Oppenheimer Holdings, Inc. · NYSE:OPY
Oppenheimer — Investor Presentation (May 2016)
15 slides from Oppenheimer's investor presentation, May 2, 2016
Slide 1: Oppenheimer Holdings Inc. Investor Presentation 1Q-16
OPPENHEIMER HOLDINGS INC. INVESTOR PRESENTATION 1Q-16 Presented by: Robert Lowenthal Senior Managing Director, Chairman of Management Committee Jeffrey Alfano Executive Vice President & Chief Financial Officer
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT 2 This presentation and other written or oral statements made from time to time by representatives of Oppenheimer Holdings Inc. (the “company”) may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E
Slide 3: Overview
OVERVIEW 3 Oppenheimer is a leading investment bank and full-service investment firm that provides financial services and advice to high net worth investors, individuals, businesses and institutions. Private client services and asset management solutions tailored to individuals’ unique financial obj
Slide 4: Current Environment
Economic growth – weakness in China’s economy Decline in oil and other commodity prices Interest rate environment Politics (U.S. Presidential Election 2016) 4 CURRENT ENVIRONMENT Global Industry Regulatory landscape Department of Labor Conflicts of Interest Final Rule Fintech revolutio
Slide 5: Our Cultural Values
Cultural Values Business Principles Talent & Leadership Technology Investments 5 OUR CULTURAL VALUES “Our core values and our culture are the most important and enduring strength of this firm. As we stay true to our principles, always doing what is right and best for our clients, then in the best an
Slide 6: Our Business Principles
Cultural Values Business Principles Talent & Leadership Technology Investments 6 OUR BUSINESS PRINCIPLES Deeply committed to our clients and offer the same level of service to investors of all sizesClient Focus Recommendations for each client are tailored and based on a deep-seeded knowledge of indi
Slide 7: Investing in Talent & Leadership
Changed leadership in Private Client Division 14 new branch managers in the past year Recalibrate expectations of financial advisers New National Head of Recruitment New Financial Adviser recruitment deal Associate Financial Adviser Program Cultural Values Business Principles Talent & Le
Slide 8: Technology Investments
Cultural Values Business Principles Talent & Leadership Technology Investments 8 TECHNOLOGY INVESTMENTS Made substantial investments in technology to satisfy regulatory and compliance needs as well as to better service our clients – New platform for all investment advisory programs – Launched new mo
Slide 9: Let's Look at Our Results
$- $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000 Institutional Equities Investment Banking Taxable Fixed Income Public Finance LET’S LOOK AT OUR RESULTS 9 Business Segment Results TTM 1Q-16 Shareholders' Equity at 3/31/16 (‘000s) $516,346 Book-value at 3/31/16 $38.12 Tangible Book-value
Slide 10: Financial Results Continued
FINANCIAL RESULTS CONTINUED 10 Gross Revenue ($M) Net Income/(Loss) ($ thousands) $840 $860 $880 $900 $920 $940 $960 $980 $1,000 $1,020 $1,040 2011 2012 2013 2014 2015 TTM 3‐31‐16 2011 2012 2013 2014 2015 TTM 3‐31‐16 Net Income $10,316 $(3,613) $25,061 $8,826 $1,962 $(7,604) $(10,000) $(5,000) $‐ $5
Slide 11: Capital Structure as of March 31, 2016
CAPITAL STRUCTURE AS OF MARCH 31, 2016 11 Conservative Risk Profile Ratios Equity to Assets: Capitalization to Assets: Debt to Equity: Gross Leverage Ratio: 20% 25% 29% 5.1X ($ in thousands) March 31, 2016 Total Assets: $2,620,864 Stockholders’ Equity: Long-Term Debt: $516,346 $150,000 Total Capital
Slide 12: Select Financial Measures
0.74 -0.27 1.77 0.62 0.14 -0.29 0.76 -0.27 1.85 0.65 0.14 -0.29 -0.50 0.00 0.50 1.00 1.50 2.00 2011 2012 2013 2014 2015 1Q-16 EPS - diluted EPS - basic 2.0% -0.7% 4.8% 1.7% 0.4% -1.5%-2.0% 0.0% 2.0% 4.0% 6.0% 2011 2012 2013 2014 2015 TTM 1Q-16 1.9% -0.1% 4.3% 2.6% 0.7% -3.7% -6.0% -4.0% -2.0% 0.0% 2
Slide 13: We Continue to Address the ARS Matter
$5.3 $4.5 $35.9 $68.2 $72.0 $85.1 $91.4 $86.8 $84.2 $0.0 $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 $70.0 $80.0 $90.0 $100.0$2.79 $1.30 $0.85 $0.58 $0.30 $0.24 $0.194 $0.167$0.152 $0.0 $0.5 $1.0 $1.5 $2.0 $2.5 $3.0 WE CONTINUE TO ADDRESS THE ARS MATTER 13 Company ($M)Client ($B) ARS Holdings Auction Rate
Slide 14: Positioned Well for a Rising Interest Rate Environment
$111.4 $89.7 $45.5 $37.7 $33.8 $35.1 $35.5 $37.3 $41.4 $46.4 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% $0 $20 $40 $60 $80 $100 $120 Margin Interest Money Fund Sweep Program FDIC Money Market Product ‐ 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 2009 2010 2011 2012 2013 2014 2015 3‐
Slide 15: Thank You for Your Time
THANK YOU FOR YOUR TIME ()PPENHEIMER,
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