Capital Southwest Corporation Q4 2025 Earnings Presentation May 15, 2025 8333 Douglas Avenue, Suite 1100 | Dallas, Texas 75225 | 214.238.5700 | capitalsouthwest.com Important Notices Page 2 • These materials and any presentation of which they form a part are neither an offer to sell, nor a solicitation of an offer to purchase, any securities of Capital Southwest. • These materials and the presentations of which they are a part, and the summaries contained herein, do not purport to be complete and no obligat ...

Group 1 - The core viewpoint is that the outsourcing industry (BPO) is being fundamentally disrupted by AI, with predictions that many jobs will disappear by 2030, leading to a complete transformation of the industry [1][3][19] - The global outsourcing market is estimated to exceed $300 billion by 2024, with major companies like Cognizant, Infosys, and Wipro generating annual revenues between $10 billion and $20 billion [3][4] - Approximately 70% of the 9 million workers in the global BPO industry could be replaced by AI, particularly affecting regions like India and the Philippines [3][4][6] Group 2 - Companies like Klarna are transitioning from outsourcing to in-house customer service teams, citing AI's efficiency in handling customer inquiries, which has reduced response times by 82% and decreased repetitive questions by 25% [5][6] - AI startups are emerging in various sectors of the outsourcing industry, such as Decagon in customer service, HappyRobot in logistics, and Salient in debt collection, showcasing the potential for AI to enhance operational efficiency [7][9][10] - Decagon has signed contracts worth over $10 million and is in talks for a new funding round of $100 million, indicating strong market interest and growth potential [8] Group 3 - Traditional outsourcing giants like Wipro, Infosys, and Accenture are increasing their AI investments, with Wipro reporting a 140% increase in AI adoption in existing projects [16][17] - The shift towards AI poses challenges for these companies, as their existing business models, which rely on human labor and hourly billing, conflict with the product-oriented approach required for AI integration [17][19] - The competitive landscape of the outsourcing industry is changing, with technology becoming the primary driver of business processes, transforming customer service from a cost center to a valuable source of customer insights [20][21]

Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or ...

Group 1 - Business Development Companies (BDCs) are effective in leveraging the current high interest rate environment, but not all BDCs are of the same quality [1] - A diversified investment strategy that includes classic dividend growth stocks, BDCs, REITs, and Closed End Funds can enhance investment income while achieving total returns comparable to traditional index funds like the S&P [1]

Chicago Atlantic BDC (LIEN) Q1 2025 Earnings Call May 14, 2025 09:00 AM ET Company Participants Tripp Sullivan - PresidentPeter Sack - CEOMartin Rodgers - CFODino Colonna - PresidentPablo Zuanic - Managing Partner Operator Day, and welcome to the Chicago Atlantic BDC First Quarter twenty twenty five Earnings Conference Call. All participants will be in listen only mode. After today's presentation, there will be an opportunity to ask questions. Please note, today's event is being recorded. I'd now like to tu ...

Financial Data and Key Metrics Changes - Gross investment income for Q1 2025 was $11.9 million, a decrease from $12.7 million in Q4 2024 [11] - Net investment income was $7.6 million or $0.34 per share, compared to $8.0 million or $0.35 per share in the previous quarter [12] - Net expenses were $4.3 million, slightly down from $4.4 million in the last quarter [12] - Net assets at quarter end were $301 million, with NAV per share at $13.19 [12] Business Line Data and Key Metrics Changes - The company has 31 portfolio companies, with 21% of the portfolio invested outside of cannabis [12] - The average debt position size is 3% of the debt portfolio, with 76% of the portfolio being floating rate [13] - The gross weighted average yield on company debt investments is approximately 16.6% [13] Market Data and Key Metrics Changes - The company has originated $52.8 million in gross fundings since October 1, 2024, with $32.3 million committed and $20.8 million funded in Q1 2025 [7] - The pipeline includes approximately $590 million in potential debt transactions across 35 unique companies, with $462 million in cannabis opportunities and $128 million in non-cannabis investments [16] Company Strategy and Development Direction - The company focuses on lending to cannabis companies and other underserved markets, aiming to deploy capital with differentiated risk-reward profiles [5] - The strategy includes maintaining a disciplined underwriting approach and being selective with borrowers to build durable investment portfolios [19] - The company aims to grow its dividend component as it scales its platform, having declared a total of $1.27 in dividends over the last four quarters [8] Management's Comments on Operating Environment and Future Outlook - Management believes the outlook for common sense reforms in the cannabis industry is positive, but the timing remains unpredictable [10] - The company is positioned well for 2025, focusing on proven operators and strong markets to support growth initiatives [10] - Management emphasizes a long-term view of partnership building with operators, regardless of broader market conditions [23] Other Important Information - The company has no non-accruals compared to an industry average of 3.9% [7] - A new $100 million credit facility was closed during the quarter, providing ample liquidity for future investments [14] Q&A Session Summary Question: General macro outlook and deployment readiness - The company maintains a focus on individual state markets rather than the broader U.S. cannabis industry, allowing for disciplined deployment of capital [23][25] Question: Pipeline activity comparison to previous quarters - There is no significant difference in the ratio of cannabis to non-cannabis investments, with fluctuations being ordinary [26] Question: Flexibility to increase the credit facility - The company sees room to grow its senior secured credit facility and add modest unsecured notes in a disciplined manner [27] Question: Debt leverage threshold - The company expects to remain well below industry averages for debt leverage in the foreseeable future [28] Question: Dividend growth expectations - The company does not provide specific dividend guidance but will distribute nearly all of its income by the end of the year [30]

Core Points - Onfolio Holdings Inc. is a holding company that acquires and manages a diversified portfolio of online businesses across various sectors [6] - The company will present at the Emerging Growth Conference on May 22, 2025, providing an opportunity for real-time interaction with its CEO [2][3] - The Emerging Growth Conference focuses on companies with strong management teams and innovative products, aiming to communicate major announcements to the investment community [4][5] Company Overview - Onfolio Holdings targets small online businesses with long-term growth opportunities, positive cash flows, and minimal competitive threats [6] - The company aims to diversify investment risk for its shareholders by acquiring businesses that have not been fully optimized [6] - Onfolio's management team possesses the experience and skillset to add value to acquired businesses [6]

Core Viewpoint - NETSOL Technologies, Inc. reported solid performance in the third fiscal quarter of 2025, highlighting strong growth in services revenue and subscription business, driven by increasing demand for digital finance solutions [2][10]. Financial Performance - Total net revenues for Q3 FY2025 increased by 13% to $17.5 million, compared to $15.5 million in the prior year [3][10]. - Subscription and support revenues rose by 10% to $7.9 million, while services revenues increased by 24% to $9.7 million [4][5][10]. - Gross profit for the quarter was $8.7 million, representing 50% of net revenues, up from $7.5 million or 48% in Q3 FY2024 [5][10]. - Operating expenses were $7.2 million, accounting for 41% of sales, compared to $6.2 million or 40% in the prior year [6][10]. - GAAP net income attributable to NETSOL was $1.4 million, or $0.12 per diluted share, compared to $328,000, or $0.03 per diluted share in Q3 FY2024 [7][10]. - Non-GAAP EBITDA for Q3 FY2025 was $2.2 million, or $0.19 per diluted share, compared to $767,000, or $0.07 per diluted share in the prior year [8][10]. Balance Sheet and Capital Structure - As of March 31, 2025, cash and cash equivalents were $18.8 million, slightly down from $19.1 million as of June 30, 2024 [9][10]. - Working capital was $23.7 million as of March 31, 2025, compared to $23.6 million as of June 30, 2024 [9][10]. Management Commentary - Management emphasized a focus on innovation and operational efficiency, noting significant contracts signed with financial services providers in Oman and Indonesia, indicating growing client confidence [11][10]. - The company aims to continue executing its strategy for sustainable growth and product innovation while delivering long-term value to shareholders [11][10].

Group 1 - FS KKR Capital's quarterly earnings met expectations, indicating stable financial performance [1] - The quality of FS KKR Capital's balance sheet improved quarter-over-quarter, suggesting enhanced financial health [1] - The company supported its dividend through net investment income, reflecting strong operational performance [1] Group 2 - FS KKR Capital is actively growing its portfolio through new investments, indicating a strategic focus on expansion [1]

Company Performance - SPAR Group, Inc. ended the recent trading session at $1.06, showing a +0.95% change from the previous day's closing price, outperforming the S&P 500 which gained 0.73% [1] - The company's stock has decreased by 4.55% over the past month, underperforming the Business Services sector's gain of 9.41% and the S&P 500's gain of 9.07% [1] Earnings Expectations - The upcoming earnings release for SPAR Group, Inc. is anticipated to report an EPS of $0.03, representing a 50% decline compared to the same quarter of the previous year [2] Analyst Estimates - Recent changes to analyst estimates for SPAR Group, Inc. are important for investors, as positive revisions indicate optimism about the company's business and profitability [3] - The Zacks Rank system, which reflects these estimate changes, provides a rating model for actionable insights [4] Zacks Rank and Valuation - SPAR Group, Inc. currently holds a Zacks Rank of 3 (Hold), with no changes in the Zacks Consensus EPS estimate over the past month [5] - The company is trading at a Forward P/E ratio of 8.75, which is a discount compared to the industry average Forward P/E of 18.11 [6] Industry Context - The Business - Services industry, part of the Business Services sector, has a Zacks Industry Rank of 48, placing it in the top 20% of over 250 industries [6] - The strength of individual industry groups is measured by the Zacks Industry Rank, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [7]