Oppenheimer Holdings, Inc. · NYSE:OPY
Oppenheimer — Q4 2023 Earnings Presentation
13 slides from Oppenheimer's earnings presentation, Jan 29, 2024
Slide 1: Fourth Quarter and Full Year 2023 Investor Update
Oppenheimer Holdings Inc. Fourth Quarter and Full Year 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 and 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 • Tel Aviv, Israel $30.2 mi
Slide 4: Summary Operating Results: 4Q-23 vs. 4Q-22
Earnings per share (Basic) $ 1.07 $ 2.04 -47.6% Earnings per share (Diluted) $ 0.98 $ 1.87 -47.6% Summary Operating Results: 4Q-23 vs. 4Q-22 (Unaudited) 4 Highlights ($000’s, except otherwise indicated) For the 3-Months Ended REVENUE 12/31/23 12/31/22 % Change Commissions $90,074 $88,075 2.3% Adviso
Slide 5: Summary Operating Results: 2023 vs. 2022
Earnings per share (Basic) $ 2.81 $ 2.77 0.1% Earnings per share (Diluted) $ 2.59 $ 2.57 0.1% Summary Operating Results: 2023 vs. 2022 (Unaudited) 5 Highlights ($000’s, except otherwise indicated) For the 12-Months Ended REVENUE 12/31/23 12/31/22 % Change Commissions $349,248 $370,382 -5.7% Advisory
Slide 6: Select Financial Measures
592.7 685.5 823.9 794.2 789.2 2019 2020 2021 2022 2023 Select Financial Measures Revenue ($M) Net Income ($M) Earnings per Share ($) Stockholders’ Equity ($M) 6 12.57 1,033.4 1,198.7 1,394.0 1,110.9 1,248.8 2019 2020 2021 2022 2023 3.82 9.30 11.70 2.57 2.59 2019 2020 2021 2022 2023 EPS - Diluted EPS
Slide 7: Segment Revenue Breakdown: 4Q-23 vs. 4Q-22
Segment Revenue Breakdown: 4Q-23 vs. 4Q-23 7 Pre-Tax Income Breakdown by Segment ($M)Revenue Breakdown by Segment ($M) 4Q-23 Revenue $308.3M 4Q-22 Revenue $313.6M Private Client Asset Management Capital Markets $ $203.8 66% $21.4 7% $81.5 26% Sweep Income / Interest $58.4 1.6 Corp/Other $201.7 64% $
Slide 8: Segment Revenue Breakdown: 2023 vs. 2022
Segment Revenue Breakdown: 2023 vs. 2022 8 Pre-Tax Income Breakdown by Segment ($M)Revenue Breakdown by Segment ($M) Private Client Asset Management Capital Markets 2023 $1,248.8M 2022 $1,110.9M $142.3 $101.1 $ $ $194.4 $142.3 2023 2022 $24.1 $35.8 2023 2022 $(63.0) $(25.7) 2023 2022 $675.7 61% $99.
Slide 9: Wealth Management
Wealth Management* Well recognized brand and one of the few independent, non-bank broker-dealers with full service capabilities Retail Services Full-Service Brokerage Financial Planning, Retirement Services, Corporate & Executive Services & Trust Services Margin & Securities Lending Advisory S
Slide 10: Capital Markets
Capital Markets A leading capital markets business providing sophisticated investment banking, research and trading solutions Healthcare Technology Transportation & Logistics Finance & Real Estate Consumer & Retail Energy Capital Markets Revenue Breakdown 2023 Capital Markets Revenue ($M) Investment
Slide 11: Capital Structure
11 Capital Structure As of December 31, 2023 ($ in thousands) Total Assets: $2,869,175 Stockholders’ Equity: Long-Term Debt: $789,239 $113,050 Total Capitalization: $902,289 Debt to Equity Ratio: 14.3 Gross Leverage Ratio(1): 3.6 Broker-Dealer Regulatory Capital ($ in millions) Regulatory Net Capita
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
Slide 13: For more information contact Investor Relations
For more information contact Investor Relations at info@opco.com