Phenixfin Corporation · NASDAQ:PFX
Phenixfin — Medley Capital — Q3 2014 Earnings Presentation
11 slides from Phenixfin's earnings presentation, Jun 30, 2014
Slide 1: Investor Presentation Quarter Ended June 30, 2014
Investor Presentation Quarter Ended June 30, 2014
Slide 2: Important Notice
Important Notice This presentation contains “forward looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, that are subject to risks and uncertainties. Actual outcomes and results could differ materially from those suggested by this presentation du
Slide 3: Financial & Portfolio Highlights
Financial & Portfolio Highlights Financial Highlights 6/30/14 3/31/14 12/31/13 9/30/13 6/30/13 Net investment income per share $ 0.41 $ 0.38 $ 0.42 $ 0.41 $ 0.37 Net realized gains (losses) $ 0.02 $ - $ - $ - $ - Net unrealized gains (losses) $ (0.10) $ (0.09) $ (0.07) $ 0.02 $ (0.27) Provision for
Slide 4: Select Financial & Portfolio Information
Select Financial & Portfolio Information As of and for the Three Months Ended (dollars in millions, except per share data) 6/30/14 3/31/14 12/31/13 9/30/13 6/30/13 Net investment income per share - basic & diluted $ 0.41 $ 0.38 $ 0.42 $ 0.41 $ 0.37 Net realized and unrealized gains per share - basic
Slide 5: Balance Sheet
Balance Sheet As of (dollars in thousands, except per share data) 6/30/14 3/31/14 12/31/13 9/30/13 6/30/13 ASSETS (Unaudited) (Unaudited) (Unaudited) (Audited) (Unaudited) Investments at fair value Non-control/non-affiliate investments $ 1,033,052 $ 949,197 $ 809,125 $ 740,097 $ 677,351 Affiliate in
Slide 6: Portfolio by Issuer as of June 30, 2014
Portfolio by Issuer as of June 30, 2014 Top 20 Investments: 41% 3% 2% Lexmark Carpet Mills, Inc. 2% RCS Management Corporation & Specialized Medical Services, Inc 2% JD Norman Industries, Inc. 2% 2% Response Team Holdings LLC Ingenio Acquisition LLC 2% NCM Group Holdings LLC 2% Harrison Gypsum LLC 2
Slide 7: Portfolio Diversification as of June 30, 2014
Portfolio Diversification as of June 30, 2014 Industry Diversification Geographic Diversification Industry Percentage Region Percentage Business Services 11.1% Midwest US 30.1% Buildings and Real Estate 8.8% Western US 19.1% Oil and Gas 7.1% Southeast US 18.5% Healthcare, Education and Childcare 6.1
Slide 8: Performance Overview
Performance Overview • Consistent quarterly dividend ($0.37 per share for quarter ending 6/30/14) • Diversified portfolio with weighted average loan-to-value of 59.6% through MCC’s debt • 13.4% portfolio yield as of 6/30/141 • FY Q3 2014 gross investment originations of $206.8 million • Credit Facil
Slide 9: Portfolio Growth
Portfolio Growth $1,200.0 $1,000.0 $1,043 $959 $800.0 $819 $749 ($ millions) $686 $600.0 $594 $521 $400.0 $402 $363 $306 $200.0 $249 $199 $145 $105 $85 $0.0 Investments at Fair Value Page 9
Slide 10: Transaction & Backlog Summary
Transaction & Backlog Summary Deal Sector Security $ Amount1 Fixed/Floating Tenor Yield2 Closed in Q3 FY14 Untangle, Inc. Business Services Senior - 1st lien $ 10.0 Floating 5.0 years 14.4% NCM Group Holdings Buildings and Real Estate Subordinated Debt 22.9 Fixed 5.0 years 11.5% Cornerstone Research
Slide 11: Corporate Information
Corporate Information Board of Directors Corporate Officers Research Coverage Corporate Counsel BROOK TAUBE BROOK TAUBE BARCLAYS CAPITAL INC. SUTHERLAND ASBIL & BRENNAN LLP Chairman & Chief Executive Officer Chairman & Chief Executive Officer Mark C. DeVries – (212)-526-9484 Washington, DC SETH TAUB