Oppenheimer Holdings, Inc. · NYSE:OPY

Oppenheimer — Q4 2023 Earnings Presentation

13 slides from Oppenheimer's earnings presentation, 2024

  1. Slide 1: Fourth Quarter and Full Year 2023 Investor Update

    Oppenheimer Holdings Inc. Fourth Quarter and Full Year 2023 Investor Update

  2. 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. ("Oppenheimer” or the “company”) may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, a

  3. 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 12/31/23) Listed NYSE Ticker: OPY $1.2 billion $30.2 million Reve

  4. Slide 4: Summary Operating Results: 4Q-23 vs. 4Q-22 (Unaudited)

    Summary Operating Results: 4Q-23 vs. 4Q-22 (Unaudited) ($000’s, except otherwise indicated) For the 3-Months Ended REVENUE 12/31/23 12/31/22 % Change Highlights Commissions $90,074 $88,075 2.3% Reduced revenue, net income, and earnings per share for 4Q-23 largely reflected fewer Advisory fees 105,46

  5. Slide 5: Summary Operating Results: 2023 vs. 2022 (Unaudited)

    Summary Operating Results: 2023 vs. 2022 (Unaudited) ($000’s, except otherwise indicated) For the 12-Months Ended Highlights REVENUE 12/31/23 12/31/22 % Change Revenue of $1.2 billion, net income of $30.2 Commissions $349,248 $370,382 -5.7% million and basic earnings per share of $2.81 for the full

  6. Slide 6: Select Financial Measures

    Select Financial Measures Revenue ($M) Net Income ($M) 1,394.0 1,198.7 1,248.8 159.0 1,110.9 1,033.4 123.0 1 53.0 43.2 32.4 30.2 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 Net Income Adjusted Net Income Earnings per Share ($) Stockholders’ Equity ($M) 823.9 794.2 789.2 12.57 685.5 9.73 11.70

  7. Slide 7: Segment Revenue Breakdown: 4Q-23 vs. 4Q-22

    Segment Revenue Breakdown: 4Q-23 vs. 4Q-23 Revenue Breakdown by Segment ($M) Pre-Tax Income Breakdown by Segment ($M) 4Q-22 4Q-23 Revenue $49.3 $308.3M Sweep Income / Interest Private Client 4Q-23 $81.5 $58.4 $53.9 26% $21.4 1.6 $(5.0) $5.0 $15.0 $25.0 $35.0 $45.0 7% Corp/Other $203.8 4Q-22 66% $9.8

  8. Slide 8: Segment Revenue Breakdown: 2023 vs. 2022

    Segment Revenue Breakdown: 2023 vs. 2022 Revenue Breakdown by Segment ($M) Pre-Tax Income Breakdown by Segment ($M) 2022 2023 $142.3 $101.1 $1,248.8M Private Client Sweep Income / $345.9 Interest 2023 $257.9 $194.4 28% $142.3 12.7 $88.4 Corp/Other 7% $801.8 2022 64% $35.8 Asset Management 2022 2023

  9. Slide 9: 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 Retail Investments  Full-Service Brokerage  Investment Policy Design &  Hedge Funds & Fund-of-Funds Implementation  Private Equity  F

  10. Slide 10: Capital Markets

    Capital Markets A leading capital markets business providing sophisticated investment banking, research and trading solutions Investment Banking Retail Services Institutional Equities Capital Markets Revenue ($M) Focus Industries  Sales and Trading  Equity Research Healthcare 626 − 35+ senior rese

  11. Slide 11: Capital Structure

    Capital Structure Liquidity & Capital As of December 31, 2023 ($ in thousands)  Stockholders’ equity of $789.2 million as of December 31, 2023 Total Assets: $2,869,175  Book value of $76.72 per share reached record levels at December 31, 2023 Stockholders’ Equity: $789,239  The Board of Directors

  12. Slide 12: Explanation of Non-GAAP Financial Measures

    Explanation of Non-GAAP Financial Measures The company included certain non-GAAP financial measures within these materials to supplement the U.S. GAAP financial information. Adjusted results begin with information prepared in accordance with U.S. GAAP, and such results are adjusted to exclude certai

  13. Slide 13: For more information contact Investor Relations at info@opco.com

    For more information contact Investor Relations at info@opco.com

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