Oppenheimer Holdings, Inc. · NYSE:OPY
Oppenheimer — Q4 2018 Earnings Presentation
13 slides from Oppenheimer's earnings presentation, 2019
Slide 1: Fourth Quarter and Full Year Update – 2018
Oppenheimer Holdings Inc. Fourth Quarter and Full Year Update – 2018
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 12/31/18) $243.3 million Revenue for 4Q-18 $958.2 million Listed
Slide 4: Summary Operating Results – 4Q-18 (Unaudited)
Summary Operating Results – 4Q-18 (Unaudited) ($000’s) For the 3-Months Ended Highlights REVENUE 12-31-18 12-31-17 % Change Commissions $ 83,733 $ 88,416 (5.3) Advisory fees lower due to significant Advisory fees 81,377 104,225 (21.9) incentive fees recognized in 4Q-17 partially offset by higher m
Slide 5: Summary Operating Results – Full Year (Unaudited)
Summary Operating Results – Full Year (Unaudited) ($000’s) For the 12-Months Ended Highlights REVENUE 12-31-18 12-31-17 % Change Commissions $ 329,668 $ 336,620 (2.1) Advisory fees 314,349 320,746 (2.0) Advisory fees lower due to significant incentive fees recognized Investment banking 115,353 78,
Slide 6: Fourth Quarter and Year End Financial Highlights
Fourth Quarter and Year End Financial Highlights (In $millions) Advisory Fees Investment Banking Revenue Interest and Fee Revenues $321 $160 3.0% $314 $140 $115 2.5% $78 $120 $104 2.0% $81 $100 $31 $21 $80 1.5% 4Q-17 4Q-18 2017 2018 4Q-17 4Q-18 2017 2018 $60 1.0% $40 Commission Revenue Principal Tra
Slide 7: Business Segments
Business Segments Our business is well diversified across a wide range of clients, services and industries Business Mix – 2018 Revenue ($962.3mm)(1) Private client services and asset WEALTH MANAGEMENT management solutions tailored to unique financial objectives Wealth Management $689.6 $272.7 72% 28
Slide 8: 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, Retirem
Slide 9: 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-T
Slide 10: Select 4Q-18 Investment Banking Transactions
Select 4Q-18 Investment Banking Transactions $255,000,000 $60,000,000 $60,000,000 $36,000,000 Transportation & Logistics Healthcare Technology Healthcare Mergers & Acquisitions Mergers & Acquisitions Convertible Debt Follow-on Exclusive Financial Advisor Exclusive Financial Advisor Sole Placement Ag
Slide 11: Capital Structure
Capital Structure Conservative risk profile with strong balance sheet Liquidity & Capital As of December 31, 2018 ($ in thousands) Issued $200 million 5 year 6.75% Senior Secured Notes in June 2017 Total Assets: $2,240,314 Level 3 assets represent .97% of total assets During the year ended Dec
Slide 12: Historical Financial Ratios
Historical Financial Ratios Consolidated Adjusted EBITDA ($mm) Long-Term Debt to Consolidated Adjusted EBITDA (x) 80 72 10 70 8.0x 60 54 8 50 6 4.9x 40 31 3.7x 30 4 2.8x 19 20 2 10 0 0 2015 2016 2017 2018 2015 2016 2017 2018 Consolidated Adjusted EBITDA Margin (%) Interest Coverage (x) 8% 7.5% 6 5.3
Slide 13: For more information contact Investor Relations at info@opco.com
For more information contact Investor Relations at info@opco.com 2409991.1