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Fund About BXSL Portfolio Shareholder Resources Menu Column Overview Events and Presentations Press Releases SEC Filings Menu Column Corporate Governance Dividends Credit Ratings and Analyst Coverage Blackstone News & Insights Contact Contact Blackstone Secured Lending Blackstone Secured Lending (NYSE: BXSL) is a business development company (BDC) that primarily invests in the first lien senior secured debt of private U.S. companies. investor Resources Q1 2024 Earnings Presentation Differentiated BDC with strong risk-adjusted performance Managed by Blackstone Credit & Insurance, one of the largest alternative credit platforms globally Value-add lender seeking to make companies better through partnership 11.2% annual total net return since inception 1 98.5% of investments are first lien senior secured $10.4B of investments at fair value Recognized by Industry Awards 2 Global Fund Manager of the Year 2023 Americas Junior Lender of the Year 2023 Global Responsible Investor of the Year 2022 Europe Lender of the Year 2022 Europe Junior Lender of the Year 2022 Global Fund Manager of the Year 2021 BDC Manager of the Year 2021 Americas Deal of the Year 2021 Global Responsible Investor of the Year 2021 Global CLO Manager of the Year 2021 Growth of Private Credit Private Credit Has Increased as a Segment of the Total Addressable US Sub-Investment Grade Credit Market* ~$4 Trillion Total Addressable U.S. Credit Market ~$1 Trillion Total U.S. Private Credit Market There is no guarantee that the trends depicted herein will continue or will not reverse. Past performance does not predict future returns. *Source: Bloomberg and LCD as of December 31, 2023. Preqin as of June 30, 2023, which is the latest data available. Total addressable US sub-investment grade credit market defined as the aggregate of the US high yield bonds, US leveraged loans and North American private credit markets. Leveraged loans refer to broadly syndicated loans. Private Credit includes BDCs. More Than Just a Capital Provider The Blackstone Credit & Insurance Value Creation program has created more than $3.5 billion of implied enterprise value for Blackstone Credit & Insurance portfolio companies 3 Enhance Revenue Curated cross-sell opportunities for portfolio companies to enhance revenue Optimize Costs Access to proprietary group purchasing program to optimize cost savings Leverage Expertise Operational support and access to deep expertise and resources in areas such as cybersecurity, ESG and healthcare 4 1 Total return based on NAV. Total return is calculated as the change in NAV per share during the period, plus dividends per share (assuming dividends and distributions are reinvested in accordance with the Company’s dividend reinvestment plan), divided by the beginning NAV per share. Total return does not include sales load. Past performance is not necessarily indicative of future results. 2 Awarded by Private Debt Investor on March 1, 2022, covering the 2021 calendar year, on March 1, 2023, covering the 2022 calendar year, and on March 1, 2024, covering the 2023 calendar year. Blackstone has provided compensation to Private Debt Investor for the ability to communicate the results of this award. Blackstone Credit & Insurance won Americas BDC Manager of the Year in 2021, but did not win this award in 2022 or 2023. Blackstone Credit & Insurance won Global Fund Manager of the Year in 2021 and 2023, but did not win this award in 2022. Blackstone Credit & Insurance won Americas Deal of the Year in 2021, but did not win this award in 2022 or 2023. Blackstone won Global CLO Manager of the Year in 2021, but did not win this award in 2022 or 2023. Blackstone won Global Responsible Investor of the Year in 2021 and 2022, but did not win this award in 2023. Blackstone Credit & Insurance won Americas Junior Lender of the Year in 2023, but did not win this award in 2021 or 2022. The following were awarded to Blackstone Credit & Insurance for the European region: Europe Lender of the Year 2022 (did not win in 2021 or 2023) and Europe Junior Lender of the Year 2022 (did not win in 2021 or 2023). The awards described above may not be representative of any one client’s experience with Blackstone Credit & Insurance and past performance does not predict future returns. The awards herein were provided by Private Debt Investor, a publication addressing private credit markets, and cover the 2021, 2022, and 2023 calendar years. Private Debt Investor determines its industry awards annually by way of nominations and an online reader poll that prompts readers to vote for a particular firm in one or more of multiple enumerated categories, including those shown above and therefore is based on subjective criteria. In addition, their selection to receive the awards and/or their rankings may have been based on a limited universe of participants, and therefore there can be no assurance that a different sampling of participants might not have achieved different results. For the avoidance of doubt, references in this section to information about Blackstone Credit & Insurance from December 31, 2023 or prior refer solely to the Blackstone Credit BDC Advisors LLC and Blackstone Alternative Credit Advisors LP, collectively with their credit-focused affiliates within Blackstone Credit & Insurance. 3 Amounts presented are since inception of the Value Creation Program in 2016, and data presented is based on internal Blackstone data recorded and not from financial statements of portfolio companies. Represents (a) identified total cost reduction at the time cost is benchmarked with portfolio companies, multiplied by (b) enterprise value multiple at the time of Blackstone Credit & Insurance’s initial investment. The number is presented for illustrative purposes and does not reflect actual realized proceeds to Blackstone Credit & Insurance or to the equity sponsor or the company, and there can be no assurance that realized proceeds received by Blackstone or any investor in a Blackstone fund, including us, will be increased as a result. 4 Subject to Blackstone’s internal walls and procedures. Menu Column EXPLORE BXSL About BXSL Portfolio News & Insights Shareholder Resources Contact Us Menu Column MORE FROM BLACKSTONE Blackstone Blackstone Credit & Insurance BCRED © 2024 Blackstone Inc. Transparency & Disclosure Legal Privacy Center Japan Disclaimer Do Not Sell or Share My Personal Information Top Contact Us Investor Relations Blackstone 345 Park Avenue New York, NY 10154 US: +1 (888) 756-8443 International: +1 (646) 313-6590 [email protected] www.blackstone.com Headquarters Blackstone Secured Lending 345 Park Avenue New York, NY 10154 US: +1 (212)-583-5000...