Oppenheimer Holdings, Inc. · NYSE:OPY
Oppenheimer — Q3 2020 Earnings Presentation
13 slides from Oppenheimer's earnings presentation, October 2020
Slide 1: Third Quarter 2020 Investor Update
Oppenheimer Holdings Inc. Third Quarter 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 9/30/20) $775.8 million Revenue for YTD 9/30/20 $41.1 million Net
Slide 4: Summary Operating Results: 3Q-20 (Unaudited)
Summary Operating Results: 3Q-20 (Unaudited) ($000’s) For the 3-Months Ended Highlights REVENUE 9-30-20 9-30-19 % Change Commissions $ 92,241 $ 78,627 17.3% • Increased revenue of 17.7% due to significantly higher underwriting Advisory fees 88,595 80,887 9.5% revenue, large M&A fees, increased Inves
Slide 5: Summary Operating Results: YTD 9/30/20 (Unaudited)
Summary Operating Results: YTD 9/30/20 (Unaudited) ($000’s) For the 9-Months Ended Highlights REVENUE 9-30-20 9-30-19 % Change Commissions $ 297,126 $ 238,932 24.4% • Revenue increased 5.2% during the period driven by robust underwriting revenue, Advisory fees 250,740 235,241 6.6% increased institut
Slide 6: Select Financial Measures
Select Financial Measures Net Income ($M) Return on Equity (%) Earnings per Share ($) Shareholders’ Equity ($M) 6
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 ADVISORY SERVICES ALTERNATIVE INVESTMENTS – Hedge Funds and Fund-of-Funds – Full-Service Brokerage – Investment Policy Design & – Private Equity – Financial
Slide 8: 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 9: Select 3Q-20 Investment Banking Transactions
Select 3Q-20 Investment Banking Transactions $1,566,000,000 / $150,000,000 $147,593,444 $2,000,000,000 $3,864,000,000 BlackRock Capital Allocation Trust Technology Healthcare Business Combination with Velodyne Concurrent Public Offerings of Financial Institutions Technology LiDAR / PIPE Common Stock
Slide 10: OPY Bond Issuance
OPY Bond Issuance • Summary Terms Amount: $125 million $125,000,000 Issuer: Oppenheimer Holdings Inc. Use of Refinance outstanding bonds Proceeds: Lead Arranger: Oppenheimer & Co. Inc. Lead Arranger 5.50% Senior Secured Notes due 2025 E.A. Viner International Co. and Viner Finance Guarantors: Inc. S
Slide 11: Capital Structure
Capital Structure Conservative risk profile with strong balance sheet Liquidity & Capital As of September 30, 2020 ($ in thousands) • Shareholders’ equity reached a record high $615.2 million on September 30, 2020 • Book value and tangible book value per share reached record Total Assets: $2,608,618
Slide 12: Historical Financial Ratios
Historical Financial Ratios Consolidated Adjusted EBITDA ($M) Long-Term Debt to Consolidated Adjusted EBITDA (x) 1.8x* Consolidated Adjusted EBITDA Margin (%) Interest Coverage (x) 6.3x 12
Slide 13: For more information contact Investor Relations
For more information contact Investor Relations at info@opco.com