Beasley Broadcast Group, Inc. · NASDAQ:BBGI
Beasley Broadcast — Investor Presentation (November 2020)
15 slides from Beasley Broadcast's investor presentation, Nov 6, 2020
Slide 1: Obtaining Financing in Today's Changing Environment
ACCESS TO CAPITAL FCC 2020 FCC Advisory Committee on Diversity and Digital Empowerment Access to Capital Working Group OBTAINING FINANCING IN TODAY’S CHANGING ENVIRONMENT NOVEMBER 6, 2020 This presentation was developed by the Access to Capital Working Group of the Advisory Committee on Diversity an
Slide 2: Presenters
ACCESS TO CAPITAL FCC 2020 Open Captions would appear in this area Presenters • DuJuan McCoy, CEO Circle City Broadcasting • Ty Shea, CFO of Circle City Broadcasting • Garret Komjathy, Senior VP/Relationship Manager, U.S. Bank • Daniel Damon, Managing Director/Loan Capital Markets, U.S. Bank
Slide 3: Challenging Times Financing Options
ACCESS TO CAPITAL FCC 2020 Open Captions would appear in this area Challenging Times Financing Options • Email Questions to: [email protected] • NAB BROADCAST LEADERSHIP TRAINING PROGRAM (BLT) NABFOUNDATION.ORG
Slide 4: Challenging Times Financing Options
ACCESS TO CAPITAL FCC 2020 Open Captions would appear in this area Challenging Times Financing Options • Bayou City Broadcasting Purchase of 7 TV stations in January 2008 – DuJuan McCoy New Entrant into TV‐Case Study A. Financial Crisis of 2008 ‐Lending ceased similar to today COVID B. Seller Financ
Slide 5: Seller Financing Options
ACCESS TO CAPITAL FCC 2020 Open Captions would appear in this area Seller Financing Options A. Reasonable Terms 8‐12% Interest only loan B. Mutually Agreeable Maturity Date C. Loan amount payable via station cash flows D. Cash Down Payment (Skin in the game) ‐ Shows commitment
Slide 6: Seek Regional Community Bank for Loan
ACCESS TO CAPITAL FCC 2020 Open Captions would appear in this area Seek Regional Community Bank for Loan A. Community Banks Average Daily Deposits Important B. Can Listen to Radio Station or Watch TV Station in Community to See your results C. Real Estate or Assets as collateral help regional banks
Slide 7: SBA Backed Loans from Regional or Large Bank
ACCESS TO CAPITAL FCC 2020 Open Captions would appear in this area SBA Backed Loans from Regional or Large Bank A. Bank loans money‐ SBA insures the debt B. Must meet Banking Loan requirements C. Must meet SBA vetting requirements (7a)‐Clean Track Record with Government
Slide 8: SBA Backed Loans from Regional or Large Bank
ACCESS TO CAPITAL FCC 2020 Open Captions would appear in this area SBA Backed Loans from Regional or Large Bank D. Bank will assist borrower with loan process E. Low Interest loan 4‐7% range depending on timing F. Equity, Working Capital G. Great relationship with Government for future transactions
Slide 9: Paycheck Protection Loan
ACCESS TO CAPITAL FCC 2020 Open Captions would appear in this area Paycheck Protection Loan – Ty Shea A. Banking relationship B. Timing of forms and accurate information ‐ Financial statements • Early • Often • Detailed financials and employee count C. Process to get loan and communication D. Approv
Slide 10: Financing During Normal Times
ACCESS TO CAPITAL FCC 2020 Open Captions would appear in this area Financing During Normal Times Garret Komjathy and Dan Damon U.S. Bank A. Financing Provider • Broadcast lending is a very specialized lending area: it helps to have an “experienced” lender. • Do they know what they are doing? B. Equi
Slide 11: Financing During Normal Times
ACCESS TO CAPITAL FCC 2020 Open Captions would appear in this area Financing During Normal Times Garret Komjathy and Dan Damon U.S. Bank D. Multiple Markets • Diversified by market and geography E. Financial Projections • Five Years with detailed projection assumptions • Are they realistic and consi
Slide 12: Securing a Loan
ACCESS TO CAPITAL FCC 2020 Open Captions would appear in this area Securing a Loan A. Business Plan/Strategy – Description of markets, competitors, economic landscape and drivers B. Three years of audited financial statements C. Five years of Projections D. Equity Source • What is their experience?
Slide 13: Securing a Loan
ACCESS TO CAPITAL FCC 2020 Open Captions would appear in this area Securing a Loan G. Typical Facility Structure: • Revolving Credit Facility and Amortizing Term Loan (Term Loan A) • Typically 5‐year Tenor • Interest Rate • Principal Repayment • Fees (i.e. Arrangement Fees, Upfront Fees, etc.) • Fin
Slide 14: Access to Capital Subgroup Members
ACCESS TO CAPITAL FCC 2020 Access to Capital Subgroup Members: • Chair: DuJuan McCoy, CEO, Circle City Broadcasting • Garret Komjathy, SVP Media and Communications, US Bank • Steven Roberts, CEO of Roberts Communications
Slide 15: Questions & Answers
ACCESS TO CAPITAL FCC 2020 QUESTIONS & ANSWERS FCC Advisory Committee on Diversity and Digital Empowerment Access to Capital Working Group
Beasley Broadcast Group — Investor Presentation (November 2020) on 6ix