Earnings Call Summary | Investcorp Credit Management BDC(ICMB.US) Q2 2024 Earnings Conference
Earnings Call Summary | Investcorp Credit Management BDC(ICMB.US) Q2 2024 Earnings Conference
The following is a summary of the Investcorp Credit Management BDC, Inc. (ICMB) Q2 2024 Earnings Call Transcript:
以下是Investcorp信貸管理BDC, Inc.（ICMB）2024年第二季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Investcorp Credit Management's Q2 net investment income was $1.58 million or $0.11 per share, a slight decrease of about 3% from the previous quarter.
Portfolio's fair value reduced from $223.4 million to $207.4 million in Q2 while the net assets also dropped from the previous quarter to $78.8 million.
Despite decreases in other areas, weighted average yield of their debt portfolio increased from 11% to 11.5%.
Gross leverage was at 1.7x, slightly above guidance, with net leverage at 1.51x.
The net asset value per share fell approximately 6% to $5.48 per share from $5.83 per share due to changes in the valuations of two investments.
A Q2 distribution of $0.12 per share and a supplemental distribution of $0.03 per share was declared, payable on April 5, 2024.
Investcorp Credit Management第二季度的淨投資收入爲158萬美元，合每股0.11美元，比上一季度略有下降約3％。
投資組合的公允價值在第二季度從2.234億美元下降至2.074億美元，而淨資產也比上一季度下降至7,880萬美元。
儘管其他領域有所下降，但其債務投資組合的加權平均收益率從11％上升到11.5％。
總槓桿率爲1.7倍，略高於預期，淨槓桿率爲1.5倍。
由於兩項投資估值的變化，每股淨資產價值從每股5.83美元下降了約6％，至每股5.48美元。
宣佈第二季度分配爲每股0.12美元，補充分配爲每股0.03美元，將於2024年4月5日支付。
Business Progress:
業務進展：
The company had 44 borrowers at the end of the year, with a significant 85% of their investments in first lien. The remaining 15% was invested elsewhere.
Positions on nonaccrual dropped to 4.6%, compared to 10% as of the previous quarter.
Investcorp has entered a sale agreement for 1888.
The company is continuing its focus on diversifying its portfolio, currently investing in 44 borrowers against 25 industries, an increase from 37 borrowers and 19 industries in the previous year.
During Q2, the company invested approximately $19.1 million in five new portfolio companies and one existing company.
On the other hand, it received repayments totaling approximately $29.2 million from four investments.
The weighted average EBITDA of the portfolio increased from $55.6 million to $59.9 million by the end of Q2 2024.
The company realized full positions in four portfolio companies with respective IRRs of 10.8%, 8.7%, and 22.2%.
The company's strategy will maintain a focus on capital preservation and a stable dividend.
截至年底，該公司有44名借款人，其中85％的投資是第一留置權。其餘的15％投資於其他地方。
非應計頭寸降至4.6％，而上一季度爲10％。
Investcorp已簽訂了1888年的銷售協議。
該公司繼續專注於分散其投資組合，目前對25個行業的44個借款人進行了投資，高於去年的37個借款人和19個行業。
在第二季度，該公司向五家新的投資組合公司和一家現有公司投資了約1,910萬美元。
另一方面，它從四項投資中收到了總額約2920萬美元的還款。
到2024年第二季度末，該投資組合的加權平均息稅折舊攤銷前利潤從5,560萬美元增加到5,990萬美元。
該公司實現了四家投資組合公司的全額頭寸，各自的內部收益率分別爲10.8％、8.7％和22.2％。
該公司的戰略將保持以資本保值和穩定的股息爲重點。
More details: Investcorp Credit Management BDC IR
更多詳情： Investcorp 信貸管理 BDC IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。