Investcorp Credit Management Bdc, Inc. · NASDAQ:ICMB
Investcorp Credit Management Bdc — CM Finance — Investor Presentation (June 2018)
10 slides from Investcorp Credit Management Bdc's investor presentation, Jun 30, 2018
Slide 1: CM Finance Inc
CM Finance Inc CM Investment Partners LLC As of June 30, 2018 www.cmfn-inc.com 1
Slide 2: Forward-looking Statements and Disclosures
Forward-looking Statements and Disclosures Statements included in this presentation may contain “forward-looking statements,” which relate to future performance or financial condition of CM Finance Inc (the “CMFN”). Forward-looking statements are based on estimates, projections, beliefs and assumpti
Slide 3: Executive Summary
Executive Summary CM Investment Partners LLC’s (“CMIP”) and CMFN’s strategic partnerships with Cyrus Capital Partners, L.P. (“Cyrus”) and Stifel Venture Corp. (“Stifel”), a wholly owned subsidiary of Stifel CYRUS AND Financial Corp., provide differentiated sourcing and execution capabilities STIFE
Slide 4: Experienced Credit Platform with Strategic Partnerships
Experienced Credit Platform with Strategic Partnerships STRATEGIC PARTNERSHIPS Cyrus Capital Partners Stifel Financial Corp. Multi-billion dollar distressed/special situations hedge Leading brokerage and investment banking firm fund firm with 17+ year track record principally focused on the U.S.
Slide 5: CMIP Investment Team
CMIP Investment Team DEDICATED FIRM LEADERSHIP Michael Mauer Christopher Jansen Managing Partner, Co-Founder and Co-CIO Co-Founder and Co-CIO Cyrus Capital Partners – Senior Managing Director, Head of Cyrus Capital Partners – Senior Managing Director Leveraged Loans Sound Harbor Partners – Sen
Slide 6: Investment Criteria
CM Finance Inc – Investment Criteria Use of Proceeds Borrower Focus Organic Growth Established companies with a history of positive operating cash flow Acquisitions Defensible and sustainable business Seasoned management team with meaningful equity Market / Product Expansion ownership
Slide 7: Overview
CM Finance Inc – Overview Issuer CM Finance Inc (NASDAQ: CMFN) Investment Manager CM Investment Partners LLC (“CMIP”) Formation Formed as CM Finance LLC in 2012; IPO in February 2014 Market Capitalization (as of June 29, 2018) $121.8 million Investment Portfolio(1) (as of June 30, 2018) $ 293.6 mill
Slide 8: Portfolio as of June 30, 2018 (at fair value)
CM Finance Inc – Portfolio as of June 30, 2018 (at fair value) Senior secured investments are central to the portfolio composition 1st lien and 2nd lien were 56.3% and 43.3%, respectively, of the portfolio at fair value Geographical diversification across every region of the United States Ac
Slide 9: Portfolio as of June 30, 2018: Quarterly Highlights
CM Finance Inc – Portfolio as of June 30, 2018 Quarterly Highlights The weighted average yield on debt investments, at cost, increased to 11.19% from 11.12% as of March 31, 2018 CMFN made five new investments in four portfolio companies with a total cost of $37.9mm and a weighted average yield o
Slide 10: Selected Financial Highlights
CM Finance Inc Selected Financial Highlights Quarter Ended Quarter Ended Quarter Ended Quarter Ended September 30, 2017 December 31, 2017 March 31, 2018 June 30, 2018 Investment Portfolio at Fair Value $ 271,862,946 $ 286,531,168 $ 297,201,236 $ 293,592,013 Debt at Cost $ 129,260,000 $ 119,830,000 $