N M F NEW MOUNTAIN FINANCE CORPORATION Q1 2021 Earnings Presentation May 6, 2021 Important Notices and Safe Harbor Statement This presentation contains forward looking statements, which are not guarantees of future performance, conditions or results, and involve substantial risks and uncertainties, including the impact of COVID-19 and related changes in base interest rates and significant volatility on our business, portfolio companies, our industry, and the global economy. All forward-looking statements in ...

Financial Performance - As of March 31, 2021, the company's net asset value was approximately $1,244.3 million, with a portfolio fair value of approximately $3,018.6 million across 102 portfolio companies [363]. - The weighted average yield to maturity at cost for income-producing investments was approximately 8.8%, while the yield for all investments was approximately 8.2% [363]. - A second quarter 2021 distribution of $0.30 per share was declared, payable on June 30, 2021 [368]. - The company plans to maintain quarterly distributions of at least $0.30 per share over the next seven quarters, subject to availability of legally distributable funds [369]. - The ongoing COVID-19 pandemic may negatively impact the company's operating results and portfolio companies, with potential for prolonged economic downturns affecting business operations [370]. - As of March 31, 2021, the company's net asset value has recovered compared to March 31, 2020, and is in compliance with asset coverage requirements under the 1940 Act [373]. - For the three months ended March 31, 2021, interest income was $1,966,000, down from $5,122,000 for the same period in 2020 [401]. - Total investment income for the three months ended March 31, 2021, was $1,977,000, compared to $5,161,000 in the prior year [401]. - The net increase in members' capital for the three months ended March 31, 2021, was $2,433,000, contrasting with a decrease of $36,150,000 in the same period of 2020 [401]. - Total investment income for the three months ended March 31, 2021, was approximately $67.7 million, a decrease of $6.4 million or 9% compared to the same period in 2020 [454]. - Total interest income decreased by approximately $14.6 million during the three months ended March 31, 2021, primarily due to lower LIBOR rates and smaller invested balances [454]. - Total dividend income increased to $15.7 million for the three months ended March 31, 2021, compared to $10.5 million in the same period in 2020, mainly due to the reversal of previously recorded PIK dividends [454]. Investment Portfolio - The company is focused on investing in defensive growth companies, with top industry concentrations in software, business services, healthcare services, education, and investment funds as of March 31, 2021 [362]. - The total investments as of March 31, 2021, amount to $3,018,612, with $1,576,600 in first lien, $696,209 in second lien, $37,295 in subordinated, and $708,508 in equity and other [385]. - The fair value of Level III investments as of March 31, 2021, is $2,640,571, with significant contributions from first lien ($1,499,850) and equity and other ($708,508) [385]. - The valuation of investments is influenced by the overall performance and financial stability of portfolio companies, including revenue and EBITDA growth trends [386]. - The company employs a multi-step valuation process for investments without readily available market quotations, involving internal reviews and potential engagement of independent valuation firms [381]. - The fair value measurement inputs are classified into three levels, with Level I including quoted prices in active markets, Level II including observable inputs, and Level III including unobservable inputs [381]. - The EBITDA multiple for first lien investments ranges from 5.0x to 35.0x, with a weighted average of 14.8x as of March 31, 2021 [389]. - The discount rate for first lien investments ranges from 4.8% to 18.4%, with a weighted average of 7.8% [389]. - The healthcare services sector represents a significant portion of the portfolio, with multiple investments including ADG, LLC and YI, LLC [409]. - The portfolio includes a mix of industries, with a focus on business services and healthcare services [409]. - As of March 31, 2021, total investments at fair value were $250,917, down from $271,149 as of December 31, 2020, reflecting a decrease of approximately 7.5% [415]. Debt and Financing - On April 20, 2021, the company amended its Holdings Credit Facility, extending the revolving period to April 20, 2024, with aggregate commitments of $730.0 million [364]. - The outstanding balance on the Holdings Credit Facility was $450.2 million as of March 31, 2021, with a maximum amount of revolving borrowings available of $745.0 million [466]. - Interest expense on the Holdings Credit Facility decreased to $2.7 million for the three months ended March 31, 2021, down from $5.4 million for the same period in 2020 [466]. - The NMFC Credit Facility had an outstanding balance of $107.0 million as of March 31, 2021, with a maximum amount of revolving borrowings available of $188.5 million [470]. - Interest expense on the NMFC Credit Facility decreased to $0.7 million for the three months ended March 31, 2021, compared to $1.9 million for the same period in 2020 [469]. - The DB Credit Facility had a maximum amount of revolving borrowings available of $280.0 million as of March 31, 2021 [472]. - The outstanding balance on the DB Credit Facility as of March 31, 2021, was $201.0 million, down from $244.0 million as of December 31, 2020, indicating a reduction of approximately 17.6% [475]. - The total amount of SBA-guaranteed debentures outstanding as of March 31, 2021, was $300.0 million, with an average interest rate of 2.7% [508]. - The company had outstanding commitments to fund investments totaling $100.3 million as of March 31, 2021, up from $73.1 million as of December 31, 2020 [509]. - The company’s total contractual obligations as of March 31, 2021, amounted to $1,770.9 million, with $953.4 million due within 1 to 3 years [512]. Management and Governance - The Investment Adviser agreed to waive a portion of the base management fee, capping it at 1.25% of gross assets through December 31, 2022 [367]. - The governance of SLP I changed with the Restated SLP I Agreement, which removed the previous managing member and established a board of members for investment decisions [391]. - The management evaluated the effectiveness of disclosure controls and procedures as of March 31, 2021, concluding they were effective [531]. - No changes in internal control over financial reporting were identified during the quarter ended March 31, 2021, that materially affected the internal control [532]. Distributions and Shareholder Returns - Distributions declared and paid to stockholders for the three months ended March 31, 2021 totaled approximately $29.0 million, with a per share amount of $0.30 [517]. - Total distributions for the years ended December 31, 2020 and December 31, 2019 were $120.1 million and $117.4 million, respectively, with ordinary income comprising approximately 84.58% and 72.01% of those distributions [517]. - The company intends to distribute approximately all of its net investment income on a quarterly basis and substantially all of its taxable income on an annual basis [518].

N M F NEW MOUNTAIN FINANCE CORPORATION Q4 2020 Earnings Presentation February 25, 2021 Important Notices and Safe Harbor Statement This presentation contains forward looking statements, which are not guarantees of future performance, conditions or results, and involve substantial risks and uncertainties, including the impact of COVID-19 and related changes in base interest rates and significant volatility on our business, portfolio companies, our industry, and the global economy. All forward-looking stateme ...

New Mountain Finance (NASDAQ:NMFC) Q4 2020 Earnings Conference Call February 25, 2021 10:00 AM ET Company Participants Robert Hamwee - Chief Executive Officer Shiraz Kajee - Chief Financial Officer Steven Klinsky - NMC Founder and Chief Executive Officer and Chairman of NMFC John Kline - President and Chief Operating Officer Conference Call Participants Finian O???Shea - Wells Fargo Securities Ryan Lynch - KBW Arthur Winston - Pilot Advisors Operator Good day and welcome to the New Mountain Finance Corporat ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________________________________ FORM 10-K ý Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2020 o Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number Exact name of registrant as specified in its charter, addresses of principal executiv ...

N M F NEW MOUNTAIN FINANCE CORPORATION Q3 2020 Earnings Presentation November 5, 2020 Important Notices and Safe Harbor Statement This presentation contains forward looking statements, which are not guarantees of future performance, conditions or results, and involve substantial risks and uncertainties, including the impact of COVID-19 and related changes in base interest rates and significant volatility on our business, portfolio companies, our industry, and the global economy. All forward-looking statemen ...

New Mountain Finance Corporation (NASDAQ:NMFC) Q3 2020 Results Conference Call November 5, 2020 11:00 AM ET Company Participants Robert Hamwee - Chief Executive Officer Shiraz Kajee - Chief Financial Officer Steven Klinsky - NMC Founder and Chief Executive Officer and Chairman of NMFC John Kline - President and Chief Operating Officer Conference Call Participants Bryce Rowe - National Securities Finian O???Shea - Wells Fargo Paul Johnson - KBW Arthur Winston - Pilot Advisors Operator Good day and welcome to ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ý Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarter Ended September 30, 2020 o Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number Exact name of registrant as specified in its charter, address of principal executive offices, telephone numbers and states or other jurisdictions of incorporation or organization I.R.S. ...

New Mountain Finance Corporation (NASDAQ:NMFC) Q2 2020 Earnings Conference Call August 6, 2020 10:00 AM ET Company Participants Rob Hamwee - Chief Executive Officer Adam Weinstein - Executive Vice President, Chief Administrative Officer and Director John Kline - President, Chief Operating Officer and Director Shiraz Kajee - Chief Financial Officer Conference Call Participants Bryce Rowe - National Securities Finian O???Shea - Wells Fargo Ryan Lynch - KBW George Bahamondes - Deutsche Bank Chris Kotowski - Op ...

N M F NEW MOUNTAIN FINANCE CORPORATION Q2 2020 Earnings Presentation August 6, 2020 Important Notices and Safe Harbor Statement This presentation contains forward looking statements, which are not guarantees of future performance, conditions or results, and involve substantial risks and uncertainties, including the impact of COVID-19 and related changes in base interest rates and significant volatility on our business, portfolio companies, our industry, and the global economy. All forward-looking statements ...