Runway Growth Finance : RWAY 1Q25 Investor Presentation (05 12 25) vF

Published: 2025-05-12 16:17:15 ET RWAY

Published on 05/12/2025 at 16:17

First Quarter 2025 Investor Presentation

NASDAQ Listed I RWAY I RWAYL I RWAYZ

May 2025

The Runway Difference

Scaled Credit

Platform

Robust Solution Set

Established Track Record

Credit-first Underwriting

Strong, Stable

Returns

Low Loss

Rate

Attractive Yield with Potential Equity Upside

Industry Leading Loss Rates

Strong & Experienced Team

Dry Powder for Portfolio Expansion

High dividend yield with potential for capital growth relative to industry peers

Attractive dividend yield with potential for equity upside with narrowing of Price/NAV discount

Disciplined investment approach has kept our annualized loss rate at 7 bps, which has historically been offset by ongoing realized gains on warrant and equity investments

We are proud of our low loss rates - 56 bps cumulative net loss rate1 since inception and maintaining this standing is our primary focus

Senior executive team has average of 30+ years of experience

Demonstrated by 28 consecutive quarterly distributions since inception

Expansive network of contacts within the venture capital industry across equity providers, lenders, advisers, etc.

Relatively low leverage ratio provides dry powder for growth

Non-sponsored deals provide unique portfolio expansion opportunity, facing less competition and favorable terms

RUNWAY GROWTH FINANCE CORP. 1. Cumulative Net Loss Rate based on commitments as of 3/31/2025 © Runway Growth Capital LLC 2025 | 3

Our investment adviser's transaction with the BC Partners platform enables us to capture a larger portion of the venture growth ecosystem by providing a full-service credit platform of best-in-class financing solutions with the capability to move across the entire borrower value chain.

Middle Market Buyout-Oriented Stages

Venture / Growth Ecosystem-Oriented Stages of Development

Seed

Early-Stage

Late-Stage

Venture-

Lower Middle

Core Middle

Upper Middle

Venture

Growth Stage

Market

Fully Scaled Platform

Combined Platform AUM3

~$10B

Over 2x the closest standalone venture debt peer

Global Investment Exposure

8 Offices

Across US, UK, and Canada

Combined Team of

165 Professionals2

Across BC Partners

and Runway Growth Capital LLC

Disciplined Venture Debt Manager

* Stats pertain to Runway Growth Finance Corp.

Funded Capital

$2.5B

Across 87 Investments (Since Inception)

Weighted Average Runway Borrower LTV

20.9%

At Origination

Runway Loss Rates3

Gross: 0.92% | Net: 0.56%

Across 87 Investments (Since Inception)

RUNWAY GROWTH FINANCE CORP.

Data as of 3/31/2025

Includes 135 additional investment professionals from BC Partners following the acquisition of Runway Growth Capital LLC by BC Partners on January 30, 2025

Cumulative gross and net loss rates based on cumulative commitments as of 3/31/2025

RUNWAY GROWTH FINANCE CORP. 5

Disclaimer

Runway Growth Finance Corporation published this content on May 12, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 12, 2025 at 20:16 UTC.