Eagle Point Credit Company · NYSE:ECC
Eagle Point Credit — Q4 2025 Earnings Presentation
46 slides from Eagle Point Credit's earnings presentation, Feb 26, 2026
Slide 1: Eagle Point Credit Company Quarterly Update – Q4 2025
Eagle Point Credit Company QUARTERLY UPDATE – Q4 2025 February 26, 2026 1
Slide 2: Important Information
Important Information This presentation and the information and views included herein do not constitute investment advice, or a recommendation or an offer to enter into any transaction with Eagle Point Credit Company Inc. (“ECC” or the “Company”) or any of its affiliates. This presentation is provid
Slide 3: Table of Contents
Table of Contents 1. Introduction to Eagle Point Credit Company (ECC) 2. CLO Equity Overview 3. ECC Supplemental Information 4. Selected Market Data 5. Appendix: Endnotes 3
Slide 4: Introduction to Eagle Point Credit Company (ECC)
Introduction to Eagle Point Credit Company (ECC) 4
Slide 5: Company and Adviser Overview
Introduction to ECC Company and Adviser Overview The Company: Eagle Point Credit Company Inc. (ECC) IPO Date October 7, 2014 Primary Investment To generate high current income by investing primarily in equity and junior debt tranches of Objective collateralized loan obligations, or “CLOs” Total
Slide 6: ECC Highlights
Introduction to ECC ECC Highlights CLO Equity is an The S&P UBS Leveraged Loan Index has generated positive total returns in 31 of the Attractive Asset Class past 34 full calendar years5 Eagle Point believes CLO equity provides an attractive way to obtain exposure to senior secured loans Special
Slide 7: Private Equity Approach to Fixed Income Investing
Introduction to ECC Private Equity Approach to Fixed Income Investing Eagle Point employs a process that we believe is more akin to a private equity-style investment approach than the typical process used by many investors in fixed income securities Proactive sourcing of investment opportunities
Slide 8: Senior Investment Team
Introduction to ECC Senior Investment Team THOMAS MAJEWSKI DANIEL KO DANIEL SPINNER Managing Partner – Portfolio Manager – Portfolio Manager – Lead Portfolio Manager CLO Equity / Debt Defensive Income 31 Years of Experience 20 Years of Experience 30 Years of Experience Direct experience in the credi
Slide 9: Cumulative Common Stock Distributions
Introduction to ECC Cumulative Common Stock Distributions ECC currently pays a monthly regular distribution of $0.06 per share7 ECC Cumulative Distributions Per Share8 $25 IPO Price: $20.00 $23.59 $21.91 $19.99 $20 $18.13 $15.76 $14.12 $15 $12.80 $10.40 $10 $8.00 $4.75 $5 $2.35 $0 2015 2016 2017 201
Slide 10: Securities Outstanding
Introduction to ECC Securities Outstanding Advisor and Senior Investment Team have approximately $8.6 million invested in ECC, ECCC, 6 ECCX and ECC AA Common Stock Preferred Stock and Unsecured Notes NYSE Ticker / NYSE Ticker ECC ECCC ECC AA/AB ECC PRD ECCU ECCV ECCW ECCX Series Name Series C Term S
Slide 11: Track Record: Common Stock Total Return and Price to Book Ratio
Introduction to ECC Track Record: Common Stock Total Return and Price to Book Ratio For the period of October 7, 2014 – January 30, 2026: ECC generated a total return10 of 76.15% versus 122.00% for the S&P BDC Index11 (annualized net total return of 5.13% for ECC versus 7.30% for the S&P BDC Index
Slide 12: ECC By The Numbers
Introduction to ECC ECC By The Numbers 13.3% 253 $0.06 Current Distribution Rate2 Number of Resets, Refis, Monthly Distribution2 Re-Pricings and Calls13 21 95.4% 1,850 Average Years of CLO Experience Exposure to Floating Rate Number of Underlying of Senior Investment Team Senior Secured Loans Loan O
Slide 13: CLO Equity Overview
CLO Equity Overview 13
Slide 14: Why Invest in CLO Equity?
CLO Equity Overview Why Invest in CLO Equity? Eagle Point believes that CLO equity provides an attractive way to obtain exposure to loans Distribution of CLO Equity IRRs CLO Equity Attributes US CLOs (2002 – 2011 Vintages)1 CLO equity has historically generated strong absolute Potential for stro
Slide 15: CLOs are Securitizations of a Portfolio of Senior Secured Loans
CLO Equity Overview CLOs are Securitizations of a Portfolio of Senior Secured Loans The Company invests primarily in the equity and subordinated debt tranches Assets Liabilities + Equity Key CLO Structural Features Senior Debt Typically AAA rated 1. Actively managed Primarily portfolio Portfolio of
Slide 16: Senior Secured Loans are the Raw Materials of CLOs
CLO Equity Overview Senior Secured Loans are the Raw Materials of CLOs Senior Secured Loans Represent “Pure” Credit Exposure Illustrative Underlying Loan Obligors In CLOs6 Senior Senior position in a company’s capital structure Secured First lien security interest in a company’s assets Floating Rate
Slide 17: The CLO Market is Large and Important to the Loan Market
CLO Equity Overview The CLO Market is Large and Important to the Loan Market The CLO market is the largest source of capital for the US senior secured loan market8 US Leveraged Loans Outstanding8 US CLOs Outstanding9 CLOs Oustanding ($B) CLO Count (#) $1,175 $1,700 $1,549 $1,200 $1,088 Leveraged Loa
Slide 18: Leveraged Loan Index Annual Total Return
CLO Equity Overview The Spread in Loan Market Remains at High End of Historical Range From 1992 through 2025, the S&P UBS Leveraged Loan Index generated positive total returns in 31 of the 34 full calendar years S&P UBS Leveraged Loan Index Annual Total Return12 60% 44.9% Annualized Return: 5.7% 40%
Slide 19: Historical Leveraged Loan Spreads
CLO Equity Overview The Spread in Loan Market Remains at High End of Historical Range Historical Leveraged Loan Spreads12 450 bps Spread Long Term Average Ten Year Average Ten Year Average: 409 366 bps 398 400 bps Long Term Average: 391 386 386 387 315 bps 376 376 361 369 352 357 359 358 350 bps 348
Slide 20: Loan Market Repayment Rate
CLO Equity Overview Loan Market Repayment Rate Loan repayments provide capital for reinvestment within CLOs Annual Repayment Rate Annual Repayment Rate Average 60% 56.4% Average: 48.9% 48.2% 30.5% 46.9% 44.7% 40.1% 40% 38.7% 38.1% 37.3% 29.6% 30.0% 26.9% 27.6% 27.9% 23.6% Cumulative 24.1% Repayments
Slide 21: ECC Supplemental Information
ECC Supplemental Information 21
Slide 22: Quarterly Snapshot Trend
ECC Supplemental Information1 Quarterly Snapshot Trend Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 (Figures below are in millions, except for per share amounts and shares outstanding) Distributions Received From CLO Equity2,3 $74.48 $66.79 $74.66 $72.19 $72.95 Distributions Received From Other Investmen
Slide 23: Income Statement and Balance Sheet Highlights
ECC Supplemental Information1 Income Statement and Balance Sheet Highlights Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 GAAP Net Investment Income ("NII") before Non-Recurring Expenses2 $0.23 $0.24 $0.23 $0.28 $0.27 GAAP Realized Gain/(Loss) from Investments2 (0.49) (0.08) (0.07) 0.05 (0.12) Total GAAP
Slide 24: Distribution and Expense Coverage
ECC Supplemental Information1 Distribution and Expense Coverage ECC Portfolio Recurring Cash Flows2 $1.35 $1.15 Cash Distributions Received3 $0.74 $0.69 $0.69 Recurring Portfolio $0.95 $0.03 $0.08 $0.08 $0.08 $0.23 $0.59 $0.61 $0.75 $0.19 $0.19 $0.19 $0.19 $0.55 $0.48 $0.42 $0.42 $0.42 $0.42 $0.35 $
Slide 25: Portfolio Details – Q4 2025
ECC Supplemental Information1 Portfolio Details – Q4 2025 Years Years Income Cash Weighted Weighted Return of Q3 Cash Received Senior CLO Equity Holdings Remaining Remaining in Accrued Received Income Accrued CCC+ Junior OC Average Average Diversity Vintage Refi/Reset/Call Capital in as % of Prior Q
Slide 26: Portfolio Details – Q4 2025 (Cont.)
ECC Supplemental Information1 Portfolio Details – Q4 2025 (Cont.) Years Years Income Income Weighted Weighted Cash Received Return of Q3 Cash Received Senior CLO Equity Holdings Remaining Remaining in Accrued Accrued CCC+ Junior OC Average Average Diversity Vintage Refi/Reset/Call During Capital in
Slide 27: Portfolio Details – Q4 2025 (Cont.)
ECC Supplemental Information1 Portfolio Details – Q4 2025 (Cont.) Years Years Income Cash Weighted Weighted Return of Q3 Cash Received Senior CLO Equity Holdings Remaining Remaining in Accrued Received Income Accrued CCC+ Junior OC Average Average Diversity Vintage Refi/Reset/Call Capital in as % of
Slide 28: Portfolio Details – Q4 2025 (Cont.)
ECC Supplemental Information1 Portfolio Details – Q4 2025 (Cont.) Years Years Income Cash Q3 Cash Return of Senior Weighted Weighted CLO Equity Holdings Remaining in Remaining in Accrued Received Income Accrued Received as % CCC+ Junior OC Diversity Vintage Refi/Reset/Call Capital in AAA Average Ave
Slide 29: Portfolio Investments and Underlying Portfolio Characteristics
ECC Supplemental Information Portfolio Investments and Underlying Portfolio Characteristics As of December 31, 2025, ECC’s portfolio was invested across 197 CLO investments Summary of ECC’s Summary of Underlying Portfolio Characteristics5 Portfolio of Investments4 Q4 Q3 Q2 Q1 Q4 2025 2025 2025 2025
Slide 30: Obligor and Industry Exposures
ECC Supplemental Information Obligor and Industry Exposures As of December 31, 2025, ECC has exposure to 1,850 unique underlying borrowers across a range of industries Top 10 Underlying Obligors5 Top 10 Industries of Underlying Obligors5,8 Obligor % Total Industry % Total Transdigm 0.6% Technology:
Slide 31: Maturity Distribution of Underlying Obligors
ECC Supplemental Information Maturity Distribution of Underlying Obligors Maturity Distribution of Underlying Obligors as of December 31, 20255 40% 35% 30% 28.8% 25% % of Fund Exposure 22.6% 20% Prior to 2028, only 3.1% of 18.0% ECC’s underlying loan portfolios mature 15% 13.5% 13.6% 10% 5% 2.7% 0.4
Slide 32: Selected Market Data
Selected Market Data 32
Slide 33: Credit Fundamentals: Leverage Multiples of Loans
2006 4.4x 2006 4.7x 2007 4.9x 2007 4.7x 2008 3.7x 2008 5.0x FLD/EBITDA 2009 4.1x 2009 4.8x 2010 3.9x 2010 4.9x 2011 4.4x 2011 4.9x 2012 4.6x 2012 5.3x Credit Fundamentals 2013 4.7x 2013 5.4x SLD/EBITDA 2014 4.9x 2014 5.5x 2015 5.3x 2015 5.1x Source: Pitchbook LCD. As of September 30, 2025. 2016 5.0x
Slide 34: Credit Fundamentals: Revenue and EBITDA Growth
1Q13 6.8% 1Q13 10.5% 2Q13 6.1% 2Q13 9.3% 3Q13 6.8% 3Q13 11.0% 4Q13 8.8% 4Q13 13.5% 1Q14 7.1% 1Q14 16.3% 2Q14 8.8% 2Q14 12.4% 3Q14 9.5% 3Q14 12.5% 4Q14 10.2% 4Q14 13.6% 1Q15 5.8% 1Q15 10.3% Credit Fundamentals 2Q15 7.1% 2Q15 6.3% 3Q15 6.2% 3Q15 3.9% 4Q15 7.0% 4Q15 5.4% 1Q16 7.1% 1Q16 4.8% Source: Pit
Slide 35: Liquidity Considerations: Annual CLO Trading Volume
Selected Market Data Liquidity Considerations Secondary trading is conducted through BWICs (“Bids Wanted in Competition”) and privately negotiated sales CLO debt and equity tranches typically settle electronically via DTC and trade on a T+1 basis Annual CLO Trading Volume $200.4 $200.4 $202.0 $2
Slide 36: Appendix: Endnotes
t EAGLE POINT CREDIT COMPANY Appendix: Endnotes
Slide 37: Endnotes: Introduction to Eagle Point Credit Company
Appendix: Endnotes Introduction to Eagle Point Credit Company (ECC) Company and Adviser Overview 1. Combined market capitalization of ECC, ECCC, ECC PRD, ECCU, ECCV, ECCW and ECCX is based on securities outstanding as of December 31, 2025 and closing market prices as of January 30, 2026. Does not in
Slide 38: Endnotes: Securities Outstanding and Track Record
Appendix: Endnotes Introduction to Eagle Point Credit Company (ECC) Securities Outstanding 9. Reflects securities outstanding as of December 31, 2025, after giving effect to the full redemption of the Series F Term Preferred Stock, and market prices as of January 30, 2026. Yield is shown to the stat
Slide 39: Endnotes: Why Invest in CLO Equity?
Appendix: Endnotes CLO Equity Overview Why Invest in CLO Equity? 1. This chart shows certain performance data for CLO 1.0 vintages. For this purpose, CLO 1.0 vintages are defined as US broadly syndicated cash flow CLOs that were originated from 2002 to 2011. Information for later vintage CLOs is not
Slide 40: Endnotes: Senior Secured Loans
Appendix: Endnotes CLO Equity Overview Senior Secured Loans are the Raw Materials of CLOs 4. The Adviser expects CLO equity to provide some measure of protection against rising interest rates when the applicable benchmark rate is greater than the benchmark rate floor on a CLO’s underlying assets (wh
Slide 41: Endnotes: Quarterly Snapshot Trend
Appendix: Endnotes ECC Supplemental Information Quarterly Snapshot Trend 1. The information contained herein is unaudited. The information shown is derived from the Company’s 2024 Annual Report, 2025 Annual Report, 2025 Semiannual Report, interim quarterly unaudited financial statements and/or other
Slide 42: Endnotes: Income Statement and Balance Sheet Highlights
Appendix: Endnotes ECC Supplemental Information Income Statement and Balance Sheet Highlights 1. The information contained herein is unaudited. The information shown is derived from the Company’s 2024 Annual Report, 2025 Annual Report, 2025 Semiannual Report, interim quarterly unaudited financial st
Slide 43: Endnotes: Distribution and Expense Coverage
Appendix: Endnotes ECC Supplemental Information Distribution and Expense Coverage 1. The information contained herein is unaudited. The information shown is derived from the Company’s 2024 Annual Report, 2025 Annual Report, 2025 Semiannual Report, interim quarterly unaudited financial statements and
Slide 44: Endnotes: Portfolio Details
Appendix: Endnotes ECC Supplemental Information Portfolio Details – Q4 2025 1. The information contained herein is unaudited. The information shown is derived from the Company’s 2025 Annual Report, interim quarterly unaudited financial statements and/or other related financial information, CLO trust
Slide 45: Endnotes: Selected Market Data
Appendix: Endnotes Selected Market Data Credit Fundamentals 1. Data based on the average annual revenue and EBITDA change (YoY) for public issuers within the Morningstar LSTA US Leveraged Loan Index. As of September 30, 2025, this included approximately $180 billion of outstanding loans. The Morning
Slide 46: Eagle Point Credit Company Inc. contact details
Eagle Point Credit Company Inc. 600 Steamboat Road, Suite 202 Greenwich, CT 06830 www.EaglePointCreditCompany.com Prosek IR@eaglepointcredit.com (203) 340 8510 STRICTLY CONFIDENTIAL FOR INSTITUTIONAL INVESTORS ONLY – NOT FOR USE WITH RETAIL INVESTORS 46
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