Oppenheimer Holdings, Inc. · NYSE:OPY
Oppenheimer — Q4 2022 Earnings Presentation
12 slides from Oppenheimer's earnings presentation, Jan 30, 2023
Slide 1: Oppenheimer Holdings Inc. Fourth Quarter and Full Year 2022 Investor Update
Oppenheimer Holdings Inc. Fourth Quarter and Full Year 2022 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. ("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 3: Business Overview and Oppenheimer Snapshot
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. 3 • Hong Kong, China• London, UK • Geneva, Switzerland • St. Helier, Isle of Jersey • Munich, Germany • Tel Avi
Slide 4: Summary Operating Results: 4Q-22 vs. 4Q-21
Earnings per share (Basic) $ 2.04 $ 4.99 -59.1% Earnings per share (Diluted) $ 1.87 $ 4.61 -59.4% Summary Operating Results: 4Q-22 vs. 4Q-21 (Unaudited) 4 Highlights ($000’s) For the 3-Months Ended REVENUE 12/31/22 12/31/21 % Change Commissions $88,075 $101,076 -12.9% Advisory fees 99,517 118,798 -1
Slide 5: Summary Operating Results: 2022 vs. 2021
Earnings per share (Basic) $ 2.77 $ 12.57 -78.0% Earnings per share (Diluted) $ 2.57 $ 11.70 -78.0% Summary Operating Results: 2022 vs. 2021 (Unaudited) 5 Highlights ($000’s) For the 12-Months Ended REVENUE 12/31/22 12/31/21 % Change Commissions $370,382 $401,607 -7.8% Advisory fees 425,615 451,197
Slide 6: Select Financial Measures
Select Financial Measures Revenue ($M) Net Income ($M) Earnings per Share ($) Stockholders’ Equity ($M) 6 2.77 545.3 592.7 685.5 823.9 794.2 2018 2019 2020 2021 2022 2.05 3.82 9.30 11.70 2.57 2.18 4.10 9.73 12.57 2018 2019 2020 2021 2022 EPS - Diluted EPS - Basic 28.9 53.0 123.0 159.0 32.4 2018 2019
Slide 7: Segment Revenue Breakdown: 4Q-22 vs. 4Q-21
Segment Revenue Breakdown: 4Q-22 vs. 4Q-21 7 Pre-Tax Income Breakdown by Segment ($M)Revenue Breakdown by Segment ($M) $201.7 64% $22.9 7% $90.6 29% Sweep Income / Interest $68.5 (1.6) Corp/Other 4Q-22 Revenue $313.6M $173.3 47% 27.9 8% 165.6 45% Sweep Income / Interest $11.9 (1.7) Corp/Other 4Q-21
Slide 8: Segment Revenue Breakdown: 2022 vs. 2021
Segment Revenue Breakdown: 2022 vs. 2021 8 Pre-Tax Income Breakdown by Segment ($M)Revenue Breakdown by Segment ($M) Private Client Asset Management Capital Markets $675.7 61% $99.2 9% $337.8 30% Sweep Income / Interest $156.4 (1.8) Corp/Other 2022 $1,110.9M 2021 $1,394.0M 665.1 48% 104.6 8% 625.7 4
Slide 9: Wealth Management
Wealth Management* Well recognized brand and one of the few independent, non-bank broker-dealers with full service capabilities Retail Services Full-Service Brokerage Financial Planning, Retirement Services, Corporate & Executive Services & Trust Services Margin & Securities Lending Advisory S
Slide 10: Capital Markets
Capital Markets A leading capital markets business providing sophisticated investment banking, research and trading solutions Healthcare Technology Transportation & Logistics Finance & Real Estate Consumer & Retail Energy Capital Markets Revenue Breakdown 2022 Capital Markets Revenue ($M) Investment
Slide 11: Capital Structure and Liquidity & Capital
C O N F I D E N T I A L F O R I N T E R N A L U S E O N L Y 11 Capital Structure As of December 31, 2022 ($ in thousands) Total Assets: $2,713,557 Stockholders’ Equity: Long-Term Debt: $794,233 $114,050 Total Capitalization: $908,283 Debt to Equity Ratio: 14.4% Gross Leverage Ratio(1): 3.4 Broker-De
Slide 12: For more information contact Investor Relations
For more information contact Investor Relations at info@opco.com