Slide 1: Medley Capital Corporation Investor Presentation, Quarter Ended June 30, 2020
Medley Capital Corporation (NYSE: MCC) Investor Presentation Quarter Ended June 30, 2020
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: Executive Summary
Executive Summary • Net asset value of $54.83 per share for the quarter ended 6/30/20 • Net investment loss of $0.26 per share for the quarter ended 6/30/20 • Net income of $2.79 per share for the quarter ended 6/30/20 • The board of directors did not declare a dividend this quarter • Israeli Notes
Slide 4: Financial & Portfolio Highlights
Financial & Portfolio Highlights Financial Highlights 6/30/20 3/31/20 12/31/19 9/30/19 6/30/19 1 Net investment income (loss) per share $ (0.26) $ (0.08) $ 0.06 $ (0.15) $ (0.07) 1 Net realized gains (losses) per share $ (13.92) $ - $ (0.03) $ (0.66) $ (0.16) 1 Loss on extinguishment of Debt $ (0.26
Slide 5: Select Financial & Portfolio Information
Select Financial & Portfolio Information As of and for the Three Months Ended (dollars in millions, except per share data) 6/30/20 3/31/20 12/31/19 9/30/19 6/30/19 Net investment income (loss) per share - basic & diluted $ (0.26) $ (0.08) $ 0.06 $ (0.15) $ (0.07) Net realized and unrealized gains (l
Slide 6: Balance Sheet
Balance Sheet As of (dollars in thousands, except per share data) 6/30/20 3/31/20 12/31/19 9/30/19 6/30/19 ASSETS (Unaudited) (Unaudited) (Unaudited) (Audited) (Unaudited) Investments at fair value Non-controlled/non-affiliated investments $ 116,697 $ 112,666 $ 138,892 $ 189,895 $ 229,402 Affiliated
Slide 7: Diversified Senior Secured Floating Rate Portfolio
Diversified Senior Secured Floating Rate Portfolio Investment Type1 Floating vs Fixed Rate2 5% First Lien 32% Second Lien Floating 62% Unsecured Debt Fixed Equities/Warrants 5% 1% 95% Industry3 Geography Construction & Building 4% 5% 21% Northeast Multisector Holdings 11% 32% West High Tech Industri
Slide 8: Portfolio by Issuer
Portfolio by Issuer Top 20 Investments: 91% MCC Senior Loan Strategy JV I LLC 9% JFL-NGS Partners, LLC 1% Path Medical, LLC 19% 2% Avantor, Inc. 2% Autosplice, Inc. 2% InterFlex Acquisition Company, LLC 2% Impact Group, LLC 2% Alpine SG, LLC 3% US Multifamily, LLC SFP Holding, Inc. 3% Walker Edison
Slide 9: Debt Maturity Profile
Debt Maturity Profile1 (Dollars in millions) $300.0 $250.0 $200.0 $150.0 DB Facility $114.6 $100.0 $50.0 2021 Notes $74.0 2023 Notes $77.8 $- 2020 2021 2022 2023 Source: Company Financials. 1. Balances are as of 8/11/20 and reflect a paydown to the DB facility of $19.0 million on 8/7/20. 2. Facility
Slide 10: MCC Investment Strategy Shift
MCC Investment Strategy Shift • Beginning in 2015, the Medley lending platform shifted its focus to first lien loans provided to larger, sponsor backed borrowers - New investments post Q2 2015 have experienced 0.54% of annualized realized and unrealized losses1,2 - Two non-accruals out of 42 borrowe
Slide 11: Corporate Information
Corporate Information Board of Directors Corporate Officers Corporate Headquarters BROOK TAUBE BROOK TAUBE 280 Park Avenue, 6th Floor East Chairman & Chief Executive Officer Chairman & Chief Executive Officer New York, NY 10017 (212) 759-0777 SETH TAUBE RICHARD T. ALLORTO, JR. Director Chief Financi