Oppenheimer Holdings, Inc. · NYSE:OPY
Oppenheimer — Shareholder Meeting (May 2022)
19 slides from Oppenheimer's shareholder meeting presentation, May 9, 2022
Slide 1: Oppenheimer Holdings Inc. Annual Stockholders' Meeting
Oppenheimer Holdings Inc. Annual Stockholders’ Meeting New York, NY May 9, 2022
Slide 2: Welcome to Oppenheimer's 2022 Annual Stockholders' Meeting
WELCOME to Oppenheimer’s 2022 Annual Stockholders’ Meeting May 9, 2022
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. (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 4: Business Overview
Business Overview A Preeminent Wealth Manager and Investment Bank 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 (NYSE: OPY) 3/31/22 12/3
Slide 5: Global Footprint
Global Footprint Strong presence in the U.S. and Internationally 93 offices in the U.S. 6 international offices 2,896 employees – 993 financial advisors – 185+ institutional sales professionals – 38 senior research analysts Hong St. US London Tel Aviv Geneva Frankfurt Kong Helier Wealth Europe
Slide 6: Summary Operating Results: Full Year 2021
Summary Operating Results: Full Year 2021 ($000’s) For the Year Ended REVENUE 12/31/21 12/31/20 % Change Highlights Commissions $ 401,607 $ 395,097 1.6% Record revenue of $1.4 billion, net income Advisory fees 451,197 455,261 -0.9% of $159.0 million, and basic earnings per share of $12.57 for the fu
Slide 7: Summary Operating Results: 1Q-22 (Unaudited)
Summary Operating Results: 1Q-22 (Unaudited) ($000’s) For the 3-Months Ended REVENUE 03/31/22 03/31/21 % Change Highlights Commissions $ 98,321 $ 113,471 -13.4% Reduced 1Q-22 gross revenue, net income, and earnings per share reflected a significant Advisory fees 115,766 104,496 10.8% decline in indu
Slide 8: Select Financial Measures
Select Financial Measures Revenue ($M) Net Income ($M) Earnings per Share ($) Stockholders’ Equity ($M) 12.57 9.73 11.70 4.10 9.30 3.07 2.18 3.82 0.75 2.05 2.91 0.69 2018 2019 2020 2021 1Q-21 1Q-22 EPS - Diluted EPS - Basic 8
Slide 9: Oppenheimer Holdings Inc. Share Price
Oppenheimer Holdings Inc. Share Price $60 $32.35 ↓30.2% YTD NYSE: OPY $50 May 2, 2022 $40 $30 $20 $10 $0 OPY Share Price OPY Volume 9
Slide 10: Capital Structure
Capital Structure Conservative risk profile with strong balance sheet Liquidity & Capital As of March 31, 2022 ($ in thousands) Stockholders’ equity of $814.4 million as of March 31, 2022 Book value ($66.45) and tangible book value ($52.58) per share Total Assets: $3,019,457 reached record level
Slide 11: OPY Corporate Class A Buyback Activity
OPY Corporate Class A Buyback Activity Shares Average Price Amount Paid ($M) Shares Outstanding (M) 11
Slide 12: Interest and Fee Revenue
Interest and Fee Revenue FDIC Insured Bank Deposit Program Margin Lending Client funds swept into deposit accounts at Credit extended to clients on a collateralized participating banks and eligible for FDIC deposit basis insurance Average customer margin debits were $1,267 +45 participating
Slide 13: Business Segment Results 2021 vs. 2020
Business Segment Results 2021 vs. 2020 Revenue Breakdown by Segment ($M) Pre-Tax Income Breakdown by Segment ($M) 2020 2021 $(1.3) Corp/Other 2020 2021 2020 $(0.4) Corp/Other 2021 13
Slide 14: Business Segment Results 1Q-22 vs. 1Q-21
Business Segment Results 1Q-22 vs. 1Q-21 Revenue Breakdown by Segment ($M) Pre-Tax Income Breakdown by Segment ($M) 1Q-21 $ 3.0 1% $ 85.1 32% 1Q-22 1Q-22 $266.0M $ 150.8 57% $ 27.1 1Q-21 10% 1Q-22 $ 1.4 $ 164.0 1Q-21 $ 183.6 1Q-21 44% 49% $373.2M 1Q-22 $ 24.2 7% 14
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 Wealth Management Services Wealth Management Revenue ($M) Retail services: – Full-Service Brokerage – Financial Planning, Retirement Services, Corporate &
Slide 16: Wealth Management Metrics
Wealth Management Metrics Increasing shift to Fee-Based Revenue Advisory Fees as a Percentage of Wealth Management Advisory Fees and Commissions Client Assets Under Administration ($B) Client Assets Under Management ($B) 16
Slide 17: Capital Markets
Capital Markets A leading capital markets business providing sophisticated investment banking, research and trading solutions Summary Capital Markets Revenue Breakdown Capital Markets segment includes: FY 2021 ($625.7M) Investment Banking — Mergers & Acquisitions Institutional Equities $ 233.7 $ 2
Slide 18: Summary
Summary Investing in our future and poised for growth In Review Looking Forward Record operating results for 2021 due to Well positioned to provide client advice through significantly the strength in the performance of the changing market environment with repricing of asset classes Wealth Management
Slide 19: Oppenheimer – Let's Talk Future
()PPENHEIMER Let’s Talk Future” Oppenheimer Holdings Inc. 85 Broad Street New York, NY 10004 www.oppenheimer.com
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