S I X T H S T R E E T S P E C I A L T Y L E N D I N G Quarter Ended June 30, 2024 EARNINGS PRESENTATION DISCLAIMER AND FORWARD-LOOKING STATEMENT References in this presentation ("Presentation") to "TSLX," "we," "us," "our" and "the Company" refer to Sixth Street Specialty Lending, Inc. This Presentation includes forward-looking statements about TSLX that involve substantial risks and uncertainties. These forward-looking statements are not historical facts, but rather are based on current expectations, estim ...

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Cami VanHorn - Head of Investor Relations Joshua Easterly - Chief Executive Officer & Chairman Robert Stanley - President Ian Simmonds - Chief Financial Officer Conference Call Participants Finian O'Shea - Wells Fargo Securities Brian Mckenna - Citizens' JMP Mark Hughes - Truist Securities Mickey Schleien - Ladenburg Kenneth Lee - RBC Paul Johnson - KBW Melissa Wedel - JPMorgan Br ...

Sixth Street (TSLX) reported $121.82 million in revenue for the quarter ended June 2024, representing a yearover-year increase of 13.2%. EPS of $0.58 for the same period compares to $0.58 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $120.33 million, representing a surprise of +1.23%. The company delivered an EPS surprise of +1.75%, with the consensus EPS estimate being $0.57. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- a ...

Sixth Street (TSLX) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.58 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 1.75%. A quarter ago, it was expected that this business development company would post earnings of $0.60 per share when it actually produced earnings of $0.58, delivering a surprise of -3.33%. Over the last four quar ...

K SECOND QUARTER 2024 EARNINGS RESULTS Sixth Street Specialty Lending, Inc. Reports Second Quarter Results; Declares a Third Quarter Base Dividend Per Share of $0.46, and a Second Quarter Supplemental Dividend Per Share of $0.06. NEW YORK — July 31, 2024 — Sixth Street Specialty Lending, Inc. (NYSE: TSLX, or the "Company") today reported net investment income of $0.59 per share and net income of $0.51 per share for the second quarter ended June 30, 2024. These results correspond to an annualized return on e ...

Darrin Hughes/iStock via Getty Images Business development companies often invest in middle-market business debt. These are companies that are too small to make offerings on the bond markets but too large for a typical business loan. The typical loan that a BDC makes yields about prime plus 2 - 3%. On the liabilities side, BDCs use leverage to earn more, and the debt that BDCs incur is typically in the form of a bond, note, or baby bond. By law, BDCs are required to stay below a debt-to-equity ratio of 2. H ...

marchmeena29 My Rating History Sixth Street Lending's investment portfolio as of March 31, 2024 consisted primarily of First Lien investments that accounted for 92% of the business development company's portfolio, representing a 1 percentage point increase compared to the prior quarter. In terms of new investment fundings, 95% of new investments were once again made in First Liens, showing no deviation from second quarter origination levels. As a First Lien-centric BDC, I will compare Sixth Street Lending t ...

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Financial Data and Key Metrics - Net asset value per share pro forma for the impact of the supplemental dividend was $17.11, with spillover income per share estimated at $1.06 [4] - Total commitments in Q1 were $264 million, with total fundings of $163 million across 9 new portfolio companies and upsizes to 5 existing investments [7] - Net funding activity was $54 million after $109 million of repayments [7] - Weighted average revenue and EBITDA of core portfolio companies were $275.5 million and $92.5 million, respectively [9] - Net asset value per share grew by 5.6% since the start of the rate hiking cycle, reaching $17.17 at quarter-end [10] - Total investment income for Q1 was $117.8 million, down 1.5% compared to $119.5 million in the prior quarter [12] - Adjusted net investment income per share was $0.58, with an annualized return on equity of 13.6% [95] - Total investments were $3.4 billion, up 3% from the prior quarter [101] Business Line Data and Key Metrics - 95% of total fundings in Q1 were in new investments, with 5% supporting upsizes to existing portfolio companies [7] - The weighted average rating of the portfolio improved to 1.15 from 1.16 last quarter [9] - 95% of fundings in Q1 were in first lien loans, bringing total first lien exposure to 92% across the portfolio [104] - New Q1 investments in Lane 1 had a weighted average yield at amortized cost of 11.3%, compared to 14.0% for Lane 2 assets [100] Market Data and Key Metrics - Fitch Ratings revised the company's outlook from stable to positive, with a BBB flat rating [5] - The company participated in several cross-platform deals, including the $4.4 billion acquisition of Alteryx [38] - The weighted average yield on debt and income-producing securities decreased slightly from 14.2% to 14.0% [106] Company Strategy and Industry Competition - The company emphasized its omnichannel sourcing capabilities and the value proposition of private credit [6] - The company is rotating out of the structured credit portfolio to crystallize returns and will opportunistically return to this theme [8] - The company highlighted its ability to access additional equity capital to generate attractive risk-adjusted returns [11] - The company amended its $1.7 billion secured credit facility, extending the final maturity on $1.5 billion of commitments through April 2029 [11] - The company is focused on maintaining a weighted average duration on liabilities that exceeds the weighted average life of assets funded by debt [42] - The company is selective in sector exposure, avoiding cyclical businesses and leaning into specific sector themes [90] Management Commentary on Operating Environment and Future Outlook - The company noted the increase in demand for financing solutions in public and private debt markets [32] - The company expects M&A activity to strengthen due to better financing costs and more parity between buyers and sellers [121] - The company remains optimistic about the ability of private credit portfolios to withstand macroeconomic headwinds [89] - The company anticipates the current environment will drive a dispersion between operating and GAAP earnings [88] - The company expects portfolio churn to increase with higher activity levels, driving additional economics [149] Other Important Information - The company declared a supplemental dividend of $0.06 per share and a base quarterly dividend of $0.46 per share [3][35] - The company added one new company to nonaccrual status, resulting in two portfolio companies on nonaccrual across the entire portfolio [107] - The company completed several capital markets transactions, including a bond offering, an equity raise, and a revolving credit facility extension [108] Q&A Session Summary Question: Trajectory of adjusted NII and impact of tighter spreads [46] - Adjusted NII stepped down $2.5 million sequentially, driven by a 5 basis point decline in base rates and tighter spreads [115] - The company remains comfortable with its guidance on adjusted NII for the year [47] Question: Competition and its impact on spreads and structure [157] - Competition has increased, primarily manifesting in compressed spreads, but the company remains selective to ensure it over-earns its cost of capital [33] - The weighted average number of covenants per credit agreement is 1.8%, consistent over time [157] Question: M&A activity and its impact on the portfolio [21] - The company expects M&A activity to strengthen, driven by better financing costs and more parity between buyers and sellers [121] - The company is seeing more opportunities in larger companies with bigger capital structures [126] Question: Portfolio churn and net portfolio growth [66] - The company expects portfolio churn to increase, driven by higher activity levels, but net portfolio growth may remain stable [67] - The company is focused on maintaining a stable balance sheet, with potential for slight growth [67] Question: Capital structure and liquidity [68] - The company has ample liquidity, with $764 million available after adjusting for unfunded commitments [139] - The company is not planning to issue additional bonds unless it can grow assets through an equity raise [82] Question: Opportunity set and complex investments [135] - The company is seeing opportunities in larger companies with complicated capital structures, such as Equinox [122] - The company expects more opportunities in good companies with bad balance sheets due to the higher-for-longer rate environment [151]

Exhibit 99.1 K FIRST QUARTER 2024 EARNINGS RESULTS Sixth Street Specialty Lending, Inc. Reports First Quarter Results; Declares a Second Quarter Base Dividend Per Share of $0.46, and a First Quarter Supplemental Dividend Per Share of $0.06. NEW YORK — May 1, 2024 — Sixth Street Specialty Lending, Inc. (NYSE: TSLX, or Net Investment Income Per Share the “Company”) today reported net investment income of $0.59 per share and net Q1 2024: $0.59 income of $0.53 per share for the first quarter ended March 31, 202 ...