86% 13% 1% 85% 84% 1% 14% 15% 1% 1% 100% 2% 5% 1% 2%
Slide 7: Internal Investment Risk Ratings
7 INTERNAL INVESTMENT RISK RATINGS (1) (% of Total Portfolio, Fair Value) Q2 2025 NON - ACCRUAL % (1) Higher Credit Quality Lower Credit Quality Credit Quality of Investments 1. The discussion of the investment portfolio excludes short term investments. * - Less than 1%. Q2 2024 Q3 2024 Q4 2024 Q1 2
Slide 8: Portfolio Summary
PORTFOLIO BY SECURITY TYPE (4) PORTFOLIO BY INTEREST RATE TYPE (4) Portfolio Summary 8 ( 1 ) See endnote 4 in our press release filed with the SEC on August 7 , 2025 . ( 2 ) See endnote 5 in our press release filed with the SEC on August 7 , 2025 . ( 3 ) See endnote 6 in our press release filed with
Slide 9: Quarterly Operating Results
Quarterly Operating Results 9 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 All figures in thousands, except share and per share data Investment income $ 53,863 $ 53,390 $ 51,364 $ 51,394 $ 48,881 Interest income (1) 5,152 434 653 697 1,651 Dividend income 2,342 5,803 5,877 3,983 1,712 Fee income $ 61,357
Slide 10: Quarterly Balance Sheet
Quarterly Balance Sheet 10 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 All figures in thousands, except per share data and asset coverage ratio Assets $ 1,906,125 $ 1,806,229 $ 1,888,688 $ 1,845,660 $ 1,824,628 Investments, at fair value 9,798 29,765 7,670 7,720 6,533 Cash 40,841 49,446 45,140 40,863 45
Slide 11: Q2 2025 Net Asset Value Bridge Per Share Data
11 Q2 2025 Net Asset Value Bridge Per Share Data
Slide 12: Debt Summary
12 Maturity Date Interest Rate Principal Amount Outstanding Total Commitment Amount 6/15/2027 S + 2.55% (2) $325 $406 JPM Credit Facility 12/30/2029 7.50% 173 173 Unsecured Notes, 2029 (1) 2/13/2028 S + 2.75% 100 125 UBS Credit Facility 2/11/2026 4.50% 125 125 Unsecured Notes, 2026 (1) 8/31/2026 S +
Slide 13: Distribution Per Share and Distribution Coverage
13 Distribution Per Share and Distribution Coverage 1 1. Includes special and/or supplemental distributions of $0.05, $0.20. $0.05 and $0.05 per share during Q3 2023, Q4 2023, Q2 202 4 a nd Q4 2024, respectively. Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 $0.32 $0.36 $0.35 $0.40
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