PIWORLD Investor Podcasts

Listed private capital gives all investors access to high-performing private equity and credit investments — funds of ready-made diversified portfolios of interesting and well managed private companies in exciting growth sectors such as technology enablement and health and wellbeing and at the forefront in ESG investing. As the fund shares are listed, investors have liquidity in what would otherwise be a medium to long-term investment. In this, the first of a two-part series we explore the listed private capital opportunity with leading managers who will explain and discuss the investment case and the opportunities presented by their individual investment strategies. Deborah Botwood Smith, CEO, LPeC. 00:16 - Introduction 01:08 - What is Listed Private Capital? Paul Daggett, Managing Director, Neuberger Berman 05:19 - Introduction 06:56 - NBPE's Co-investment Approach 08:09 - Investing in Private Companies to Generate Long-term Growth 10:04 - Portfolio and Diversification 12:06 - Key Investment Themes 13:36 - Financial Highlights 15:05 - Dividend Policy 16:23 - Conclusion Hamish Mair, Managing Director, Columbia Threadneedle Investments 18:08 - Introduction & Overview 22:03 - Financial Highlights and Performance 25:11 - Co-investment summaries 28:59 - Realisations in 2022 to date 29:49 - Portfolio and Diversification 33:14 - Conclusion and Outlook Kristof Vande Cappelle, CFO, Gimv 35:22 - Introduction and overview 37:44 - Portfolio and Diversification 43:14 - Financial Highlights and Performance 51:42 - ESG 54:00 - Q&A LPeC: https://www.listedprivatecapital.com/ Neuberger Berman: https://www.nb.com/en/global/home Columbia Threadneedle Investments: https://www.columbiathreadneedle.co.uk/en/intm/ Gimv: https://www.gimv.com/en

ActiveOps management, Richard Jeffrey, CEO and Patrick Deller, CFO present the full year 2022 results for the period ended 31 March 2022. Richard Jeffrey, CFO & Founder 00:17 - Introduction 00:33 - Introduction to ActiveOps 02:21 - Overview of the year 03:07 - Progress with strategic goals Patrick Deller, CFO 05:06 - Financial review 05:17 - Strength of Saas model 06:32 - P&L 08:45 - EBITDA Bridge 10:27 - Balance sheet Richard Jeffrey, CFO & Founder 11:13 - Strategy update 13:52 - The market 15:48 - Europe and APAC opportunity 16:51 - North America opportunity 18:51 - Further innovation Patrick Deller, CFO 20:27 - ESG Richard Jeffrey, CFO & Founder 22:50 - Q1 Trading and outlook ActiveOps plc, formerly ActiveOps Limited, is a United Kingdom-based management process automation (MPA) software company. The Company provides a software as a service (SaaS) platform to enterprises with global back-offices. Its software and embedded back-office operations management methodology enables enterprises to adopt a data-driven approach to organizing work and managing capacity. The Company's enterprise platform comprises Workware+, its MPA software platform, and AOM, its operations methodology and framework for effective back-office management. Its cloud-based ControliQ employee performance management solution enables managers to simplify running operations. The Company's solution, WorkiQ, captures workforce analytics from desktop activity for employee engagement. The Company's OpsIndex Score & Benchmarking tool involves measuring the performance of the operational business on an enterprise level, department by department and against community level.

Various Eateries management, Andy Bassadone, Executive Chairman, Oliver Williams, CFO and Yishay Malkov, CEO present interim results for the 26-week period ending 3 April 2022. A positive performance in line with expectations for the full year. Andy Bassadone, Executive Chairman 00:17 – Introduction 00:27 – Executive summary Oliver Williams, CFO 06:13 – Financial overview 08:08 – Cash bridge Yishay Malkov, CEO 08:59 – Opportunities and challenges 14:40 – Expansion model 15:52 – New sites Andy Bassadone, Executive Chairman 17:03 – Current trading 19:54 – Summary and outlook Various Eateries PLC is a United Kingdom-based holding company. The Company owns, develops and operates restaurant and hotel sites in the United Kingdom. It operates approximately 13 locations with two core brands, which include Coppa Club and Tavolino. Coppa Club is a multi-use, all-day concept that combines a restaurant, terrace, cafe, lounge, bar and workspaces. Tavolino is a restaurant for Italian foods. It has approximately nine Coppa Clubhouses across the South of England, including two Clubhouses with rooms-Coppa at The Swan and Coppa at The Great House, both located in Berkshire. The Company has one Tavolino location in London. The Company’s wholly owned subsidiaries include Various Eateries Holdings Limited, Rare Bird Hotels at Sonning Limited and Rare Bird Hotels at Streatley Limited.

Design Group management team, Executive Chairman, Stewart Gilliland, CFO, Paul Bal and Interim COO, Lance Burn, present full-year 2022 results for the period ended 31 March 2022. Stewart Gilliland, Executive Chairman 00:17 - Introduction 01:09 - FY22 Developments Paul Bal, CFO 03:44 - Financial summary 05:45 - P&L 07:46 - Adjusted operating profit evolution 09:22 - Cost headwinds 12:46 - Cash flow 14:15 - New financing arrangements Lance Burn, Interim COO 15:31 - DG Americas update 17:30 - Re-programming our Americas business 22:16 - DG International update 24:46 - Sustainability Stewart Gilliland, Executive Chairman 28:49 - Our strengths 30:42 - Strategic priorities 31:20 - Summary and outlook 38:01 - Q&A IG Design Group plc is a United Kingdom-based company that is engaged in the design manufacture and distribution of celebration, craft & creative play, stationery, gifting and not-for-resale consumable products. The Company is a producer of Celebrations products, including greetings cards, gift wrap, Christmas crackers, gift bags and partyware. The Company design, manufacture and sources a range of stationery products for consumers of all ages, for use in education, commercial and home settings. Its not-for-resale consumables product combines Polaris business with Paper Twist Handle Bags. The Company’s segments include DG Americas and DG International. The DG Americas segment includes overseas operations in Asia, Australia, the United Kingdom (UK), India and Mexico, and the United States companies. The DG International segment comprises the consolidation of the separately owned UK, European and Australian businesses.

Appreciate’s CEO, Ian O’Doherty, CFO, Tim Clancy and COO, Julian Coghlan, present the full-year 2022 results for the year ended 31 March 2022. Ian O'Doherty, CEO 00:17 - Introduction 00:58 - Bounce back from Covid 01:59 - Platform of growth Tim Clancy, CFO 03:31 - Financial highlights 04:03 - Statuary P&L 05:40 - Underlying performance 06:34 - Historic EBITDA 07:38 - Billings and revenue 08:18 - Segmental performance 08:46 - Billings by format 09:13 - Park Christmas Savers 09:55 - Corporate 10:53 - Redemption levels 11:29 - Balance sheet 11:55 - Cash flow 12:51 - Financial summary Ian O'Doherty, CEO 13:31 - The growth strategy Julian Coghlan, COO 14:16 - Growth via market leading channels 16:27 - Appreciate Business services highlights 17:49 - Multiple growth initiatives 20:37 - Christmas savings: Business highlights 21:49 - Multiple growth initiatives 24:44 - Love2shop key customers 25:05 - Key enabler for growth Ian O'Doherty, CEO 27:22 - MBL Acquisition 30:10 - ESG update 31:28 - Summary Appreciate Group plc is a United Kingdom-based gifting and engagement company. The Company has a portfolio of brands, designed for the consumer and business customers. Its consumer-facing brands meet a range of saving and gifting needs, while its business products help its corporate customers reward and recognize their employees and clients. The Company’s brands include Love2shop, highstreetvouchers.com, Park Christmas Savings and Appreciate Business Services. Its products include Love2shop Gift Card, Love2shop Gift Voucher, Love2shop Holidays, Single store vouchers and gift cards, Corporate gift cards and VIP experiences and group travel. Love2shop Gift Card is a flexible, pre-paid gift card that enables its customers to spend in their high street stores and a selected range of online retailers. The Love2shop Gift Voucher is a multi-retailer voucher, which can be used to buy products from approximately 200 brands and over 25,000 retail outlets.

Eneraqua Technologies CEO, Mitesh Dhanak and CFO, Iain Richardson present the full year results for the period ended 31 January 2022. Commenting on the results, Eneraqua Technologies CEO, Mitesh Dhanak, said: "This has been a year of considerable achievement for Eneraqua. We were delighted to successfully list on AIM and we have been able to work towards the ambitions that were set out at IPO. We have continued to grow in both energy and water, with the recentcontract wins in the UK and India. This, alongside the strategically important acquisitions that we completed, shows the quality of the services that we are now able to provide our clients. "I am incredibly proud of everything the team has achieved to date, building a market-leading offering with fantastic customer relationships. Whilst we are proud of what we have achieved, we are very much still at the start of our journey. The increasing Net Zero regulation and initiatives being introduced across the globe provide us with confidence that we can deliver long-term value for our shareholders." Mitesh Dhanak, CEO 00:17 – Introduction 00:48 – Summary 01:09 – The story so far 02:07 – Overview 02:43 – Cenergist energy 07:56 – Cenergist water 10:41 – Technology IP 11:19 – The market 12:51 – Growth drivers 13:46 – ESG 13:56 – Growth in the addressable market Iain Richardson, CFO 15:29 – Financial highlights Mitesh Dhanak, CEO 16:29 – Growth Iain Richardson, CFO 18:22 – Income statement 19:42 – Balance sheet 20:28 – Cash bridge 20:56 – Cash flow 21:25 – Commercial risks and mitigation Mitesh Dhanak, CEO 22:48 – Business update Iain Richardson, CFO 27:47 – Group revenue 28:49 – Growth strategy Mitesh Dhanak, CEO 30:17 – Outlook 30:49 – Q&A Eneraqua Technologies plc is a United Kingdom-based company. The Company helps to provide delivery and advice on decarbonization and water efficiency projects for clients. It supports clients to replace gas, oil or electric heating systems. The Company offers a range of communal/district heating solutions utilizing, gas, air source heat pumps (ASHPs), ground-source heat pumps (GSHPs) or hybrid systems. The Company operates in Spain, Netherlands and India.

Oxford Metrics (OMG) interim results overview for the half year ending 31 March 2022. 00:12 - Overview 00:52 - Sale of Yotta 02:15 - Strategy 03:30 - Financials 04:10 - Outlook Oxford Metrics develops software that enables the interface between the real world and its virtual twin. Our smart sensing software helps over 10,000 customers in more than 70 countries, including all of the world's top 10 games companies and all of the top 20 universities worldwide. Founded in 1984, we started our journey in healthcare, expanded into entertainment, winning an OSCAR® and an Emmy®, then moved into defence and engineering. We have a track record of creating value by incubating, growing and then augmenting through acquisition, unique technology businesses. The Group trades through its market-leading division: Vicon. Vicon is a world leader in motion measurement analysis to thousands of customers worldwide, including Guy's Hospital, Industrial Light & Magic, MIT and NASA. The Group is headquartered in Oxford with offices in California, Colorado, and Auckland. Since 2001, Oxford Metrics (LSE: OMG), has been a quoted company listed on AIM, a market operated by the London Stock Exchange. For more information about Oxford Metrics, visit www.oxfordmetrics.com

Mitesh Dhanak, CEO and Iain Richardson, CFO present an overview of full year 2022 results. Mitesh Dhanak, CEO 00:17 – Introduction 00:37 – Overview Iain Richardson, CFO 01:04 – Financial highlights Mitesh Dhanak, CEO 02:14 – Performance since IPO 03:35 – Outlook Eneraqua Technologies plc is a United Kingdom-based company. The Company helps to provide delivery and advice on decarbonization and water efficiency projects for clients. It supports clients to replace gas, oil or electric heating systems. The Company offers a range of communal/district heating solutions utilizing, gas, air source heat pumps (ASHPs), ground-source heat pumps (GSHPs) or hybrid systems. The Company operates in Spain, Netherlands and India.

Idox CEO, David Meaden and CFO, Anoop Kang, present interim results for the period ended 30 April 2022. In summary, David Meaden, CEO says, "We continue to make good progress advancing our strategy to focus on software. Our software solutions deliver value to our customers through managing their complex operational, legislative, and regulatory issues, whilst enabling us to maintain long term relationships with them. Operationally, the business continues to perform strongly within our 'Four Pillars' framework. I am particularly pleased with the progress from the investment we have made in the business; in our people development, notably our culture of engagement and leadership, organisational design incorporating our offshore capabilities, improved management information and automation programmes. All of this has helped deliver an improved quality of revenue, with strong margins and underlying cash generation. Further investments in our M&A team, led by Rob Grubb our former CFO, has created greater focus and opportunity for further expansion through acquisitions. The outlook for the business is promising as we continue to improve our operational capabilities and build momentum in our chosen markets. We are now firmly focussed on our 'fly phase' which we believe will drive value for our key stakeholders." David Meaden, CEO 00:17 – Introduction 01:11 – Agenda 01:29 – Overview 02:16 – HY22 Highlights Anoop Kang, CFO 04:32 – Financial highlights 06:36 – Public Sector Software 09:25 – Engineering Information Management 10:39 – Income statement 11:28 – Balance sheet 12:59 – Cash flow 14:09 – Future guidance David Meaden, CEO 15:30 – Strategy and operations 20:40 – Buy and build 22:34 – Growth plans 24:10 – ESG 26:25 – Outlook 27:12 – Q&A Idox PLC is a United Kingdom-based company, which supplies specialist information management software and solutions to the public and asset intensive sectors. The Company operates primarily in the United Kingdom, the United States of America, Europe and Australia. It offers computer aided facilities management, transport network management and electoral services. The Company provides applications to the United Kingdom local government for core functions relating to land, people and property, including planning systems and election management software. Its segments include Public Sector Software (PSS) and Engineering Information Management (EIM). PSS segment delivers specialist information management solutions and services to the public sector. The EIM segment delivers engineering document management and control solutions to asset intensive industry sectors, such as oil and gas, architecture and construction, mining, utilities, pharmaceuticals and transportation.

Oxford Instruments Chief Executive, Ian Barkshire, and CFO, Gavin Hill present the Full Year 2022 results for the period ended 31 March 2022. Ian Barkshire, Chief Executive Introduction - 00:18 Highlights - 00:45 Horizon Strategy & Progress - 03:20 Group performance - End Markets - 05:30 Gavin Hill, CFO Financial review - 07:08 Ian Barkshire, Chief Executive End market overview - 19:12 Sustainability update - 26:29 Summary and outlook - 28:34 Oxford Instruments plc is a United Kingdom-based provider of high technology products and services to the various industrial companies and scientific research communities. The Company’s businesses include Andor, Asylum Research, Imaris, Magnetic Resonance, Nano Analysis, NanoScience, Plasma Technology, WITec and X-Ray Technology. The Company’s products include Atomic Force Microscopy; Electron Microscopy, Deposition & Etch Tools, Low Temperature Systems, Optical Imaging, Nuclear Magnetic Resonance, Modular Optical Spectroscopy, Raman Microscopy and X-Ray. The Company’s applications include Advanced Manufacturing; Agriculture & Food; Astronomy; Automotive & Aerospace; Bio Imaging & Life Science; Chemical & Catalysis; Energy Generation & Storage; Forensics & Environment; Geology, Petrology & Mining; Metals, Alloys, Composites & Ceramics; Pharma; Photonics; Polymers; Quantum Technologies; and Semiconductors, Microelectronics and Data Storage.