#1ØARES ARES CAPITAL CORPORATION Debt Investor Presentation Quarter Ended December 31, 2022 Contact: John Stilmar, Investor Relations [email protected] (678) 538 - 1983 Confidential - Not for Publication or Distribution#2#3#4ARES ARES CAPITAL CORPORATION ARCC's Positioning and Team Advantages Confidential - Not for Publication or Distribution#5#6Ares Management With approximately $352 billion in assets under management, Ares Management Corporation is a global alternative investment manager operating an integrated platform across five business groups Global Footprint² Profile Founded AUM Employees Investment Professionals Global Offices Direct Institutional Relationships Listing: NYSE - Market Capitalization The Ares Differentiators Power of a broad and scaled platform enhancing investment capabilities 20+ year track record of compelling risk adjusted returns through market cycles 1997 $352bn ~2,565 ~900 30+ Confidential - Not for Publication or Distribution -1,940 $25.3bn¹ Deep management team with integrated and collaborative approach Pioneer and a leader in leveraged finance, private credit and secondaries AUM Strategies Credit $214.2bn Direct Lending Liquid Credit Alternative Credit Private Equity $34.7bn Corporate Private Equity Special Opportunities Real Assets $66.1bn Real Estate Equity Real Estate Debt Infrastructure. Opportunities Infrastructure Debt Secondaries $22.0bn Private Equity & Credit Secondaries 1. As of February 7, 2023. 2. Jakarta and New Delhi offices are operated by third parties with whom Ares SSG maintains an ongoing relationship relating to the sourcing, acquisition and/or management of investments. 3. AUM managed by Ares Insurance Solutions excludes assets which are sub-advised by other Ares' investment groups or invested in Ares funds and investment vehicles. Real Estate Secondaries Infrastructure Secondaries Strategic Initiatives $15.0bn Ares SSG Ares Insurance Solutions³ Note: As of December 31, 2022. AUM amounts include funds managed by Ivy Hill Asset Management, L.P., a wholly owned portfolio company of Ares Capital Corporation and registered investment adviser. Past performance is not indicative of future results. Ares Acquisition Corporation ØARES ARES CAPITAL CORPORATION#7#8#9#10#11#12#13#14#15#16#17#18#19#20#21#22#23#24#25#26#27#28#29#30#31#32#33