Slide 1: Investor Presentation
Investor Presentation September 30, 2023
Slide 2: Disclaimer
Disclaimer Forward-looking statements and other information This presentation contains forward-looking statements about the Company. These forward-looking statements reflect our current views with respect to, among other things, future events and our financial performance. These statements are often
Slide 3: Who We Are
Who We Are Nasdaq symbol “PFX” Publicly Traded Business 5.25% Notes due 2028 listed on NASDAQ under the symbol “PFXNZ” Development Company 3-year $50 million credit facility with Woodforest as lead arranger (SOFR + 2.90%) Management professionals with 80+ years of collective industry experie
Slide 4: Portfolio Management At-A-Glance
Portfolio Management At-A-Glance Dual-Vertical Investment Strategy Driving Shareholder Value Credit & Equity Investments Investment Platform(s) Control investments in niche alternative finance companies Lower middle market loans with opportunistic minority equity Strategy investments Opportuni
Slide 5: Approach to Credit & Equity Investments
Approach to Credit & Equity Investments Flexible Mandate for Credit and Equity Investing Credit Investing Equity Investing Co-investments through directly originated credits Directly originated senior secured, floating rate loans Portfolio Broadly syndicated first lien loans with underlying li
Slide 6: Approach to Investment Platforms
Approach to Investment Platforms Launch or Acquire Complementary Investment Platforms Over Time FlexFIN, LLC – launched August 2021 FlexFIN is an alternative finance platform which operates an asset-based lending business to the diamond and jewelry industry. FlexFIN enters secured loans and secured
Slide 7: Update on Ongoing Strategic Initiatives
Update on Ongoing Strategic Initiatives Ongoing Strategic Initiatives to Drive Shareholder Value Over the Long-Term Key Objectives Description Current Status Grow net investment income through enhancing current yield within the portfolio Reposition 32% NAV growth since internalization on Inves
Slide 8: Attractive Financial Profile and Liquidity Position
Attractive Financial Profile and Liquidity Position Stable Financial Position with Strong Portfolio and NAV Growth Summary Capitalization Table Commentary ($ in tho usands) 9/30/2023 9/30/2022 1 Meaningful liquidity position provides balance sheet flexibility Assets Ability to quickly deploy into
Slide 9: Portfolio Statistics – Fair Market Value
Portfolio Statistics – Fair Market Value Current Portfolio of $226.5 Million at Fair Market Value Type of Industries Geographic Breakdown Business Services: 21% $6.9 $7.7 $8.2 Financials(1): 19% $9.5 $12.4 $11.7 Northeast: 41% Hotel, Gaming & Leisure: 15% $47.1 $25.6 Consumer Services: 8% Southeast:
Slide 10: Inflection Point in Portfolio and NAV Growth
Inflection Point in Portfolio and NAV Growth Our Primary Focus is Earnings Retention and Reinvestment, Driving NAV and Portfolio Growth Quarterly Net Asset Value per Share $75.00 $226M(1) $70.75 $70.00 $67.01 $65.00 $62.94 $62.70 𝑥 $160M(1) $59.38 $60.00 $58.49 $58.99 $58.74 $57.08 $57.49 $55.91…
Slide 11: Financial Overview
Financial Overview PHENIXFIN
Slide 12: Recent Financial Highlights
Recent Financial Highlights Total Assets: $239.7 million Cash Balance: $6.0 million Balance Total Liabilities: $93.0 million Sheet NAV: $146.7 million NAV per common share: $70.75 Asset Coverage: 270.7% Total Investment Income: $20.1 million Income Total Expenses: $13.6 million State
Slide 13: Balance Sheet
Balance Sheet Sep 30, 2023 Sep 30, 2022 ($ as stated) Assets: Investments at fair value Non-controlled, non-affiliated investments (amortized cost of $134,339,121 and $147,378,917, respectively) $ 125,531,031 $ 122,616,275 Affiliated investments (amortized cost of $48,233,910 and $30,585,884, respec
Slide 14: Income Statement
Income Statement For the Years Ended Sep 30, ($ as stated) 2023 2022 2021 Interest Income: Interest from investments Non-controlled, non-affiliated investments: Cash $ 8,031,539 $ 5,207,850 $ 5,974,807 Payment in-ki nd 506,555 444,741 609,964 Affiliated investments: Cash 1,925,293 639,733 1,099,809
Slide 15: Corporate Information
Corporate Information Senior Management Research Coverage Website David Lorber Oppenheimer & Co. PhenixFIN Corporation Chairman & CEO Mitchel Penn www.phenixfc.com Ellida McMillan CFO Credit Facility Bank Provider Woodforest National Bank Independent Directors Advisors Arthur Ainsberg Corporate Coun
Slide 16: Our Key Leadership Team
Our Key Leadership Team David Lorber Ellida McMillan Chairman, Chief Executive Officer Chief Financial Officer Leadership Experience: Leadership Experience: Chairman and Chief Executive Officer of PhenixFIN Corporation Chief Financial Officer of PhenixFIN Co-Founder of FrontFour Capital Group