NYSE$BBDC

Barings Bdc Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported financial and operating results for the fourth quarter and full year of 2021.

Barings BDC reported a net investment income of $15.2 million, or $0.23 per share, and a net increase in net assets resulting from operations of $11.5 million, or $0.18 per share for Q4 2021. The company's NAV per share was $11.36 as of December 31, 2021.

  • Barings BDC continued to drive attractive investor returns across our wide frame of investment reference.
  • The company had meaningful capital deployments across its global franchise.
  • Barings BDC levered its balance sheet with further issuance of unsecured debt in anticipation of its close with Sierra Income Corporation.
  • The company experienced price appreciation across its cross platform investments.

Headline financials

Total Revenue

$36.6M

Previous: $19.9M+84.1%
EPS (adj)

$0.23

Previous: $0.19+21.1%
Weighted Average Yield on Performing Debt Investments

7.2%

Previous: 7.1%+1.4%
Debt-to-Equity Ratio

1.86

Previous: 1.32+40.9%
Net Debt-to-Equity Ratio

1.49

Previous: 1.04+43.3%
Net Income

$15.2M

Previous: $9.21M+64.7%
Operating Income

$15.2M

Previous: $9.28M+63.6%
Cash & Equivalents

$50M

Previous: $62.7M-20.2%
Total Assets

$2.16B

Previous: $1.68B+28.9%

Revenue & EPS history

Barings BDC · Revenue · Quarterly

$36.6M

Q4 2021+84.1%vs Q4 2020
Beat estimate in 6 of 13 quarters(46%)
ActualEstimate

Revenue by segment

Barings BDC · $32.1M total across 3 segments · Q1 2022

  • Non-Control / Non-Affiliate
    $31.6M
  • Control Investments
    $273K
  • Affiliate Investments
    $172K

Forward guidance

Barings BDC believes that it remains well capitalized, diversified, and well positioned to drive strong returns in 2022 across its global investment platform.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+1.3%

Avg return

Earnings day

+0.9%

Avg return

5 days after

-1.2%

Avg return

30 days after

71%

15 / 21 earnings

Positive

+6.0%

Q2 2024

Best reaction

-3.9%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.2%-3.2%-6.2%
Q4 2025+0.9%-2.3%-10.5%
Q3 2025-0.7%-1.5%-2.1%
Q1 2025+1.0%+3.1%+3.3%
Q4 2024+2.7%-3.0%-8.7%
Q3 2024+3.1%+2.7%+2.7%
Q2 2024+6.0%+3.7%+3.5%
Q1 2024-1.9%+0.9%+2.2%
Q4 2023+5.8%+8.6%-0.8%
Q3 2023-3.9%-3.8%-6.2%
Q2 2023+5.8%+7.1%+5.1%
Q1 2023-2.4%-3.2%+7.1%
Q4 2022+0.3%+0.7%-9.9%
Q3 2022+2.9%+1.1%-3.1%
Q2 2022+2.1%+2.7%-5.0%
Q1 2022+1.5%+0.4%+1.1%
Q4 2021+0.6%+0.8%-3.3%
Q3 2021+0.7%+0.0%-4.6%
Q2 2021+2.7%+2.9%+3.5%
Q1 2021+1.3%+0.4%+3.2%
Q4 2020-0.2%+0.9%+3.8%

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