Carlyle Credit Income Fund A · NYSE:CCIF
Carlyle Credit Income Fund A — Carlyle Credit Income Fund — Q1 2024 Earnings Presentation
18 slides from Carlyle Credit Income Fund A's earnings presentation, Feb 29, 2024
Slide 1: Q1 2024 Quarterly Earnings Presentation
CARLYLE CREDIT INCOME FUND Carlyle Credit Income Fund (“CCIF”) j QI 2024 Quarterly Earnings Presentation February 2024
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,” “CIF” or the “Company") (NYSE: CCIF) and may only be used for informational purposes only. This Presentation should be viewed
Slide 3: Fund and Adviser Overview
Fund and Adviser Overview Carlyle Credit Income Fund (NYSE: CCIF) focuses on primarily investing in equity and junior debt tranches of collateralized loan obligations ("CLOs") CCIF + Carlyle Global Credit Investment Management ("Carlyle or "CGCIM") took over as the x investment adviser of CCIF on Ju
Slide 4: Carlyle Firm Overview
Carlyle Firm Overview Global Credit $188 bn AUM®) 200+ investment professionals Founded: 1987 AUM: $426 bn mclchal $161bn AUM 400+ investment professionals Employees: 2,200+ Private Equity Investment Professionals: 7252) Offices / Countries: 28/16 $77bnAUM —_90+ investment professionals The Carlyle
Slide 5: Carlyle Global Credit Platform
Carlyle Global Credit Platform LIQUID CREDIT PRIVATE CREDIT AUM: $53.2 billion AUM: $25.4 billion Closed-end Carlyle managed , Commercial Interval fund ais CLOs (broadly DIRECT Bicety oranoeed aircraft leasing / investing SEMEN syndicated senior LERBING len ond financial servicing and dynamically ac
Slide 6: Securities Overview
Securities Overview Current Dividend Current Dividend Payment Description | NYSETicker Market Cap") Closing Price ” Rate Yield ?) Frequency Common Shares CCIF $94.89 mm $7.92 $0.105 15.91% Monthly (cle | Maturity Callable Payment Principal Date Date Coupon Frequency Description NYSETicker Rating®) P
Slide 7: Q1 2024 (Quarter Ended 12/31/23) Quarterly Results
Q1 2024 (Quarter Ended 12/31/23) Quarterly Results First Quarter Results Portfolio & Investment Activity Dividend & Capital Activity Ea J Net investment income was $0.24 per common share, an increase from net investment loss of $0.14 per common share in Q4 2023 NAV per share of $7.99 on December 31,
Slide 8: Financial Performance Summary
Financial Performance Summary + The full benefit of the preferred issuance is not incorporated in QI 2024 as we deployed the proceeds throughout November and December + After accounting for the full benefit of the preferred issuance, we expect CCIF's Net Investment Income will exceed the quarterly d
Slide 9: Quarterly Operating Results Detail
Quarterly Operating Results Detail IMMARY INCOME STATEMENT Q4 2023" Total investment income $ 5,339 $ 2,168 Total expenses (2,494) (3,568) Net Investment Income $ 2,845 $ (1,400) Net realized and change in unrealized gains (losses) (4,460) (12,373) Net Income (Loss) $ (1,615) $ (13,773) Weighted ave
Slide 10: Underlying Portfolio Overview
Underlying Portfolio Overview I Voya Alternative Asset Management HL Kx Financial Neuberger Berman Ares 34% WH clo equity Hi Alstate investment Management Company W cLopent Bl Benefit Street Portners Other 1 Eimwood Asset Management 5% : Wi Credit Suisse Blackstone Liquid Credit Strategies All Other
Slide 11: Portfolio Overview
Portfolio Overview Summary of Underlying Portfolio Characteristics Ql 2024 Diversified Portfolio across 36 unique CLO investments managed by 2I different CLO Managers Number of Unique Underlying Loan Obligors 1,531 jest Exposure to an Individual Obligor 0.59% Average Individual Loan Obligor Exposure
Slide 12: Obligor and Industry Exposures
Obligor and Industry Exposures As of December 31, 2023, CCIF has exposure to I,531 unique loan obligors across a range of industries Obligor Industry Exposu Top 10 Underlying Obligors % Total Top IO Industries of Underlying Obligors % Total Altice France 0.59% High Tech 12.95% Asurion 0.55% Healthca
Slide 13: Investment Positions as of December 31, 2023
Investment Positions as of December 31, 2023 YEARS YEARS % OF WEIGHTED WEIGHTED CLomvestment Geile VINTAGE REINVESTMENT “NON-CALL —“CccrOn "CUSHION SPREAD = PORTFOLIO. © “ating. © ‘SCORED. PERIOD PERIOD LOWER ‘SPREAD FACTOR” AIMco 2019-10a sus Nerd 2019 057 144 460% 3.50% 132% 3.44% 2690 80 AIMCO 20
Slide 14: Investment Positions as of December 31, 2023 (continued)
Investment Positions as of December 31, 2023 (continued) YEARS YEARS % OF WEIGHTED WEIGHTED CLomvestment (eile VINTAGE REINVESTMENT “NON-CALL —“CccrOn "CUSHION SPREAD” = PORTFOLIO. © “ain. «SCORED. PERIOD PERIOD LOWER ‘SPREAD FACTOR® KKR 3IA SUB 4,399 2021 234 070 10.20% 471% 139% 3.88% 2931 79 KKR
Slide 15: Monthly Dividend Trend
Monthly Dividend Trend + Carlyle declared a monthly dividend of $0.0994 for December 2023 and January and February 2024 + In conjunction with earnings, the Fund has declared a dividend of $0.I050 for the months of March, April and May 2024 equating to a [5.91% annualized dividend based on our share
Slide 16: Appendix
CARLYLE CREDIT INCOME FUND Appendix
Slide 17: Quarterly Balance Sheet Detail
Quarterly Balance Sheet Detail Assets Other assets QI 2024 Investments, at fair value 127,255 Cash and cash equivalents 14,269 Interest receivable from investments 4,268 Prepaid expenses 461 26 146,279 | Total assets Liabilities & Net Assets Preferred shares, net of unamortized issuance costs 50,008
Slide 18: Quarterly Income Statement Detail
Quarterly Income Statement Detail (Dollar amounts in thousands, except per share data Qi 2024 Interest income $ 5,339 Total investment income I$ 5,339 Interest expense $ 735 Management fee 615 Incentive fee 603 Professional fees 373 Other fees and expenses 168 Total expenses {s 2,494 Net Investment
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