Crescent Capital BDC, Inc. Quarterly Earnings Presentation December 31, 2025 Disclaimer and Forward-Looking Statement This presentation (the "Presentation") has been prepared by Crescent Capital BDC, Inc. (together with its consolidated subsidiaries, "CCAP," "Crescent BDC" or the "Company") and may be used for informational purposes only. This Presentation contains summaries of certain financial and statistical information about the Company and should be viewed in conjunction with the Company's most recent ...

Dividend and Investment Policies - The company has adopted a dividend reinvestment plan allowing stockholders to reinvest dividends in additional shares of common stock[72]. - The company has elected to be treated as a Regulated Investment Company (RIC) and must distribute at least 90% of its investment company taxable income annually to avoid corporate-level U.S. federal income taxes[99]. - To maintain RIC status, the company must derive at least 90% of its gross income from specific sources, including dividends and interest[102]. Regulatory Compliance - The company is regulated as a Business Development Company (BDC) under the 1940 Act, which requires it to primarily invest in private companies and provide significant managerial assistance[75]. - The company is subject to periodic examinations by the SEC for compliance with the 1940 Act[80]. - The company must adhere to corporate governance requirements set by the Nasdaq Stock Market LLC to maintain its listing[91]. - The company has implemented written compliance policies and procedures to detect and prevent violations of federal securities laws[88]. - The company is required to disclose the effectiveness of its disclosure controls and procedures in its periodic reports[95]. - The company must provide stockholders with annual reports containing audited financial statements and quarterly reports[97]. - The company has a code of ethics that prohibits investments by its personnel in securities that may be purchased or sold by the company[86]. Asset Management and Investment Restrictions - The company must maintain an asset coverage ratio of at least 150% after borrowing, limiting its ability to use debt for investments[78]. - The company is permitted to invest up to 30% of its portfolio in "non-qualifying assets," but must ensure that qualifying assets represent at least 70% of its total assets[81]. Taxation and Financial Exposure - The company is subject to a 4% nondeductible federal excise tax on certain undistributed income unless it meets specific distribution requirements[101]. - If the company fails to qualify as a RIC, all taxable income will be subject to corporate tax rates, and distributions will be taxed as ordinary dividends[107]. - The company may be required to recognize taxable income without receiving cash, particularly from debt obligations treated as having Original Issue Discount (OID)[104]. - The company’s investment practices may be subject to complex tax provisions that could adversely affect its income and deductions[106]. Interest Rate and Currency Risk - The company has significant exposure to interest rate risk, with potential annualized impacts on net interest income ranging from $9.5 million to $(9.4) million based on hypothetical interest rate changes[403]. - The company regularly assesses its interest rate risk and may engage in hedging transactions to mitigate exposure[401]. - As of December 31, 2025, 98.0% of the investments at fair value in the company's portfolio were at variable rates, subject to interest rate floors[402]. - The company had £16.9 million, CHF 18.7 million, AUD $44.8 million, and SEK 11.6 million notional exposure to foreign currency forward contracts as of December 31, 2025[409].

Core Insights - Crescent Capital BDC, Inc. reported a net investment income of $1.81 per share and a net income of $0.93 per share for the year ended December 31, 2025, with a quarterly net investment income of $0.45 and net income of $0.23 for the quarter ended December 31, 2025 [1][7][9] - The company declared a regular cash dividend of $0.42 per share for the first quarter of 2026, payable on April 15, 2026 [1] Financial Highlights - As of December 31, 2025, total investments at fair value were $1,569.4 million, a decrease from $1,598.9 million as of December 31, 2024 [2][3] - Total assets were reported at $1,622.1 million, down from $1,656.3 million a year earlier [2] - Net asset value (NAV) per share was $19.10, compared to $19.98 as of December 31, 2024 [2][17] - Investment income for the year decreased to $167.3 million from $197.4 million in 2024, primarily due to lower interest income [7][8] - Total expenses for the year were $100.4 million, down from $108.4 million in 2024 [8] Portfolio & Investment Activity - The company invested $306.9 million across 25 new portfolio companies and 41 existing portfolio companies during the year ended December 31, 2025 [5] - For the fourth quarter of 2025, investments totaled $70.8 million across five new portfolio companies [6] - The portfolio consisted of 184 companies as of December 31, 2025, with a significant portion in unitranche first lien investments, accounting for 66.7% of the total fair value [3][4] Liquidity and Capital Resources - As of December 31, 2025, the company had $31.5 million in cash and cash equivalents, along with $242.0 million of undrawn capacity on its credit facilities [11] - The weighted average cost of debt was reported at 5.83%, with a debt to equity ratio of 1.25x [11]

Crescent Capital BDC, Inc. Reports Fourth Quarter 2025 Earnings Results; Declares a First Quarter Base Dividend of $0.42 Per Share LOS ANGELES, February 25, 2026 — Crescent Capital BDC, Inc. ("Crescent BDC" or "Company") (NASDAQ: CCAP) today reported net investment income of $1.81 per share and net income of $0.93 per share for the year ended December 31, 2025. For the quarter ended December 31, 2025, net investment income and net income per share were $0.45 and $0.23, respectively. Reported net asset value ...

Core Viewpoint - Crescent Capital BDC, Inc. has rescheduled the release of its financial results for the fourth quarter and fiscal year ended December 31, 2025, to February 25, 2026, after market close, with a conference call scheduled for February 26, 2026, at 12:00 p.m. Eastern Time [1] Group 1: Financial Results Announcement - The financial results for the fourth quarter and fiscal year ended December 31, 2025, will be released on February 25, 2026 [1] - A webcast/conference call will be held on February 26, 2026, at 12:00 p.m. Eastern Time [1] Group 2: Conference Call Information - The conference call will be accessible live on the Investor Relations section of Crescent BDC's website [2] - Participants can join the call by dialing a toll-free number and using the provided Conference ID [2] Group 3: Replay Information - A replay of the earnings call will be available via a webcast link on the Investor Relations section of Crescent BDC's website [3] Group 4: Company Overview - Crescent BDC is a business development company focused on maximizing total return for stockholders through capital solutions for middle market companies [4] - The company is externally managed by Crescent Cap Advisors, LLC, a subsidiary of Crescent [4] - Crescent Capital Group LP, managing approximately $50 billion in assets, specializes in below investment grade credit [5]

Core Viewpoint - Crescent Capital BDC, Inc. has rescheduled the release of its financial results for the fourth quarter and fiscal year ended December 31, 2025, to February 25, 2026, after market close, with a conference call scheduled for February 26, 2026, at 12:00 p.m. Eastern Time [1]. Group 1: Financial Results Announcement - The financial results for the fourth quarter and fiscal year ended December 31, 2025, will be released on February 25, 2026 [1]. - A webcast/conference call will be held on February 26, 2026, at 12:00 p.m. Eastern Time [1]. Group 2: Conference Call Information - The conference call will be accessible live on the Investor Relations section of Crescent BDC's website [2]. - Participants can join the call by dialing a toll-free number and using the provided Conference ID [2]. Group 3: Replay Information - A replay of the earnings call will be available via a webcast link on the Investor Relations section of Crescent BDC's website [3]. Group 4: Company Overview - Crescent BDC is a business development company focused on maximizing total return for stockholders through capital solutions for middle market companies [4]. - The company is externally managed by Crescent Cap Advisors, LLC, a subsidiary of Crescent [4]. - Crescent BDC is regulated as a business development company under the Investment Company Act of 1940 [4]. Group 5: Crescent Capital Group Overview - Crescent Capital Group LP manages approximately $50 billion in assets and specializes in below investment grade credit [5]. - The firm has over 30 years of experience in investing in marketable and privately originated debt securities [5]. - Crescent has a global presence with offices in major cities and employs over 250 staff [5].

Core Viewpoint - Crescent Capital BDC, Inc. will release its financial results for Q4 and the fiscal year ended December 31, 2025, on February 18, 2026, after market close, followed by a conference call on February 19, 2026, at 12:00 p.m. Eastern Time to discuss these results [1]. Group 1: Financial Results Announcement - Crescent BDC will announce its financial results for the fourth quarter and fiscal year on February 18, 2026 [1]. - A conference call will be held on February 19, 2026, at 12:00 p.m. Eastern Time to discuss the financial results [1]. Group 2: Conference Call Information - The conference call will be accessible via the Investor Relations section of Crescent BDC's website [2]. - Participants can join the call by dialing a toll-free number and using a specific Conference ID [2]. Group 3: Company Overview - Crescent BDC is a business development company focused on maximizing total returns for stockholders through capital solutions for middle market companies [4]. - The company is externally managed by Crescent Cap Advisors, LLC, a subsidiary of Crescent Capital Group LP [4]. - Crescent Capital Group LP manages approximately $50 billion in assets and specializes in below investment grade credit [5].

Core Viewpoint - Crescent Capital BDC, Inc. (CCAP) is viewed positively as a deep-value investment opportunity in the business development company sector [1]. Group 1: Company Overview - Crescent Capital BDC, Inc. is identified as a business development company (BDC) that presents a deep-value play for investors [1]. Group 2: Analyst Background - Roberts Berzins has over a decade of experience in financial management, focusing on corporate financial strategies and large-scale financings [1]. - Berzins has contributed to the institutionalization of the REIT framework in Latvia, aimed at enhancing liquidity in pan-Baltic capital markets [1]. - His work includes developing national SOE financing guidelines and frameworks to channel private capital into affordable housing [1]. - Berzins holds a CFA Charter and an ESG investing certificate, and has experience with the Chicago Board of Trade [1].

Core Viewpoint - Crescent Capital BDC, Inc. (CCAP) is viewed positively as a deep-value investment opportunity in the business development company sector [1]. Group 1: Company Overview - Crescent Capital BDC, Inc. is identified as a business development company (BDC) that presents a deep-value play for investors [1]. Group 2: Analyst Background - Roberts Berzins has over a decade of experience in financial management, focusing on corporate financial strategies and large-scale financings [1]. - Berzins has contributed to the institutionalization of the REIT framework in Latvia, aimed at enhancing liquidity in pan-Baltic capital markets [1]. - His work includes developing national SOE financing guidelines and frameworks to channel private capital into affordable housing [1]. - Berzins holds a CFA Charter and an ESG investing certificate, and has experience with the Chicago Board of Trade [1].

Group 1 - The article emphasizes that BDC investors are primarily yield-chasers, focusing on enhancing and diversifying current income streams, which aligns them more with value investors [1] - Roberts Berzins has over a decade of experience in financial management, aiding top-tier corporates in shaping financial strategies and executing large-scale financings [1] - Berzins has contributed to institutionalizing the REIT framework in Latvia to improve liquidity in pan-Baltic capital markets and has worked on national SOE financing guidelines [1] Group 2 - The article highlights Berzins' qualifications, including being a CFA Charterholder and holding an ESG investing certificate, along with his involvement in thought-leadership activities for pan-Baltic capital market development [1]