A Leading Global Alternative Asset Manager A leader and pioneer in alternative asset global presence management with 91 billion of AUM Amsterdam London Frankfurt Diversified mix of pro- and counter-cyclical Dublin Beijing Seoul New…
A Broad Array of Investment Strategies CORPORATE DISTRESSED CONTROL CONVERTIBLE LISTED REAL ESTATE DEBT DEBT INVESTING SECURITIES EQUITIES AUM ( in billions) 36.4 18.4 15.9 8.2 7.6 4.3 U.S. High Yield Distressed Global…
Guiding Principles Drive Success and Growth excellence in investing High batting average Risks under control Outperformance in down markets discipline Enduring business model Funds sized appropriately Outperformance over the cycle…
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% 9.9% 8.6% 8.4% 0.55 0.50 0.36…
A Leading Global Credit Business Lower Risk/Return Higher Risk/Return Treasuries Marketable and Global Global High Global Enhanced Traditional securities Investment Senior Loans Yield Bonds Convertibles Income CLOs Grade Bonds…
Oaktree Hallmark: Funds Sized to Opportunity Set opportunities funds sizing ( in billions) -49%1 10.9 Increase fund size ahead of potential market dislocation -51%1 7.0 Scale back funds when opportunity set shrinks 5.5…
A Preferred Alternative Manager according to a recent keefe, bruyette & woods cio survey, oaktree is one of the most preferred alternative managers Please rank (1 through 5) the alternative managers to whom youd be most willing to…
Growing Investor Base of Leading Institutions blue-chip clientele diversifying and growing our clientele 100 largest U.S. pension funds 74 ( in billions) 12/31/06 12/31/14 HNW and sub-advisory AUM 1.5 12.6 States 39 Corporations 407…
Recently Launched Products, A Natural Evolution more than 15 billion of aum in adjacent products launched since 2011 established strategy new step-out aum 12/31/13 aum 12/31/14 ( in millions) ( in millions) EMERGING MARKETS 814…
Long-Term Growth Opportunities ACCESSING Recent sub-advisory relationships with Russell, INCREASING Barclays, Northern Trust, and Vantagepoint DISTRIBUTION RETAIL DEMAND Launched two 40 Act funds in Global High Yield FOR and…
Disciplined Approach to Growth assets under management As of December 31, unless otherwise noted ( in billions) 91 83 84 FGAUM has grown every year since our 77 73 75 founding (with the exception of a 0.3% decrease in 2012) 53…
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 Significant closed-end fund distributions Evergreen…
Incentive Income Pipeline incentive income recognized total accrued incentives, net: 1.0 billion Gross ( in millions) 1,030 25% 33% 461 491 304 42% 2011 2012 2013 2014 Liquidating Funds (Not Yet Paying) 1 Liquidating…
Substantial Asset Value with Significant Upside Includes: book value 11.241 1.5 billion Investments 0.2 billion Net Cash + + accrued incentives 6.541 75% in liquidating or evergreen funds (fund level), net DoubleLine…
2014 Equity Distributions ( in millions) Since our IPO through 1Q14, we paid out 608 approximately 80% of our distributable earnings to investors; in 2Q14, we 575 Distributable Earnings increased our target payout ratio to 85%…
Appendix
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 53% 70% 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 recognized if fund Reflects the amount changes from committed was liquidated at of distributions capital to the…
Reconciliations of Non-GAAP Metrics 2006 1 2007 1 2008 2009 2010 2011 2012 2013 2014 ( in thousands) Reconciliation of Net Income (Loss) Attributable to Oaktree Capital Group, LLC to Distributable Earnings: Net income (loss)…
Reconciliations of Non-GAAP Metrics 2006 1 2007 1 2008 2009 2010 2011 2012 2013 2014 ( in thousands) Reconciliation of Fee-Related Earnings (FRE) to Economic Net Income (ENI): FRE2 60,591 119,121 255,933 290,231 375,362 314,968…
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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