OFS Capital (OFS) Earnings Call Presentation

Company Overview - OFS Capital's investment portfolio totals $403 million[11], with total assets of $412 million[11] - The company's net asset value is $160 million, or $11.97 per share[11] - 100% of the loan portfolio is in senior secured loans[11] - Since 2011, OFS Capital has invested approximately $2 billion with an annualized net realized loss rate of approximately 0.24% as of March 31, 2025[11] Financial Performance (Q1 2025) - Net investment income was $0.26 per share, a decrease of $0.04 per share compared to the prior quarter[15] - Net loss on investments was $0.80 per share, primarily related to net unrealized depreciation on debt investments[15] - A quarterly distribution of $0.34 per share was paid on March 31, 2025[15] - The investment portfolio's weighted-average performing income yield decreased to 13.4% from 13.8% during the prior quarter[15] Portfolio Composition - Senior secured loans comprise approximately 54% of all investments[47] - Floating rate loans account for 90% of the loan portfolio[20] - $324 million is invested in portfolio companies, with an average investment of approximately $7.2 million across 45 companies[53] Debt and Liabilities - Unsecured funding makes up 73% of the outstanding liability mix[11] - Total outstanding debt is $248.1 million, with $107 million in undrawn commitments[54]