BDC Investor Day

Welcome & Blue Owl Overview

Evolution of the Blue Owl platform, values, strategy, and vision
Marc Lipschultz – Co-Founder & Co-CEO of Blue Owl
Machal Karim – Head of ESG
Dana Sclafani – Managing Director, Head of BDC Investor Relations

Underwriting Process

Differentiated approach to underwriting, industry expertise, and select sector deep dives

Alexis Maged – Managing Director, Head of Credit

Technology Investment Strategy

Technology investment strategy, positioning, and track record

Erik Bissonnette – Managing Director, Co-Portfolio Manager - Technology

Overview of the Non-Traded BDC Market

Expanding opportunity set within private wealth markets and non-traded BDCs

Sean Connor – President, Global Private Wealth

Approach to Financing our BDCs

A tailored and conservative approach to financing the BDC platform

Jonathan Lamm – Chief Financial Officer, Owl Rock
Jerry Devito – Managing Director, Head of Structured Products & Fund Finance

As of July 6, 2023, Blue Owl has rebranded Owl Rock Capital Corporation (“ORCC”) to Blue Owl Capital Corporation (“OBDC”) and Owl Rock is now known as Blue Owl Credit's Platform or the Blue Owl BDCs.

This  webpage is prepared for each of Owl Rock Capital Corporation, Owl Rock Capital Corporation II, Owl Rock Capital Corporation III, Owl Rock Core Income Corp., Owl Rock Technology Finance Corp., Owl Rock Technology Finance Corp. II and Owl Rock Technology Income Corp. (each, an “Owl Rock BDC” and together the “Owl Rock BDCs”) for the benefit of each of their holders of equity and debt securities. This webpage is solely for information purposes in connection with evaluating the business, operations and financial results of each of the Owl Rock BDCs. This webpage does not constitute, and shall not be construed as, an offer to buy or sell, or the solicitation of an offer to buy or sell, any securities, investment funds, vehicles or accounts, investment advice, or any other service by any of the Owl Rock BDCs or their investment advisers. This webpage may not be referenced, quoted or linked by website, in whole or in part, except as agreed to in writing by Blue Owl Capital, Inc. and its affiliates. This webpage contains “forward looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, that are subject to risks and uncertainties. Forward-looking statements can be identified by the use of forward-looking words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "predicts," "intends," "plans," "estimates," "anticipates," "foresees" or negative versions of those words, other comparable words or other statements that do not relate to historical or factual matters. Actual outcomes and results could differ materially from those suggested by this webpage due to the impact of many factors beyond the control of the Owl Rock BDCs, including but not limited to rising interest rates, the availability and cost of credit, inflation rates, economic uncertainty, including instability in the U.S. and international banking systems and global markets, national and international political events, , as well as those described in the “Risk Factors” section of each of the Owl Rock BDCs’ filings with the Securities and Exchange Commission (“SEC”). These factors should not be construed as exhaustive and should be read in conjunction with other cautionary statements that are included in each of the Owl Rock BDCs’ periodic filings and in this webpage. Any such forward-looking statements are made pursuant to the safe harbor provisions available under applicable securities laws and speak only as of the date of this webpage. None of the Owl Rock BDCs assumes an obligation to update or revise any such forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by law. The following slides contain summaries of certain financial and statistical information about the Owl Rock BDCs. The information contained in this webpage is summary information that is intended to be considered in the context of the respective SEC filings of each of the Owl Rock BDCs and other public announcements that any of the Owl Rock BDCs may make, by press release or otherwise, from time to time. In addition, this webpage contains information about the Owl Rock BDCs, their respective portfolio companies and certain of their respective personnel and affiliates, and their respective historical performance. You should not view information related to the past performance of any of the Owl Rock BDCs as indicative of future results. Certain information set forth herein includes estimates and targets and involves significant elements of subjective judgment and analysis. No representations are made as to the accuracy of such estimates or targets or that all assumptions relating to such estimates or targets have been considered or stated or that such estimates or targets will be realized. Nothing in this webpage constitutes the provision of tax, accounting, financial, investment, regulatory, legal or other advice by the Owl Rock BDCs or their respective advisers. Management believes that the use of these non-GAAP financial measures provides an additional tool for investors and potential investors to use in evaluating its ongoing operating results and trends. These non-GAAP measures should not be considered in isolation from, or as an alternative to, financial measures determined in accordance with GAAP. See the footnotes on the slides where these measures are discussed and reconciled to the most directly comparable GAAP measures. The measures described herein represent those non-GAAP measures used by management, in each case, before giving effect to the consolidation of certain funds within its results in accordance with GAAP. These measures should be considered in addition to, and not in lieu of, each of the Owl Rock BDC’s financial statements prepared in accordance with GAAP. The definitions and reconciliations of these measures to the most directly comparable GAAP measures, as well as an explanation of why we use these measures, are included in the Appendix. Amounts and percentages may reflect rounding adjustments and consequently totals may not appear to sum. Certain information discussed in this webpage was derived from third party sources and has not been independently verified and, accordingly, none of the Owl Rock BDCs makes any representation or warranty in respect of this information and does not assume any responsibility for independent verification of such information. This may contain information obtained from third parties, including ratings from credit ratings agencies such as Standard & Poor’s, Fitch Ratings, Moody’s Investor Services, Kroll Bond Rating Agency and DBRS Morningstar. Reproduction and distribution of third party content in any form is prohibited except with the prior written permission of the related third party. Third party content providers do not guarantee the accuracy, completeness, timeliness or availability of any information, including ratings, and are not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, or for the results obtained from the use of such content. THIRD PARTY CONTENT PROVIDERS GIVE NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE.THIRD PARTY CONTENT PROVIDERS SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, EXEMPLARY, COMPENSATORY, PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES, COSTS, EXPENSES, LEGAL FEES, OR LOSSES (INCLUDING LOST INCOME OR PROFITS AND OPPORTUNITY COSTS OR LOSSES CAUSED BY NEGLIGENCE) IN CONNECTION WITH ANY USE OF THEIR CONTENT, INCLUDING RATINGS. Credit ratings are statements of opinions and are not statements of fact or recommendations to purchase, hold or sell securities. They do not address the suitability of securities or the suitability of securities for investment purposes, and should not be relied on as investment advice. The statements contained in this webpage are made as of March 31, 2023, unless another time is specified in relation to them, and access to this webpage at any given time shall not give rise to any interpretation that there has been no change in the facts set forth in this webpage since that date. Certain historical amounts within this webpage were prepared to conform with our accounting policies that were implemented in each of the respective historical years. Therefore, historical amounts may be prepared under different accounting policies than currently implemented. Investment examples are for illustrative purposes only, and have limitations to consider as they typically identify only instances where the investment thesis was or has been successful, and do so with the benefit of hindsight. As such, it should not be assumed that all investments made on behalf of any Blue Owl Fund will be comparable in quality or performance to those shown. FOR EDUCATIONAL PURPOSES ONLY.