Oppenheimer Holdings, Inc. · NYSE:OPY
Oppenheimer — Q1 2019 Earnings Presentation
12 slides from Oppenheimer's earnings presentation, Apr 29, 2019
Slide 1: Oppenheimer Holdings Inc. First Quarter Update – 2019
Oppenheimer Holdings Inc. First Quarter Update – 2019
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 3/31/19) $251.8 million $975.4 million Listed NYSE Ticker: OPY Re
Slide 4: Summary Operating Results – 1Q-19 (Unaudited)
Summary Operating Results – 1Q-19 (Unaudited) ($000’s) For the 3‐Months Ended Highlights REVENUE 3‐31‐19 3‐31‐18 % Change Commissions $ 79,409 $ 83,407 (4.8)% Quarterly revenues in excess of $250 Advisory fees 73,647 77,548 (5.0)% million Investment banking 28,043 28,210 (0.6)% Advisory fees low
Slide 5: First Quarter 2019 Highlights
First Quarter 2019 Highlights (In $millions) Advisory Fees Investment Banking Revenue Interest and Fee Revenues $180 3.0% $77.5 $73.6 $160 2.5% $140 $28.2 $28.0 $120 2.0% $100 1.5% $80 1Q‐18 1Q‐19 1Q‐18 1Q‐19 $60 1.0% $40 Commission Revenue Principal Transactions Revenue 0.5% $20 $83.4 $79.4 $0 0.0%
Slide 6: Business Segments
Business Segments Our business is well diversified across a wide range of clients, services and industries Business Mix –1Q‐19 Revenue ($251.1mm)(1) Private client services and asset WEALTH MANAGEMENT management solutions tailored to unique financial objectives $180.1mm $71.0mm Wealth Management 72%
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 –Financial Planning, Retiremen
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-19 Investment Banking Transactions
Select 1Q-19 Investment Banking Transactions $1,397,000,000 $2,000,000,000 Undisclosed $287,500,000 Rental Services Technology Rental Services Technology Mergers & Acquisitions Debt Private Placement Mergers & Acquisitions Convertible Debt Exclusive Financial Advisor Joint Bookrunner Exclusive Finan
Slide 10: Capital Structure
Capital Structure Conservative risk profile with strong balance sheet Liquidity & Capital As of March 31, 2019 ($ in thousands) . Issued $200 million 5 year 6.75% Senior Secured Notes in June 2017 Total Assets: $2,527,510 . Level 3 assets represent .86% of total assets . Broker‐Dealer Regulatory Net
Slide 11: Historical Financial Ratios
Historical Financial Ratios Consolidated Adjusted EBITDA ($mm) Long‐Term Debt to Consolidated Adjusted EBITDA (x) Consolidated Adjusted EBITDA Margin (%) Interest Coverage (x) 11
Slide 12: For more information contact Investor Relations
For more information contact Investor Relations at info@opco.com 2519237.1