Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Q2 2022 Earnings Conference Call August 3, 2022 8:30 AM ET Company Participants Cami VanHorn - Head, IR Joshua Easterly - CEO & Chairman Robert Stanley - President Ian Simmonds - CFO & Secretary Conference Call Participants Finian O'Shea - Wells Fargo Securities Mickey Schleien - Ladenburg Thalmann & Co. Kevin Fultz - JMP Securities Kenneth Lee - RBC Capital Markets Robert Dodd - Raymond James & Associates Ryan Lynch - KBW Melissa Wedel - JPMorgan Chase & Co. ...

(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 SECURITIES EXCHANGE ACT OF 1934. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Exact name of registrant as specified in its charter) Delaware 27-3380000 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 2100 McKinney A ...

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 March 31, 2022 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, esti ...

Financial Data and Key Metrics Changes - The adjusted net investment income per share for Q1 2022 was $0.49, corresponding to an annualized return on equity of 11.6% [9] - The adjusted net income per share was $0.56, corresponding to an annualized return on equity of 13.2% [9] - The net asset value per share at quarter end was $16.88, an increase of $0.15 or 1% from the previous quarter [16] - Total investments decreased slightly to $2.5 billion due to net repayment activities [40] - The average debt to equity ratio decreased from 0.99 times to 0.95 times [41] Business Line Data and Key Metrics Changes - The company committed $79.3 million and funded $52.8 million in Q1, primarily in the software services sector [26] - The weighted average yield on debt and income-producing securities increased to 10.3% from 10.2% quarter-over-quarter [36] - The weighted average revenue and EBITDA of core portfolio companies were $117 million and $31 million, respectively [38] Market Data and Key Metrics Changes - The S&P 500 and US High Yield Index ended Q1 down 4.5% and 4.6%, respectively, marking their worst quarter since Q1 2020 [21] - New issue loan volumes in the middle market were down 51% from a year ago [22] - The weighted average cost of debt outstanding remained relatively flat due to the mechanics of swap contracts [14] Company Strategy and Development Direction - The company is focused on investing in high-quality businesses and maintaining liquidity amid rising interest rates and inflation [12][15] - The company aims to provide differentiated capital solutions in a competitive direct lending landscape [35] - The company received a ratings upgrade from Fitch, reflecting strong performance and sector-leading returns [18] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by inflation, rising interest rates, and geopolitical factors but expressed confidence in the portfolio's strength [12][15] - The company anticipates that rising interest rates will benefit its asset sensitivity, allowing for potential ROE accretion [44] - Management remains optimistic about future opportunities in the private lending market despite current volatility [56][57] Other Important Information - The Board approved a base quarterly dividend of $0.41 per share and a supplemental dividend of $0.04 per share [17] - The company has ample liquidity with $1.2 billion of unfunded revolver capacity against $147 million of unfunded commitments [41] Q&A Session Summary Question: Interest rates and private lending market reaction - Management discussed the impact of rising interest rates on spreads and the potential for the private lending market to react differently than in the past [61][62] Question: Expectations for convertible debt settlement - The company elected to settle the convertible debt primarily in stock, which is expected to be slightly accretive to net asset value [66][67] Question: Competition in the lending market - Management noted that while competition has not yet decreased, there are signs of potential shifts in the market due to recent economic changes [75][76] Question: Opportunities in growth equity - Management acknowledged ongoing opportunities in growth equity but emphasized the need for careful selection based on appropriateness for the company's balance sheet [85][86] Question: Market activity and repayment expectations - Management indicated that while repayment activity may normalize, it is not highly sensitive to interest rate changes, and they expect continued repayment activity [102][111]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 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 001-36364 Sixth Street Specialty Lending, Inc. FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. (Exact name of registrant as specified in its charter) For the quarterly period ended March 31, 2022 Delaware 27-3380000 (State or ...

Sixth Street Specialty Lending Inc. (NYSE:TSLX) Q4 2021 Earnings Conference Call February 18, 2021 8:30 AM ET Company Participants Joshua Easterly - Chairman, Chief Executive Officer Bo Stanley - President Ian Simmonds - Chief Financial Officer Cami VanHorn - Head of Investor Relations Conference Call Participants Finian O’Shea - Wells Fargo Securities Kevin Fultz - JMP Securities Melissa Wedel - JP Morgan Kenneth Lee - RBC Capital Markets Ryan Lynch - KBW Robert Dodd - Raymond James Operator Good morning ...

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 December 31, 2021 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, e ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Dallas, TX 75201 Commission file number 001-36364 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Sixth Street Specialty Lending, Inc. For the fiscal year ended December 31, 2021 (Exact Name of Registrant as Specified in Its Charter) Delaware 27-3380000 (State or other jurisdiction of incorporation ...

Quarter Ended September 30, 2021 EARNINGS PRESENTATION 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 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, ...

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Q3 2021 Earnings Conference Call November 3, 2021 8:30 AM ET Company Participants Joshua Easterly - Chief Executive Officer Bo Stanley - President Ian Simmonds - Chief Financial Officer Conference Call Participants Kevin Fultz - JMP Securities Ryan Lynch - KBW Melissa Wedel - JPMorgan Finian O'Shea - Wells Fargo Robert Dodd - Raymond James Operator Good morning and welcome to Sixth Street Specialty Lending Inc. Third Quarter ended September 30, 2021 Earnings ...