Oppenheimer Holdings, Inc. · NYSE:OPY

Oppenheimer — Investor Presentation (April 2020)

18 slides from Oppenheimer's investor presentation, April 2020

  1. Slide 1: Human Capital Management Overview – Q1 2020

    Human Capital Management Overview – Q1 2020 April 2020

  2. Slide 2: Oppenheimer COVID-19 Market Commentary

    Oppenheimer COVID-19 Market Commentary Market Strategy 3/23/2020, “Back to the Future” S&P 500 Opco Chief Investment Strategist 3500.00 2/19: 3,386.15 3000.00 31.9% decline John Stoltzfus 08t Strategist Chief Investmen 2500.00 Oppenheimer Asset Management Inc. 3/20: 2,304.92 2000.00  A bull market

  3. Slide 3: The COVID-19 Pandemic Drove a Steep Market Selloff

    The COVID-19 Pandemic Drove a Steep Market Selloff Share Price Performance – Impact Post Feb 19, 2020 180 (Indexed to 1/1/19) 160 140 -16.7% 120 -21.6% -23.7% 100 -27.2% -35.1% 80 -36.5% 60 May-19 Nov-19 Mar-19 Apr-19 Mar-20 Jun-19 Aug-19 Oct-19 Feb-19 Sep-19 Feb-20 Jan-19 Jan-20 Jul-19 Dec-19 S&P 5

  4. Slide 4: Oppenheimer is a publicly listed, leading investment bank and full-service investment firm

    Oppenheimer (NYSE: OPY) is a publicly listed, leading investment bank and full-service investment firm that provides advice and financial services to public and private companies, institutions and high net worth investors 3,000 93 $1.03B Employees Offices Revenue               

  5. Slide 5: Premier Investment Banking Franchise

    Premier Investment Banking Franchise  Oppenheimer (NYSE: OPY) is a leading investment bank and full-service investment firm  With over 3,000 employees and $91.0 billion in client assets, Oppenheimer is one of the largest independent broker dealers  Strong global footprint allows for constant enga

  6. Slide 6: Global Team of 40+ Technology Bankers Focused on Key Growth Markets

    Global Team of 40+ Technology Bankers Focused on Key Growth Markets Senior Leadership Internet & Digital Media Robin Graham Angie Pham Managing Director Managing Director Head of Technology, Media & Communications San Francisco San Francisco Education Technology Financial Technology Michael Buchbind

  7. Slide 7: Oppenheimer's HCM Expertise

    Oppenheimer’s HCM Expertise HCM Team Recent HCM Transactions Andy Livadariu $127,105,251 Managing Director Head of HCM Technology has been acquired by has been acquired by has been acquired by Phone: 303-698-5322 Andy.Livadariu@opco.com Initial Public Offering Michael Buchbinder Managing Director, H

  8. Slide 8: Human Capital Management Ecosystem

    New Emerging Challengers Leaders $0-10M $10-25M $25-100M $100M+ Revenue Payroll / HRIS Core HR Workforce Management Sourcing Contingent Labor Recruitment Human Capital Management Ecosystem Marketing / Hiring Tools Talent Acquisition Assessments Applicant Tracking Background Screening/ / Onboarding C

  9. Slide 9: HCM Financing Market Remains Strong

    HCM Financing Market Remains Strong Investor appetite continues to run unabated for differentiated, disruptive companies HCM Growth Equity Financings (> $20M) Top 10 Largest Recent Financings ($M) Aggregate Raise ($B) Deal Volume Total Date Target Lead Investor(s) Round Size Post-Val. Raised 37 37 4

  10. Slide 10: HCM Private Company Financing Leaders

    HCM Private Company Financing Leaders Equity Financing to Date: >$200M ~20 companies $100 - 200M raised $100M+ 100+ companies raised $25-50M $50 - 100M $25 - 50M 10

  11. Slide 11: Recent HCM Private Placement Activity

    Recent HCM Private Placement Activity (USD millions) Date Company Amount Raised Sub-Sector Investors Date Company Amount Raised Sub-Sector Investors AllianceBernstein, AXA, Karlani Blumberg Capital, Claridge, Fonds de Recruitment Workforce Capital, Omidyar Technology 04/06/20 50.0 / 62.0 solidarite

  12. Slide 12: HCM M&A Market Overview

    HCM M&A Market Overview 2019 and 2020 saw landmark transactions and we expect further consolidation in the sector HCM M&A Summary (1) HCM Deals By Category 2014 – 2019 Aggregate Enterprise Value ($M) Deal Volume Deal Value ($B) Deal Volume Core HR 129 140 $25,000 128 130 $1.9 $2.2 7% 120 12% General

  13. Slide 13: Recent HCM Selected M&A Comparables

    Recent HCM Selected M&A Comparables (USD millions) Enterprise EV / LTM Deal Date Acquirer Target Target Summary Value Revenue 03/31/20 Provider of employee scheduling SaaS for businesses in North America NA NA 03/10/20 Provider of open-source learning management SaaS for education and public/private

  14. Slide 14: Application Software Macro Economic Trends

    Application Software Macro Economic Trends Growing Worldwide Software M&A Levels Growth Driven by Private Equity Deal Value ($B) # of Deals Closed PE acquisitions US-listed acquisitions 1036 1135 774 $90 1200 820 810 800 790 780 717 770 760 750 902 740 896 $80 611 730 882 603 720 1000 710 586 700 84

  15. Slide 15: Appendix

    Appendix

  16. Slide 16: HCM Comparable Analysis and Comparison Post COVID Selloff

    HCM Comparable Analysis and Comparison Post COVID Selloff CONSOLIDATORS ($ in millions, except per share data) Market Statistics Valuation Benchmarks Market Statistics Valuation Benchmarks Price @ % of 52-Wk Enterprise EV / Revenue Rev. Growth EV / EBITDA 2019 Rule Price @ % Change Price EV / Revenu

  17. Slide 17: HCM Comparable Analysis and Comparison Post COVID Selloff (Cont.)

    HCM Comparable Analysis and Comparison Post COVID Selloff (Cont.) SOURCING ($ in millions, except per share data) Market Statistics Valuation Benchmarks Market Statistics Valuation Benchmarks Price @ % of 52-Wk Enterprise EV / Revenue Rev. Growth EV / EBITDA 2019 Rule Price @ % Change Price EV / Rev

  18. Slide 18: Confidential

    CONFIDENTIAL THIS DOCUMENT IS FOR DISCUSSION PURPOSES ONLY AND DOES NOT CONSTITUTE ADVICE OF ANY KIND, INCLUDING TAX, ACCOUNTING, LEGAL OR REGULATORY ADVICE, AND OPPENHEIMER & CO. INC. IS NOT AND DOES NOT HOLD ITSELF OUT TO BE AN ADVISOR AS TO TAX, ACCOUNTING, LEGAL OR REGULATORY MATTERS. THIS DOCUM

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