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 ...

First Eagle Alternative Capital BDC, Inc. (FCRD) Q1 2022 Results Conference Call May 10, 2022 9:30 AM ET Company Participants Sabrina Rusnak-Carlson - General Counsel Chris Flynn - President, First Eagle Alternative Credit Jen Wilson - Chief Accounting Officer Jim Fellows - Chief Investment Officer Conference Call Participants Lee Cooperman - Omega Family Office Ryan Lynch - KBW Matt Tjaden - Raymond James Operator Good morning, and welcome to First Eagle Alternative Capital BDC, Inc. earnings conference ca ...

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 March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURIT ...

First Eagle Alternative Capital BDC, Inc. Earnings Presentation Quarter Ended December 31, 2021 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 ...

First Eagle Alternative Capital BDC, Inc. (FCRD) Q4 2021 Earnings Conference Call March 4, 2022 9:30 AM ET Company Participants Sabrina Rusnak-Carlson - General Counsel Christopher Flynn - President Michelle Handy - Head of Portfolio & Underwriting for Direct Lending Jen Wilson - CAO & Treasurer Conference Call Participants Leon Cooperman - Omega Advisors Paul Johnson - KBW Matt Jaden - Raymond James Operator Good morning, and welcome to First Eagle Alternative Capital BDC Inc. Earnings Conference Call for ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Title of each classTrading SymbolName 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-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EX ...

Financial Data and Key Metrics Changes - The company reported adjusted net investment income of $0.48 per share for Q3 2021, compared to $0.53 in the prior quarter and $0.43 in Q3 2020 [28] - GAAP earnings for Q3 2021 were $0.59 per share, down from $1.16 in Q2 2021 and $1.36 in Q3 2020 [28] - Net asset value (NAV) per share increased to $21.16, up from $20.98 in the previous quarter and $19.07 a year ago, marking the highest value since inception [12][29] Business Line Data and Key Metrics Changes - The investment portfolio consisted of over $1.1 billion across 132 portfolio companies, with 100% of the debt portfolio in sponsor-backed companies [14][15] - 120 out of 121 debt investment portfolio companies made full scheduled principal and interest payments, with 93% of the debt investments marked above $0.95 on the dollar [16][17] - The weighted average yield on income-producing securities was 7.6%, down from 7.8% in the prior quarter [32] Market Data and Key Metrics Changes - The company experienced a gross deployment of $158.5 million in Q3, with 95% in senior secured first lien or unitranche investments [18] - The total commitments for new deals represented only 14% of the total check size committed across Crescent, indicating the scale of the platform [19] Company Strategy and Development Direction - The company aims to ensure 100% dividend coverage via incentive waivers through 2022, reflecting a commitment to capital efficiency [24] - The acquisition of Alcentra Capital Corp has generated a 28% IRR, with 97% of the cost basis in the acquired assets realized [22] Management's Comments on Operating Environment and Future Outlook - Management maintains a positive outlook for the overall economy, expecting continued demand rebound [36] - The origination pipeline for Q4 is robust, with expectations for strong net deployment, potentially the strongest of the year [21] Other Important Information - The Board declared a quarterly cash dividend of $0.41 per share, along with a series of special cash dividends of $0.05 per share [25][26] - The company has a debt-to-equity ratio of 0.94, providing a significant cushion to regulatory asset coverage [33] Q&A Session Summary Question: Pressure on LIBOR floors and interest rates - Management noted some pressure on LIBOR, particularly in the syndicated markets, with LIBOR floors generally between 75 bps to 100 bps [39] Question: Investment in WhiteHawk vehicle - Management expects deployment to ramp up to GACP-type levels in about 1.5 to 2 years [42] Question: Unsecured debt plans - Management is focused on their debt capital structure and is considering prepaying 2023 notes without penalty in January 2023 [46][47]

Crescent Capital BDC, Inc. Quarterly Earnings Presentation September 30, 2021 Disclaimer and Forward-Looking Statement 2 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 rece ...

Table of Contents 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 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, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 O ...

Financial Data and Key Metrics Changes - The company reported adjusted net investment income of $0.53 per share for Q2 2021, an increase from $0.46 in both the prior quarter and the same quarter of 2020 [18] - The net asset value per share increased approximately 3.7% in Q2 to $20.98, marking the highest value since the company's inception [9][20] - GAAP earnings for Q2 2021 were $1.16 per share, compared to $0.76 in Q1 2021 and $2.00 in Q2 2020 [18] Business Line Data and Key Metrics Changes - The investment portfolio at fair value increased to approximately $1.1 billion across 130 portfolio companies, with an average investment size of less than 1% of the total portfolio [11] - The gross deployment in Q2 totaled $121 million, with 97% in senior secured first lien or unitranche first lien investments [14] - The weighted average yield on income-producing securities at amortized cost was 7.8%, slightly down from 7.9% in the prior quarter [21] Market Data and Key Metrics Changes - The company noted an increase in competition in the market, which has resulted in some pressure on spreads, but demand for large direct lending solutions remains strong [13] - The percentage of risk-rated 1 and 2 investments increased to 88.1% of the portfolio at fair value, compared to 87.6% in the previous quarter [12] Company Strategy and Development Direction - The company aims to leverage its competitive advantages and the full Crescent platform to deliver attractive risk-adjusted returns for shareholders [24] - The focus remains on first lien and unitranche solutions, with a strong preference for flexibility of capital and long-term partnerships with sponsors [13] Management's Comments on Operating Environment and Future Outlook - Management expressed a positive outlook for the overall economy in the second half of the year, anticipating continued demand rebound [24] - The majority of portfolio companies have returned to normalized operating levels, indicating strong credit performance [24] Other Important Information - The Board declared a quarterly cash dividend of $0.41 per share for Q3 2021, consistent with the previous quarter [17][22] - The company has $220 million of undrawn capacity as of quarter-end, providing significant liquidity [22] Q&A Session Summary Question: Tax distribution from Southern Technical - Management confirmed that the tax distribution is offset by a corresponding tax expense and that future distributions will depend on taxable income generated by the portfolio company [26][27] Question: Expectations for deployments and repayments - Management is optimistic about deployment opportunities, noting increased volumes in the middle market and a healthy pipeline, while also acknowledging elevated repayment activity [28][29] Question: Components of total return and LIBOR floors - Management indicated that while there is some pressure on LIBOR floors, most terms have held steady, and they expect to maintain competitive terms [30][31]