Oaktree Specialty Lending Corporation · NASDAQ:OCSL
Oaktree Specialty Lending — FY2017 Earnings Presentation
11 slides from Oaktree Specialty Lending's earnings presentation, Nov 29, 2017
Slide 1: 4th Quarter and Fiscal Year 2017 Earnings Presentation
4th Quarter and Fiscal Year 2017 Earnings Presentation November 29, 2017 Nasdaq: OCSL Exhibit 99.2
Slide 2: Forward Looking Statements
Forward Looking Statements Some of the statements in this presentation constitute forward-looking statements because they relate to future events or our future performance or financial condition. The forward-looking statements contained in this presentation may include statements as to: our future o
Slide 3: Managed by Oaktree Capital Management
Managed by Oaktree Capital Management Assets Under Management ($ in billions)2 ($ in billions) Investment Areas1 Historical Assets Under Management Founded in 1995, Oaktree is a leading global investment management firm focused on credit investing Applies a contrarian, value-oriented and risk-contro
Slide 4: The Oaktree Advantage
The Oaktree Advantage Scale Premier credit manager and leader among alternative investment managers for more than 20 years $99.5 billion in assets under management; 70% in credit strategies A team of more than 250 highly experienced investment professionals with significant origination, structuring
Slide 5: Oaktree Specialty Lending Investment Objectives
Oaktree Specialty Lending Investment Objectives A specialty finance company dedicated to providing customized, one-stop credit solutions Lender to companies with limited access to public or syndicated capital markets, including stressed or challenged businesses Opportunistically invest across the ca
Slide 6: Fourth Quarter and Fiscal Year 2017 Highlights
Fourth Quarter and Fiscal Year 2017 Highlights Q4 Results of Operations Net investment income of $11.5 million, or $0.08 per share $155.8 million in new investment commitments $168.0 million in fundings $243.3 million in prepayments and exits FY 2017 Results of Operations Net investment income of $7
Slide 7: Portfolio Summary
Portfolio Summary as of September 30, 2017 (As % of total portfolio, at fair value) (As % of total portfolio, at fair value) Portfolio Composition Top 10 Industries $1.5B Portfolio invested in 125 companies 9.6% Weighted average yield on debt investments 83.6% Of the debt portfolio consists of float
Slide 8: Historical Financial Information
Historical Financial Information Operating Results Q4’17 Q3'17 Q2'17 Q1'17 Q4'16 Sep-17 Jun-17 Mar-17 Dec-16 Sep-16 Net investment income $11,464 $19,390 $18,504 $23,294 $25,695 Net realized and unrealized depreciation on investments (136,933) (25,447) (9,703) (97,536) (29,128) Net increase/decrease
Slide 9: Historical Portfolio Metrics
Historical Portfolio Metrics As of and for Three Months Ended Q4’17 Q3’17 Q2’17 Q1’17 Q4’16 Sep-17 Jun-17 Mar-17 Dec-16 Sep-16 Investments at Fair Value $1,541,755 $1,790,540 $1,788,690 $1,951,740 $2,165,490 Number of Portfolio Companies 125 133 133 123 129 Average Portfolio Company Debt Investment
Slide 10: Portfolio Credit Quality and Funding
Portfolio Credit Quality and Funding Q4’17 Q3’17 Sep-17 Jun-17 Non-Accrual Investments at Fair Value $67,015 $89,275 Non-Accrual Investments/Total Investments at Fair Value 4.7% 5.6% ($ in thousands) (1) Principal balance outstanding. Note: Results contained herein occurred during management by Fift
Slide 11: Contact: Investor Relations
Contact: Michael Mosticchio, Investor Relations ocsl-ir@oaktreecapital.com Investment Objectives – OCSL vs. OCSI
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