Blue Owl Capital Inc. · NYSE:OWL
Blue Owl Capital — Blue Owl Credit Income — Q1 2025 Earnings Presentation
16 slides from Blue Owl Capital's earnings presentation, May 2025
Slide 1: Blue Owl Credit Income Corp. Quarterly Earnings Presentation
March 31, 2025 Blue Owl Credit Income Corp. Quarterly Earnings Presentation FINANCIAL REPORTING PROVIDED TO INSTITUTIONAL AND EXISITING INVESTORS ONLY. NOT MARKETING MATERIAL. PROPRIETARY AND CONFIDENTIAL 1
Slide 2: Risk Factors
Risk Factors An investment in Blue Owl Credit Income Corp. (“OCIC”) 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 invo
Slide 3: Review of Q1 2025
Review of Q1 2025 • Net asset value per share: • Class I: $9.49, down from $9.57 as of 12/31/2024 • Class D: $9.47, down from $9.55 as of 12/31/2024 • Class S: $9.46, down from $9.54 as of 12/31/2024 Earnings Summary • Net income per Class I share of $0.16, down from $0.24 as of 12/31/2024 • Net inv
Slide 4: Financial Highlights
Financial Highlights (Dollar amounts in thousands, except per share data; per share data reflects Class I shares and is based on weighted average shares outstanding during the period, except as otherwise noted) Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Net Investment Income Per Share $0.27 $0.29 $0.2
Slide 5: Portfolio Highlights
Portfolio Highlights As of and For Three Months Ended March 31, 2024 June 30, 2024 September 30, December 31, March 31, 2025 (Dollar amounts in thousands) 2024 2024 Investments at Fair Value $18,985,959 $22,186,526 $24,830,079 $26,378,894 $29,460,409 Number of Portfolio Companies 311 337 349 339 349
Slide 6: Portfolio Highlights – New Portfolio Activity
Portfolio Highlights – New Portfolio Activity (Dollar amounts in thousands) For Three Months Ended March 31, 2024 June 30, 2024 September 30, 2024 December 31, 2024 March 31, 2025 Investment Activity at Par: New Investment Commitments (Net of Sell Downs) $3,869,843 $7,618,173 $4,757,262 $6,723,949
Slide 7: Portfolio Highlights – Asset Mix
Portfolio Highlights – Asset Mix $29.5bn 349 31 $272mm 9.7% Portfolio Portfolio Portfolio Company Portfolio Size Debt Portfolio Yield2 Companies Industries EBITDA1 Weighted Average Borrower Statistics1: 2% 3% 1% 1% 3% Overall Q4 2024 Q1 2025 Revenue $1,095mm $1,123mm 93% Senior Secured EBITDA $263m
Slide 8: Portfolio Highlights – Diversification
Portfolio Highlights – Diversification Borrower Diversification Industry Diversification Healthcare providers and services 13.2% Associa: 2.0% Winland Foods: 1.7% PCI: 1.5% Troon Golf: 1.3% Integrity Marketing: 1.2% Internet software and services 11.0% Recochem: 1.2% Datavant: 1.2% Audiotonix: 1.2%
Slide 9: Quarterly Statements of Financial Condition
Quarterly Statements of Financial Condition As of (Dollar amounts in thousands, except per share data; per share September 30, December 31, March 31, 2024 June 30, 2024 March 31, 2025 data is based period end shares, except as otherwise noted) 2024 2024 Assets Investments at Fair Value $18,985,959 $
Slide 10: Quarterly Operating Results Detail
Quarterly Operating Results Detail For the Three Months Ended (Dollar and share amounts in thousands) March 31, 2024 June 30, 2024 September 30, 2024 December 31, 2024 March 31, 2025 Investment Income Interest Income $489,614 $579,170 $634,847 $680,110 $659,581 Dividend Income $33,092 $39,402 $32,3
Slide 11: Portfolio Highlights – Internal Portfolio Ratings
Portfolio Highlights – Internal Portfolio Ratings Non-accrual investments at 3/31/2025 as a percentage of total investments at cost and fair value were 0.3% and 0.1% respectively. (Dollar amounts in thousands) Internal June 30, 2024 September 30, 2024 December 31, 2024 March 31, 2025 Performance Ra
Slide 12: Financing Landscape
Financing Landscape Aggregate Principal Amount Principal Committed / Amount Outstanding Outstanding Interest Rate Maturity Date Debt Maturities (Committed) ($mm) Revolving Credit Facility $3,300 million $1,411 million SOFR + 1.875% 10/18/2029 $15,812 SPV I $525 million $200 million SOFR + 2.00% – 2.
Slide 13: OCIC Dividend Summary
OCIC Dividend Summary Dividends & Dividend Yield Based on NAV per Share1 $0.30 11.7% 12.0% $0.07 10.2% 10.2% 10.2% 10.2% 10.2% $0.25 9.7% 9.6% 9.7% $0.03 $0.03 $0.03 $0.03 10.0% $0.03 $0.02 $0.02 $0.02 $0.20 8.9% 8.8% 8.8% 8.8% 8.9% 8.8% 8.8% 8.8% 8.9% 8.7% 8.0% 8.3% 7.2% 7.5% $0.15 6.0% $0.21 $0.21
Slide 14: Dividend History
Dividend History Date Record Payment Dividend Date Record Payment Dividend Declared Date Date Dividend Type Per Share Declared Date Date Dividend Type Per Share 12/5/2022 1/31/2023 2/24/2023 January ‘23 Monthly Dividend $0.07 2/21/2024 4/30/2024 5/31/2024 April '24 Monthly Dividend $0.07 12/5/2022 1
Slide 15: Important Information
Important Information Unless otherwise noted the Report Date referenced herein is as of 3/31/25. 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-Q
Slide 16: Financial reporting provided to institutional and existing investors only
FINANCIAL REPORTING PROVIDED TO INSTITUTIONAL AND EXISITING INVESTORS ONLY. NOT MARKETING MATERIAL. 7258821.11
Blue Owl Credit Income — Q1 2025 Earnings Presentation on 6ix