Slide 1: Goldman Sachs BDC, Inc. Investor Presentation
Goldman Sachs BDC, Inc. Investor Presentation QUARTER ENDED DECEMBER 31, 2023 WWW.GOLDMANSACHSBDC.COM
Slide 2: Disclaimer and Forward-Looking Statement
Disclaimer and Forward-Looking Statement The information contained in this presentation should be viewed in conjunction with the earnings conference call of Goldman Sachs BDC, Inc. (“GSBD” or the “Company”) (NYSE: GSBD) held on February 29, 2024, and the Company’s Annual Report on Form 10-K for the
Slide 3: Quarterly Highlights
Quarterly Highlights Quarter Ended December 31, 2023 ▪ Net investment income per share for the quarter ended December 31, 2023, was $0.56. Excluding purchase discount amortization per share of $0.01 from the Merger (as defined below), adjusted net investment income per share was $0.55 for the quarte
Slide 4: Selected Financial Highlights
Selected Financial Highlights Quarter Ended December 31, 2023 (in $ millions, except per share data) Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Investment portfolio, at fair value $3,506.2 $3,514.9 $3,550.0 $3,438.7 $3,414.3 1 Total debt oustanding $2,021.4 $1,943.3 $1,962.1 $1,884.5 $1,832.2 Net asset
Slide 5: Investment Activity
Investment Activity Quarter Ended December 31, 2023 ▪ During the quarter, the Company made new investment commitments of $166.2 million, funded new investment commitments of $123.4 million, and had fundings of previously unfunded commitments of $66.6 million – New investment commitments were across
Slide 6: Portfolio Asset Composition
Portfolio Asset Composition Quarter Ended December 31, 2023 End of Period Investments (at fair value, $mm) Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 1st Lien 89% 89% 89% 91% 91% 1st Lien, Last-Out Unitranche 3% 3% 3% 4% 4% 2nd Lien 5% 5% 5% 3% 2% Unsecured Debt <1% <1% <1% <1% 1% Preferred Stock 1% 1%
Slide 7: Credit Quality of Investments
Credit Quality of Investments Quarter Ended December 31, 2023 Non-Accrual Status: One new portfolio company was placed on non-accrual and certain investments in three portfolio companies were removed from non- accrual status during the quarter. As of December 31, 2023, investments on non-accrual sta
Slide 8: Portfolio Summary – Goldman Sachs BDC, Inc.
Portfolio Summary – Goldman Sachs BDC, Inc. Quarter Ended December 31, 2023 Portfolio Characteristics Invested Portfolio Total investments and commitments ($mm) $3,721.8 Unfunded commitments ($mm) $307.5 Investments at fair value ($mm) $3,414.3 Yield at fair value of total investments (%)1 13.2% Yie
Slide 9: Quarterly Operating Results
Quarterly Operating Results Quarter Ended December 31, 2023 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Investment income Interest1 $104, 946 $106,403 $111,270 $118,981 $114,212 Dividend income 124 107 138 256 407 Other income 1,406 894 675 819 752 Total investment income $106,476 $107,404 $112,083 $120
Slide 10: Quarterly Balance Sheet
Quarterly Balance Sheet Quarter Ended December 31, 2023 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Assets Investments at fair value $3,506,216 $3,514,903 $3,549,979 $3,438,696 $3,414,329 Cash 39,602 47,173 42,414 76,602 52,363 Unrealized appreciation on foreign currency forward contracts - - - - - Rece
Slide 11: Net Asset Value Bridge
Net Asset Value Bridge Quarter Ended December 31, 2023 Net Realized & Unrealized Loss: $(0.10) Net Investment Income: $0.56 $0.55 $14.62 $14.61 $0.01 $(0.45) $(0.09) $(0.01) Q3' 23 Ending Book Q4' 23 Adjusted Net Q4' 23 Purchase Q4' 23 Distribution Q4' 23 Q4' 23 Adjusted Net Q4' 23 Ending Book NAV I
Slide 12: Debt
Debt Quarter Ended December 31, 2023 Commitment Debt Interest Rate Maturity Date Amount ($mm) Outstanding ($mm)1 Goldman Sachs BDC, Inc. Revolving Credit Facility $1,695 $972 SOFR + 187.5 bps / 175 bps2 10/18/2028 2025 Notes $360 $360 3.75% 02/10/2025 2026 Notes $500 $500 2.875% 01/15/2026 Total $2,
Slide 13: Distribution and Common Stock Information
Distribution and Common Stock Information Quarter Ended December 31, 2023 Distribution Data Record Date Payment Date Date Declared Regular Distribution Per Share Special Distribution Per Share 28-Mar-24 26-Apr-24 21-Feb-24 $0.45 - 29-Dec-23 26-Jan-24 1-Nov-23 $0.45 - 30-Sep-23 27-Oct-23 2-Aug-23 $0.
Slide 14: Non-GAAP Disclosures
Non-GAAP Disclosures On October 12, 2020, we completed our merger (the “Merger”) with Goldman Sachs Middle Market Lending Corp. (“MMLC”). The Merger was accounted for as an asset acquisition in accordance with ASC 805-50, Business Combinations — Related Issues. The consideration paid to MMLC’s stock