Pearl Diver Credit Company Inc. · NYSE:PDCC

Pearl Diver Credit — Q1 2026 Earnings Presentation

15 slides from Pearl Diver Credit's earnings presentation, May 19, 2026

  1. Slide 1: Pearl Diver Credit Company Inc. 2026 Q1 Earnings Presentation

    Pearl Diver Credit Company Inc. (NYSE: PDCC, PDPA) 2026 Q1 Earnings Presentation May 19, 2026 1

  2. Slide 2: Disclaimer

    Disclaimer This presentation and the information and views included herein do not constitute investment advice, or a recommendation or an offer to enter into any transaction with Pearl Diver Credit Company Inc. (“PDCC” or the “Company”) or any of its affiliates. This presentation is provided for inf

  3. Slide 3: Forward-Looking Statements

    Forward-Looking Statements The following presentation includes certain forward-looking statements of the Company’s management. Forward-looking statements are statements that estimate the happening of future events and are not based on historical fact. Forward-looking statements may be identified by

  4. Slide 4: Maximizing Diversified CLO Equity Portfolio's Total Return & Generating High Current Income

    Maximizing Diversified CLO Equity Portfolio’s Total Return & Generating High Current Income Overview Portfolio as of March 31, 2026  Among the largest teams globally dedicated exclusively to CLO tranche investing $72.0mm 60 CLOs Portfolio NAV Highly Diverse Portfolio  Combined 140+ years of experi

  5. Slide 5: Differentiated, Machine Learning Approach to CLO Equity Investing

    Differentiated, Machine Learning Approach to CLO Equity Investing Exclusively focused CLO investor with integrated quantitative approach to credit, securitization analytics, and trading Machine Learning Trading, Corporate Fundamental Credit I Based Quantitative II Analytics Platform III Restructurin

  6. Slide 6: Proprietary Technology Drives Enhanced Investment Process and Risk Management

    Proprietary Technology Drives Enhanced Investment Process and Risk Management Portfolio Construction Real-time Credit Risk Pricing  Take a line-by-line approach to credit, assigning an in-house rating for each Balanced Approach: Mitigate risk loan in every CLO through diversification across asset 

  7. Slide 7: CLO Equity Overview – A Primer

    CLO Equity Overview – A Primer CLOs are securitizations of diverse portfolios of senior secured loans Structure Highlights¹ Representative CLO Balance Sheet¹ Assets Liabilities & Equity Cash-flow CLOs fund purchase of a diverse portfolio of senior secured corporate loans Achieved through issuance of

  8. Slide 8: Broadly Syndicated Corporate Loans – The Feedstock of CLOs

    Broadly Syndicated Corporate Loans – The Feedstock of CLOs Attributes Representative Capital Structure Senior: Senior position in corporate borrower’s capital structure Senior Secured Loans 30-50% Secured: First lien security interest on corporate borrower’s assets Recovery Seniority Bonds (Senior U

  9. Slide 9: Q1 Earnings and Portfolio Highlights

    Q1 Earnings and Portfolio Highlights 9

  10. Slide 10: Financial Results for the Quarter Ended March 31, 2026

    Financial Results for the Quarter Ended March 31, 2026 Portfolio and Investment Operating Results Dividend and Capital Activity Activity  Investment income of $4.8  Recurring cash flows of $10.4  NAV per share of $10.48 million, or $0.70 per share million, or $1.53 per share – in excess of distri

  11. Slide 11: Summary Financial Statements for the Quarter Ended March 31, 2026

    Summary Financial Statements for the Quarter Ended March 31, 2026 Statement of Assets and Liabilities at March 31, 2026 (unaudited) Assets Investments, at fair value (Cost $165,738,764) $ 111,486,135 Short-term investments, at fair value (Cost $698,455) 698,455 Unrealized appreciation on forward cur

  12. Slide 12: Summary Financial Statements for the Quarter Ended March 31, 2026

    Summary Financial Statements for the Quarter Ended March 31, 2026 Statement of Operations for the quarter ended March 31, 2026 (unaudited) Investment Income Collateralized Loan Obligations‐Equity $ 4,728,487 Collateralized Loan Obligations‐Debt 14,582 Interest Income 39,718 4,782,787 Expenses Adviso

  13. Slide 13: Portfolio Highlights at March 31, 2026

    Portfolio Highlights at March 31, 2026 13

  14. Slide 14: Portfolio Highlights at March 31, 2026

    Portfolio Highlights at March 31, 2026 14

  15. Slide 15: Company Information

    Company Information Pearl Diver Credit Company Inc. The Investment Adviser 747 Third Ave Suite 3603 Pearl Diver Capital LLP New York, NY 10017 New York: www.pearldivercreditcompany.com 747 Third Ave Suite 3603 New York, NY 10017 Contact: [email protected] London: US: +1 617 872 0945 52 Conduit

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