Blue Owl Capital Inc. · NYSE:OWL

Blue Owl Capital — Blue Owl Technology Finance Corp. II — Q3 2024 Earnings Presentation

13 slides from Blue Owl Capital's earnings presentation, November 2024

  1. Slide 1: Blue Owl Technology Finance Corp. II Quarterly Earnings Presentation

    September 30, 2024 Blue Owl Technology Finance Corp. II Quarterly Earnings Presentation FINANCIAL REPORTING PROVIDED TO INSTITUTIONAL AND EXISITING INVESTORS ONLY. NOT MARKETING MATERIAL. PROPRIETARY AND CONFIDENTIAL 1

  2. Slide 2: Review of Q3 2024

    Review of Q3 2024 • Net asset value per share of $15.77, up from $15.61 as of 6/30/2024 • Net investment income per share of $0.46, down from $0.50 as of 6/30/2024 Earnings Summary • Net income per share of $0.45, in line with $0.45 as of 6/30/2024 • Annualized ROE on net investment income and net i

  3. Slide 3: 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) Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Net Investment Income Per Share $0.42 $0.42 $0.46 $0.50 $0.46 Net Realized a

  4. Slide 4: Portfolio Highlights

    Portfolio Highlights As of and For Three Months Ended (Dollar amounts in thousands) September 30, 2023 December 31, 2023 March 31, 2024 June 30, 2024 September 30, 2024 Investments at Fair Value $3,384,250 $3,807,639 $3,985,044 $4,613,325 $5,083,969 Number of Portfolio Companies 82 90 98 113 122 Ave

  5. Slide 5: Portfolio Highlights – New Portfolio Activity

    Portfolio Highlights – New Portfolio Activity ​(Dollar amounts in thousands) For Three Months Ended September 30, 2023 December 31, 2023 March 31, 2024 June 30, 2024 September 30, 2024 Investment Activity at Par: New Investment Commitments (Net of Sell Downs) $457,692 $557,030 $413,065 $1,716,267 $7

  6. Slide 6: Portfolio Highlights – Asset Mix

    Portfolio Highlights – Asset Mix 122 32 $256mm $5.1bn Portfolio Portfolio Portfolio Company 10.9% Portfolio Size EBITDA1 Portfolio Yield2 Companies Industries (Traditional Financing) <1% 3% Weighted Average Borrower Statistics1: 6% 2% ​Traditional 3% (89.2% of portfolio by Q2 2024 Q3 2024 FV) Revenu

  7. Slide 7: Portfolio Highlights – Diversification

    Portfolio Highlights – Diversification Borrower Diversification Industry Diversification (By End Market) Systems Software 20.8% Kaseya: 3.2% NPD: 3.0% Application Software 15.9% CSI: 3.0% Grayshift: 2.9% Health Care Technology 11.8% Sitecore: 2.9% Diversified Financial Services 11.0% Anaplan. 2.9% S

  8. Slide 8: Quarterly Statements of Financial Condition

    Quarterly Statements of Financial Condition As of (Dollar amounts in thousands, except per share data; per share data is September 30, 2023 December 31, 2023 March 31, 2024 June 30, 2024 September 30, 2024 based period end shares, except as otherwise noted) Assets Investments at Fair Value $3,384,25

  9. Slide 9: 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 $88,085 $101,435 $108,962 $126,492 $137,802 Dividend Income $10,096 $10,486 $1

  10. Slide 10: Portfolio Highlights – Internal Portfolio Ratings

    Portfolio Highlights – Internal Portfolio Ratings There were no investments on non-accrual as 9/30/24 (Dollar amounts in thousands) ​Internal December 31, 2023 March 31, 2024 June 30, 2024 September 30, 2024 Performance Rating Investments at % of Total Investments at % of Total Investments at % of T

  11. Slide 11: Debt Obligations and Maturity Ladder

    Debt Obligations and Maturity Ladder Aggregate Principal Amount Principal Committed / Amount Outstanding Outstanding Interest Rate Maturity Date Debt Maturities1 ($mm) Revolving Credit $2,453 $1,075 million $365 million SOFR + 200 10/13/2028 Facility Subscription Credit $800 million $535 million SOF

  12. Slide 12: Dividend Information

    Dividend Information Dividend Yield Based on NAV1 9.7% 8.5% 7.7% 7.8% 7.4% 7.4% 6.6% Quarterly Dividend 4.4% $0.38 $0.29 $0.30 $0.33 $0.29 $0.27 $0.24 1.4% $0.16 $0.05 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Dividend Data Date Record Payment Dividend Dividend Per Declared Date Date Typ

  13. Slide 13: Important Information

    Important Information Unless otherwise noted the Report Date referenced herein is as of 9/30/2024. 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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