Piper Sandler Companies · NYSE:PIPR
Piper Sandler Companies — Piper Jaffray Companies — Merger or Acquisition (February 2019)
9 slides from Piper Sandler Companies's merger presentation, Feb 25, 2019
Slide 1: Cautionary Notice Regarding Forward-Looking Statements
Cautionary Notice Regarding Forward-Looking Statements This announcement contains forward-looking statements. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements. These forward-looking statements cover, among other
Slide 2: Combination builds a market-leading equities business
Combination builds a market-leading equities business Increase scale in equity sales & trading with access to a larger percentage of market wallet • Meaningful opportunity to increase market share as clients and sell-side firms consolidate around most relevant providers • Broad product capabilities
Slide 3: Weeden & Co.: A highly recognized equities execution firm
Weeden & Co. A highly recognized equities execution firm • • 96-year-old firm with a strong culture, entrusted with trading since 1922 Provides premier global trading solutions, specializing in best execution through the use of high-touch and program trading, proprietary algorithmic strategies and d
Slide 4: Transaction Highlights
Transaction Highlights PIPER JAFFRAY INVESTOR RELATIONS|5 Transaction • Piper Jaffray Companies (“PJC”) to acquire 100% of Weeden & Co., L.P. (“Weeden & Co.”), an execution broker-dealer for institutional clients • Prior to closing, Weeden & Co. will distribute 100% of excess capital to its sharehol
Slide 5: Financial Highlights
Financial Highlights fully integrated PIPER JAFFRAY INVESTOR RELATIONS|6 Revenue • Weeden & Co. FY2018 gross revenues of $104MM and net revenues of $75MM, up 6% YOY Expenses • Non-GAAP compensation ratio for PJC is expected to be unchanged in 2019 as a result of this transaction • Non-compensation e
Slide 6: Strategic Rationale
Strategic Rationale Combination builds a market-leading equities business Strong cultural overlap Significantly enhances high-touch trading platform Complementary execution product suite • Addition of algo trading, program trading, commission management and derivatives trading capabilities Complemen
Slide 7: Complementary Clients and Products Create a Scalable Platform
Complementary Clients and Products Create a Scalable Platform Combines Weeden’s highly ranked agency execution platform with Piper Jaffray’s strong research sales platform PRODUCTS PIPER JAFFRAY INVESTOR RELATIONS |8 High Touch (Cash) Trading Algo (No-Touch) Trading Commission Management Program Tra
Slide 8: Market Leadership in Equity Trading
Market Leadership in Equity Trading Weeden & Co. has ranked #1 in multiple categories for 15 consecutive years, according to the Greenwich Associates portfolio trading survey Capability of Sales Professionals Advising on Implementation Strategy Minimizing Market Impact Efficient Trade Settlement Ove
Slide 9: Market Leadership in Equity Trading
Market Leadership in Equity Trading GREENWICH ASSOCIATES Weeden & Co. has ranked #1 in multiple categories for 15 consecutive years, according to the Greenwich Associates portfolio trading survey 9O090 00 Overall Port Minimizing Efficient Trade Capability Advising on Trading Quality Market Impact Se
Piper Jaffray Companies — Merger or Acquisition (February 2019) on 6ix