Carlyle Credit Income Fund A · NYSE:CCIF
Carlyle Credit Income Fund A — Carlyle Credit Income Fund — Q2 2025 Earnings Presentation
21 slides from Carlyle Credit Income Fund A's earnings presentation, May 21, 2025
Slide 1: Carlyle Credit Income Fund Q2 2025 Quarterly Earnings Presentation
Carlyle Credit Income Fund (“CCIF”) Q2 2025 Quarterly Earnings Presentation May 2025 1
Slide 2: Important Information
Important Information This presentation (the “Presentation”) has been prepared by Carlyle Credit Income Fund. (together with its consolidated subsidiaries, “we,” “us,” “our,” “CCIF” or the “Fund”) (NYSE: CCIF) and may only be used for informational purposes only. This Presentation should be viewed i
Slide 3: Fund Overview
Fund Overview CLOs 1,428 18.75%(1) PRIMARILY INVESTING IN EQUITY AND JUNIOR DEBT TRANCHES OF Underlying exposure to 1,428 MONTHLY DIVIDEND THAT IS Carlyle Credit Income COLLATERALIZED LOAN companies DECLARED QUARTERLY Fund (“CCIF”) Overview OBLIGATIONS (CLOs) Carlyle (NASDAQ:CG) $453 Billion 2,300+
Slide 4: Carlyle Firm Overview
Carlyle Firm Overview(1) Firm Overview Global Credit $199 bn AUM(3) 195+ investment professionals(4) Founded: 1987 AUM: $453 bn Global $164 bn AUM 415+ investment professionals Employees: 2,300+ Private Equity Investment Professionals: 725+(2) Global Investment $89 bn AUM 105+ investment professiona
Slide 5: Carlyle Global Credit Platform
Carlyle Global Credit Platform CARLYLE GLOBAL CREDIT – $199BN AUM(1) LIQUID CREDIT PRIVATE CREDIT REAL ASSETS CREDIT ASSET-BACKED FINANCE AUM: $48.9 billion AUM: $30.2 billion AUM: $19.9 billion AUM: $8.9 billion Directly originated Carlyle managed DIRECT loans, primarily first Commercial aircraft C
Slide 6: Securities Overview
Securities Overview Overview of Common and Listed Preferred Shares Current Dividend Current Dividend Payment Description NYSE Ticker Market Cap (1) Closing Price (1) Rate Rate (2) Frequency Common Shares CCIF $140.36 mm $6.72 $0.105 18.75% Monthly Closing Maturity Callable Payment Description NYSE T
Slide 7: Q2 2025 (Quarter Ended 3/31/25) Quarterly Results
Q2 2025 (Quarter Ended 3/31/25) Quarterly Results • Net investment income was $0.23 per common share ◦ Adjusted net investment income was $0.26 per common share after adjusting for the effect of amortization on the offering costs for the Fund's preferred shares (1) ◦ Core net investment income per s
Slide 8: Q2 2025 (Quarter Ended 3/31/25) Quarterly Results
Q2 2025 (Quarter Ended 3/31/25) Quarterly Results • Total fair value of the portfolio excluding cash was $197.9 million • New CLO investment deployments during the quarter were $30.3 million with a weighted average GAAP yield of 15.41% Portfolio & • Total portfolio weighted average GAAP yield was 16
Slide 9: Financial Performance Summary
Financial Performance Summary • Net investment income per share was $0.23 in Q2 2025 ◦ Adjusted net investment income per share was $0.26 ◦ Core net investment income per share was $0.27 • The quarterly dividend of $0.315 was supported by $0.49 in recurring cash flows (Dollar amounts in thousands, e
Slide 10: Quarterly Operating Results Detail
Quarterly Operating Results Detail (Dollar amounts in thousands, except per share data) Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 SUMMARY INCOME STATEMENT Total investment income $ 7,301 $ 7,383 $ 7,901 $ 8,269 $ 8,565 Total expenses (3,345) (3,386) (3,653) (4,177) (4,537) Net Investment Income $ 3,95
Slide 11: Underlying Portfolio Overview
Underlying Portfolio Overview Voya Alternative Asset Management Irradiant Partners 1% 7% CIFC Asset Management 6% Ballyrock Investment Advisors 6% Benefit Street Partners 6% CLO Equity 46% Allstate Investment Management Company Legacy Real Estate Loan 6% Barings 5% Onex Credit Partners 5% Elmwood As
Slide 12: Portfolio Overview
Portfolio Overview Summary of Underlying Portfolio Characteristics 3/31/2025 Diversified Portfolio across 61 unique CLO investments managed by 30 different CLO Managers Number of Unique Underlying Loan Obligors 1,428 Number of Underlying Loans 1,990 Largest Exposure to an Individual Obligor 0.54% Av
Slide 13: Obligor and Industry Exposures
Obligor and Industry Exposures As of March 31, 2025, CCIF has exposure to 1,428 unique loan obligors across a range of industries Obligor and Industry Exposure Top 10 Underlying Obligors % Total (1) Top 10 Industries of Underlying Obligors % Total (1) TransDigm 0.54% High Tech 12.64% Medline 0.52% H
Slide 14: Investment Positions as of March 31, 2025
Investment Positions as of March 31, 2025 YEARS YEARS % OF WEIGHTED WEIGHTED MARKET REMAINING IN REMAINING HOLDINGS JUNIOR OC SENIOR AAA AVERAGE AVERAGE DIVERSITY CLO INVESTMENT VINTAGE VALUE (1) REINVESTMENT IN NON-CALL CCC+ OR CUSHION SPREAD PORTFOLIO RATING SCORE (3) PERIOD PERIOD LOWER SPREAD FA
Slide 15: Investment Positions as of March 31, 2025 (Cont'd)
Investment Positions as of March 31, 2025 (Cont'd) YEARS YEARS % OF WEIGHTED WEIGHTED MARKET REMAINING IN REMAINING HOLDINGS JUNIOR OC SENIOR AAA AVERAGE AVERAGE DIVERSITY CLO INVESTMENT VINTAGE VALUE (1) REINVESTMENT IN NON-CALL CCC+ OR CUSHION SPREAD PORTFOLIO RATING SCORE (3) PERIOD PERIOD LOWER
Slide 16: Investment Positions as of March 31, 2025 (Cont'd)
Investment Positions as of March 31, 2025 (Cont'd) YEARS YEARS % OF WEIGHTED WEIGHTED MARKET REMAINING IN REMAINING HOLDINGS JUNIOR OC SENIOR AAA AVERAGE AVERAGE DIVERSITY CLO INVESTMENT VINTAGE VALUE (1) REINVESTMENT IN NON-CALL CCC+ OR CUSHION SPREAD PORTFOLIO RATING SCORE (3) PERIOD PERIOD LOWER
Slide 17: Monthly Dividend Trend
Monthly Dividend Trend • In conjunction with earnings, CCIF has declared a dividend of $0.105 for the months of June, July, and August 2025, equating to an annualized dividend rate of 18.75% (1) • The dividend is supported by CNII of $0.27 per share and $0.49 per share of recurring cash flows for Q2
Slide 18: Appendix
CARLYLE CREDIT INCOME FUND Appendix
Slide 19: Quarterly Balance Sheet Detail
Quarterly Balance Sheet Detail (Dollar amounts in thousands, except per share data) Q2 2025 Assets Investments, at fair value $ 197,902 Cash and cash equivalents 5,991 Interest receivable from investments 7,697 Prepaid expenses 220 Other assets 173 Total assets $ 211,983 Liabilities & Net Assets Pre
Slide 20: Quarterly Income Statement Detail
Quarterly Income Statement Detail (Dollar amounts in thousands, except per share data) Q2 2025 Investment Income Interest income $ 8,565 Total investment income $ 8,565 Expenses Interest expense $ 2,297 Management fee 929 Incentive fee 854 Professional fees 212 Other fees and expenses 245 Total expe
Slide 21: Non-GAAP Measures
Non-GAAP Measures We provide information relating to adjusted net investment income, a non-GAAP measure, on a supplemental basis. This measure is not provided as a substitute for GAAP net investment income ("GAAP NII'), but in addition to it. Adjusted net investment income represents GAAP NII adjust
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