Oakley Capital Investments (OCI) Trading Update summary

Financial performance and NAV

• Net asset value per share reached 708 pence, with a total NAV of £1,249 million as of 30 June 2024.

• NAV per share return, including dividends, was 3.8% since 31 December 2023, or 5.6% before foreign exchange impact.

• Total shareholder return for the period was 4.9%.

Investment activity and portfolio developments

• £184 million was invested in new opportunities across core sectors, including technology, consumer, education, and business services.

• Key investments included Alerce, Steer Automotive Group, Horizons Optical, ProductLife Group, and vitroconnect.

• Anticipated investment of up to £39 million in cybersecurity firm I-TRACING, pending transaction completion.

• Sale of idealista expected to complete in H2 2024, with proceeds of approximately £70 million.

Portfolio company performance

• Portfolio companies benefited from trends like demand for quality education, cloud migration, and online consumer shifts.

• IU Group, Dexters, and Cegid were major contributors to valuation gains.

• Value creation drivers included M&A, AI adoption, market expansion, and earnings quality improvements.