Oaktree Specialty Lending (OCSL) Investor presentation summary

Firm overview and platform

• Oaktree manages $224 billion in assets, focusing on credit strategies and value-oriented investments across asset classes.

• The firm operates globally with over 1,500 employees in 26 cities and 18 countries.

• Oaktree accelerated its acquisition by Brookfield Asset Management, set to close in 2Q2026, creating a major alternative investment platform.

Investment strategy and portfolio composition

• Seeks current income and capital appreciation through flexible, innovative financing, emphasizing first lien, senior secured loans.

• Portfolio totals $2.8 billion at fair value, with 85% in senior secured loans and 91% floating rate exposure.

• Diverse portfolio across 163 companies, with a weighted average yield on debt investments of 9.3%.

• Median portfolio company EBITDA is $182 million, and the portfolio is diversified by industry.

Financial and operating highlights

• GAAP net investment income was $0.39 per share, with adjusted net investment income at $0.38 per share for the quarter ended March 31, 2026.

• NAV per share declined to $15.69 from $16.30 in the prior quarter.

• Declared cash distributions of $0.34 per share, payable June 30, 2026.

• $204 million in new investment commitments and $334 million in exits during the quarter.