Phenixfin Corporation · NASDAQ:PFX
Phenixfin — Medley Capital — Q1 FY2014 Earnings Presentation
11 slides from Phenixfin's earnings presentation, February 2014
Slide 1: Quarter Ended December 31, 2013 Investor Presentation
Quarter Ended December 31, 2013 Investor Presentation
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: Financial & Portfolio Highlights
Financial & Portfolio Highlights Financial Highlights Q1-14 Q4-13 Q3-13 Q2-13 Q1-13 Net investment income per share $ 0.42 $ 0.41 $ 0.37 $ 0.36 $ 0.39 Net realized gains (losses) $ - $ - $ - $ 0.01 $ 0.01 Net unrealized gains (losses) $ (0.07) $ 0.02 $ (0.27) $ 0.03 $ (0.01) Net income per share1 $
Slide 4: Select Financial & Portfolio Information
Select Financial & Portfolio Information As of and for the Three Months Ended (dollars in millions, except per share data) 12/31/2013 9/30/2013 6/30/2013 3/31/2013 12/31/2012 Net investment income per share - basic & diluted $ 0.42 $ 0.41 $ 0.37 $ 0.36 $ 0.39 Net realized and unrealized gains per sh
Slide 5: Balance Sheet
Balance Sheet (dollars in thousands, except per share data) 12/31/2013 9/30/2013 6/30/2013 3/31/2013 12/31/2012 ASSETS (Unaudited) (Audited) (Unaudited) (Unaudited) (Unaudited) Investments at fair value Non-control/non-affiliate investments $ 809,125 $ 740,097 $ 677,351 $ 585,282 $ 512,261 Affiliate
Slide 6: Portfolio by Issuer as of December 31, 2013
Portfolio by Issuer as of December 31, 2013 Top 20 Investments: 51% 4% Lexmark Carpet Mills, Inc. 3% Water Capital USA, Inc. 3% RCS Management Corporation & Specialized Medical Services, Inc 3% Ingenio Acquisition LLC 3% U.S. Well Services, LLC ARBOC Specialty Vehicles LLC 3% Harrison Gypsum LLC Uni
Slide 7: Portfolio Diversification as of December 31, 2013
Portfolio Diversification as of December 31, 2013 Industry Diversification Geographic Diversification Industry Percentage Region (Based on corporate headquarters) Percentage Personal and Nondurable Consumer Products 8.0% Midwest US 28.9% Business Services 7.2% Western US 23.1% Oil and Gas 7.1% South
Slide 8: Performance Overview
Performance Overview Consistent quarterly dividend ($0.37 per share for quarter ending 12/31/13) Diversified portfolio with weighted average loan-to-value of 56.0% through MCC’s debt 13.6% portfolio yield as of 12/31/131 FY Q1 2014 gross investment originations of $160.6 million Completed
Slide 9: Portfolio Growth
Portfolio Growth $900.0 $800.0 $819 $749 $700.0 $686 $600.0 $594 $500.0 $521 ($ millions) $400.0 $402 $363 $300.0 $306 $249 $200.0 $199 $145 $100.0 $105 $85 $0.0 Investments at Fair Value Page 9
Slide 10: Transaction & Backlog Summary
Transaction & Backlog Summary 1 2 Deal Sector Security $Amount Fixed/Floating Tenor Yield Closed in Q1 FY14 AM3 Pinnacle Corporation Telecommunications Senior - 1st lien $8.0 Fixed 4.8 years 10.5% Albertville Quality Foods, Inc. Beverage, Food and Tobacco Senior - 1st lien 17.5 Floating 4.8 years 11
Slide 11: Corporate Information
Corporate Information Board of Directors Corporate Officers Research Coverage Corporate Counsel BROOK TAUBE BROOK TAUBE BARCLAYS CAPITAL INC. SUTHERLAND ASBIL & BRENNAN Chairman & Chief Executive Officer Chairman & Chief Executive Officer Mark C. DeVries – (212)-526-9484 LLP Washington, DC ANDREW FE