Ofs Capital Corporation · NASDAQ:OFS
Ofs Capital — Q2 2025 Earnings Presentation
18 slides from Ofs Capital's earnings presentation, Aug 1, 2025
Slide 1: OFS Capital Corporation Investor Presentation
OFS Capital Corporation Investor Presentation Nasdaq: OFS (common stock) Nasdaq: OFSSH (unsecured notes) PAR $25 4.95% Notes due 2028 Nasdaq: OFSSO (unsecured notes) PAR $25 7.50% Notes due 2028 August 2025 Institutional Notes (unsecured notes): PAR $2,000 4.75% Notes due 2026 www.ofscapital.com | ©
Slide 2: Important Disclosures
Important Disclosures This presentation contains "forward looking statements" that are subject to risks and uncertainties. Forward-looking statements can be identified by terminology such as “anticipate,” “believe,” “could,” “could increase the likelihood,” “estimate,” “expect,” “intend,” “is planne
Slide 3: OFS Capital Corporation (NASDAQ: OFS)
OFS Capital Corporation (NASDAQ: OFS) Overview » OFS Capital is a Nasdaq-listed BDC, primarily focused on lending to U.S. middle market companies » Raised ~$100 million in 2012 IPO in addition to ~$43 million contribution from adviser, OFS Capital 1 History Management » Raised $53 million in 2017 eq
Slide 4: Second Quarter 2025 Highlights
Second Quarter 2025 Highlights » Net investment income for the second quarter of 2025 was $0.25 per share, a decrease of $0.01 per share compared to the prior quarter, primarily due to an increase in total expenses outpacing a smaller increase in total investment income. » Net loss on investments fo
Slide 5: OFS Capital Corporation (NASDAQ: OFS)
OFS Capital Corporation (NASDAQ: OFS) » Access to Infrastructure and Resources of Large Platform 1 - OFS benefits from shared services provided by CIM Group - owners and operators of $29.9 billion of assets 2, 3 - OFS Capital Management has $4.1 billion in Assets Under Management (“AUM”) 3 - Insider
Slide 6: Access to Infrastructure and Resources of Large Platform
1 Access to Infrastructure and Resources of Large Platform » OFS is part of a group of affiliated firms controlled by Richard Ressler that own, operate and manage approximately $34 billion of real assets and corporate credit 2 » Since 1994, OFS Capital Management has invested approximately $26 billi
Slide 7: Access to Infrastructure and Resources of Large Platform
Access to Infrastructure and Resources of Large Platform » Investing across the U.S. corporate loan market » Seasoned investment team with diverse skill set - dedicated industry analysts and loan and CLO structuring expertise $4.1 Billion 1 Assets Under Management 50+ Professionals Middle Market Len
Slide 8: Quality Origination, Underwriting and Monitoring Process
Quality Origination, Underwriting and Monitoring Process Proprietary Loan Origination Capabilities Driven by Deep Relationships Across the Middle Market » National footprint with offices in Chicago, New York and Los Angeles » Long-standing relationships with financial sponsors, intermediaries, and b
Slide 9: Strong Performance Track Record
Strong Performance Track Record » Since inception, OFS Capital has incurred an annualized net realized loss rate of approximately 0.24% (cumulative net realized losses of ~3.5%)1 Cumulative Investments, 1, 2, 3 Net Realized Gain (Loss) since 2011 (dollars in millions; excludes Interest and fee Incom
Slide 10: Strong Performance Track Record
Strong Performance Track Record 1 1, 2 NAV Per Share + Cumulative Distributions OFS Capital Historical Performance Total return compared with industry 28 100% IPO Price: 90% $15.00 24 80% 20 70% (NAV + distribution) 60% Total Return 16 50% 12 40% 30% 8 20% 4 10% 0 —% Trailing Trailing Trailing Trail
Slide 11: Senior Secured Focused Portfolio
1 Senior Secured Focused Portfolio 2 » 100% of the loan portfolio and ~55% of all investments are deployed in senior secured loans with strong structural protections. » While we primarily invest in senior secured loans, our investment strategy allows us to invest in equity securities and structured
Slide 12: Senior Secured Focused Portfolio (cont'd)
Senior Secured Focused Portfolio (cont’d) 1 » $310 million invested in portfolio companies 1 » 45 portfolio companies / ~$6.9 million average investment » No material exposure to cyclical sectors (no direct oil and gas exposure) 1, 2 Portfolio Company Investments Diversified & Senior Focused 2.7% 1.
Slide 13: Debt Capital Summary as of June 30, 2025
Debt Capital Summary as of June 30, 2025 Debt Outstanding Undrawn Stated Early Redemption 1 Funding ($ in millions) Commitment Par Commitment Maturity Date Coupon Bank Facilities: 2, 3 Banc of California Facility $ 25.0 $ — $ 25.0 Feb-26 N/A N/A 3, 4 BNP Paribas Bank Facility 150.0 63.4 86.6 Jun-27
Slide 14: Appendices
Appendices www.ofscapital.com | ©2024 www.cimgroup.com | OFS Capital ©2018 CIMCorporation Group | T R A D E S E C R E T / C O N F I D E N T I A L I N F O R M A T I O N
Slide 15: Experienced Leadership of OFS Capital Management
Experienced Leadership of OFS Capital Management » Experienced management team that has underwritten through multiple business cycles 1, 2 » Well-aligned with approximately 23% insider ownership vs. BDC sector median of 2% » Founder and President of Orchard Capital Corporation, a firm through which
Slide 16: Robust Legal and Corporate Governance Framework
Robust Legal and Corporate Governance Framework » OFS Capital’s counsel is Eversheds Sutherland, a top-tier global law firm with over 3,000 attorneys Top Tier Industry Partners » OFS Capital’s auditing firm is KPMG, a leading audit, tax, and consulting firm, a “big four” accounting firm in the Unite
Slide 17: Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets As of Quarter Ended 6/30/2025 3/31/2025 12/31/2024 9/30/2024 6/30/2024 ($ in thousands, except per share data) (Unaudited) (Unaudited) (Audited) (Unaudited) (Unaudited) Assets Investments, at fair value $ 382,748 $ 403,071 $ 409,665 $ 394,734 $ 398,156 Cash 10,2
Slide 18: Condensed Consolidated Statements of Operations
Condensed Consolidated Statements of Operations Quarter Ended (unaudited) ($ in thousands, except per share data) 6/30/2025 3/31/2025 12/31/2024 9/30/2024 6/30/2024 Investment income Interest income $ 10,019 $ 9,968 $ 10,474 $ 10,613 $ 10,854 Dividend income 307 298 843 290 280 Fee income 150 29 331