Chicago Atlantic Bdc, Inc. · NASDAQ:LIEN
Chicago Atlantic Bdc — Silver Spike Investment — Q2 2023 Earnings Presentation
10 slides from Chicago Atlantic Bdc's earnings presentation, Nov 10, 2022
Slide 1: Q2 2023 Earnings Presentation
Q2 2023 Earnings Presentation November 10, 2022
Slide 2: Disclaimers and Forward-Looking Statements
2 SILVER SPIKE INVESTMENT CORP. ©2022 All Rights Reserved DISCLAIMERS AND FORWARD - LOOKING STATEMENTS The information contained in this presentation should be viewed in conjunction with the earnings conference call of Silver Sp ike Investment Corp. (“SSIC” or the “Company”) (NASDAQ: SSIC) held on N
Slide 3: Second Quarter 2023 Highlights
3 SILVER SPIKE INVESTMENT CORP. ©2022 All Rights Reserved Second Quarter 2023 Highlights Q UARTER E NDING 9/30/22 Q UARTER E NDING 6/30/2022 G ROSS I NVESTMENT I NCOME $1.2 million $0.8 million E XPENSES $0.6 million $0.6 million N ET I NVESTMENT I NCOME $0.6 million $0.2 million N ET I NVESTMENT I
Slide 4: Experienced Management Team
4 SILVER SPIKE INVESTMENT CORP. ©2022 All Rights Reserved Experienced Management Team 35 - year investment career in global special situations, distressed, and emerging markets Holds board positions at Papa & Barkley and WM Holding Company, LLC (“Weedmaps”) Early entrepreneur and investor in c
Slide 5: Competitive Advantages
5 SILVER SPIKE INVESTMENT CORP. ©2022 All Rights Reserved Competitive Advantages M ANAGEMENT T EAM FIRST mover in the cannabis BDC landscape — currently the only public BDC focused on direct - lending to the cannabis sector BDCs are direct lending vehicles that are more flexible than REITS: De
Slide 6: Why Now? Market Opportunity
6 SILVER SPIKE INVESTMENT CORP. ©2022 All Rights Reserved 1. MJBiz Marijuana Factbook 2022; cannabis market size figure for 2022E refers to legal retail sales only 2. Forbes, New Frontier Data a s of 3/24/2022; cannabis market size figure for 2030E refers to legal retail sales only 3. Forbes, Statis
Slide 7: Loan Sourcing and Origination
7 SILVER SPIKE INVESTMENT CORP. ©2022 All Rights Reserved LOAN SOURCING AND ORIGINATION INITIAL CREDIT REVIEW INITIAL INVESTMENT COMMITTEE MEETING EXECUTE INDICATIVE TERM SHEET CONDUCT DETAILED DUE DILIGENCE FINAL INVESTMENT COMMITTEE MEETING BRING - DOWN DILIGENCE AND CLOSING CREDIT MONITORING & PO
Slide 8: Benefits of Silver Spike's Sourcing Funnel
8 SILVER SPIKE INVESTMENT CORP. ©2022 All Rights Reserved Benefits of Silver Spike’s Sourcing Funnel Our preference is to directly originate deals via our networks. Deal sourcing is enhanced by internal operating experience and visibility from Silver Spike management’s publicly - traded cannabis com
Slide 9: SSIC Portfolio Summary
9 SILVER SPIKE INVESTMENT CORP. ©2022 All Rights Reserved SSIC Portfolio Summary P ORTFOLIO C OMPANY I NVESTMENT D ATE M ATURITY D ATE I NTEREST R ATE I NVESTMENT V ALUE 2 % OF N ET A SSETS 3 Shryne Group, Inc 5/26/2022 5/26/2026 PRIME + 8.5% (4% PRIME Floor) 20,455,483 23.98% PharmaCann, Inc 6/30/2
Slide 10: Contact
CONTACT: B ILL H EALY – P ARTNER BILL @ SILVERSPIKECAP . COM SSIC . SILVERSPIKECAP . COM
Silver Spike Investment — Q2 2023 Earnings Presentation on 6ix