Investor Relations

New Mountain Finance Corporation

Defensive, Income-Oriented Growth.

New Mountain Finance Corporation (Nasdaq: NMFC) is a leading business development company (BDC) focused on providing direct lending solutions to U.S. upper middle market companies backed by top private equity sponsors. Our portfolio consists primarily of senior secured loans, and select junior capital positions, to growing businesses in defensive industries that offer attractive risk-adjusted returns. Our differentiated investment approach leverages the deep sector knowledge and operating resources of New Mountain Capital, a global investment firm with approximately $45 billion of assets under management.

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

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Latest Financial Results

Q3 2023

Quarter Ended Sep 30, 2023

For complete information regarding our financials, see our periodic filings

$13.06

Net asset value (“NAV”) per share was $13.06

$0.40

Net Investment Income of $0.40 per share

$0.36

Third quarter distribution of $0.36 per share

$3,128.4M

Portfolio had a fair value of $3,128.4 million

NMFC At a Glance

Overview

$3.1B Portfolio Size

Large, diversified portfolio across 110 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

93% Green Portfolio Risk Rating
Represents best risk rating measured by performance and business quality.
42% Avg. Loan to Value
Represents our debt securities percentage of the total enterprise value at close of each transaction.
$15m Net Realized Gains since IPO
Represents cumulative realized gains (net of losses) since IPO.

Strong Return Profile

~12% 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 September 30, 2023
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 13%
Education 9%
Software - ERP 8%
Software - IT Infrastructure & Security 8%
Tech Enabled Healthcare 6%
Consumer Services 6%
Engineering & Consulting Services 5%
Real Estate Services 5%
Human Capital Management 4%
Business Services (misc.) 3%

FMV as of September 30, 2023
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 $9.2bn and generated $15m of realized gains (net of realized losses) while paying out ~$1.1bn in dividends.

Consistent Outperformance

220%

Total return since IPO

BDC Index (78%) CS High Yield Index (75%)

Stable Income Opportunity

~$1bn

Dividends paid since IPO

Consistent history of attractive dividends fully covered by NII

As of September 30, 2023
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

Stock Information

New Mountain Finance Corporation

IR Contacts

Corporate Office

New Mountain Finance Corporation
1633 Broadway
48th Floor
New York, NY 10019
United States

Investor Relations

Laura Holson
Authorized Representative
T: (212) 220-3393
NMFCIR@newmountaincapital.com

Transfer Agent

American Stock Transfer and Trust Company
6201 15th Ave
Brooklyn, NY 11219
United States
T: 800-937-5449
http://www.astfinancial.com