OFS Capital (NASDAQ:OFS) Q2 2023 Earnings Conference Call August 4, 2023 10:00 AM ET Company Participants Steve Altebrando - Vice President, Capital Markets Bilal Rashid - Chairman and Chief Executive Officer Jeff Cerny - Chief Financial Officer and Treasurer Conference Call Participants Mitchel Penn - Oppenheimer Operator Good morning, everyone and welcome to the OFS Capital Corporation Second Quarter 2023 Earnings Conference Call. After today’s prepared remarks, there will be an opportunity to ask questio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Delaware 46-1339639 State or Other Jurisdiction of I.R.S. Employer Identification No. Incorporation or Organization 10 S. Wacker Drive, Suit ...

6 » Return on invested capital on equity investments of 1.79x for realized investments and 5.67x for unrealized investments since inception1 » Since inception, OFS Capital has incurred cumulative net realized losses of only ~1.9%1 1 Cumulative realized gains (loss) for the years ended December 31, 2012 and 2011 give pro forma effect to OFS Capital's consolidation of OFS Capital WM, LLC as a result of the WM 2012 Credit Facility Amendments, as if the consolidation took place on January 1, 2011. Includes $2.7 ...

OFS Capital (NASDAQ:OFS) Q1 2023 Earnings Conference Call May 5, 2023 10:00 AM ET Company Participants Steve Altebrando – Vice President-Capital Markets Bilal Rashid – Chairman and Chief Executive Officer Jeff Cerny – Chief Financial Officer and Treasurer Conference Call Participants Operator Good morning, and welcome to the OFS Capital Corporation First Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today’s presentation, there will be an ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ý 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 For the transition period from _______ to _______ Commission file number 814-00813 OFS CAPITAL CORPORATION (Exact name of registrant as specified in its charter) Delaware 46-1339639 State o ...

OFS Capital (NASDAQ:OFS) Q4 2022 Earnings Conference Call March 3, 2023 10:00 AM ET Company Participants Steve Altebrando – Vice President-Capital Markets Bilal Rashid – Chairman and Chief Executive Officer Jeff Cerny – Chief Financial Officer Conference Call Participants David Miyazaki – Confluence Investment Management David Prosky – Private Investor Operator Good morning, and welcome to the OFS Capital Corporation Fourth Quarter and Full Year 2022 Earnings Conference Call. All participants will be in lis ...

Jeff Cerny Chief Financial Officer » Subject to the Investment Company Act of 1940, which among other things, places limitations on the incurrence of leverage | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------|-------|---------------|-------|---------------|-------|---------------|-------|---------------------------------------------------|-------|--------------| | SBA debentures1 | | | | | | | | $ 50,697 $ 50,649 $ 50,601 $ 50,553 $ 69,3 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER: 814-00813 OFS Capital Corporation (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) Delaware 46-1339639 (State or jurisdiction of incorporation or organization) 10 S. ...

Financial Data and Key Metrics Changes - Adjusted net investment income increased to $0.33 per share in Q3 2022, up from $0.24 per share in Q2 2022, primarily due to rising interest rate coupons on the loan portfolio [10][20] - Net asset value per share decreased to $13.58 from $14.57 in the previous quarter, but remains approximately 9% above its prepandemic level at the end of 2019 [15][22] - Total investment income for the quarter was $13.4 million, up from $10.4 million in the prior quarter, reflecting increases in interest, dividend, and fee income [25] Business Line Data and Key Metrics Changes - Approximately 99% of the loan portfolio is senior secured, with 94% being floating rate, benefiting from the rising interest rate environment [12][31] - The income yield on the investment portfolio was 11.1%, a significant increase of 250 basis points from the last quarter [34] Market Data and Key Metrics Changes - Three-month LIBOR increased by almost 1.5% to 3.75% as of September 30, 2022, with the Fed increasing rates by an additional 75 basis points recently [31] - The company has a debt-to-equity ratio of approximately 1.66x, which increased modestly quarter-over-quarter due to unrealized depreciation on investments [28] Company Strategy and Development Direction - The company focuses on capital preservation with 99% of its loan portfolio being senior secured and aims to maintain a long-term debt-to-equity ratio of approximately 1.3 to 1.4x [27][29] - The company remains cautious with new originations but is evaluating incremental funding opportunities for portfolio companies that identify growth prospects [30] Management's Comments on Operating Environment and Future Outlook - Management believes the balance sheet positioning will continue to provide tailwinds in the rising interest rate environment, with operational flexibility due to long-term debt maturing in 2025 or later [9][37] - The company views the recent decline in net asset value as a one-off situation related to a specific investment and maintains confidence in the overall quality and fundamentals of its portfolio [22][36] Other Important Information - The company has invested over $1.9 billion since 2011 with a cumulative net realized loss of just 1.9%, generating attractive yields on its portfolio [39] - The adviser managing the company has a strong alignment of interest with shareholders, holding a 22% ownership stake in the BDC [41] Q&A Session Summary Question: What is the outlook for the company's performance in the current economic environment? - Management expressed confidence in the balance sheet positioning and the ability to navigate the rising interest rate environment, expecting continued benefits from the floating rate nature of the loan portfolio [9][36] Question: How does the company view its recent decline in net asset value? - Management characterized the decline as a one-off situation related to a specific investment in the post-secondary for-profit education sector, which is not expected to recur [22][36]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ý 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 For the transition period from _______ to _______ Commission file number 814-00813 OFS CAPITAL CORPORATION (Exact name of registrant as specified in its charter) Delaware 46-1339639 Sta ...