Nuveen Churchill Direct Lending Corp. · NYSE:NCDL
Nuveen Churchill Direct Lending — Q2 2020 Earnings Presentation
11 slides from Nuveen Churchill Direct Lending's earnings presentation, Aug 12, 2020
Slide 1: Investor Presentation Quarter Ended June 30, 2020
Nuveen Churchill Direct Lending Corp. Investor Presentation Quarter Ended June 30, 2020 12 August 2020
Slide 2: Disclaimer
Disclaimer This presentation is for informational purposes only. It does not convey an offer of any type and is not intended to be, and should not be construed as, an offer to sell, or the solicitation of an offer to buy, any securities of Nuveen Churchill Direct Lending Corp. (the “Company,” “we,”
Slide 3: Key highlights
Key highlights • At Churchill, we have adjusted well to the “new normal” and are working very efficiently remotely, communicating daily through our video conferencing systems over the last few months. • As we enter the second half of 2020, Nuveen Churchill Direct Lending Corp. (the “Company”) is wel
Slide 4: 2Q 2020 investment activity
2Q 2020 investment activity1 Closed 3 new add-on investments totaling $11.5 million Investment Moody's Industry Par Amount Amortized Cost Spread NJEye LLC2 Services: Consumer $5.8 $3.4 5.00% Diligent Corporation Services: Consumer $4.9 $4.8 5.50% Eagletree-Carbide Acquisition Corp. Consumer Goods: D
Slide 5: Portfolio overview
Portfolio overview Investment portfolio composition by industry and investment type as of June 30, 2020 Moody’s industry diversification Portfolio composition by investment type1 High Tech Industries 25.1 % Banking, Finance, Insurance & Real Estate 10.5 % Consumer Goods: Durable 7.9 % Services: Busi
Slide 6: Capital activity
Capital activity as of June 30, 2020 Capital summary Financing Facility summary Equity Commitments $291.4 million Lender Wells Fargo Bank, N.A. Total Financing Facility1 $175.0 million Financing Facility Amount $175.0 million Total Committed Capital $466.4 million Stated Maturity Date October 28, 20
Slide 7: Credit quality - internal risk ratings
Credit quality - internal risk ratings Investment portfolio has a weighted average risk rating of 4.3; 89% of portfolio investments are rated 5 or better as of June 30, 2020. No investments on non-accrual status as of June 30, 2020. Portfolio risk ratings ($ thousands) June 30, 2020 March 31, 2020 D
Slide 8: Share issuance and distribution activity
Share issuance and distribution activity As of June 30, 2020, the Company has 4,380,112 shares outstanding Share issuance Issuance Date Share Issuance Aggregate Offering Price Issuance Price per Share May 7, 2020 1,069,522 $20,000,000 $18.70 December 31, 2019 3,310,5401 $66,210,800 $20.00 December 1
Slide 9: Investment portfolio
Investment portfolio as of June 30, 2020 Portfolio has a weighted average spread of L+4.82% and a weighted average yield of 6.25% at fair value1 Investment Moody's Industry Par Amount Amortized Cost Fair Value Spread Interest Rate2 PAI HoldCo Inc Automotive $3.4 $3.4 $3.3 4.25% 5.32% Tailwind Randy'
Slide 10: Investment portfolio (cont.)
Investment portfolio as of June 30, 2020 (cont.) Investment Moody's Industry Par Amount Amortized Cost Fair Value Spread Interest Rate1 Diligent Corporation (Delayed Draw) * High Tech Industries $1.0 $1.0 $1.0 5.50% 6.57% Diligent Corporation (Delayed Draw) * High Tech Industries $2.5 $2.5 $2.5 5.50
Slide 11: Contact us
Contact us Investor Relations NCDL-IR@churchillam.com SEC filings churchillam.com/NCDL Nuveen Churchill Direct Lending Corp. 11
Nuveen Churchill Direct Lending — Q2 2020 Earnings Presentation on 6ix