Oppenheimer Holdings, Inc. · NYSE:OPY
Oppenheimer — Q2 2023 Earnings Presentation
10 slides from Oppenheimer's earnings presentation, Jul 31, 2023
Slide 1: Oppenheimer Holdings Inc. Second Quarter 2023 Investor Update
Oppenheimer Holdings Inc. Second Quarter 2023 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. ("Oppenheimer” or the “company”) may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, a
Slide 3: Business Overview: Oppenheimer Snapshot
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. 3 • Hong Kong, China• London, UK • Geneva, Switzerland • St. Helier, Isle of Jersey • Munich, Germany • Tel Avi
Slide 4: Summary Operating Results: 2Q-23 vs. 2Q-22
Loss per share (Basic) $ (0.85) $ (0.32) 165.6% Loss per share (Diluted) $ (0.85) $ (0.32) 165.6% Summary Operating Results: 2Q-23 vs. 2Q-22 (Unaudited) 4 Highlights ($000’s) For the 3-Months Ended REVENUE 6/30/23 6/30/22 % Change Commissions $ 88,544 $ 94,378 -6.2% Advisory fees 101,015 107,405 -5.
Slide 5: Select Financial Measures
5 Select Financial Measures Earnings per Share ($) Net Income ($M)Revenue ($M) Shareholders’ Equity ($M) (0.85)(0.32) 2.77 12.57 9.73 4.10 1,033.4 1,198.7 1,394.0 1,110.9 237.2 306.2 2019 2020 2021 2022 2Q-22 2Q-23 3.82 9.30 11.70 2.57 -0.32 -0.85 2019 2020 2021 2022 2Q-22 2Q-23 EPS - Diluted EPS -
Slide 6: Segment Revenue Breakdown 2Q-23 vs. 2Q-22
6 Segment Revenue Breakdown 2Q-23 vs. 2Q-22 Pre-Tax Income Breakdown by Segment ($M)Revenue Breakdown by Segment ($M) Private Client Asset Management Capital Markets 2Q-23 Revenue $306.2M 2Q-22 Revenue $237.2M 2Q-22 2Q-22 2Q-22 2Q-23 2Q-23 2Q-23 203.4 63% 150.8 57% 203.4 63% 90.3 28% $54.5 144.5 61%
Slide 7: Wealth Management
Wealth Management* Well recognized brand and one of the few independent, non-bank broker-dealers with full service capabilities Retail Services Full-Service Brokerage Financial Planning, Retirement Services, Corporate & Executive Services & Trust Services Margin & Securities Lending Advisory S
Slide 8: Capital Markets
7.6% Sales & Trading Revenues 2Q-23 vs 2Q-22 Capital Markets A leading capital markets business providing sophisticated investment banking, research and trading solutions Healthcare Technology Transportation & Logistics Finance & Real Estate Consumer & Retail Energy Capital Markets Revenue Breakdo
Slide 9: Capital Structure
9 Capital Structure Book & Tangible Book Value per Share ($) Liquidity & Capital (1) Total Assets divided by Total Stockholders' Equity. Stockholders’ equity of $788.3 million as of June 30, 2023 Book value ($71.77) and tangible book value ($56.29) per share increased from the prior year period
Slide 10: For more information contact Investor Relations
For more information contact Investor Relations at info@opco.com