Crescent Capital BDC, Inc. 2 This Presentation may contain forward-looking statements that involve substantial risks and uncertainties. You can identify these statements by the use of forward-looking terminology such as "anticipates," "believes," "expects," "intends," "will," "should," "may," "plans," "continue," "believes," "seeks," "estimates," "would," "could," "targets," "projects," "outlook," "potential," "predicts" and variations of these words and similar expressions to identify forward-looking state ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. Commission file number 814-01132 Common Stock, $0.001 par value per share CCAP The Nasdaq Stock Market LLC 5.00% Notes due 2026 FCRX The New York Stock Exchange Securities registered pursuant to Secti ...

Financial Data and Key Metrics Changes - The net asset value per share at year-end was $19.83, a decrease of 1.6% from the prior quarter, primarily due to unrealized losses reflecting wider credit spreads in the market [2][61] - Adjusted net investment income per share for Q4 2022 was $0.49, up 17% from $0.42 in Q3 2022, driven by rising base rates and higher spreads [24][19] - Total investment income for Q4 reached $34.6 million, the highest quarterly figure since inception, representing a 19% increase from $29 million in the prior quarter [19][52] Business Line Data and Key Metrics Changes - The weighted average yield of income-producing securities at cost increased from 9.5% to 10.8% quarter-over-quarter, reflecting the impact of Federal Reserve interest rate hikes [33] - Over 99% of total debt investments at fair value made full scheduled principal and interest payments during the quarter [26] - The portfolio consisted primarily of senior secured first lien and unitranche loans, representing 90% of the portfolio at fair value, up from 89% in the prior quarter [59] Market Data and Key Metrics Changes - The debt-to-equity ratio was managed down to 1.08x from 1.11x at the end of Q3 2022 [53] - The weighted average interest rate on total borrowings was 6.23% as of year-end [53] - The company had $225 million of undrawn capacity and $17 million in cash and cash equivalents as of year-end [62] Company Strategy and Development Direction - The company is targeting the closing of a merger with First Eagle BDC, which is expected to enhance scale and position [27][54] - A proactive approach has been taken to bolster liquidity in select situations, indicating a focus on capital preservation [3][18] - The company remains well-positioned to navigate economic and market uncertainties, anticipating further market volatility [54] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the health of the overall portfolio, noting that companies continue to grow on both the top and bottom lines despite inflationary pressures [46] - The company expects to generate high-quality top-line revenue primarily from recurring scheduled interest income [31] - Management acknowledged the potential for stress in the portfolio due to a slower U.S. economy correlated with higher interest rates [29] Other Important Information - The company declared a quarterly cash dividend of $0.41 per share for Q1 2023, payable on April 17, 2023 [16][62] - The total investment portfolio held steady at approximately $1.3 billion as of December 31, 2022, down about $30 million quarter-over-quarter [52] Q&A Session Summary Question: Expectations on combined leverage post-acquisition - Management indicated that they intentionally delevered in Q4 in anticipation of the merger and expect to end up in the middle of their target leverage range of 1.1 to 1.4 on a pro forma basis [40] Question: Performance trends of portfolio companies - Management noted that overall portfolio health remains strong, with revenue growth outpacing EBITDA growth, attributed to inflationary pressures and labor market tightness [46]

Crescent Capital BDC, Inc. Disclaimer and Forward-Looking Statement This presentation (the "Presentation") has been prepared by Crescent Capital BDC, Inc. (together with its consolidated subsidiaries, "CCAP," "Crescent BDC" or the "Company") and may be used for informational purposes only. This Presentation contains summaries of certain financial and statistical information about the Company and should be viewed in conjunction with the Company's most recent Quarterly Report on Form 10-Q and Annual Report on ...

Monitoring Investments In most cases, we will not have board influence over portfolio companies. In some instances, the Adviser's investment professionals may obtain board representation or observation rights in conjunction with our investments. In conjunction with our Adviser's investment committee and our Board, the Adviser will take an active approach in monitoring all investments, which includes reviews of financial performance on at least a quarterly basis and may include discussions with management an ...

Crescent Capital BDC, Inc. (NASDAQ:CCAP) Q3 2022 Earnings Conference Call November 10, 2022 12:00 PM ET Company Participants Dan McMahon – Head-Investor Relations Jason Breaux – President and Chief Executive Officer Henry Chung – Senior Vice President Gerhard Lombard – Chief Financial Officer Conference Call Participants Operator Good day and thank you for standing by. Welcome to the Crescent Capital BDC, Inc.’s Third Quarter Ended September 30, 2022 Earnings Conference Call. At this time all participants a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. Commission file number 814-01132 Crescent Capital BDC, Inc. (Exact Name of Registrant as Specified in Its Charter) | --- | --- | --- | --- | |-------|----------------|----------|------- ...

Financial Data and Key Metrics Changes - Adjusted net investment income for Q2 2022 was reported at $0.41 per share, compared to $0.42 per share in the prior quarter [22] - GAAP net investment income for Q2 2022 was $0.50 per share, reflecting a noncash reversal of capital gains-based incentive fees [8] - Net asset value per share decreased to $20.69, down over 2% from $21.18 in the previous quarter, primarily due to unrealized losses from wider credit spreads [9][26] Business Line Data and Key Metrics Changes - The portfolio consisted of nearly $1.3 billion in investments across 137 companies, with an average investment size of less than 1% of the total portfolio [12] - Senior secured first lien and unitranche first lien loans represented 88% of the portfolio at fair value, up from 86% in the prior quarter [13] - 136 out of 137 debt investment portfolio companies made full scheduled principal and interest payments, with 91% of the debt investments marked above $0.95 on the dollar [14] Market Data and Key Metrics Changes - 98.7% of debt investments at fair value were floating rate, with a weighted average floor of 83 basis points [19] - The weighted average yield on income-producing securities increased to 8.3%, up from 7.5% in the prior quarter [28] - The debt-to-equity ratio was 1.03x, up from 0.97x at the end of Q1 2022, but still below the long-term target range [29] Company Strategy and Development Direction - The company maintains a disciplined credit selection approach focused on capital preservation, which has led to a diversified portfolio [11] - The strategy includes increasing the proportion of unitranche first lien loans to enhance yield opportunities while remaining at the top of the capital stack [17] - The company expects to benefit from rising interest rates, with projections indicating a potential increase in annual earnings by approximately $0.20 per share for a 100 basis point rise in short-term rates [20] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the complex operating environment due to market volatility and inflation, but noted that portfolio companies have largely maintained solid margins [10] - There is uncertainty regarding deal flow for the remainder of the year, influenced by macroeconomic factors and potential market volatility [42] - The company remains optimistic about navigating economic uncertainty and is positioned to capitalize on attractive opportunities during periods of dislocation [32] Other Important Information - A quarterly cash dividend of $0.41 per share was declared for Q3 2022, consistent with the previous quarter [31] - The company is in the process of winding down a joint venture, with expectations to distribute remaining proceeds by the end of the year [18] Q&A Session Summary Question: Comments on spreads and new originations - Management indicated that spreads in private markets have widened, with new originations potentially reflecting higher spreads in Q3 [35] Question: Credit quality and inflation impact - Management noted some margin pressure in certain companies but did not observe meaningful credit deterioration overall [37][39] Question: Future M&A activity expectations - Management expressed uncertainty regarding deal flow, dependent on macroeconomic conditions, but noted potential for continued private market activity if the economy softens moderately [42] Question: Market dynamics and competition - Management highlighted that the closure of syndicated markets could create opportunities for private credit, with expectations of improved deal quality during volatile periods [49]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Title of each classTrading Symbol Name of each exchange on which registered Common Stock, $0.001 par value per share CCAP The Nasdaq Stock Market LLC Securities registered pursuant to Section 12(g) of the Act: None FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITI ...

First Eagle Alternative Capital BDC, Inc. Quarterly Update March 31, 2022 First Eagle Investments 1345 Avenue of the Americas, New York, NY 10105 © 2022 First Eagle Alternative Credit, LLC. All rights reserved. Notice to Recipients Statements made in this presentation may constitute forward-looking statements. Such statements reflect various assumptions by First Eagle Alternative Capital BDC, Inc. (the "Company" or "FCRD") concerning anticipated results and are not guarantees of future performance. These st ...