Blue Owl Capital Inc. (NYSE:OWL) Q2 2022 Earnings Conference Call August 4, 2022 8:30 AM ET

Company Participants

Ann Dai – MD & Head of IR

Alan J. Kirshenbaum – CFO

Douglas I. Ostrover – Co-Founder & CEO

Marc S. Lipschultz – Co-Founder and Co-President, Blue Owl Capital, Inc.

Michael Rees - Co-Founder and Co-President, Blue Owl Capital, Inc.

Conference Call Participants

Alexander Blostein - Goldman Sachs

Glenn Schorr - Evercore ISI

Patrick Davitt - Autonomous Research

Craig Siegenthaler - Bank of America Securities

Unidentified Analyst -

Adam Beatty - UBS

Kenneth Worthington - J.P. Morgan

Unidentified Analyst -

Operator

Good morning. My name is Joseph, and I will be your conference operator today. At this time, I would like to welcome you to the Blue Owl Second Quarter 2022 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speaker’s remarks there will a question-and-answer session. [Operator Instructions]. Ann Dai, Head of Investor Relations, you may start your conference.

Ann Dai

Thanks, operator and good morning to everyone. Joining me today are Doug Ostrover, our Chief Executive Officer; Marc Lipschultz and Michael Rees, our Co-Presidents; and Alan Kirshenbaum, our Chief Financial Officer.

I'd like to remind our listeners that remarks made during the call may contain forward-looking statements, which are not a guarantee of future performance or results and involve a number of risks and uncertainties that are outside the company's control. Actual results may differ materially from those in forward-statements as a result of a number of factors, including those described from time to time in Blue Owl Capital's filings with the Securities and Exchange Commission. The company assumes no obligation to update any forward-looking statements. We'd also like to remind everyone that we'll refer to non-GAAP measures on the call, which are reconciled to GAAP figures in our earnings presentation available on the Investor Resources section of our website at blueowl.com.

This morning, we issued our financial results for the second quarter of 2022 and reported fee-related earnings, or FRE of $0.14 per share and distributable earnings or DE of $0.13 per share. We also declared a dividend of $0.11 per share payable on August 29th to shareholders of record as of August 22nd. During the call today, we'll be referring to the earnings presentation, which we posted to our website this morning, so please have that on hand to follow along. With that, I'd like to turn the call over to Doug.