Oppenheimer Holdings, Inc. · NYSE:OPY
Oppenheimer — Q3 2018 Earnings Presentation
12 slides from Oppenheimer's earnings presentation, November 2018
Slide 1: Oppenheimer Holdings Inc. Third Quarter Update
Oppenheimer Holdings Inc. Third Quarter Update November 2018
Slide 2: Safe Harbor Statement
Safe Harbor Statement 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 of
Slide 3: Business Overview
Business Overview 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. (1) Oppenheimer Snapshot (as of 09/30/18) $237.8 million 82.1% Listed NYSE Ticker: OPY Revenu
Slide 4: Summary Operating Results (Unaudited)
Summary Operating Results (Unaudited) ($000’s) For the 3-Months Ended Highlights REVENUE 9-30-18 9-30-17 % Change Commissions $ 79,678 $ 77,635 2.6% Management fees continue to Advisory fees 78,154 74,329 5.1% increase due to higher net new Investment banking 28,328 23,940 18.3% assets and market ap
Slide 5: Third Quarter Financial Highlights
Third Quarter Financial Highlights (In $millions) Advisory Fees Investment Banking Revenue Interest and Fee Revenues Commission Revenue Principal Transactions Revenue (1) (1) 3Q-18 principal transaction revenue after backing out $8.1 million of recognized losses related to sales of ARS. 5
Slide 6: Business Segments
Business Segments Our business is well diversified across a wide range of clients, services and industries Business Mix – TTM Revenue ($983.4mm)(1) Private client services and asset WEALTH MANAGEMENT management solutions tailored to unique financial objectives Investment banking services and CAPITAL
Slide 7: Wealth Management
Wealth Management Well recognized brand and one of the few independent, non-bank broker-dealers with full service capabilities RETAIL SERVICES ADVISORY SERVICES ALTERNATIVE INVESTMENTS – Full-Service Brokerage – Investment Policy Design & – Hedge Funds and Fund-of-Funds – Financial Planning, Retirem
Slide 8: Capital Markets
Capital Markets A leading capital markets business providing sophisticated investment banking, research, and trading solutions INSTITUTIONAL EQUITIES INVESTMENT BANKING GLOBAL FIXED INCOME – Sales and Trading – Mergers & Acquisitions – Taxable Fixed Income – Equity Research – Equity Capital Markets
Slide 9: Select 3Q-18 Investment Banking Transactions
Select 3Q-18 Investment Banking Transactions $85,000,000 $50,000,000 $32,000,000 Undisclosed Technology, Media & Communications Financial Institutions & Real Estate Technology, Media & Communications Transportation & Logistics Mergers & Acquisitions Unsecured Notes Offering Equity Private Placement
Slide 10: Capital Structure
Capital Structure Conservative risk profile with strong balance sheet Liquidity & Capital Issued $200 million 5 year 6.75% Senior Secured Notes in June 2017 Level 3 assets represent .91% of total assets (lowest level since 1Q-10) During the 3Q-18, the Company obtained additional liquidity on its ARS
Slide 11: Historical Financial Ratios
Historical Financial Ratios Consolidated Adjusted EBITDA ($mm) Long-Term Debt to Consolidated Adjusted EBITDA (x) Consolidated Adjusted EBITDA Margin (%) Interest Coverage (x) 11
Slide 12: For more information contact Investor Relations at info@opco.com
For more information contact Investor Relations at info@opco.com 2307903.1