Blue Owl Capital Inc. · NYSE:OWL
Blue Owl Capital — Owl Rock Technology Income Corp. (ORTIC) — Investor Presentation (April 2022)
27 slides from Blue Owl Capital's investor presentation, April 2022
Slide 1: Owl Rock Technology Income Corp. (ORTIC)
Owl Rock Technology Income Corp. (ORTIC) April 2022 This is neither an offer to sell nor a solicitation of an offer to buy the securities described herein. An offering is made only by the Owl Rock Technology Income Corp. prospectus to individuals who meet minimum suitability requirements. This mater
Slide 2: ORTIC Risk Factors
ORTIC Risk Factors An investment in Owl Rock Technology Income Corp. (“ORTIC”) is speculative and involves a high degree of risk, including the risk of a substantial loss of investment, as well as substantial fees and costs, all of which can impact an investor’s return. The following are some of the
Slide 3: ORTIC Risk Factors Continued
ORTIC Risk Factors Continued • The Adviser and its affiliates face a number of conflicts with respect to ORTIC. Currently, the Adviser and its affiliates manage other investment entities, including Owl Rock Capital Corporation, Owl Rock Capital Corporation II and Owl Rock Core Income Corp., and are
Slide 4: Owl Rock Technology Income Corp. Overview
Owl Rock | A Division of Blue Owl Owl Rock Technology Income Corp. Overview ORTIC seeks to offer investors an efficient access point and risk-adjusted approach to technology investing Access Offers individual investors access to: • Owl Rock’s award-winning institutional direct lending platform1 • Pr
Slide 5: Firm Overview
Firm Overview
Slide 6: About Blue Owl
Owl Rock | A Division of Blue Owl About Blue Owl With $94+ billion of assets under management, Blue Owl is a leading provider of private capital solutions Blue Owl Firm Overview $94+ Billion AUM • Blue Owl is an alternative asset manager NYSE: OWL Direct Lending $39.2B providing investors access to
Slide 7: About Owl Rock
Owl Rock | A Division of Blue Owl About Owl Rock Owl Rock is a leading direct lending platform managed by a seasoned executive team • Robust proprietary deal flow driven by an extensive network of sponsors Scale $39.2B • Significant backing from highly sophisticated investors Assets Under Management
Slide 8: Platform Breakdown
Owl Rock | A Division of Blue Owl Platform Breakdown Complementary verticals that leverage existing origination and underwriting functions with a primary focus on private equity sponsored deals and other corporate solutions $39.2 Billion Assets Under Management Diversified First Lien Technology Oppo
Slide 9: Owl Rock's Credit Performance
Owl Rock | A Division of Blue Owl Owl Rock’s Credit Performance Since inception, Owl Rock’s annual loss rate of approximately 0.05% compares favorably against market averages. No defaults, non-accruals or losses on technology investments since inception. Average Annual Loss Rates1,2 Owl Rock Credit
Slide 10: Similar Fund Performance – Owl Rock Technology Finance Corp. (ORTF)
Owl Rock | A Division of Blue Owl Similar Fund Performance – Owl Rock Technology Finance Corp. (ORTF) ORTIC’s predecessor fund, ORTF, has generated an attractive net IRR of 14.2% without any defaults or non-accruals1,2 NAV Performance and Distributions Performance NAV per Share Last 12 Months Net IR
Slide 11: Technology-Focused Sponsors Owl Rock Has Transacted With
Owl Rock | A Division of Blue Owl Technology-Focused Sponsors Owl Rock Has Transacted With Deep sponsor relationships drive deal flow As of December 31, 2021. Includes select Sponsors with whom ORTF has transacted with in current or past investments. There is no assurance that ORTIC will transact wi
Slide 12: Deep Origination Capabilities And Rigorous Underwriting in Technology
Owl Rock | A Division of Blue Owl Deep Origination Capabilities And Rigorous Underwriting in Technology Since inception, Owl Rock has reviewed approximately $373 billion of technology opportunities and has deployed over $15 billion of capital across the platform Robust Pipeline of Opportunities1 Hig
Slide 13: The Opportunity in Technology Investing
The Opportunity in Technology Investing
Slide 14: Overview of Technology Investing Opportunity
Owl Rock | A Division of Blue Owl Overview of Technology Investing Opportunity We believe there is a significant opportunity in technology finance to offer investors attractive current income and the potential for capital appreciation Technology-related companies represent a large, diverse and growi
Slide 15: Technology Investment Opportunity Is Large and Growing
Owl Rock | A Division of Blue Owl Technology Investment Opportunity Is Large and Growing The overall size of the technology marketplace is growing at a rapid pace. Much of the opportunity in technology investment lies with private companies. North American Technology Market Capitalization1 Public U.
Slide 16: Technology Touches Highly Diverse End Markets
Owl Rock | A Division of Blue Owl Technology Touches Highly Diverse End Markets Cyber Security Big Data Construction Nonprofit Transportation Healthcare Education Hardware E-Commerce Real Estate Insurance Representative Mobile Recruitment/HR Technology Industries and Social Media End Markets $ Manag
Slide 17: Software is Ubiquitous and Diverse
Owl Rock | A Division of Blue Owl Software is Ubiquitous and Diverse Software investing can span a wide range of products and end markets with uncorrelated business drivers Technology Healthcare Application Internet and Digital Financial Systems Software Services / Information Software Media Technol
Slide 18: Historically Technology Debt Has Been Resilient Across Multiple Cycles
Owl Rock | A Division of Blue Owl Historically Technology Debt Has Been Resilient Across Multiple Cycles Cumulative Default Rates by Industry1 (Since 1998) 5.3% 2.1% 1.0% All Industries 2 Technology 3 Software 3 Past performance is not a guarantee of future results. All investments involve risk incl
Slide 19: History of Attractive Risk Adjusted Returns
Owl Rock | A Division of Blue Owl History of Attractive Risk Adjusted Returns While past performance is not a guarantee of future results, direct lending’s growth in popularity among institutional and high net worth investors can, in large part, be attributed to its history of delivering attractive
Slide 20: Senior Secured Debt Has the Highest Payment Priority
Owl Rock | A Division of Blue Owl Senior Secured Debt Has the Highest Payment Priority In the event of a decline in a company’s market value, debt investors are “cushioned” by equity Illustrative Impact of Declining Market on Company A Loan-to-Value = 30% Loan-to-Value = 40% Company A’s Value declin
Slide 21: Owl Rock Technology Income Corp.
Owl Rock Technology Income Corp.
Slide 22: Technology Strategy Overview
Owl Rock | A Division of Blue Owl Owl Rock Technology Strategy Overview • Seeks to provide investors attractive current income and the potential for capital appreciation by making investments in established and high-growth technology companies Investment • Construct a diversified portfolio with diff
Slide 23: Large Technology-Focused Team with Significant Domain Expertise
Owl Rock | A Division of Blue Owl Large Technology-Focused Team with Significant Domain Expertise Technology Investment Committee Doug Ostrover Marc Lipschultz Craig Packer Co-Founder, Co-CIO, CEO Co-Founder, Co-CIO Co-Founder, Co-CIO 25+ Years of Experience 25+ Years of Experience 25+ Years of Expe
Slide 24: ORTIC Summary of Key Terms
Owl Rock | A Division of Blue Owl ORTIC Summary of Key Terms Perpetually non-traded business development company; ORTIC does not intend to seek a Structure liquidity event Management Fee 1.25% of net assets (no management fee on leverage) • 12.5% of net investment income subject to 5% hurdle Incenti
Slide 25: Index Definitions
Index Definitions 10-Year Treasury: The 10-year Treasury note is a debt obligation issued by the United States government with a maturity of 10 years upon initial issuance. A 10-year Treasury note pays interest at a fixed rate once every six months and pays the face value to the holder at maturity.
Slide 26: Important Information
Important Information Unless otherwise indicated, the Report Date referenced herein is December 31, 2021. Past performance is not a guide to future results and is not indicative of expected realized returns. Assets Under Management (“AUM”) refers to the assets that we manage and are generally equal
Slide 27: Owl Rock | A Division of Blue Owl
Owl Rock | A Division of Blue Owl ORTIC-DECK-3-22
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