Oppenheimer Holdings, Inc. · NYSE:OPY
Oppenheimer — Shareholder Meeting (May 2019)
18 slides from Oppenheimer's shareholder meeting presentation, May 13, 2019
Slide 1: Annual Stockholders' Meeting
Oppenheimer Holdings Inc. Annual Stockholders’ Meeting New York, NY May 13, 2019
Slide 2: Welcome to Oppenheimer's 2019 Annual Stockholders' Meeting
WELCOME to Oppenheimer’s 2019 Annual Stockholders’ Meeting May 13, 2019 1
Slide 3: 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. (the “company”) may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of
Slide 4: Agenda
Agenda ° Business Overview � ° Financial Results ° Business Segments � 3
Slide 5: Business Overview
Business Overview A Preeminent Wealth Manager and Investment Bank 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 12/31/18) Wealth
Slide 6: Ownership
Ownership Significant Insider Ownership Committed to Firm’s Long Term Success Institutional (47.7%)(1) Class A Stock – Ownership(1) ° Top 10 institutional holders (~27.2%) of Class A non- 21.4% � voting common stock: Retail � – � BlackRock Fund Advisors (~ 4.73%) – � Dimensional Fund Advisors LP (~
Slide 7: Global Footprint
Global Footprint � Strong Presence in the U.S. and Internationally ° 94 offices in the U.S. ° 6 international offices ° 2,984 employees – 1,062 financial advisors – 185+ institutional sales professionals – 30+ senior research analysts Hong St. US London Tel Aviv Geneva Frankfurt Kong Helier Wealth V
Slide 8: Summary Operating Results – Full Year
Summary Operating Results – Full Year ($000’s) For the 12-Months Ended Highlights REVENUE 12-31-18 12-31-17 % Change Commissions $ 329,668 $ 336,620 (2.1) Advisory fees 314,349 320,746 (2.0) V Advisory fees lower due to 115,353 78,215 47.5 significant incentive fees recognized Investment banking in
Slide 9: Summary Operating Results – First Quarter
Summary Operating Results – First Quarter ($000’s) For the 3-Months Ended Highlights REVENUE � 3-31-19 3-31-18 % Change Commissions $� 79,409 $ 83,407 (4.8) V Quarterly revenues in excess of $250 Advisory fees 73,647 77,548 (5.0) million Investment banking 28,043 28,210 (0.6) V Advisory fees lower d
Slide 10: Select Financial Measures
Select Financial Measures Shareholders Equity ($mm) Earnings per Share ($) � Return on Equity (%) Book Value ($) � 9
Slide 11: Capital Structure
Capital Structure Conservative risk profile with strong balance sheet Liquidity & Capital � As of March 31, 2019 ($ in thousands) ° Issued $200 million 5 year 6.75% Senior Secured Total Assets: $2,527,510 Notes in June 2017 ° Level 3 assets represent 0.86% of total assets Stockholders’ Equity: $554,
Slide 12: Interest Rates
Interest Rates Continuing to see the benefit of a rising interest rate environment FDIC Insured Bank Deposit Program � Margin Lending � ° Client funds swept into deposit accounts at ° Credit extended to clients on a collateralized participating banks and eligible for FDIC deposit basis insurance ° A
Slide 13: Business Segment Results
Business Segment Results For the 12-Months Ended For the 3-Months Ended ($000's) 12-31-18 12-31-17 % Change 3-31-19 3-31-18 % Change Revenue (1) Wealth Management 689,567 682,649 1.0 180,113 171,738 4.9 Capital Markets 272,719 231,632 17.7 70,961 61,529 15.3 Corporate - Other (4,132) 6,057 * 696 1,2
Slide 14: Leading Wealth Management Platform
Leading Wealth Management Platform Well recognized brand and one of the few independent, non-bank broker-dealers with full service capabilities Wealth Management Services � Wealth Management Revenue ($mm) � ° Retail services: – � Full-Service Brokerage – � Financial Planning, Retirement Services, Co
Slide 15: Wealth Management Metrics
Wealth Management Metrics Increasing Shift to Fee Based Revenue Advisory Fees as a Percentage of Wealth Management Advisory Fees and Commissions � Client Assets Under Administration ($bn) Client Assets Under Management ($bn) � 14
Slide 16: Capital Markets
Capital Markets A leading capital markets business providing sophisticated investment banking, research and trading solutions Capital MarketsSummary Capabilities Overview Capital Markets Revenue Breakdown � ° Capital Markets segment includes: FY 2018 ($272.7mm) � – Investment Banking • Mergers & Acq
Slide 17: Summary
Summary ° Firm’s operating results have significantly improved ° Business model is low risk and well diversified with low leverage ° Building momentum in investment banking business ° Increasing shift from transaction-based business to fee-based business ° Continue to benefit from rising interest ra
Slide 18: Thank you!
Thank you! ()PPENHEIMER
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