Oaktree: A Leading Global Alternative Asset Manager A leader and pioneer in alternative asset management global footprint1 with 100 billion of AUM Amsterdam London Frankfurt Diversified mix of pro- and counter-cyclical strategies…
Foundation of Oaktree investment philosophy business principles Primacy of risk control Excellence in investing Emphasis on consistency Proprietary, in-depth research Importance of market inefficiency Commonality of interests…
History of Exceptional Investment Performance superior returns, both gross and risk-adjusted, in our open-end funds Annualized gross return since inception Sharpe ratio since inception2 0.81 9.7% 10.0% 8.6% 8.5% 0.56 0.43 0.28…
Fundraising Activities Across all Fund Categories closed-end fundraising open-end and evergreen market size Largest ever closed-end fund marketing pipeline Significant opportunity across our open-end and evergreen strategies…
Oaktree Hallmark: Funds Sized to Opportunity Set opportunities funds sizing ( in billions) -49%1 10.9 Increase fund size ahead of potential market dislocation 7.0 -51%1 Scale back funds when opportunity set shrinks 5.5 5.1…
Growing Investor Base of Leading Institutions blue-chip clientele diversifying and growing our clientele 100 largest U.S. pension funds 75 ( in billions) 12/31/06 3/31/15 States 39 HNW and sub-advisory AUM 1.5 13.2 Corporations 417…
Recently Launched Products, A Natural Evolution more than 16 billion of aum in adjacent products launched since 2011 established strategy new step-out aum 3/31/14 aum 3/31/15 ( in millions) ( in millions) EMERGING MARKETS 875 907…
Attractive Growth Opportunities Opportunities Description Examples Established Offering investors a diverse range of products Opportunities Funds X/Xb Strategies across distressed debt, control investing, real estate Real Estate VII…
Disciplined Approach to Growth assets under management As of December 31, unless otherwise noted ( in billions) 100 FGAUM has grown every year since our 91 founding (with the exception of a 0.3% 83 84 decrease in 2012) 75 77…
Benefits of Locked-in Capital management fees For the year ended December 31, unless otherwise indicated ( in millions) Management fees have remained stable despite: Open-end funds Evergreen funds Significant closed-end fund…
Incentive Income Pipeline incentive income recognized total accrued incentives, net: 1.1 billion Gross ( in millions) 1,030 16% 45% 461 491 351 39% 2012 2013 2014 3/31/15 LTM Liquidating Funds (Not Yet Paying)…
Substantial Asset Value with Significant Upside Includes: book value 11.561 1.5 billion Investments 0.2 billion Net Cash + + accrued incentives 6.981 84% in liquidating or evergreen funds (fund level), net DoubleLine…
1Q15 LTM Equity Distributions ( in millions) Since our IPO through 1Q15, we paid out approximately 81% of our distributable 516 earnings to investors; in 2Q14, we 484 Distributable Earnings increased our target payout ratio to…
Appendix
Strategy Initiation European Senior Loans European Asia Real Estate Emerging Infrastructure High Yield Principal Debt Markets Investing Bonds Opportunities U.S. High Income Oaktree Power European Global Strategic Value…
Preponderance of Capital in Long-Term Closed-End Funds % Management % of AUM Fees1 Lockup Incentive Income CLOSED-END Distressed debt 20% of LP profits after Control investing 56% 69% 10-11 year fund term return of capital,…
Economic Net Income components of economic net income ( in millions) 1,400 1,270 adjusted net income 1,200 1,051 1,034 972 1,000 + Accrued Incentives (Fund), net1 (EOP) 800 - Accrued Incentives (Fund), net1 (BOP) in…
Distributable Earnings components of distributable earnings adjusted net income ( in millions) 1,400 1,200 - Investment Income (MTM basis) 984 + Receipts Of Investment Income Funds 1,000 + Receipts Of Investment Income…
Disclosures: Fund Table Provides Meaningful Insights Shows when Incentive income management fee basis that would be changes from committed recognized if fund Reflects the amount capital to the lower of was liquidated at of…
Reconciliations of Non-GAAP Metrics Last 12 mos. Ended March 31, 2009 2010 2011 2012 2013 2014 ( in thousands) 2014 2015 Reconciliation of Net Income (Loss) Attributable to Oaktree Capital Group, LLC to Distributable Earnings: Net…
Reconciliations of Non-GAAP Metrics Last 12 mos. Ended March 31, 2009 2010 2011 2012 2013 2014 ( in thousands) 2014 2015 Reconciliation of Fee-Related Earnings (FRE) to Economic Net Income (ENI): FRE1 290,231 375,362 314,968…
Benchmark Disclosures benchmark detail U.S. High Yield Bonds: Citigroup U.S. High Yield Cash-Pay Capped Index. U.S. Convertibles: Oaktree custom convertible index that represents the Credit Suisse Convertible Securities Index from…
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