Oppenheimer Holdings, Inc. · NYSE:OPY

Oppenheimer — Investor Presentation (September 2019)

18 slides from Oppenheimer's investor presentation, September 2019

  1. Slide 1: Oppenheimer Holdings Inc.

    Oppenheimer Holdings Inc. Investor Presentation – September 2019

  2. 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

  3. Slide 3: Table of Contents

    Table of Contents I. Company Overview II. Business Unit Update  Wealth Management  Capital Markets III. Financial Overview IV. Summary 3

  4. Slide 4: I. Company Overview

    I. Company Overview 4

  5. Slide 5: 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 6/30/19) $502.7 million $23.6 million Net Income for YTD 6‐30‐19

  6. Slide 6: II. Business Unit Update

    II. Business Unit Update 6

  7. 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 – Full‐Service Brokerage – Investment Policy Design & – Hedge Funds and Fund‐of‐Funds – Financial Planning, Retire

  8. 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

  9. Slide 9: Select 2019 Investment Banking Transactions

    Select 2019 Investment Banking Transactions $1,500,000,000 $100,000,000 $234,255,000 $230,277,760 Restructuring Financial Institutions & Real Estate Healthcare Financial Institutions & Real Estate Senior Secured Credit Facility IPO Follow‐on IPO Exclusive Financial Advisor and Co‐Lead Manager Co‐Lea

  10. Slide 10: III. Financial Overview

    III. Financial Overview 10

  11. Slide 11: Key 2Q-19 Announcements

    Key 2Q-19 Announcements 1  Announced participation in auction rate securities tender offer that will result in $20 Auction Rate million of additional liquidity in the 3Q‐19  Participation in the tender offer resulted in an unrealized loss of $2.4 million in the Securities Tender 2Q‐19 Offer  Part

  12. Slide 12: Summary Operating Results: 1H-19 (Unaudited)

    Summary Operating Results: 1H-19 (Unaudited) ($000’s) For the 6‐Months Ended Highlights REVENUE 6‐30‐19 6‐30‐18 % Change Commissions $ 160,305 $ 166,257 (3.6)  YTD revenue in excess of $500 Advisory fees 154,354 154,818 (0.3) million Investment banking 60,049 56,114 7.0 Bank deposit sweep income 21

  13. Slide 13: Select Financial Measures

    Select Financial Measures Net Income ($mm) Return on Equity (%) Earnings per Share ($) Shareholders’ Equity 13

  14. Slide 14: Capital Structure

    Capital Structure Conservative risk profile with strong balance sheet Liquidity & Capital As of June 30, 2019 ($ in thousands)  On August 25, 2019, the Company redeemed 25% of its 6.75% Senior Secured Notes Total Assets: $2,562,416  Participation in ARS issuer tender offer resulted in $20 million

  15. Slide 15: Historical Financial Ratios

    Historical Financial Ratios Consolidated Adjusted EBITDA ($mm) Long‐Term Debt to Consolidated Adjusted EBITDA (x) 1.8x* Consolidated Adjusted EBITDA Margin (%) Interest Coverage (x) * Pro‐forma for $50 million partial redemption that took place on 8/25/19. 15

  16. Slide 16: IV. Summary

    IV. Summary 16

  17. Slide 17: In Summary…

    In 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 interest rate

  18. Slide 18: For more information contact Investor Relations

    For more information contact Investor Relations at info@opco.com 2715930.1

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