Oppenheimer Holdings, Inc. · NYSE:OPY
Oppenheimer — Shareholder Meeting (May 2025)
19 slides from Oppenheimer's shareholder meeting presentation, May 6, 2025
Slide 1: Annual Stockholders' Meeting
Oppenheimer Holdings Inc. New York, NY May 5, 2025 Annual Stockholders' Meeting
Slide 2: Welcome to Oppenheimer's 2025 Annual Stockholders' Meeting
WELCOME to Oppenheimer's 2025 Annual Stockholders' Meeting May 5, 2025 2
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. ("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 4: Albert Lowenthal to Step Down as CEO; Robert Lowenthal Appointed
4 Albert Lowenthal to Step Down as Chief Executive Officer of Oppenheimer & Co. Inc. and Oppenheimer Holdings Inc. He will assume a new role as Executive Chairman of Oppenheimer & Co. Inc. Robert Lowenthal Appointed Chief Executive Officer of Oppenheimer & Co. Inc. and Oppenheimer Holdings Inc. Oppe
Slide 5: Oppenheimer Snapshot
(1) Chart does not include $12.8 million allocated to Corporate/Other. (2) Represents book value less goodwill and intangible assets divided by number of shares outstanding. Business Overview Oppenheimer Snapshot (NYSE:OPY) 3/31/2025 12/31/2024 Stockholders' Equity ($M): $872.3 $850.4 Market Cap ($M
Slide 6: Global Footprint
• Hong Kong, China• London, UK • Geneva, Switzerland • St. Helier, Isle of Jersey • Tel Aviv, Israel Global Footprint Strong presence in the U.S. and internationally • 89 retail branches in the U.S. • 5 international offices • 3,012 employees − 933 financial advisors − 165+ institutional sales profe
Slide 7: Summary Operating Results: 2024 vs 2023
Earnings per share (Basic)1 $ 6.91 $ 2.81 145.9% Earnings per share (Diluted)1 $ 6.37 $ 2.59 145.9% Summary Operating Results: 2024 vs 2023 (Unaudited) 7 Highlights ($000’s, except otherwise indicated) For the 12-Months Ended REVENUE 12/31/2024 12/31/2023 % Change Commissions $ 409,710 $ 349,248 17.
Slide 8: Summary Operating Results: 1Q-25 vs 1Q-24
Earnings per share (Basic)1 $ 2.93 $ 2.50 17.2% Earnings per share (Diluted)1 $ 2.72 $ 2.37 14.8% Summary Operating Results: 1Q-25 vs 1Q-24 (Unaudited) Highlights ($000’s, except otherwise indicated) For the 3-Months Ended REVENUE 3/31/2025 3/31/2024 % Change Commissions 110,878 95,850 15.7 % Adviso
Slide 9: Select Financial Measures
9 Select Financial Measures Earnings per Share ($)1 Net Income ($M)1Revenue ($M) Stockholders’ Equity ($M)1 1 Attributable to Oppenheimer Holdings Inc.
Slide 10: OPY Historical Stock Price
10 OPY Historical Stock Price $58.86 NYSE: OPY April 23, 2025 Da ily V ol um e
Slide 11: Capital Structure
11 Capital Structure Book Value & Tangible Book Value per Share ($) Liquidity & Capital • Stockholders’ equity of $872.3 million as of March 31, 2025 • Book value ($82.87) and tangible book value ($65.85) per share increased from the prior year period largely as a result of positive earnings • The B
Slide 12: Interest and Fee Revenue
12 Interest and Fee Revenue Margin Lending Interest and Fee Revenue ($M) • Client funds swept into deposit accounts at participating banks and eligible for FDIC deposit insurance • 50+ participating banks • FDIC-Insured Bank Deposit program had a balance of $2.9 billion at 3/31/25 • Bank deposit swe
Slide 13: Segment Revenue Breakdown 2024 vs 2023
13 $12.7 Corp/Other Segment Revenue Breakdown 2024 vs 2023 Pre-Tax Income Breakdown by Segment ($M)Revenue Breakdown by Segment ($M) Wealth Management Capital Markets 2024 Revenue $1,432.5 M 2023 Revenue $1,248.8 M $12.8 Corp/Other 31% 68% 28% 71%
Slide 14: Segment Revenue Breakdown 1Q-25 vs 1Q-24
14 Segment Revenue Breakdown 1Q-25 vs 1Q-24 Pre-Tax Income Breakdown by Segment ($M)Revenue Breakdown by Segment ($M) Wealth Management Capital Markets 1Q-25 Revenue $367.8 M 1Q-24 Revenue $353.1 M $2.5 Corp/Other $3.0 Corp/Other 34% 66% 32% 68%
Slide 15: Leading Wealth Management Platform
Leading Wealth Management Platform Well-recognized brand and one of the few independent, non-bank broker-dealers with full service capabilities Retail Services • Full-Service Brokerage • Financial Planning, Retirement Services, Insurance Solutions, Corporate & Executive Services & Trust Services • M
Slide 16: Wealth Management Metrics
Wealth Management Metrics Sustained shift to Fee-Based Revenue Advisory Fees as a Percentage of Wealth Management Advisory Fees and Commissions Client Assets Under Administration ($B) Client Assets Under Management ($B) 16
Slide 17: Capital Markets
19.6% Sales & Trading Revenues 2024 vs 2023 49.3% Investment Banking Revenues 2024 vs 2023 Capital Markets A leading capital markets business providing sophisticated investment banking, research and trading solutions Healthcare Technology Transportation & Logistics Finance & Real Estate Consumer & R
Slide 18: Summary
Summary Investing in our future and poised for growth Technology Transportation & Logistics Energy 18 In Review Looking Forward Record high revenues for the full year 2024 were driven by higher advisory fee, an increase in transaction-based revenues as well as significantly improved investment banki
Slide 19: The Power of Oppenheimer Thinking
The Power of ()PPENHEIMER Thinking Wealth Management | Capital Markets | Investment Banking
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