Eagle Point Credit Company · NYSE:ECC
Eagle Point Credit — Q1 2026 Earnings Presentation
41 slides from Eagle Point Credit's earnings presentation, May 19, 2026
Slide 1: Eagle Point Credit Company Quarterly Update Q1 2026
Eagle Point Credit Company QUARTERLY UPDATE – Q1 2026 May 19, 2026 1
Slide 2: Important Information
Important Information This presentation and the information and views included herein do not constitute investment advice, or a recommendation or an offer to enter into any transaction with Eagle Point Credit Company Inc. (“ECC” or the “Company”) or any of its affiliates. This presentation is provid
Slide 3: Table of Contents
Table of Contents 1. Introduction to Eagle Point Credit Company (ECC) 2. CLO Equity Overview 3. ECC Supplemental Information 4. Selected Market Data 5. Appendix: Endnotes 3
Slide 4: Introduction to Eagle Point Credit Company (ECC)
Introduction to Eagle Point Credit Company (ECC) 4
Slide 5: Company and Adviser Overview
Introduction to ECC Company and Adviser Overview The Company: Eagle Point Credit Company Inc. (ECC) IPO Date October 7, 2014 Primary Investment To generate high current income by investing primarily in equity and junior debt tranches of Objective collateralized loan obligations, or “CLOs” Total
Slide 6: ECC Highlights
Introduction to ECC ECC Highlights The S&P UBS Leveraged Loan Index has generated positive total returns in 31 of the CLO Equity is an past 34 full calendar years5 Attractive Asset Class Eagle Point believes CLO equity provides an attractive way to obtain exposure to senior secured loans Eagle
Slide 7: Private Equity Approach to Fixed Income Investing
Introduction to ECC Private Equity Approach to Fixed Income Investing Eagle Point employs a process that we believe is more akin to a private equity-style investment approach than the typical process used by many investors in fixed income securities Proactive sourcing of investment opportunities
Slide 8: Senior Investment Team
Introduction to ECC Senior Investment Team THOMAS MAJEWSKI DANIEL KO DANIEL SPINNER Managing Partner – Portfolio Manager – Portfolio Manager – Lead Portfolio Manager CLO Equity / Debt Defensive Income 31 Years of Experience 20 Years of Experience 30 Years of Experience Direct experience in the credi
Slide 9: Cumulative Common Stock Distributions
Introduction to ECC Cumulative Common Stock Distributions ECC currently pays a monthly regular distribution of $0.06 per share7 ECC Cumulative Distributions Per Share8 $30 IPO Price: $20.00 $24.01 $25 $23.59 $21.91 $19.99 $20 $18.13 $15.76 $15 $14.12 $12.80 $10.40 $10 $8.00 $4.75 $5 $2.35 $0 2015 20
Slide 10: Securities Outstanding
Introduction to ECC Securities Outstanding Adviser and Senior Investment Team have approximately $6.6 million invested in ECC, ECCC and 6 ECC AA Common Stock Preferred Stock and Unsecured Notes NYSE Ticker / Series NYSE Ticker ECC ECCC ECC AA/AB ECC PRD ECCU ECCV Name Series C Term Preferred Series
Slide 11: Track Record: Common Stock Total Return and Price to Book Ratio
Introduction to ECC Track Record: Common Stock Total Return and Price to Book Ratio For the period of October 7, 2014 – April 30, 2026: ECC generated a total return10 of 44.41% versus 115.46% for the S&P BDC Index11 (annualized net total return of 3.23% for ECC versus 6.86% for the S&P BDC Index)
Slide 12: ECC By The Numbers
Introduction to ECC ECC By The Numbers 17.6% 260 $0.06 Current Distribution Rate2 Number of Resets, Refis, Monthly Distribution2 Re-Pricings and Calls13 21 95.4% 1,841 Average Years of CLO Experience Exposure to Floating Rate Number of Underlying of Senior Investment Team Senior Secured Loans Loan O
Slide 13: CLO Equity Overview
CLO Equity Overview 13
Slide 14: Why Invest in CLO Equity?
CLO Equity Overview Why Invest in CLO Equity? Eagle Point believes that CLO equity provides an attractive way to obtain exposure to loans CLO Equity Attributes Potential for strong absolute and risk-adjusted returns Expected shorter duration high-yielding credit investment with potential for hig
Slide 15: CLOs are Securitizations of a Portfolio of Senior Secured Loans
CLO Equity Overview CLOs are Securitizations of a Portfolio of Senior Secured Loans The Company invests primarily in the equity and subordinated debt tranches Assets Liabilities + Equity Key CLO Structural Features Senior Debt Typically AAA rated 1. Actively managed Primarily portfolio Portfolio of
Slide 16: Senior Secured Loans are the Raw Materials of CLOs
CLO Equity Overview Senior Secured Loans are the Raw Materials of CLOs Senior Secured Loans Represent “Pure” Credit Exposure Illustrative Underlying Loan Obligors In CLOs5 Senior Senior position in a company’s capital structure Secured First lien security interest in a company’s assets Floating Rate
Slide 17: The CLO Market is Large and Important to the Loan Market
CLO Equity Overview The CLO Market is Large and Important to the Loan Market The CLO market is the largest source of capital for the US senior secured loan market7 US Leveraged Loans Outstanding7 US CLOs Outstanding8 CLOs Outstanding ($B) CLO Count (#) $1,700 $1,549 $1,531 $1,300 $1,175 $1,190 Lever
Slide 18: Positive Loan Market Track Record
CLO Equity Overview Positive Loan Market Track Record From 1992 through 2025, the S&P UBS Leveraged Loan Index generated positive total returns in 31 of the 34 full calendar years S&P UBS Leveraged Loan Index Annual Total Return11 60% 44.9% Annualized Return: 5.7% 40% 13.0% 11.2% 11.0% 10.3% 20% 10.
Slide 19: Loan Market Repayment Rate
CLO Equity Overview Loan Market Repayment Rate Loan repayments provide capital for reinvestment within CLOs Annual Repayment Rate Annual Repayment Rate Average 60% 56.4% Average: 48.9% 48.2% 30.5% 46.9% 44.7% 40.1% 40% 38.7% 38.1% 37.3% 29.6% 30.0% 26.9% 27.6% 27.9% 23.6% 24.1% Cumulative 21.7% 21.1
Slide 20: ECC Supplemental Information
ECC Supplemental Information 20
Slide 21: Quarterly Snapshot Trend
ECC Supplemental Information1 Quarterly Snapshot Trend Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 (Figures below are in millions, except for per share amounts and shares outstanding) Distributions Received From CLO Equity2,3 $61.88 $74.48 $66.79 $74.66 $72.19 Distributions Received From Other Investmen
Slide 22: Income Statement and Balance Sheet Highlights
ECC Supplemental Information1 Income Statement and Balance Sheet Highlights Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 GAAP Net Investment Income ("NII") before Non-Recurring Expenses2 $0.20 $0.23 $0.24 $0.23 $0.28 GAAP Realized Gain/(Loss) from Investments2 (0.06) (0.49) (0.08) (0.07) 0.05 Total GAAP
Slide 23: Distribution and Expense Coverage
ECC Supplemental Information1 Distribution and Expense Coverage ECC Portfolio Recurring Cash Flows2 $1.40 $1.20 Cash Distributions Received3 $1.00 $0.69 $0.69 $0.08 Recurring Portfolio $0.08 $0.08 $0.59 $0.61 $0.80 $0.19 $0.19 $0.19 $0.19 $0.47 $0.60 $0.16 $0.42 $0.42 $0.42 $0.40 $0.42 $0.42 $0.20 $
Slide 24: Portfolio Investments and Underlying Portfolio Characteristics
ECC Supplemental Information Portfolio Investments and Underlying Portfolio Characteristics As of March 31, 2026, ECC’s portfolio was invested across 186 CLO investments Summary of ECC’s Summary of Underlying Portfolio Characteristics5 Portfolio of Investments4 Q1 Q4 Q3 Q2 Q1 2026 2025 2025 2025 202
Slide 25: Obligor and Industry Exposures
ECC Supplemental Information Obligor and Industry Exposures As of March 31, 2026, ECC has exposure to 1,841 unique underlying borrowers across a range of industries Top 10 Underlying Obligors5 Top 10 Industries of Underlying Obligors5,8 Obligor % Total Industry % Total Transdigm 0.6% Technology: Sof
Slide 26: Maturity Distribution of Underlying Obligors
ECC Supplemental Information Maturity Distribution of Underlying Obligors Maturity Distribution of Underlying Obligors as of March 31, 20265 40% 35% 30% 29.2% 25% % of Fund Exposure 22.8% 20% Prior to 2028, only 2.3% of ECC’s underlying loan portfolios mature 14.8% 15% 13.6% 12.3% 10% 4.9% 5% 2.1% 0
Slide 27: Selected Market Data
Selected Market Data 27
Slide 28: Credit Fundamentals: Leverage Multiples
2006 4.4x 2006 4.7x 2007 4.9x 2007 4.7x 2008 3.7x 2008 5.0x FLD/EBITDA 2009 4.1x 2009 4.8x 2010 3.9x 2010 4.9x 2011 4.4x 2011 4.9x 2012 4.6x 2012 5.3x Credit Fundamentals 2013 4.7x 2013 5.4x SLD/EBITDA 2014 4.9x 2014 5.5x 2015 5.3x 2015 5.1x Source: Pitchbook LCD. As of December 31, 2025. 2016 5.0x
Slide 29: Credit Fundamentals: Revenue and EBITDA Growth
2Q13 6.1% 2Q13 9.3% 3Q13 6.8% 3Q13 11.0% 4Q13 8.8% 4Q13 13.5% 1Q14 7.1% 1Q14 16.3% 2Q14 8.8% 2Q14 12.4% 3Q14 9.5% 3Q14 12.5% 4Q14 10.2% 4Q14 13.6% 1Q15 5.8% 1Q15 10.3% 2Q15 7.1% 2Q15 6.3% Credit Fundamentals 3Q15 6.2% 3Q15 3.9% 4Q15 7.0% 4Q15 5.4% 1Q16 7.1% 1Q16 4.8% Source: Pitchbook LCD. As of Dec
Slide 30: Liquidity Considerations
Selected Market Data Liquidity Considerations Secondary trading is conducted through BWICs (“Bids Wanted in Competition”) and privately negotiated sales CLO debt and equity tranches typically settle electronically via DTC and trade on a T+1 basis Annual CLO Trading Volume $200.4 $200.4 $202.0 $2
Slide 31: Appendix: Endnotes
t EAGLE POINT CREDIT COMPANY Appendix: Endnotes
Slide 32: Endnotes: Company and Adviser Overview
Appendix: Endnotes Introduction to Eagle Point Credit Company (ECC) Company and Adviser Overview 1. Combined market capitalization of ECC, ECCC, ECC PRD, ECCU, ECCV, ECCW and ECCX is based on securities outstanding as of March 31, 2026 and closing market prices as of April 30, 2026. Market capitaliz
Slide 33: Endnotes: Securities Outstanding and Track Record
Appendix: Endnotes Introduction to Eagle Point Credit Company (ECC) Securities Outstanding 9. Reflects securities outstanding as of March 31, 2026, after giving effect to the full redemptions of the 6.75 Notes due 2031 and 6.6875% Notes due 2028, and market prices as of April 30, 2026. Yield is show
Slide 34: Endnotes: Why Invest in CLO Equity
Appendix: Endnotes CLO Equity Overview Why Invest in CLO Equity? 1. The Adviser expects CLO equity to provide some measure of protection against rising interest rates when the applicable benchmark rate is greater than the benchmark rate floor on a CLO’s underlying assets (which can typically range f
Slide 35: Endnotes: Senior Secured Loans
Appendix: Endnotes CLO Equity Overview Senior Secured Loans are the Raw Materials of CLOs 3. The Adviser expects CLO equity to provide some measure of protection against rising interest rates when the applicable benchmark rate is greater than the benchmark rate floor on a CLO’s underlying assets (wh
Slide 36: Endnotes: Quarterly Snapshot Trend
Appendix: Endnotes ECC Supplemental Information Quarterly Snapshot Trend 1. The information contained herein is unaudited. The information shown is derived from the Company’s 2025 Annual Report, 2025 Semiannual Report, interim quarterly unaudited financial statements and/or other related financial i
Slide 37: Endnotes: Income Statement and Balance Sheet Highlights
Appendix: Endnotes ECC Supplemental Information Income Statement and Balance Sheet Highlights 1. The information contained herein is unaudited. The information shown is derived from the Company’s 2025 Annual Report, 2025 Semiannual Report, interim quarterly unaudited financial statements and/or othe
Slide 38: Endnotes: Distribution and Expense Coverage
Appendix: Endnotes ECC Supplemental Information Distribution and Expense Coverage 1. The information contained herein is unaudited. The information shown is derived from the Company’s 2025 Annual Report, 2025 Semiannual Report, interim quarterly unaudited financial statements and/or other related fi
Slide 39: Endnotes: Portfolio Characteristics and Maturity Distribution
Appendix: Endnotes ECC Supplemental Information Portfolio Investments and Underlying Portfolio Characteristics and Maturity Distribution of Underlying Obligors 4. The summary of portfolio investments and cash shown is based on the estimated fair value of the underlying positions and cash net of pend
Slide 40: Endnotes: Selected Market Data
Appendix: Endnotes Selected Market Data Credit Fundamentals 1. Data based on the average annual revenue and EBITDA change (YoY) for public issuers within the Morningstar LSTA US Leveraged Loan Index. As of December 31, 2025, this included approximately $190 billion of outstanding loans. The Mornings
Slide 41: Eagle Point Credit Company Inc. contact details
Eagle Point Credit Company Inc. 600 Steamboat Road, Suite 202 Greenwich, CT 06830 www.EaglePointCreditCompany.com Investor and Media Relations: Prosek Partners IR@eaglepointcredit.com (203) 340-8510 STRICTLY CONFIDENTIAL FOR INSTITUTIONAL INVESTORS ONLY – NOT FOR USE WITH RETAIL INVESTORS 41
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