Blue Owl Capital Inc. · NYSE:OWL
Blue Owl Capital — Blue Owl Technology Income — Q1 2025 Earnings Presentation
14 slides from Blue Owl Capital's earnings presentation, May 2025
Slide 1: Blue Owl Technology Income Corporation Quarterly Earnings Presentation
March 31, 2025 Blue Owl Technology Income Corporation 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 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
Slide 3: Review of Q1 2025
Review of Q1 2025 • Net asset value per share: • Class I: $10.34, down from $10.42 as of 12/31/2024 • Class D: $10.34, down from $10.42 as of 12/31/2024 • Class S: $10.34, down from $10.42 as of 12/31/2024 Earnings Summary • Net investment income per Class I share of $0.25 flat from $0.25 as of 12/3
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 $0.28 $0.2
Slide 5: Portfolio Highlights
Portfolio Highlights As of and For Three Months Ended (Dollar amounts in thousands) March 31, 2024 June 30, 2024 September 30, 2024 December 31, 2024 March 31, 2025 Investments at Fair Value $3,778,184 $4,418,685 $4,978,776 $5,203,798 $5,432,249 Number of Portfolio Companies 140 159 171 171 173 Aver
Slide 6: Portfolio Highlights – New Portfolio Activity
Portfolio Highlights – New Portfolio Activity For Three Months Ended (Dollar amounts in thousands) March 31, 2024 June 30, 2024 Septem ber 30, 2024 Decem ber 31, 2024 March 31, 2025 Investm ent Activity at Par: New Investment Commitments (Net of Sell Dow ns) $859,259 $1,659,550 $903,131 $1,146,638 $
Slide 7: Portfolio Highlights – Asset Mix
Portfolio Highlights – Asset Mix $5.4bn 173 36 $381mm 9.7% Portfolio Portfolio Portfolio Company Portfolio Size Debt Portfolio Yield2 Companies Industries EBITDA1 Weighted Average Borrower Statistics1: 1% 1% 1st Lien & 2nd Lien 3% 0% (94.5% of portfolio by Q4 2024 Q1 2025 3% FV) Revenue $1,199mm $1
Slide 8: Portfolio Highlights – Diversification
Portfolio Highlights – Diversification Borrower Diversification Industry Diversification Systems Software 15.1% Circana: 2.7% Kaseya: 1.9% Application Software Anaplan: 1.9% 13.5% Grayshift: 1.8% Associa: 1.8% New Relic: 1.7% Health Care Technology 12.5% Blackhawk: 1.6% Barracuda: 1.6% Datavant:1.6%
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) March 31, 2024 June 30, 2024 September 30, 2024 December 31, 2024 March 31, 2025 Assets Investments at Fair Value $3,778,184 $4
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 $97,921 $116,446 $128,266 $133,531 $133,583 Dividend Income $6,340 $7,661 $7,540 $
Slide 11: Portfolio Highlights – Internal Portfolio Ratings
Portfolio Highlights – Internal Portfolio Ratings There were no investments on non-accrual as of 3/31/2025 (Dollar amounts in thousands) June 30, 2024 September 30, 2024 December 31, 2024 March 31, 2025 I nternal Performance Rating Investments at % of Total Investments at % of Total Investments at
Slide 12: Financing Landscape
Financing Landscape Aggregate Principal Amount Principal Committed / Amount Debt Maturities (Committed) ($mm)1 Outstanding Outstanding Interest Rate Maturity Date $2,170 Revolving Credit Facility $1,000 million $390 million S + 188 10/19/2029 SPV Asset Facility I $750 million $420 million S + 240 5/
Slide 13: OTIC Dividend Information
OTIC Dividend Information Dividend Yield Based on NAV per Share1 11.9% 10.2% 9.7% 9.8% 9.8% 9.8% 9.5% 8.8% 8.8% 8.7% 7.9% $0.00 $0.00 $0.04 $0.03 $0.03 $0.03 $0.03 $0.02 $0.00 $0.20 $0.22 $0.22 $0.22 $0.22 $0.22 $0.22 $0.22 $0.22 $0.22 $0.22 Quarterly Dividend Special Dividend Q3'22 Q4'22 Q1'23 Q2'2
Slide 14: Important Information
Important Information Unless otherwise noted the Report Date referenced herein is as of 3/31/2025. 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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