diff --git a/addons/web/static/lib/owl/owl.js b/addons/web/static/lib/owl/owl.js
index 0cc854ee6f1..fcbb39c1a16 100644
--- a/addons/web/static/lib/owl/owl.js
+++ b/addons/web/static/lib/owl/owl.js
@@ -3020,7 +3020,7 @@
      * Safely outputs `value` as a block depending on the nature of `value`
      */
     function safeOutput(value, defaultValue) {
-        if (value === undefined) {
+        if (value === undefined || value === null) {
             return defaultValue ? toggler("default", defaultValue) : toggler("undefined", text(""));
         }
         let safeKey;
@@ -5509,7 +5509,7 @@
     }
 
     // do not modify manually. This file is generated by the release script.
-    const version = "2.1.1";
+    const version = "2.1.2";
 
     // -----------------------------------------------------------------------------
     //  Scheduler
@@ -5959,8 +5959,8 @@ See https://github.com/odoo/owl/blob/${hash}/doc/reference/app.md#configuration
     Object.defineProperty(exports, '__esModule', { value: true });
 
 
-    __info__.date = '2023-04-17T09:18:31.682Z';
-    __info__.hash = '4b9e6ba';
+    __info__.date = '2023-04-24T14:30:33.579Z';
+    __info__.hash = '63128b7';
     __info__.url = 'https://github.com/odoo/owl';