Oaktree Specialty Lending Corporation Direct Lending Approach
OAKTREE
OCSL | Specialty Lending Corporation
Historical Financial Highlights
($ in thousands, except per share data)
Operating Results
Net investment income
Net realized appreciation (depreciation) on investments
Q3'17
Q2'17
Q1'17
Q4'16
Q3'16
Jun-17
Mar-17
Dec-16
Sep-16
Jun-16
$19,390
$18,504
$23,294
$25,695
$29,106
(25,447)
(9,703)
(97,536)
(29,128)
(34,324)
Net increase/decrease in net assets resulting from
$(6,057)
$8,801
$(74,242)
$(3,433)
$(5,218)
Net investment income per common share
$0.14
$0.13
$0.16
$0.18
$0.20
Net realized and unrealized appreciation (depreciation) per
share
(0.18)
(0.07)
(0.68)
(0.20)
(0.24)
Earnings (loss) per share
-
basic
$(0.04)
$0.06
$(0.52)
$(0.02)
$(0.04)
Earnings (loss) per: share
-
diluted
(0.04)
0.06
(0.52)
(0.02)
(0.04)
Distributions per common share
0.02
0.14
0.18
0.18
0.18
Select Balance Sheet and Other Data
Investment Portfolio (at fair value)
$1,790,538
$1,788,686
$1,951,742
$2,165,491
$2,247,455
Total Debt Outstanding
Total Net Assets
Net Asset Value per share
Regulatory Leverage¹
910,734
887,578
1,070,599
1,158,581
1,222,365
1,010,750
1,019,626
1,030,272
1,142,288
1,184,376
$7.17
$7.23
$7.31
$7.97
$8.15
0.76x
0.73x
0.84x
0.83x
0.84x
Total Leverage (incl. SBA debt)
0.90x
0.87x
1.04x
1.01x
1.03x
Shares Outstanding (in thousands)
140,961
140,961
140,961
143,259
145,304
Number of Portfolio Companies, at period end
133
113
123
129
133
Weighted Average Yields, at period end
Debt Investments Total²
10.3%
10.4%
10.3%
10.4%
10.6%
Cash Component
9.1%
9.1%
9.1%
9.6%
9.9%
1
Regulatory leverage ratio, excluding the debentures issued by our small business investment company ("SBIC") subsidiaries.
2 Including our share of the return on SLF JV I debt investments.
Note: Historical results contained herein occurred during prior investment management contract period with Fifth Street Management LLC.
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