Oppenheimer Holdings, Inc. · NYSE:OPY
Oppenheimer — Q4 2020 Earnings Presentation
14 slides from Oppenheimer's earnings presentation, 2021
Slide 1: Fourth Quarter and Full Year 2020 Investor Update
Oppenheimer Holdings Inc. Fourth Quarter and Full Year 2020 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. (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 3: Business Overview
Business Overview 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 12/31/20) Listed NYSE Ticker: OPY $1.2 billion $123.0 million Rev
Slide 4: Fourth Quarter and Full Year 2020 Financial Highlights
Fourth Quarter and Full Year 2020 Financial Highlights $1.2 132% Billion Net Record pre-tax income and net Record gross revenue for the fourth Income Revenue income for the fourth quarter and full quarter and full year YoY FY 2020 year 137% $130.3 Basic Record basic and diluted earnings per Million
Slide 5: Summary Operating Results: 4Q-20 (Unaudited)
Summary Operating Results: 4Q-20 (Unaudited) ($000’s) For the 3-Months Ended Highlights REVENUE 12-31-20 12-31-19 % Change Commissions $ 97,971 $ 81,182 20.7% • Record revenue and operating results for Advisory fees 204,521 118,430 72.7% the quarter were primarily due to significantly higher investm
Slide 6: Summary Operating Results: YTD 12/31/20 (Unaudited)
Summary Operating Results: YTD 12/31/20 (Unaudited) ($000’s) For the Year Ended Highlights REVENUE 12-31-20 12-31-19 % Change Commissions $ 395,097 $ 320,114 23.4% • Record revenue and operating results for the year were primarily due to significantly Advisory fees 455,261 353,671 28.7% higher inves
Slide 7: Select Financial Measures
Select Financial Measures Net Income ($M) Return on Equity (%) Earnings per Share ($) Shareholders’ Equity ($M) 7
Slide 8: Segment Results (Unaudited)
Segment Results (Unaudited) ('000s, except per share amounts or otherwise indicated) 4Q-20 4Q-19 %Δ FY-20 FY-19 %Δ Private Client(1) Revenue $ 217,743 $ 175,900 23.8% $ 642,083 $ 653,409 -1.7% Pre-Tax Income $ 39,362 $ 42,416 -7.2% $ 122,844 $ 163,917 -25.1% Assets Under Administration ($Bn) $ 104.8
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 ADVISORY SERVICES ALTERNATIVE INVESTMENTS – Hedge Funds & Fund-of-Funds – Full-Service Brokerage – Investment Policy Design & – Private Equity – Financial P
Slide 10: Capital Markets
Capital Markets A leading capital markets business providing sophisticated investment banking, research and trading solutions INSTITUTIONAL EQUITIES INVESTMENT BANKING FIXED INCOME – Sales and Trading – Mergers & Acquisitions – Taxable Fixed Income – Equity Research – Equity Capital Markets – Non-Ta
Slide 11: Select 4Q-20 Investment Banking Transactions
Select 4Q-20 Investment Banking Transactions $172,500,000 $230,000,000 $275,800,000 $3,490,000,108 Rodgers Silicon Valley Acquisition Corp. Consumer & Retail Technology Healthcare Technology Follow-On Initial Public Offering Follow-On Initial Public Offering Lead Bookrunner Sole Bookrunner Lead Mana
Slide 12: Capital Structure
Capital Structure Conservative risk profile with strong balance sheet Liquidity & Capital As of December 31, 2020 ($ in thousands) • Shareholders’ equity reached a record high $685.6 million on December 31, 2020 Total Assets: $2,713,942 • Book value ($54.93) and tangible book value per share ($41.31
Slide 13: Historical Financial Ratios
Historical Financial Ratios Consolidated Adjusted EBITDA ($M) Long-Term Debt to Consolidated Adjusted EBITDA (x) 1.8x* Consolidated Adjusted EBITDA Margin (%) Interest Coverage (x) 6.3x 13
Slide 14: For more information contact Investor Relations
For more information contact Investor Relations at info@opco.com