Phenixfin Corporation · NASDAQ:PFX
Phenixfin — Investor Presentation (December 2021)
15 slides from Phenixfin's investor presentation, December 2021
Slide 1: Investor Presentation December 2021
PHENIXFIN Investor Presentation December 2021
Slide 2: Disclaimer
Disclaimer PHENIXFIN 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
Slide 3: Who We Are
Who We Are PHENIXFIN • Nasdaq symbol “PFX” with market capitalization of $107 million(2) Publicly Traded Business • 5.25% Notes due 2028 listed on NASDAQ under the symbol “PFXNZ” Development Company • 6.125% Notes due 2023 listed on NASDAQ under the symbol “PFXNL” • Internalization transaction compl
Slide 4: How We Got Here
How We Got Here PHENIXFIN October 2020 January 2021 August 2021 November 2021 Independent members of the Effective January 1, 2021, the PFX share price reaches Completed baby bond Board of Medley Capital name of the Company was 52-week high of $44.00* offering to refinance Corporation approved the s
Slide 5: Investment Highlights
Investment Highlights PHENIXFIN Reorganization of Management Structure and Alignment of Interests 1 Internalization of management function drives shareholder value through reduced expenses, enhanced operating leverage with scale and alignment of interest through ownership of 14.5% of the Company’s c
Slide 6: Positive Market Response to Internalization
Positive Market Response to Internalization PHENIXFIN Relative Price Change Since December 31, 2020 60.0% 50.0% 50.7% 40.0% PFX has achieved 19.3% stock price outperformance relative to BDC Index 31.5% 30.0% 20.0% 10.0% -- % (10.0%) 12/31/20 01/31/21 02/28/21 03/31/21 04/30/21 05/31/21 06/30/21 07/3
Slide 7: Investment Strategy
Investment Strategy PHENIXFIN Focus on Driving Shareholder Value Manage Existing Portfolio • Optimize the value of existing portfolio positions • Focus generally on strategies to drive NII and NAV • 1st lien term loans Investment Strategy • Sr. secured bonds • Equity/ preferred equity – yield orient
Slide 8: Portfolio Statistics as of September 30, 2021
Portfolio Statistics as of September 30, 2021 PHENIXFIN Type of Industries(1) Geography(1) $ in millions $ in millions Construction & Building: 21% $7.1 Banking, Finance, Insurance & Real $17.2 Estate: 18% $31.6 High Tech Industries: 14% $8.1 $17.4 Northeast: 36% Services: Business: 8% $9.3 $54.2 We
Slide 9: Favorable Cost Structure and Strong Corporate Governance
Favorable Cost Structure and Strong Corporate Governance PHENIXFIN • Management and shareholders’ interests are inherently aligned due to ownership of Company shares Internalized • Efficient internalized management structure Management Structure • New Management team, including investment profession
Slide 10: Financial Highlights – For the Year Ending September 30, 2021
Financial Highlights – For the Year Ending September 30, 2021 PHENIXFIN • Total Assets: $225.1mm • Cash Balance: $69.4mm Balance • Total Liabilities: $81.4mm Sheet • NAV: $143.7mm • NAV per common share: $57.08 • Asset Coverage: 290.7% • Total Investment Income: $32.3mm Income • Total Expenses: $13.
Slide 11: Corporate Information
Corporate Information PHENIXFIN Senior Management Research Coverage Website David Lorber Oppenheimer & Co. PhenixFIN Corporation Chairman & CEO Mitchel Penn www.phenixfc.com Ellida McMillan CFO Independent Directors Arthur Ainsberg PHENIXFIN Advisors Corporate Counsel Lead Director Kramer Levin Naft
Slide 12: Key Takeaways
Key Takeaways PHENIXFIN Reorganization of Management Structure and Alignment of Interests Revaluing of Strong Market Existing Receptivity Investments and Around Recent Repositioning of Initiatives Portfolio PHENIXFIN Effective Balance Attractive Sheet Liquidity Deleveraging Positon and Strong Covera
Slide 13: Financial Overview
PHENIXFIN Financial Overview
Slide 14: PhenixFIN Financial Performance – Balance Sheet
PhenixFIN Financial Performance – Balance Sheet PHENIXFIN September 30, 2021 September 30, 2020 Assets: Investments at fair value Non-controlled, non-affiliated investments (amortized cost of $92,214,167 and $117,360,954, respectively) $ 84,152,678 $ 114,321,948 Affiliated investments (amortized cos
Slide 15: PhenixFIN Financial Performance – Income Statement
PhenixFIN Financial Performance – Income Statement PHENIXFIN For the Years Ended September 30 2021 2020 2019 Interest Income: Interest from investments Non-controlled, non-affiliated investments: Cash $ 5,974,807 $ 9,137,394 $ 25,368,027 Payment in-kind 609,964 863,744 1,755,260 Affiliated investmen