Oppenheimer Holdings, Inc. · NYSE:OPY

Oppenheimer — Shareholder Meeting (May 2021)

19 slides from Oppenheimer's shareholder meeting presentation, May 10, 2021

  1. Slide 1: Oppenheimer Holdings Inc. Annual Stockholders' Meeting: Virtual

    Oppenheimer Holdings Inc. Annual Stockholders’ Meeting: Virtual New York, NY May 10, 2021

  2. Slide 2: Welcome to Oppenheimer's 2021 Annual Stockholders' Meeting

    WELCOME to Oppenheimer’s 2021 Annual Stockholders’ Meeting May 10, 2021

  3. 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

  4. 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) 3/31/21 12/3

  5. Slide 5: Global Footprint

    Global Footprint Strong presence in the U.S. and Internationally  92 offices in the U.S.  6 international offices  2,894 employees – 1,000 financial advisors – 185+ institutional sales professionals – 38 senior research analysts Hong St. US London Tel Aviv Geneva Frankfurt Kong Helier Wealth Euro

  6. Slide 6: Summary Operating Results: Full Year 2020

    Summary Operating Results: Full Year 2020 ($000’s) For the Year Ended REVENUE 12-31-20 12-31-19 % Change Highlights Commissions $ 395,097 $ 320,114 23.4% Record annual gross revenue, net income, Advisory fees(1) 455,261 353,671 28.7% and earnings per share Investment banking 222,298 126,211 76.1% Ba

  7. Slide 7: Summary Operating Results: 1Q-21 (Unaudited)

    Summary Operating Results: 1Q-21 (Unaudited) ($000’s) For the 3-Months Ended REVENUE 3-31-21 3-31-20 % Change Highlights Commissions $ 113,471 $ 103,249 9.9% Record first quarter gross revenue, net Advisory fees 104,496 86,164 21.3% income, and earnings per share Investment banking 124,501 25,728 38

  8. Slide 8: Select Financial Measures

    Select Financial Measures Strong performance across key performance metrics Net Income ($M) Return on Equity (%) +394% Earnings per Share ($) Shareholders’ Equity ($M) +5% +403% 8

  9. Slide 9: Oppenheimer Holdings Inc. Share Price

    Oppenheimer Holdings Inc. Share Price Significant increase in share price over the past year $50.14 ↑179% YoY NYSE: OPY May 6, 2021 OPY Share Price OPY Volume 9

  10. Slide 10: Capital Structure

    Capital Structure Conservative risk profile with strong balance sheet Liquidity & Capital As of March 31, 2021 ($ in thousands)  Shareholders’ equity reached a record $719.7 million as of March 31, 2021  Book value ($56.74) and tangible book value per share ($43.34) reached record levels at March

  11. Slide 11: OPY Corporate Class A Buyback Activity

    OPY Corporate Class A Buyback Activity Shares Average Price Amount Paid ($M) Shares Outstanding ($M) There were no stock buybacks in the 1Q-21. 11

  12. 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 $1,046.1  +45 participatin

  13. Slide 13: Business Segment Results

    Business Segment Results ('000s, except per share amounts or otherwise indicated) 1Q-21 1Q-20 %Δ FY-20 FY-19 %Δ Private Client(1) Revenue $ 164,023 $ 141,418 16.0% $ 642,083 $ 653,409 -1.7% Pre-Tax Income $ 24,263 $ 33,369 -27.3% $ 122,844 $ 163,917 -25.1% Assets Under Administration ($Bn) $ 111.4 $

  14. Slide 14: 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 &

  15. Slide 15: 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) 15

  16. Slide 16: 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 2020 ($427M)  Investment Banking — Mergers & Acquisitions — Equity Capital Markets — Debt Capi

  17. Slide 17: Capital Markets Results

    Capital Markets Results Revenue ($M) Pre-Tax Income ($M) Revenue ($M) Pre-Tax Income ($M) FY 20 vs. 19 1Q-21 vs. 1Q-20 +51% +114% Equities $186 $26 $77 $123 $(23) $36 $(1) $21 2019 2020 2019 2020 1Q-20 1Q-21 1Q-20 1Q-21 Fixed Income +92% +413% +100% $105 $87 $28 $6 $23 $3 $12 $24 1Q20 1Q21 2019 2020

  18. Slide 18: Summary

    Summary Investing in our future and poised for growth In Review Looking Forward Record operating results for 2020 and 1Q-21 due to the Will continue to pursue organic and inorganic growth strength in the performance of Wealth Management opportunities in core businesses while looking to enter and Cap

  19. 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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