{
  "docId": "019de075-2aae-76c5-b03c-c7f203c7f0b5",
  "docSlug": "2e9fbb613837048464351063cd777af9",
  "documentTitle": "Main Street Capital | Investor Day Presentation Deck | 155 slides",
  "authorId": "main-street-capital",
  "authorName": "Main Street Capital Corporation",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-06-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 40,
  "pageCount": 132,
  "prevPage": 39,
  "nextPage": 41,
  "slideType": "peer_benchmark",
  "function": "compare_peers",
  "density": "dense",
  "nDataPoints": 165,
  "notes": "The table highlights Main Street's performance metrics (dividends, CAGR, coverage) against 14 other BDCs.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de075-2aae-76c5-b03c-c7f203c7f0b5/40",
  "deckHref": "/decks/019de075-2aae-76c5-b03c-c7f203c7f0b5",
  "deckJsonHref": "/decks/019de075-2aae-76c5-b03c-c7f203c7f0b5.json",
  "deckAnchorHref": "/decks/019de075-2aae-76c5-b03c-c7f203c7f0b5#slide-40",
  "components": [
    {
      "bbox": {
        "h": 0.2,
        "w": 0.94,
        "x": 0.03,
        "y": 0.75
      },
      "kind": "disclaimer",
      "text": "(1) Sources: Yearly dividends per share from individual company website; does not include supplemental dividends (2) BDC Peer Group includes dividend paying BDCs that have been publicly-traded for at least two years and have total assets greater than $500 million based on individual SEC Filings as of December 31, 2022, with the exception of NEWT, which is excluded due to the non-traditional nature of their business plan and operations compared to most BDCs and their change away from BDC election (3) Certain BDC’ historical dividends have been adjusted for subsequent reverse stock splits: MFIC – 2018; FSK – 2020; PTMN – 2021; and OCSL – 2022 (4) Gross dividend potential CAGR is calculated by utilizing dividends per share for years 2017 through 2021 and NII per share for 2022 and represents the potential growth in dividends if dividends paid in 2022 matched NII for each BDC (5) 2022 Dividend NII Coverage is calculated as NII for 2022 divided by monthly dividends paid in 2022",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b6981284-6573-4e10-b3cd-01056c4c45f6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.55,
        "w": 0.94,
        "x": 0.03,
        "y": 0.18
      },
      "kind": "table",
      "text": "Table comparing dividend per share (2017-2022), CAGR, and coverage for 15 BDCs.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c8ca5658-6f00-4f2e-833b-2b9fa44b8c09",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.9,
        "x": 0.05,
        "y": 0.12
      },
      "kind": "title",
      "text": "Historical Monthly Dividend Growth and Coverage of Monthly Dividends with Earnings(1)(2)",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ae940c8c-8a09-4658-8f8d-840e2381ab8c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.9,
        "x": 0.05,
        "y": 0.05
      },
      "kind": "title",
      "text": "MAIN’s Strategy Consistently Produces Differentiated Returns (cont.)",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3b4e9926-e39b-4af3-aee8-bd22d15bdfa0",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 40,
      "from": 31,
      "beatId": "8453f150-4aa3-4864-b0e3-d5618a37c8a3",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Team",
      "beatSlug": "sequoia-pitch-team",
      "evidence": "The presentation highlights MAIN's management team and their experience.",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [
    {
      "to": 40,
      "from": 30,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "385e5b55-2a0f-43c9-a92c-30e67a24df8d",
      "evidence": "The presentation implies the costs of inaction by highlighting MAIN's differentiated returns and growth prospects.",
      "position": 1,
      "objective": "To highlight the risks of not investing in MAIN",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.6,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}