Blue Owl Capital Inc. · NYSE:OWL

Blue Owl Capital — Blue Owl Technology Income — Q4 2023 Earnings Presentation

14 slides from Blue Owl Capital's earnings presentation, March 2024

  1. Slide 1: Blue Owl Technology Income Corp. Quarterly Earnings Presentation

    December 31, 2023 Blue Owl Technology Income Corp. Quarterly Earnings Presentation FINANCIAL REPORTING PROVIDED TO INSTITUTIONAL AND EXISITING INVESTORS ONLY. NOT MARKETING MATERIAL. PROPRIETARY AND CONFIDENTIAL 1

  2. Slide 2: Risk Factors

    Risk Factors An investment in Blue Owl Technology Income Corp. (“OTIC”) 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 risks

  3. Slide 3: Review of Q4 2023

    Review of Q4 2023 • Net asset value per share: • Class I: $10.38, up from $10.28 as of 9/30/2023 • Class D: $10.38, up from $10.28 as of 9/30/2023 • Class S: $10.38, up from $10.28 as of 9/30/2023 Earnings Summary • Net investment income per Class I share of $0.29, up from $0.28 as of 9/30/2023 • Ne

  4. Slide 4: Financial Highlights

    Financial Highlights ​(Dollar amounts in thousands, except per share data; per share data is based on weighted average shares outstanding during the period, except as otherwise noted) Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Net Investment Income Per Share $0.30 $0.30 $0.27 $0.28 $0.29 Net Realized a

  5. Slide 5: Portfolio Highlights

    Portfolio Highlights As of and For Three Months Ended Dec. 31, 2022 Mar. 31, 2023 Jun. 30, 2023 Sept. 30, 2023 Dec. 31, 2023 (Dollar amounts in thousands) Investments at Fair Value $1,996,869 $2,110,076 $2,319,998 $2,855,052 $3,246,741 Number of Portfolio Companies 63 67 75 102 115 Average Investmen

  6. Slide 6: Portfolio Highlights – New Portfolio Activity

    Portfolio Highlights – New Portfolio Activity For Three Months Ended ​(Dollar amounts in thousands) Dec. 31, 2022 Mar. 31, 2023 Jun. 30, 2023 Sept. 30, 2023 Dec. 31, 2023 Investment Activity at Par: New Investment Commitments (Net of Sell Downs) $262,585 $50,802 $222,663 $624,998 $594,484 New Invest

  7. Slide 7: Portfolio Highlights – Asset Mix

    Portfolio Highlights – Asset Mix $3.2bn 115 26 $351mm 11.8% Portfolio Portfolio Portfolio Company Portfolio Size Portfolio Yield2 Companies Industries EBITDA1 Weighted Average Borrower Statistics1: 7% 1% ​Traditional Q3 2023 Q4 2023 (88.9% of portfolio by FV) 7% Revenue $1,215mm $1,252mm EBITDA $324

  8. Slide 8: Portfolio Highlights – Diversification

    Portfolio Highlights – Diversification Borrower Diversification Industry Diversification Systems Software 24.0% Circana: 4.5% Kaseya: 3.8% Application Software 12.9% Sailpoint Technologies: 3.7% Health Care Technology 11.4% Barracuda Networks: 3.4% II-VI: 3.1% Insurance 6.3% Anaplan: 3.0% IT Service

  9. Slide 9: Quarterly Statements of Financial Condition

    Quarterly Statements of Financial Condition As of (Dollar amounts in thousands, except per share data; per share data is based period end shares, except as otherwise noted) Dec. 31, 2022 Mar. 31, 2023 Jun. 30, 2023 Sept. 30, 2023 Dec. 31, 2023 Assets Investments at Fair Value $1,996,869 $2,110,076 $

  10. Slide 10: Quarterly Operating Results Detail

    Quarterly Operating Results Detail For the Three Months Ended ​(Dollar and share amounts in thousands) Dec. 31, 2022 Mar. 31, 2023 Jun. 30, 2023 Sept. 30, 2023 Dec. 31, 2023 Investment Income Interest Income $44,770 $51,348 $58,462 $71,825 $87,840 Dividend Income $5,539 $8,014 $6,400 $6,059 $6,160 O

  11. Slide 11: Portfolio Highlights – Internal Portfolio Ratings

    Portfolio Highlights – Internal Portfolio Ratings There were no investments on non-accrual as of 12/31/2023. (Dollar amounts in thousands) ​Internal March 31, 2023 June 30, 2023 September 30, 2023 December 31, 2023 Performance Rating Investments at % of Total Investments at % of Total Investments at

  12. Slide 12: Financing Landscape

    Financing Landscape Aggregate Principal Amount Principal Committed / Amount Outstanding Outstanding Interest Rate Maturity Date Debt Maturities (Committed) ($mm)1 Revolving Credit Facility $875 million $341 million S + 200 10/23/2028 $1,125 SPV Asset Facility I $750 million $550 million S + 275 5/6/

  13. Slide 13: Dividend Information

    Dividend Information Dividend Yield Based on NAV per Share1 11.9% 10.2% 8.8% $0.08 8.8% 8.7% 7.9% $0.04 Quarterly Dividend $0.20 $0.22 $0.22 $0.22 $0.22 $0.22 Special Dividend Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Historical Dividends Date Payment Dividend Per Date Payment Dividend Per Declared Record

  14. Slide 14: Important Information

    Important Information Unless otherwise noted the Report Date referenced herein is as of 12/31/2023. Past performance is not a guarantee of future results. The information contained in this presentation should be viewed in conjunction with the Company’s most recently-filed Quarterly Report on Form 10

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