{
  "docId": "019de074-f74f-701c-bbde-f5fe1e1c32c9",
  "docSlug": "74c9db35005bfafa6f288f8a37a78ab7",
  "documentTitle": "Main Street Capital | Fixed Income Presentation Deck | 42 slides",
  "authorId": "main-street-capital",
  "authorName": "Main Street Capital Corporation",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-05-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 36,
  "pageCount": 42,
  "prevPage": 35,
  "nextPage": 37,
  "slideType": "kpi_overview",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 8,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de074-f74f-701c-bbde-f5fe1e1c32c9/36",
  "deckHref": "/decks/019de074-f74f-701c-bbde-f5fe1e1c32c9",
  "deckJsonHref": "/decks/019de074-f74f-701c-bbde-f5fe1e1c32c9.json",
  "deckAnchorHref": "/decks/019de074-f74f-701c-bbde-f5fe1e1c32c9#slide-36",
  "components": [
    {
      "bbox": {
        "h": 0.6,
        "w": 0.6,
        "x": 0.35,
        "y": 0.2
      },
      "kind": "list",
      "text": "30 investments / $306.2 million in fair value\n7% of total investment portfolio at fair value\nAverage investment size of $13.0 million(1) (less than 1% of total portfolio)\nInvestments in secured and/or rated debt investments\n94% of Middle Market portfolio is secured debt\n99% of Middle Market debt portfolio is first lien term debt\nDebt yielding 11.8%(2)\n95%(1) of Middle Market debt investments bear interest at floating rates(3), providing matching with MAIN's floating rate Credit Facilities(4)\nOver 450 basis point effective interest margin vs \"matched\" floating rate on MAIN's Credit Facilities(4)",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e7b51741-7fa9-4015-92a2-fd696e857102",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.25,
        "x": 0.05,
        "y": 0.2
      },
      "kind": "paragraph",
      "text": "Middle Market investment portfolio provides a diversified mix of investments and diverse sources of income to complement the LMM investment portfolio and represents a potential source of liquidity for MAIN's future investment activities",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c115732a-cca4-4c6c-95fb-3ae93c1e695d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.9,
        "x": 0.05,
        "y": 0.85
      },
      "kind": "source-note",
      "text": "(1) As of March 31, 2023; based on cost\n(2) Weighted-average effective yield is calculated using the applicable interest rate as of March 31, 2023 and includes amortization of deferred debt origination fees and accretion of original issue discount, but excludes fees payable upon repayment of the debt instruments and any debt investments on non-accrual status\n(3) 80% of floating interest rates on Middle Market debt investments are subject to contractual minimum \"floor\" rates\n(4) Includes MAIN's Credit Facilities as defined on page 24; see additional details on page 18",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "763d7466-bdae-4f38-a507-524b483fccb1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.5,
        "x": 0.05,
        "y": 0.1
      },
      "kind": "title",
      "text": "Middle Market Investment Portfolio",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ed2d081e-55ec-4373-9ae6-0cfd57d72a06",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 36,
      "from": 27,
      "beatId": "1dbeed3c-e72a-4a9e-81c2-106a425b4d37",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Financials",
      "beatSlug": "sequoia-pitch-financials",
      "evidence": "The document provides a detailed overview of MAIN's financial performance, including portfolio highlights and investment portfolio breakdown.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [
    {
      "to": 36,
      "from": 28,
      "name": "Mece Breakdown",
      "slug": "40-mece-breakdown",
      "bestFor": "Problem structuring, ensuring completeness, strategic analysis",
      "matchId": "ab6b8fc1-9636-4baa-b23b-c835d8534a81",
      "evidence": "The document presents a detailed breakdown of MAIN's portfolio by industry and cost.",
      "position": 0,
      "objective": "To provide a detailed breakdown of MAIN's diversified portfolio",
      "structure": "The Whole -> Category A (distinct) -> Category B (distinct) -> Category C (distinct) -> Complete Coverage",
      "confidence": 0.8,
      "description": "Divide a complex topic into mutually exclusive, collectively exhaustive categories"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}