Ofs Capital Corporation · NASDAQ:OFS
Ofs Capital — Q1 2026 Earnings Presentation
18 slides from Ofs Capital's earnings presentation, May 1, 2026
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 May 2026
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 History Management1 » Raised $53 million in 2017 equ
Slide 4: First Quarter 2026 Highlights
First Quarter 2026 Highlights » Net investment income for the first quarter of 2026 was $0.18 per share, a decrease of $0.02 per share compared to the prior quarter, primarily due to a decrease in interest income of $1.3 million, partially offset by an increase in non-recurring dividend income of $0
Slide 5: OFS Capital Corporation (NASDAQ: OFS)
OFS Capital Corporation (NASDAQ: OFS) » Access to Infrastructure and Resources of Large Platform - OFS benefits from shared services provided by CIM Group - owners and operators of $32.0 billion of assets1 - OFS Capital Management has $4.2 billion in Assets Under Management (“AUM”)2, 3 - Insiders ow
Slide 6: Access of Infrastructure and Resources of Large Platform
Access of Infrastructure and Resources of Large Platform1 » OFS is part of a group of affiliated firms controlled by Richard Ressler that own, operate and manage approximately $36 billion of real assets and corporate credit » Since 1994, OFS Capital Management2 has invested approximately $27 billion
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 $4.2 Billion Assets Under Management1 50+ Professionals Middle Market Lend
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 0.28 % (cumulative net realized losses of ~4.3%)1 Past performance is not indicative of future results. 1. Cumulative realized gains (loss) for the years ended December 3
Slide 10: Strong Performance Track Record
Strong Performance Track Record $16.71 Per Share in Distributions Paid since Q4 2012 IPO1 Past performance is not indicative of future results. 1. Distributions are not guaranteed. 10
Slide 11: Senior Secured Focused Portfolio
Senior Secured Focused Portfolio1 » 100% of the loan portfolio and ~51% of all investments are deployed in senior secured loans2 with strong structural protections. » While we primarily invest in senior secured loans, our investment strategy allows us to invest in equity securities and structured fi
Slide 12: Senior Secured Focused Portfolio (cont'd)
Senior Secured Focused Portfolio (cont’d) » $259 million invested in portfolio companies1 » 43 portfolio companies / $6.0 million average investment1 » No material exposure to cyclical sectors (no direct oil and gas exposure) 1. Based on fair value as of March 31, 2026. A debt or equity investment i
Slide 13: Debt Capital Summary as of March 31, 2026
Debt Capital Summary as of March 31, 2026 Early Debt Outstanding Undrawn Stated Redemption Funding ($ in millions) Commitment Par Commitment Maturity Date Coupon1 Bank Facilities: Banc of California Facility2 $ 15.0 $ 8.8 $ 6.3 Feb-28 N/A 7.00% Natixis Facility3 80.0 44.7 35.3 Feb-31 N/A 6.05% Unsec
Slide 14: Appendices
‘e) ES Appendices
Slide 15: Experienced Leadership of OFS Capital Management
Experienced Leadership of OFS Capital Management » Experienced management team that has underwritten through multiple business cycles » Well-aligned with approximately 23% insider ownership vs. BDC sector median of 2%1, 2 » Founder and President of Orchard Capital Corporation, a firm through which M
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 » OFS Capital’s auditing firm is KPMG, a leading audit, tax, and consulting firm, a “big four” Partners accounting firm in the Unite
Slide 17: Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets As of Quarter Ended 3/31/2026 12/31/2025 9/30/2025 6/30/2025 3/31/2025 ($ in thousands, except per share data) (Unaudited) (Audited) (Unaudited) (Unaudited) (Unaudited) Assets Investments, at fair value $ 308,120 $ 342,015 $ 370,171 $ 382,748 $ 403,071 Cash and
Slide 18: Condensed Consolidated Statements of Operations
Condensed Consolidated Statements of Operations Quarter Ended (unaudited) ($ in thousands, except per share data) 3/31/2026 12/31/2025 9/30/2025 6/30/2025 3/31/2025 Investment income Interest income $ 7,586 $ 8,863 $ 9,544 $ 10,019 $ 9,968 Dividend income 1,297 443 845 307 298 Fee income 21 63 162 1