Financing the Growth of Tomorrow's Companies Today Q1 2022 INVESTOR PRESENTATION May 5, 2022 | --- | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Hercules Capital, Inc. (NYSE:HTGC) Q1 2022 Earnings Conference Call May 5, 2022 5:00 PM ET Company Participants Michael Hara – Investor Relations and Corporate Communications Scott Bluestein – Chief Executive Officer and Chief Investment Officer Seth Meyer – Chief Financial Officer Conference Call Participants Crispin Love – Piper Sander Kevin F – JMP Finian O’Shea – Wells Fargo John Hecht – Jefferies Ryan Lynch – KBW Operator Good day, and thank you for standing by. Welcome to the Hercules Capital Q1 2022 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Quarterly Period Ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 814-00702 HERCULES CAPITAL, INC. (Exact Name of Registrant as Specified in its Charter) Maryland 74-3113410 (State or Jurisdiction of Incorporation or Organization) 40 ...

Hercules Capital, Inc. (NYSE:HTGC) Q4 2021 Results Conference Call February 22, 2022 5:00 PM ET Company Participants Michael Hara - Managing Director, IR Scott Bluestein - CEO and CIO Seth Meyer - CFO Conference Call Participants Crispin Love - Piper Sander Kevin Fultz - JMP Securities Finian O'Shea - Wells Fargo Securities Christopher Nolan - Ladenburg Thalman Kenneth Lee - RBC Capital Markets Ryan Lynch - KBW Casey Alexander - Compass Point Operator Thank you for standing by, and welcome to Hercules Capit ...

(Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 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 No. 814-00702 HERCULES CAPITAL, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Exact name of Registrant as specified in its charter) Maryland 74-3113410 (State or other jurisdiction of in ...

Financial Performance Highlights - Net Investment Income (NII) reached $38.1 million[8] - Total Investment Income amounted to $70.2 million[10] - The effective yield on investments stood at 12.7%[20] - The company's Net Interest Margin (NIM) was 9.2%[16] Portfolio and Investment Activity - Total debt investments at cost were $2.26 billion[17] - Total investments at cost reached $2.43 billion[19] - Gross debt & equity fundings totaled $431.1 million[26] - Available liquidity was $818.4 million[27] Shareholder Returns and Capitalization - Annualized Dividend Yield was 7.9% as of September 30, 2021[6] - 1YR/3YR/5YR Total Shareholder Returns were 54.6%/55.2%/69.0% respectively[12]

Hercules Capital, Inc. (NYSE:HTGC) Q3 2021 Earnings Conference Call October 28, 2021 5:00 PM ET Company Participants Michael Hara - Managing Director, IR Scott Bluestein - CEO and CIO Seth Meyer - CFO Conference Call Participants Crispin Love - Piper Sandler Kevin Fultz - JMP Securities Christopher Nolan - Ladenburg Thalmann Sarkis Sherbetchyan - B. Riley Securities Ryan Lynch - KBW Finian O'Shea - Wells Fargo Securities Operator Ladies and gentlemen, thank you for standing by, and welcome to the Hercules C ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q HERCULES CAPITAL, INC. (Exact Name of Registrant as Specified in its Charter) Maryland 74-3113410 (State or Jurisdiction of Incorporation or Organization) 400 Hamilton Ave., Suite 310 Palo Alto, California (Address of Principal Executive Offices) (IRS Employer Identification Number) (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Quarterly Period Ended September 30, 20 ...

July 29, 2021 SECOND QUARTER 2021 INVESTOR PRESENTATION Financing the Growth of Tomorrow's Companies TodayTM IMPORTANT NOTICE: FORWARD LOOKING STATEMENTS This presentation may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. You should understand that under Section 27A(b)(2)(B) of the Securities Act of 1933, as amended, and Section 21E(b)(2)(B) of the Securities Exchange Act of 1934, as amended, or the Exchange Act, the "safe harbor" provisions ...

Financial Data and Key Metrics Changes - In Q2 2021, Hercules Capital generated total investment income of $69.6 million and net investment income of $37 million, or $0.32 per share, reflecting an increase from the previous quarter due to higher fee income [17][31] - The net asset value (NAV) per share increased by over 3% to $11.71, the highest since Q3 2008, driven by strong portfolio performance and equity capital markets [22][36] - The company reported net realized losses of $14.3 million, primarily due to the write-off of a legacy equity investment, but recorded gross realized gains of $47.9 million from equity and warrant sales [21][90] Business Line Data and Key Metrics Changes - Hercules originated over $440 million in gross new debt and equity commitments in Q2, with total fundings exceeding $278 million, establishing a record for the first half of the year with over $970 million in commitments [10][12] - The investment team maintained strong performance across technology and life sciences sectors, with a balanced approach providing a competitive advantage [11] Market Data and Key Metrics Changes - The venture capital ecosystem showed exceptional strength, with $74.1 billion raised and over $150 billion invested in the US during the first half of 2021, compared to $81 billion and $164.3 billion for all of 2020 [24] - The company noted an abundance of liquidity in the market, which has created challenges in prudent new business origination [11][110] Company Strategy and Development Direction - Hercules Capital emphasized a disciplined approach to underwriting, aiming to maintain a strong balance sheet and operational flexibility while navigating market challenges [9][12] - The company plans to continue investing in its team and infrastructure to position itself for long-term success, with a focus on optimizing its balance sheet and reducing overall cost of debt capital [23][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the portfolio and the overall market, expecting elevated prepayment activity in Q3 between $200 million and $250 million [15][101] - The company anticipates a record year for new debt and equity commitments in 2021, supported by a robust pipeline exceeding $1 billion [13][44] Other Important Information - Hercules declared its 10th consecutive quarterly cash distribution of $0.32 per share, along with a supplemental distribution of $0.07 per share, marking a 22% increase in distributions year-to-date compared to the previous year [25] - The company reported a weighted average internal credit rating of 1.93, the strongest in its history, indicating improved credit quality in its debt investment portfolio [18][19] Q&A Session Summary Question: Plans for the record spillover of $160 million - Management highlighted the flexibility provided by the spillover for future investments and distribution policy evaluations [47][49] Question: Factors driving elevated prepayments in Q3 - Management noted the strong performance and capitalization of portfolio companies, with several pending IPOs and M&A events expected to contribute to prepayments [51][55] Question: Satisfaction with the private credit fund - Management expressed satisfaction with the private credit fund's performance, noting it has allowed for larger transactions and increased opportunities [58][59] Question: Funding mix and balance sheet optimization - Management indicated a balanced funding mix between technology and life sciences, with ongoing efforts to optimize the balance sheet [71][70] Question: Impact of abundant capital on origination - Management acknowledged the challenges posed by abundant capital but emphasized their commitment to disciplined underwriting practices [110][113]