Goldman Sachs Bdc, Inc. · NYSE:GSBD
Goldman Sachs Bdc — Q1 2015 Earnings Presentation
14 slides from Goldman Sachs Bdc's earnings presentation, May 14, 2015
Slide 1: Goldman Sachs BDC, Inc. Investor Presentation, Quarter Ended March 31, 2015
Exhibit 99.1 GoldmanEnded Investor Quarter www.goldmansachsbdc.com Presentation SachsMarch BDC, 31, Inc.2015
Slide 2: Disclaimer
Disclaimer hereof, “expect,” carefully our of revise sale securities Nothing GS herein The time. historical BDC This are 2accordance reconciliation. the not BDC, future information of presentation investor We isdate publicly presents shall the meant you discrete in because undertake performance. “an
Slide 3: Quarterly Highlights
Quarterly Quarter On Net Earnings As 62.8% Goldman The 3(1) of The March investment Company Board March quarter-over-quarter discussion Ended per Sachs, Highlights 18, of31, share Directors 2015, announced March income 2015, & of for Co. the the 31, the investments (“GS”) for authorized Company inve
Slide 4: Selected Quarterly Financial Highlights
Selected Quarter (in Investment Debt Average Total Per Net Earnings Regular Special (1) (2) (3) nitial taking meas respecti public during 4(4) $The Average Adjusted Includes Share assets increase asset investment millions, — to investment ure public into offering the distribution discussion equity E
Slide 5: Quarterly Originations and Investment Activity
Quarter Originations The (in Investments New Repayments Net (1) 5credit $The Funded SCF millions) investment Investment facilities. SCF Ended madeInvestment in and is Q1 March Goldman SCF(1) an new fundings Commitments Fundings Exits Net unconsolidated 2014 investment Funded 31, (45.6) (0.6) Activit
Slide 6: Portfolio Composition and Investment Activity
Portfolio Quarter New $914 $257 $235 38% 12% $179 $501 24% 52% 48% 31% $53 13% 9% 6% 26% 85% Q1 100% 03/31/14 Investment Preferred 2nd 1st 6(1) Investment Lien ‘14 15% 35% 76% Lien <1% 44% 18% 38% $3 Investment <1% 3% 10% 34% 5%Q2 Ended 31% 1st 34% Asset 06/30/14 1st 3% Stock 30% 26% $824 $606 $910
Slide 7: Credit Quality
Credit Quarter No Non-Accrual (in % Fair Total Internal 21Rating 4?3Involves 7may Involves $11.4 843.4 59.1 — Borrow Most of $investments Value realize -% millions) Total $913.9 Quality 6.5% Fair Definition or 1.2% 92.3% Ended Investment —the aan er all Fair aborrow Portfolio -% Value aacceptable bo
Slide 8: Investment Portfolio Summary
Quarter Invested Total Unfunded Yield Investments Portfolio Number Weighted Median Seniority(2) Common < Preferred Stock, 2.8% 25.9% 2nd 1st 37.9% Out 30.3% Unitranche, Other (1) portfolio our ompanies companies’ debt SCF. independently may (2) (3) March 8and 0.1% The For Measured Lien, last other L
Slide 9: Investment Portfolio Summary: Characteristics
Quarter Invested Yield Investments Portfolio Number Weighted Median Seniority(2) 2nd Capital Auto IT Floating, 1st Secured, Automobiles Other (1) portfolio our ompanies companies’ debt SCF. independently may 9(2) Services For Measured Lien last Lien reflect investments Portfolio Components at (?7% a
Slide 10: Quarterly Operating Results
Quarterly Quarter Q1 Investment Dividend Interest Expenses Management Incentive Other Total Excise Per Net Earnings Regular Special Weighted Shares All (1) (2) 10 Upon Includes 2014 figures share change realized increase investment investment expenses income operating tax outstanding, distribution i
Slide 11: Quarterly Balance Sheet
Quarterly Quarter Q1 Assets Investments Cash Deferred Receivable Liabilities Debt Interest Management Incentive Payable Common Distribution Other Total Net All 11 2014 figures Asset $- Assets 29,499 Net Liabilities assets costs and $35,000 Ended for Q2 financing Assets fees stock Balance Value &in f
Slide 12: Net Asset Value Per Share Change and Adjusted NAV
NetAdjusted Quarter 19.56 0.14 (0.28) 12/31/14 Book Adviser Per (Depreciation) Appreciation Unrealized (1) (2) (3) taking ure respecti public during 12 Includes Goldman in share Asset 0.07 NAV 19.49 anal (0.06) offering, into offering the Ended ve (GSAM)(2) Ending data Value first yzing quarter-over
Slide 13: Liquidity
Liquidity Quarter Goldman Size Interest Maturity $600 $400 $500 $100 $200 200 $300 $0 Revolving Undrawn All LIBOR: 13 50 figures ($mm) 560 336 224 70Rate Ended London 10/3/2019 Drawn Sachs Management 50 Credit in$560 130 LIBOR millions. March BDC, Interbank Facility $50 10/3/2015 +$200 31, Inc. 2252
Slide 14: Distribution and Common Stock Data
Distribution Date Per February September June December October July Common Quarter March (1) (2) 14 Distributions First Share 17, 27, Declared 28, 31, Ended 2013 17, quarter 2014 25, Stock 30, 10, 2014 2015(2) 29, 2013 and Data 2015 June June 2014 2013 Record 2014 March High Data 2015 March Common d