Blue Owl Capital Inc. · NYSE:OWL
Blue Owl Capital — Blue Owl Credit Income — Investor Presentation (May 2023)
23 slides from Blue Owl Capital's investor presentation, May 31, 2023
Slide 1: Blue Owl Credit Income Corp.
Blue Owl Credit Income Corp. Formerly known as: Owl Rock Core Income Corp. As of May 31, 2023 This is neither an offer to sell nor a solicitation of an offer to buy the securities described herein. Only a prospectus for Blue Owl Credit Income Corp. can make such an offer. This material is authorized
Slide 2: About Blue Owl
About Blue Owl Blue Owl is a global alternative asset manager and provider of private capital solutions Direct Lending GP Solutions Real Estate • Direct lending business with $71.6 • GP capital solutions provider to • Real estate solutions provider with billion in assets under management private mar
Slide 3: Blue Owl Credit Income Corp. overview
Blue Owl Credit Income Corp. overview Blue Owl Credit Income Corp. (OCIC) • Leverages Blue Owl’s leading direct lending platform to seek attractive current income and provide portfolio diversification • Invests alongside Blue Owl’s existing diversified direct lending funds, representing the largest
Slide 4: Blue Owl's Credit platform
Blue Owl’s Credit platform Blue Owl’s leading Credit platform is focused on middle and upper-middle-market companies backed by private equity sponsors • Robust proprietary deal flow driven by an extensive network of sponsors • Significant backing from highly sophisticated investors Scale $71.6B • De
Slide 5: Blue Owl is a market leader in Credit
Blue Owl is a market leader in Credit By the numbers $74B+ 8,100+ 665 100+ 1 Originated Since Deals Reviewed Since Partnerships with Private Dedicated Investment Deal Funnel Inception Inception Equity Sponsors Professionals Select accolades1 2021 Best New Middle 2020 Americas 2020 North America 2019
Slide 6: $71B+ in AUM across complementary verticals
$71B+ in AUM across complementary verticals Blue Owl leverages existing origination & underwriting functions to provide solutions for borrowers $71.6 Billion AUM Diversified First Lien Technology Opportunistic Liquid Credit Lending Lending Investing Lending AUM $41.5 billion $3.3 billion $17.2 billi
Slide 7: Investing in today's market is challenging
Investing in today’s market is challenging
Slide 8: Direct lending investments may help to insulate portfolios from rising rates
Direct lending investments may help to insulate portfolios from rising rates In comparison to the traditional suite of fixed income investments, floating rate notes may mitigate the impact of rising interest rates on a portfolio’s value. Illustrative Price Impact of 1% Rise In Interest Rates1 -0.2%
Slide 9: Direct lending has been a consistent source of income
Direct lending has been a consistent source of income Cliffwater Direct Lending Index Performance Annual Total Returns Since Inception Annual Income Return Since Inception 20% 20% 16% 14% 14% 14% 13% 13% 13% 14% 12%12%12%13% 11% 12% 12% 11%11% 11%11%11% 10% 10% 10% 10%10%10% 10% 9% 9% 9% 9% 8% 9% 9%
Slide 10: Why Blue Owl?
Why Blue Owl?
Slide 11: Competitive advantages
Competitive advantages As an extension of Blue Owl’s leading Credit platform, OCIC may possess a number of advantages • Dedicated sponsor coverage model distinguishes Blue Owl from other lenders Distinct sponsor • Relationship-oriented approach at all levels aims to position Blue Owl as a first call
Slide 12: Deep sponsor relationships drive deal flow
Deep sponsor relationships drive deal flow Blue Owl Credit platform has generated deal flow from more than 665 sponsors Select sponsors with whom we’ve transacted As of March 31, 2023. Sponsors shown for educational purposes only and represent some of the more recognizable names to Individual invest
Slide 13: Strong origination activity and disciplined underwriting
Strong origination activity and disciplined underwriting Robust pipeline with more than 8,100 deals reviewed since inception coupled with a rigorous screening process enables the team to pursue only the highest conviction investment opportunities Deal sourcing 8,128 Deal screening 5,431 68% Due dili
Slide 14: A history of compelling credit performance
A history of compelling credit performance Since inception in March 2016, Blue Owl Credit’s annual loss rate of approximately 0.06% has been significantly better than market averages Average annual loss rates1,2 Blue Owl Credit experience3 1.55% Over $65 Billion Capital Deployed 480+ Total Deals Clo
Slide 15: Portfolio and performance
Portfolio and performance
Slide 16: OCIC portfolio snapshot
OCIC portfolio snapshot Industry diversification Breakdown by asset type 14% 2% 2% 30% 5% 14% 2% 9% 4% 10% 80% 5% 5% 7% 5% 6% Internet software and services Healthcare providers and services First lien senior secured Insurance Business services Second lien senior secured Unsecured Food and beverage
Slide 17: OCIC performance
OCIC performance Annualized total distribution rates1 8.99% 9.58% 9.82% Class S Class D Class I Total returns2 1-Month 3-Month YTD 1-Year ITD Class S (with max sales load) -3.06% -1.77% 1.63% 6.67% 5.17% Class S (no sales load) 0.34% 1.67% 5.19% 10.40% 6.85% Class D (with max sales load) -1.10% 0.32
Slide 18: Select case studies
Select case studies PerkinElmer • PerkinElmer is a leading, global provider of spectroscopy lab equipment, consumables for sample testing, and technical services for repair and maintenance. • In August 2022, New Mountain Capital signed an agreement to carve out • $800mm Credit Facilities the Company
Slide 19: OCIC summary of key terms
OCIC summary of key terms Perpetually non-traded business development company; OCIC does not intend to seek a Structure liquidity event Fund leverage Target 0.9x – 1.25x debt-to-equity with regulatory cap at 2.0x Management fee 1.25% of net assets (no management fee on leverage) • 12.5% of net inves
Slide 20: OCIC Risk Factors
OCIC 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
Slide 21: Important Information
Important Information Unless otherwise indicated, the Report Date referenced herein is May 31, 2023. Past performance is not a guarantee of future results. Assets Under Management (“AUM”) refers to the assets that we manage and are generally equal to the sum of (i) net asset value (“NAV”); (ii) draw
Slide 22: Important Information Continued
Important Information Continued Industry Accolades Accolades are independently determined and awarded by their respective publications. Accolades can be based on a variety of criteria including recognition by peers, demonstrated leadership, strategy innovation, deal making skills and more. Neither B
Slide 23: OCIC-DECK- 5-31-23 4975270
ff sue OWL OCIC-DECK- 5-31-23 4975270
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