OHA Investment — NGP Capital Resources — EnerCom - The Oil & Gas Conference 2011
16 slides from OHA Investment's conference presentation, Aug 17, 2011
Slide 1: Growth Capital for the Energy Industry
NGP Capital Resources Company (NASDAQ: NGPC) NGPC Growth Capital for the Energy Industry an affiliate of NGP ENERGY CAPITAL MANAGEMENT EnerCom - The Oil & Gas Conference 2011
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation may contain forward-looking statements. These forward-looking statements are subject to various risks and uncertainties, which could cause actual results and conditions to differ materially from those projected, including the uncertainties associated with
Slide 3: Agenda
Agenda Company Overview Investment Criteria Portfolio Highlights Partnering with NGPC NGPC NGP Capital Resources Company Page 3 an affiliate of NGP ENERGY CAPITAL MANAGEMENT
Slide 4: Company Overview: Description and Brief History
Company Overview Description and Brief History Publicly-traded business development company specializing in debt and equity investments in the energy industry Established in November 2004 as an affiliate of NGP Energy Capital Management, a $9.5 billion energy and natural resources focused investment
Slide 5: Company Overview: Governance Structure
Company Overview Governance Structure Investment Committee Officers & Employees Ken Hersh (NGP ECM) Billy Quinn (NGP ECM) Dick Covington (NGP ECM) Steve Gardner Kelly Plato Steve Gardner Kelly Plato Scott Biar 14 Employees NGP Investment Adviser, LP Board of Directors Ken Hersh (NGP ECM) David Albin
Slide 6: Company Overview: Investment Thesis
Company Overview Investment Thesis The energy industry requires constant investment to maintain and grow capacity Equity 30%+ NGPC offers investors the opportunity to participate in this sector via a liquid investment with an efficient tax structure that provides yield and total return Risk Reward S
Slide 7: Agenda
Agenda Company Overview Investment Criteria Portfolio Highlights Partnering with NGPC NGPC NGP Capital Resources Company Page 7 an affiliate of NGP ENERGY CAPITAL MANAGEMENT
Slide 8: Investment Criteria: Key Metrics and Business Characteristics
Investment Criteria Key Metrics and Business Characteristics Structure: Debt and/or equity (equity in conjunction with debt) - Often a loan with equity kickers; high single-digit to low-teens coupon rate Target Market: Small to mid-sized private and public energy companies with a market capitalizati
Slide 9: Investment Criteria: Key Metrics and Business Characteristics (cont.)
Investment Criteria Key Metrics and Business Characteristics (cont.) Geography: North American focus / U.S. based headquarters - Company can have international assets / operations Transaction Size: $5-$100 million Target Size: $10-$45 million Investment Management Team: - Proven energy track record
Slide 10: Investment Criteria: Customized Financing Solutions
Investment Criteria Customized Financing Solutions Senior Debt 2nd Lien Debt Subordinated Debt 1st Lien Stretch Sr. / Sub. Combined Project Finance Convertible Debt Mezzanine Capital (1) Includes overriding royalty interests, warrants, and similar securities. Preferred Equity Convertible Preferred C
Slide 11: Investment Criteria: Capital for a Broad Range of Purposes
Investment Criteria Capital for a Broad Range of Purposes Our financings enable companies to develop their assets, accelerate their growth, and position themselves for other capital markets activities NGPC NGP Capital Resources Company Page 11 an affiliate of NGP ENERGY CAPITAL MANAGEMENT
Slide 12: Agenda
Agenda Company Overview Investment Criteria Portfolio Highlights Partnering with NGPC NGPC NGP Capital Resources Company Page 12 an affiliate of NGP ENERGY CAPITAL MANAGEMENT
Slide 13: Portfolio Highlights: Sector Diversification and Flexible Structure
Portfolio Highlights Sector Diversification and Flexible Structure Weighted average yield on targeted investments (exclusive of capital gains) is approximately 9.1% (1) Sector Breakdown (2)(3) Structure Breakdown (2)(3) (1) As of 6/30/11. (2) As of 8/11. (3) Sector breakdown is based on amount outst
Slide 14: Agenda
Agenda Company Overview Investment Criteria Portfolio Highlights Partnering with NGPC NGPC NGP Capital Resources Company Page 14 an affiliate of NGP ENERGY CAPITAL MANAGEMENT
Slide 15: Why Partner with NGPC?
Partnering with NGPC Why Partner with NGPC? Actively seeking to deploy $140 million of permanent and established capital Long-term capital partner Depth of energy, engineering, and financial experience and expertise Customized financing solutions - "One-Stop Shop" Pricing and structure tailored to t
Slide 16: Investment Team Contact Information
Partnering with NGPC Investment Team Contact Information Steve Chief Executive Office: (713) 425-7723 Gardner Email: [email protected] Officer and President R. Kelly Chief Investment Office: (713) 425-7742 Plato Email: [email protected] Officer Director Dan Schockling Office: (713) 425-7726 NGP Ca
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