New Mountain Finance Corporation (NMFC)

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May 1, 2024 • 5:00 PM EDT

New Mountain Finance Corporation Announces Financial Results for the Quarter Ended March 31, 2024

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May 1, 2024 • 5:00 PM EDT

New Mountain Finance Corporation Announces Financial Results for the Quarter Ended March 31, 2024

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Apr 3, 2024 • 4:05 PM EDT

New Mountain Finance Corporation Schedules its First Quarter 2024 Earnings Release and Conference Call

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Feb 26, 2024 • 4:35 PM EST

New Mountain Finance Corporation Announces Financial Results for the Quarter and Year Ended December 31, 2023

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Jan 25, 2024 • 5:47 PM EST

New Mountain Finance Corporation Prices Public Offering of $300 Million 6.875% Notes Due 2029

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Jan 18, 2024 • 7:00 AM EST

New Mountain Finance Corporation Announces Preliminary Estimates of Fourth Quarter 2023 Operating Results

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Jan 5, 2024 • 4:05 PM EST

New Mountain Finance Corporation Schedules its Fourth Quarter and Year Ended December 31, 2023 Earnings Release and Conference Call

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Dec 13, 2023 • 4:30 PM EST

New Mountain Finance Corporation Declares a Special Distribution and Announces the Extension of its Stock Repurchase Program

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Nov 22, 2023 • 4:15 PM EST

New Mountain Finance Corporation Appoints Kris Corbett as Chief Financial Officer

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Nov 6, 2023 • 5:05 PM EST

New Mountain Finance Corporation Prices Public Offering of $115.0 Million 8.250% Notes Due 2028

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Latest Financial Results

Q1 2024

Quarter Ended Mar 31, 2024

Earnings Release

HTML PDF

Earnings Webcast

Audio

10-Q

HTML PDF

Presentation

PDF

For complete information regarding our financials, see our periodic filings

$12.77

Net asset value (“NAV”) per share was $12.77

$0.36

Net Investment Income of $0.36 per share

$0.34

Second quarter distribution of $0.34 per share

$3,086.5M

Portfolio had a fair value of $3,086.5 million

NMFC At a Glance

Overview

$3.1B Portfolio Size

Large, diversified portfolio across 100 borrowers.

15 Year History

5/19/2011 IPO date.

Baa3/Stable Moody's Credit Rating

Stable long term credit rating.

Best-in-class credit quality

96% Green Portfolio Risk Rating

Represents best risk rating measured by performance and business quality.

43% Avg. Loan to Value

Represents our debt securities percentage of the total enterprise value at close of each transaction.

5bps Annual Net Realized Loss Rate

Average realized loss rate since IPO.

Strong Return Profile

11% Annual Div. Yield

Based on NMFC's closing price of $12.33 per share on 10/30/2023

10% Annual Return Since IPO

Annualized cash-on-cash return to a shareholder since IPO

88% Floating Rate Loans

Well positioned for a rising rate environment.

As of March 31, 2024
For complete information regarding these metrics, please refer to our latest earnings presentation.

Defensive Growth Strategy

NMFC focuses on acyclical, defensive growth-oriented industries where New Mountain has deep expertise.

Our dedicated credit team leverages the in-house resources of the broader New Mountain platform including a deep bench of over 100 industry executives.

Top 10 Industries (at FMV)

Industry	Percentage
Healthcare Services	11%
Software - ERP	9%
Software - IT Infrastructure & Security	7%
Education	7%
Consumer Services	6%
Other	6%
Human Capital Management	5%
Healthcare Software	5%
Engineering & Consulting Services	5%
Ecommerce & Logistics	4%
Real Estate Services	4%

FMV as of March 31, 2024
For complete information regarding our financials, see our periodic filings.

Proven Track Record

NMFC's mandate is to achieve superior risk-adjusted returns despite economic volatility.

Since IPO, we have invested $9.5bn and only realized losses of $37m (net of realized gains) while paying out ~$1.2bn in dividends.

Consistent Outperformance

248.0%

Total return since IPO

BDC Index 105.3% CS High Yield Index 91.6%

Stable Income Opportunity

~$1.2bn

Dividends paid since IPO

Consistent history of attractive dividends fully covered by NII

As of March 31, 2024

For complete information regarding these metrics, please refer to our latest earnings presentation.

Shareholder Alignment

NMFC's largest shareholder group are employees (13% + s/o)¹

Dividend protection program remains in place

Starting Q1 2023, NMFC commenced a formal supplemental dividend program

¹Includes members of senior management and other New Mountain employees; excludes independent directors; ownership % based on total shares outstanding on 9/30/2023

Stock Information