{
  "docId": "019de075-b5da-7428-a2c8-7d56a0dc175b",
  "docSlug": "5cd999761cbfce222b095be1b4a60428",
  "documentTitle": "Main Street Capital | Investor Presentation Deck | 49 slides",
  "authorId": "main-street-capital",
  "authorName": "Main Street Capital Corporation",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-08-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 13,
  "pageCount": 49,
  "prevPage": 12,
  "nextPage": 14,
  "slideType": "business_model",
  "function": "present_solution",
  "density": "overcrowded",
  "nDataPoints": 6,
  "notes": "The slide highlights the synergy between the internal management structure and the external asset management business.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de075-b5da-7428-a2c8-7d56a0dc175b/13",
  "deckHref": "/decks/019de075-b5da-7428-a2c8-7d56a0dc175b",
  "deckJsonHref": "/decks/019de075-b5da-7428-a2c8-7d56a0dc175b.json",
  "deckAnchorHref": "/decks/019de075-b5da-7428-a2c8-7d56a0dc175b#slide-13",
  "components": [
    {
      "bbox": {
        "h": 0.3,
        "w": 0.3,
        "x": 0.05,
        "y": 0.18
      },
      "kind": "list",
      "text": "MAIN's asset management business represents additional income diversification and the opportunity for greater shareholder returns. MAIN's internally managed operating structure provides MAIN's shareholders the benefits of this asset management business.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "81a9b192-a3b6-465e-99e7-e6dae2e2507d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.6,
        "x": 0.35,
        "y": 0.75
      },
      "kind": "list",
      "text": "$8.5 million contribution to net investment income in the second quarter of 2023; $16.6 million contribution to net investment income in the six months ended June 30, 2023; $22.3 million contribution to net investment income in the year ended December 31, 2022; $104.5 million of cumulative unrealized appreciation as of June 30, 2023",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d0a3db78-5e9b-4cae-a561-f55f15c3d4b9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.6,
        "x": 0.35,
        "y": 0.33
      },
      "kind": "list",
      "text": "MAIN(1) provides asset management services, including sourcing, diligence and post-investment monitoring. MAIN(1) receives management fees and incentive fees: Base management fee of 1.75% of total assets; Incentive fees – 20% of net investment income above a hurdle rate and 20% of net realized capital gains.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d9ee7698-afdf-4d88-8d95-0a3f6e458d86",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.6,
        "x": 0.35,
        "y": 0.55
      },
      "kind": "paragraph",
      "text": "Benefits to MAIN: Highly predictable source of recurring base management fee income, with opportunity for upside through incentive fees. No significant increases to MAIN's operating costs. Monetizing the value of MAIN franchise. Significant positive impact on MAIN's financial results.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2bc04474-f35a-4b4d-8414-16c8a4bfcd8f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.6,
        "x": 0.35,
        "y": 0.18
      },
      "kind": "paragraph",
      "text": "MAIN(1) is the investment adviser to several third party clients in its Asset Management Business. MAIN(1) is the investment adviser to and administrator of MSC Income Fund, Inc. (MSIF), a non-listed BDC.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4fdaa68b-3a9e-462b-85e6-e9e3b607b7ec",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.9,
        "x": 0.05,
        "y": 0.88
      },
      "kind": "source-note",
      "text": "(1) Through MSC Adviser I, LLC (the External Investment Manager), MAIN's wholly-owned unconsolidated subsidiary. (2) Contribution to Net Investment Income includes (a) dividend income received by MAIN from the External Investment Manager and (b) operating expenses allocated from MAIN to the External Investment Manager",
      "attrs": {
        "numbered": true
      },
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "343dcd02-c0f3-4001-b479-bdd237086e2e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.4,
        "x": 0.05,
        "y": 0.1
      },
      "kind": "title",
      "text": "Asset Management Business",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ca2c164d-0c28-43b4-882a-817c4938e681",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 13,
      "from": 11,
      "beatId": "0b1fb7d6-503b-4e89-89a8-268a3cec6e4b",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Solution",
      "beatSlug": "sequoia-pitch-solution",
      "evidence": "The deck presents an overview of MAIN's investment strategies",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}