Slide 1: Investor Presentation - Earnings Conference Call
Investor Presentation - Earnings Conference Call
Slide 2: Forward looking statement
Forward looking statement This presentation contains certain statements that may be deemed to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements in this presentation not dealing with his
Slide 3: Fourth Quarter Update 2005
Fourth Quarter Update 2005 STIFEL NICOL
Slide 4: Fourth Quarter "Noise"
Fourth Quarter "Noise" Incurred approximately $3.1 million in integration expenses related to merger Difficult business environment for traditional Stifel ECM post merger announcement One month of combined firm's business
Slide 5: Fourth Quarter Highlights
Fourth Quarter Highlights 2005 2004 % Change Net Revenue $75,796 $64,267 17.94% Net Income $4,968 $6,982 (28.8%) Diluted EPS $0.39 $0.56 (30.4%) Proforma (excluding integration items) Net Income $6,789 $6,982 (2.8%) Diluted EPS $0.52 $0.56 (i, 195) Note: For a reconciliation ef GAAP to ProForma item
Slide 6: 2005 Fiscal Year Review
2005 Fiscal Year Review STIREL Mf ICOLAUS
Slide 7: Full Year Highlights
Full Year Highlights 2005 2004 % Change Net Revenue $263,735 $246,823 6.85% Net Income $19,643 $23,147 (15.1%) Diluted EPS $1.56 $1.88 (17.0%) Proforma (excluding integration items) Net Income $21,500 $22,147 (2.9%) Diluted EPS $1.71 $1.80 (5.0%) Note: For a reconciliation ef GAAP to ProForma items
Slide 8: Merger Update
Merger Update STIREL Mf ICOLAUS
Slide 9: The New Stifel
The New Stifel The largest domestic Equity Research franchise off Wall Street Approximately 1,800 employees in 113 offices in US and Europe Highly Regarded Private Client Group Manages $27 billion in Client Assets Broad Institutional Equity and Fixed Income origination and distribution capabilities
Slide 10: Let's Recap the Merger
Let’s Recap the Merger STIREL Mf ICOLAUS
Slide 11: Consideration to Seller
Consideration to Seller Purchased Net Trading Inventory at Fair Value (Approximately $46 million of marketable securities) Purchased Net Assets valued at $12.2 million Assumed certain liabilities including leases, contracts, and other items related to the operation of the business. Did not assume an
Slide 12: Stock based Incentives to LM Associates
Stock based Incentives to LM Associates Private Placement 1,052,220 Shares Offered at $25 Stock Units 1,807,610 Shares - Three year vesting
Slide 13: Private Placement Balance Sheet Impact
Private Placement Balance Sheet Impact
Slide 14: Stock Based Incentives Income Statement Impact
Stock Based Incentives Income Statement Impact
Slide 15: 2006 Quarterly Income Statement Impact
2006 Quarterly Income Statement Impact Q1 2006 Q2 2006 Q3 2006 Q4 2006 Stock Unit Pre Tax Expense .......... $5,661 $5,661 $5,661 $5,661 Private Placement FAS 123RExpense. 9,752 $0 $0 0) Pre Tax Stock Based Compensation ... $15,413 $5,661 $5,661 $5,661 EPS Effect using 13.9 Million Shares (a). ($0.6
Slide 16: Annual Income Statement Impact
Annual Income Statement Impact
Slide 17: Equity Performance
Equity Performance STIREL Mf ICOLAUS
Slide 18: Stifel Stock Performance
Stifel Stock Performance Syear lyear il Stifel Financial Corp. 340.62% 1 349.91% 1 Stifel Financial Corp. 79.43% 2 Sanders Morris Harris 285.65% D Legg Mason Ine. 269.87% 2 Tees Een 63.38% 3} Legg MasonInc. 229.42% 3 LehmanBrothers 140.51% 3 Lehman Prothers 46.51% 4 Jefferies Group Inc. 187.87% 4 Je
Slide 19: Questions & Answers
STIFEL NICORNES Questions & Answers