Barings BDC, Inc. (NYSE:BBDC) Q2 2024 Earnings Conference Call August 8, 2024 9:00 AM ET Company Participants Joe Mazzoli - Head, IR Eric Lloyd - CEO Matt Freund - President Elizabeth Murray - CFO Bryan High - Head, Global Private Finance, and Portfolio Manager Conference Call Participants Robert Dodd - Raymond James Finian O'shea - Wells Fargo Casey Alexander - Compass Point Operator At this time, I would like to welcome everyone to the Barings BDC, Inc. Conference Call for the Quarter Ended June 30, 2024. ...

Barings BDC (BBDC) came out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.31 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it was expected that this business development company would post earnings of $0.30 per share when it actually produced earnings of $0.28, delivering a surprise of -6.67%.Over the last four quart ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________________ Form 10-Q __________________________________________________________ (Mark One) ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 814-00733 _____ ...

Financial Performance - Barings BDC reported net investment income of $42.1 million, or $0.40 per share, for Q2 2024, an increase from $29.4 million, or $0.28 per share, in Q1 2024[2]. - The total investment income for the quarter was $74.9 million, with a net increase in net assets resulting from operations of $19.4 million, or $0.18 per share[4]. - Total investment income for the six months ended June 30, 2024, was $144,692, an increase of 1.53% compared to $142,506 for the same period in 2023[22]. - Net investment income after taxes for the six months ended June 30, 2024, was $71,494, up 16.83% from $61,123 for the same period in 2023[22]. - Net investment income per share increased to $0.40 for the period ending June 30, 2024, compared to $0.31 for the same period in 2023[23]. - Total dividends/distributions per share increased to $0.26 for the period ending June 30, 2024, compared to $0.25 for the same period in 2023[23]. Investment Portfolio - The investment portfolio at fair value decreased to $2,395.7 million as of June 30, 2024, down from $2,527.5 million as of March 31, 2024[3]. - The company made nine new investments totaling $38.5 million and had 15 loans repaid totaling $116.2 million during the quarter[7]. - Non-Control/Non-Affiliate investments generated interest income of $107,273 for the six months ended June 30, 2024, compared to $105,729 for the same period in 2023[22]. - Net realized gains on investments were $9,101,000 for the period ending June 30, 2024, compared to $45,446,000 for the same period in 2023[24]. Assets and Liabilities - As of June 30, 2024, total assets were $2,603.6 million, with total net assets (equity) of $1,201.9 million[3]. - Total assets as of June 30, 2024, were $2,603,643, a decrease of 2.75% from $2,677,453 as of December 31, 2023[21]. - Total liabilities decreased to $1,401,767 as of June 30, 2024, down 5.32% from $1,480,894 as of December 31, 2023[21]. - Total debt as of June 30, 2024, was $1,375,823,000, down from $1,465,352,000 as of March 31, 2024[26]. Cash Flow and Expenses - Net cash provided by operating activities was $143,203,000 for the period ending June 30, 2024, compared to a net cash used of $(27,196,000) for the same period in 2023[24]. - Total operating expenses for the six months ended June 30, 2024, were $72,633, a decrease of 10.3% from $80,988 for the same period in 2023[22]. - Cash dividends/distributions paid were $(55,109,000) for the period ending June 30, 2024, compared to $(53,646,000) for the same period in 2023[24]. Debt and Equity - The debt-to-equity ratio improved to 1.14x from 1.21x in the previous quarter[3]. - Total net debt-to-equity ratio decreased to 1.07x as of June 30, 2024, from 1.17x as of March 31, 2024[26]. - Borrowings under credit facility decreased significantly to $350,823 as of June 30, 2024, from $719,914 as of December 31, 2023[21]. Market Performance - The weighted average yield on performing debt investments increased to 10.9% from 10.7% in the previous quarter[3]. - The company recorded net unrealized depreciation of $30.8 million during the quarter, primarily due to credit performance and market moves[8]. - Subsequent to June 30, 2024, Barings BDC made new commitments of approximately $55.9 million, with $45.6 million closed and funded[14].

simonkr/E+ via Getty Images In this article, we highlight our recent starter position in the Barings BDC (NYSE:BBDC). The company has a relatively high allocation to Equity securities. It is overweight in Tech, Healthcare and Finance sectors, fairly typical of the sector. BBDC trades at a 16% discount to book and a 10.9% dividend yield with a 11.6% net investment income yield. BBDC BDC Opportunity Categories Before delving into BBDC itself, it makes sense to review the different types of allocation opportun ...

Barings BDC, Inc. (NYSE:BBDC) Q1 2024 Earnings Conference Call May 8, 2024 9:00 AM ET Company Participants Joe Mazzoli - Head of Investor Relations Eric Lloyd - Chief Executive Officer Matt Freund - President Elizabeth Murray - Chief Financial Officer Bryan High - Head of Global Private Finance, and Portfolio Manager Conference Call Participants Finian O'Shea - Wells Fargo Kyle Joseph - Jefferies Robert Dodd - Raymond James Operator At this time, I would like to welcome everyone to the Barings BDC, Inc. Con ...

MAY 8, 2024 Barings BDC, Inc. First Quarter 2024 Earnings Presentation Disclaimers & Cautionary Notice Regarding Forward-Looking Statements Cautionary Notice: Certain statements contained in this presentation are "forward-looking" statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made and which reflect management's current estimates, projections, expectations or beliefs, and which are subject to risks and uncertai ...

Barings BDC (BBDC) came out with quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -6.67%. A quarter ago, it was expected that this business development company would post earnings of $0.30 per share when it actually produced earnings of $0.31, delivering a surprise of 3.33%.Over the last four quarte ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________________ Form 10-Q __________________________________________________________ (Mark One) ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 814-00733 ____ ...

Exhibit 99.1 BARINGS BDC, INC. REPORTS FIRST QUARTER 2024 RESULTS AND ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.26 PER SHARE CHARLOTTE, N.C., May 7, 2024 - Barings BDC, Inc. (NYSE: BBDC) ("Barings BDC" or the "Company") today reported its financial and operating results for the first quarter of 2024 and announced that the Company's Board of Directors (the "Board") declared a quarterly cash dividend of $0.26 per share. | --- | --- | --- | --- | --- | |----------------------------------------------------------- ...