Blue Owl Capital Inc. · NYSE:OWL
Blue Owl Capital — Blue Owl Credit Income — Q3 2024 Earnings Presentation
16 slides from Blue Owl Capital's earnings presentation, November 2024
Slide 1: Blue Owl Credit Income Corp. Quarterly Earnings Presentation
September 30, 2024 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 Q3 2024
Review of Q3 2024 • Net asset value per share: • Class I: $9.57, up from $9.56 as of 6/30/2024 • Class D: $9.56, up from $9.55 as of 6/30/2024 • Class S: $9.55, up from $9.53 as of 6/30/2024 Earnings Summary • Net investment income per Class I share of $0.27, down from $0.30 as of 6/30/2024 • Net in
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) Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Net Investment Income Per Share $0.28 $0.28 $0.2
Slide 5: Portfolio Highlights
Portfolio Highlights As of and For Three Months Ended September 30, December 31, March 31, 2024 June 30, 2024 September 30, (Dollar amounts in thousands) 2023 2023 2024 Investments at Fair Value $14,367,280 $16,662,093 $18,985,959 $22,186,526 $24,830,079 Number of Portfolio Companies 261 280 311 337
Slide 6: Portfolio Highlights – New Portfolio Activity
Portfolio Highlights – New Portfolio Activity For Three Months Ended (Dollar amounts in thousands) September 30, December 31, September 30, March 31, 2024 June 30, 2024 2023 2023 2024 Investment Activity at Par: New Investment Commitments (Net of Sell Downs) $1,807,226 $3,491,188 $3,869,843 $7,618,
Slide 7: Portfolio Highlights – Asset Mix
Portfolio Highlights – Asset Mix $24.8bn 349 31 $267mm 10.5% Portfolio Portfolio Portfolio Company Portfolio Size Portfolio Yield2 Companies Industries EBITDA1 Weighted Average Borrower Statistics1: 2% 2%2% 1% 4% Q2 2024 Q3 2024 Revenue $1,088mm $1,094mm 93% Senior EBITDA $253mm $267mm Secured Net L
Slide 8: Portfolio Highlights – Diversification
Portfolio Highlights – Diversification Borrower Diversification Industry Diversification Healthcare providers and services 12.4% Associa: 2.3% Winland Foods: 1.9% Troon Golf: 1.4% Datavant: 1.3% Integrity Marketing: 1.3% Internet software and services 10.9% Recochem: 1.3% Audiotonix: 1.3% OCIC SLF:
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, September 30, March 31, 2024 June 30, 2024 data is based period end shares, except as otherwise noted) 2023 2023 2024 Assets Investments at Fair Value $14,367,2
Slide 10: Quarterly Operating Results Detail
Quarterly Operating Results Detail For the Three Months Ended (Dollar and share amounts in thousands) September 30, 2023 December 31, 2023 March 31, 2024 June 30, 2024 September 30, 2024 Investment Income Interest Income $376,305 $437,488 $489,614 $579,170 $634,847 Dividend Income $29,481 $30,061 $
Slide 11: Portfolio Highlights – Internal Portfolio Ratings
Portfolio Highlights – Internal Portfolio Ratings Non-accrual investments at 9/30/2024 as a percentage of total debt investments at cost and fair value were less than 0.1% (Dollar amounts in thousands) Internal December 31, 2023 March 31, 2024 June 30, 2024 September 30, 2024 Performance Rating Inv
Slide 12: Financing Landscape
Financing Landscape Aggregate Principal Amount Principal Committed / Amount Debt Maturities ($mm) Outstanding Outstanding Interest Rate Maturity Date Revolving Credit Facility $2,245 million $1,200 million SOFR + 2.00% 11/2/2028 SPV I $525 million $300 million Blended 8.03%2 9/16/2033 SPV II $1,500
Slide 13: Dividend Summary
Dividend Summary Dividends & Dividend Yield Based on NAV per Share1 $0.30 11.7% 12.0% $0.07 $0.25 10.2% 10.2% 10.2% 9.7% 9.6% 9.7% $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% 8.7% 8.0% 8.3% 7.2% 7.5% $0.15 6.0% $0.21 $0.21 $0.21 $0.21 $0.21 $0.10 $0.20 $0.20 $0
Slide 14: Dividend History
Dividend History Dividend Dividend Date Record Payment Dividend Date Record Payment Dividend Declared Date Date Type Per Share Declared Date Date Type Per Share 2/23/2021 3/31/2021 4/28/2021 March ‘21 Monthly Dividend $0.05 12/5/2022 12/31/2022 1/26/2023 December ‘22 Monthly Dividend $0.07 2/23/2021
Slide 15: Important Information
Important Information Unless otherwise noted the Report Date referenced herein is as of 9/30/24. 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 EXISITING INVESTORS ONLY. NOT MARKETING MATERIAL.
FINANCIAL REPORTING PROVIDED TO INSTITUTIONAL AND EXISITING INVESTORS ONLY. NOT MARKETING MATERIAL. 7258821.3
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