Oppenheimer Holdings, Inc. · NYSE:OPY
Oppenheimer — Q4 2019 Earnings Presentation
14 slides from Oppenheimer's earnings presentation, Feb 3, 2020
Slide 1: Fourth Quarter and Full Year 2019 Investor Update
OPPENHEIMER HOLDINGS INC. Fourth Quarter and Full Year 2019 Investor Update
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. Oppenheimer Snapshot (as of 12/31/19) $1.03billion $53.0million Revenue for 2019 Net Income f
Slide 4: Fourth Quarter and Full Year 2019 Highlights
FOURTH QUARTER AND FULL YEAR 2019 HIGHLIGHTS – Highest gross revenue since 2010 – Highest net income and earnings per share since 2007 – Record assets under management of $32.1 billion at December 31, 2019 – Record client assets under administration of $91.0 billion at December 31, 2019 – Incentive
Slide 5: Summary Operating Results: 4Q-19 (Unaudited)
SUMMARY OPERATING RESULTS: 4Q-19 (UNAUDITED) ($000’s) For the 3-Months Ended Highlights REVENUE 12-31-19 12-31-18 % Change Commissions $ 81,182 $ 83,733 (3.0) . Advisory fees higher due to higher Advisory fees 118,430 81,377 45.5 incentive fees earned on Investment banking 44,364 30,911 43.5 alterna
Slide 6: Summary Operating Results: FY 2019 (Unaudited)
SUMMARY OPERATING RESULTS: FY 2019 (UNAUDITED) ($000’s) For the 12-Months Ended Highlights REVENUE 12-31-19 12-31-18 % Change (2.9) Commissions $ 320,114 $ 329,668 . Year-to-date revenues up Advisory fees 353,671 314,349 12.5 approximately 8% Investment banking 126,211 115,353 9.4 . Advisory fees hi
Slide 7: Select Financial Measures
SELECT FINANCIAL MEASURES Net Income ($M) Return on Equity (%) Earnings per Share ($) Shareholders’ Equity 7
Slide 8: 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 – Private Equity – Financial
Slide 9: Capital Markets
CAPITAL MARKETS A leading capital markets business providing sophisticated investment banking, research and trading solutions INSTITUTIONAL EQUITIES INVESTMENT BANKING FIXED INCOME – Sales and Trading – Mergers & Acquisitions – Taxable Fixed Income – Equity Research – Equity Capital Markets – Non-Ta
Slide 10: Select 4Q-19 Investment Banking Transactions
SELECT 4Q-19 INVESTMENT BANKING TRANSACTIONS $70,250,000 $125,000,000 $150,000,000 $195,615,000 Healthcare Debt Capital Markets Debt Capital Markets Healthcare Confidentially Marketed Public Offering Republic of Suriname Lao People’s Democratic Republic Confidentially Marketed Public Offering & Conc
Slide 11: Capital Structure
CAPITAL STRUCTURE Conservative risk profile with strong balance sheet Liquidity & Capital As of December 31, 2019 ($ in thousands) . During the year ended December 31, 2019, the Company redeemed a total of $50 million (25%) of its Senior Secured Notes Total Assets: $2,464,749 . The Company bought ba
Slide 12: Historical Financial Ratios
HISTORICAL FINANCIAL RATIOS Consolidated Adjusted EBITDA ($M) Long-Term Debt to Consolidated Adjusted EBITDA (x) 1.8x* Consolidated Adjusted EBITDA Margin (%) Interest Coverage (x) 6.3x 12
Slide 13: In Summary…
IN SUMMARY… . Firm’s operating results have significantly improved over the last few years . Business model is low risk and well diversified with low leverage . Building momentum in investment banking business . Increasing shift from transaction-based business to fee-based business . Stable short-te
Slide 14: Investor Relations Contact
For more information contact Investor Relations at info@opco.com