Oppenheimer Holdings, Inc. · NYSE:OPY
Oppenheimer — Q1 2020 Earnings Presentation
12 slides from Oppenheimer's earnings presentation, May 4, 2020
Slide 1: Oppenheimer Holdings Inc. First Quarter 2020 Investor Update
OPPENHEIMER HOLDINGS INC. First 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 3/31/20) $1.02 billion $49.6 million Revenue for TTM 3-31-20 Net
Slide 4: Summary Operating Results: 1Q-20 (Unaudited)
SUMMARY OPERATING RESULTS: 1Q-20 (UNAUDITED) ($000’s) For the 3‐Months Ended Highlights REVENUE 3‐31‐20 3‐31‐19 % Change Commissions $ 103,249 $ 79,409 23.1% . Commissions higher due to clients repositioning their portfolios during Advisory fees 86,164 73,647 14.5% market volatility related to COVID
Slide 5: COVID-19 Pandemic
COVID-19 PANDEMIC COVID‐19 PANDEMIC: . COVID‐19 quickly spread in the U.S. with cases reaching more than one million and more than 60,000 deaths (Apr 30th) . States enforced regulatory mandates such as closures of non‐essential businesses, "shelter‐in place", school closures, and social distancing .
Slide 6: Select Financial Measures
SELECT FINANCIAL MEASURES Net Income ($M) Return on Equity (%) Earnings per Share ($) Shareholders’ Equity 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 –Full‐Service Brokerage – Investment Policy Design & –Hedge Funds and Fund‐of‐Funds – Private Equity –Financial Pl
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‐Taxab
Slide 9: Select 1Q-20 Investment Banking Transactions
SELECT 1Q-20 INVESTMENT BANKING TRANSACTIONS $225,000,000 $126,240,000 $75,000,000 $82,250,000 Healthcare Transportation & Logistics Healthcare Healthcare Confidentially Marketed Public Mergers & Acquisitions Follow‐On Follow‐On Offering Exclusive Financial Advisor Co‐Manager Co‐Manager Co‐Manager M
Slide 10: Capital Structure
CAPITAL STRUCTURE Conservative risk profile with strong balance sheet Liquidity & Capital As of March 31, 2020 ($ in thousands) . The Company bought back a total of 409,504 shares for $8.4 million (average price of $20.60 per share) during the Total Assets: $2,139,633 1Q‐20 . The Company’s level 3 a
Slide 11: Historical Financial Ratios
HISTORICAL FINANCIAL RATIOS Consolidated Adjusted EBITDA ($M) Long-Term Debt to Consolidated Adjusted EBITDA (x) 1.8x* Consolidated Adjusted EBITDA Margin (%) Interest Coverage (x) 6.3x 11
Slide 12: For more information contact Investor Relations
For more information contact Investor Relations at info@opco.com