PIWORLD Investor Podcasts

MADE CEO, Philippe Chainieux and CFO Adrian Evans outline the highlights of the period, including a strategy update and financial review. 00:18 Introduction by Philippe Chainieux, CEO 00:40 Video highlighting the H1 achievements 02:17 The key figures & core strengths by Philippe Chainieux, CEO 07:10 The financial review by Adrian Evans, CFO 10:33 Summary and outlook by Philippe Chainieux, CEO Made.com Group Plc is a United Kingdom-based holding company. The Company through its subsidiary, Made.com Limited, is engaged in the online retail of furnishings and homeware. The Company operates under two reportable segments: UK operations and Continental Europe operations. It sells its products across the United Kingdom, Germany, Switzerland, Austria, France, Belgium, Spain and the Netherlands through its e-commerce platform. The Company partners with over 150 established and up-and-coming designers, artists and collaborators. The Company's subsidiaries also include Made.com Design Ltd, Made.com Netherlands B.V, Made.com Trading Limited and Made.com Company Limited.

SThree CEO, Mark Dorman and CFO, Andrew Beach give a trading update for Q3 2021. A very strong performance for the group with net fees up 11% in the quarter. Investment will gather pace through the remainder of the year with the benefits to be seen FY22. The outlook for the full year is anticipated to be significantly ahead of expectations , following the upwards revision provided in June 2021. Mark Dorman, CEO 00:18 – Q3 Summary Andrew Beach, CFO 01:53 – Financial highlights Mark Dorman, CEO 07:38 – Q3 Outlook 08:56 – Q&A 16:30 – Closing remarks SThree plc is an international staffing company, which provides specialist recruitment services in the science, technology, engineering and mathematics (STEM) industries. The Company provides permanent and contract staff to sectors, including information and communication technology (ICT), banking and finance, life sciences, engineering and energy. The Company's segments include the United Kingdom & Ireland (UK&I), Continental Europe, the USA, and Asia Pacific & Middle East (APAC & ME). The Company's recruitment brands include Computer Futures, Progressive Recruitment, Huxley and Real Staffing. The Company's other brands include Global Enterprise Partners, Hyden, JP Gray, Madison Black, Newington International and Orgtel. The Company delivers contract, permanent, projects, retained and executive search recruitment solutions. Its support and mobility services offer contracting, relocation and relevant visa support. It provides resources to support its brands with contractor services.

Pebble's CEO Chris Lee, and CFO Claire Thomson present the interim results for the period ending 30 June 2021. Revenues are returning to strength, 39% ahead of HY20. Facilisgroup achieved an adjusted EBITDA margin of 54.6%, and they maintain their aspiration to grow annual recurring revenue to $50m by the end of FY24. Brand Addition revenues for FY21 are expected to be ahead of FY20 & FY19. For the outlook, management expect the full year to be at least in line with expectations. Chris Lee, CEO 00:17 – Introduction 01:35 – HY21 highlights Facilisgroup Claire Thomson, CFO 02:24 –Financial highlights Chris Lee, CEO 08:44 – Operational metrics Brand Addition Claire Thomson, CFO 19:27 –Financial highlights Chris Lee, CEO 25:15 – Operational metrics The Pebble Group 29:39 – ESG 31:09 – Outlook 32:18 – Q&A 38:41 – Closing remarks The Pebble Group PLC is a United Kingdom-based company that provides products, services and technology to the global promotional products industry. The Company operates through two businesses: Brand Addition and Facilisgroup. Brand Addition is its promotional product merchandise business that provides promotional products to global brands. Brand Addition, through its network, sources and provides promotional product solutions to clients, who operate in sectors which include health and beauty, fast moving consumer goods, transport, technology, banking and finance and charity. Facilisgroup is the Company’s software as a service (SaaS) business that provides subscription-based services to small and medium enterprise (SME) promotional product distributors in the United States and Canada. Facilisgroup’s suite of services includes business intelligence software and community events.

This is the fifth virtual StockSlam hosted by Damian Cannon. Not only is it great fun, the track record has been pretty impressive with each portfolio of ten picks up as follows: from February 2021 +23%, April +18.5%, May +10% and June +9.6%. The single stock winner has been Tekcapital (TEK) up 186%, followed by Renold (RNO) +63% and Cakebox +51%. The format, each ‘slammer’ has 3 minutes to ‘slam’ their stock followed by 3 minutes of audience questions. These are just ideas, the presenter probably is talking their own book. Please do all your own research! If you’d like to slam at a future StockSlam, please contact me via the PIWORLD contact page. 00:20 Introduction by Damian Cannon 03:00 Damian Cannon: Robert Walters (RWA) 09:11 Tamzin Freeman: Argentex (AGFX) 14:40 Alex Schlich: Capita (CPI) 21:36 David Carle: Belvoir (BLV) 28:15 Twenties Trader: AB Dynamics (ABDP) 35:34 Mark Simpson: Base Resources (BSE) 42:05 David Thornton: Totally (TLY) 48:40 Lawrence Judd: Watches of Switzerland (WOSG) 55:46 Edmund Shing: Geiger Counter (GCL) 01:02:45 Alan Firth: Quiz (QUIZ) 01:08:00 Damian Cannon closing remarks Thank you to all the presenters. The next Stockopedia/PIWORLD StockSlam is Wednesday 8th October, 6pm, register via the events page

Emis’s CEO, Andy Thornburn and CFO, Peter Southby present interim results for the six months ended 30 June 2021. Revenue and adjusted operating profit were ahead of both H1 20 and 19. Recurring revenue represents 79%. The dividend has grown to 10%. EMIS Enterprise was boosted by the use of the Outcomes4Health solution to support the CV19 roll-out in England. EMIS-X development continues and is building strong foundations for future growth. The outlook is in line with expectations for the full year. Andy Thorburn, CEO 00:17 Introduction Peter Southby, CFO 01:00 Financial highlights 02:43 Income statement 04:10 Segmental analysis 05:13 Revenue analysis 06:26 Cash flow 07:43 Balance sheet 08:21 Guidance and trends Andy Thorburn, CEO 10:00 Operational review 11:17 H1 positive progress 14:50 Healthcare market evolution 18:00 Accelerating growth over the coming years 28:49 Market positioning and capabilities 29:55 Outlook EMIS Group plc provides healthcare software, information technology and related services in the United Kingdom. The Company’s segments include Primary & Community Care and Community Pharmacy. The Company serves various healthcare markets under the EMIS Health brand. The Primary & Community Care division provides clinical information technology (IT) systems for general practitioners (GPs) and commissioners. The Community Pharmacy division is an integrated community pharmacy dispensary and retail system. EMIS Health provides clinical software to customers across the healthcare sector. Its brand EMIS Care specializes in the delivery of diabetic retinopathy eye screening.

PIWORLD catches up with Larry Zulch, CEO at Invinity Energy Systems (IES), who gives an overview of the business and Vanadium Flow Batteries (VFB). We get details of some of the projects IES is working on and the exciting joint venture with Siemens Gemesa Renewable Energy. Finally, we get an update about the major shareholders and what investors can expect in the short, medium and long term. 00:32 What does Invinity Energy Systems (IES) do? 00:59 What is a Vanadium Flow Battery (VFB)? 03:09 What is the competitive landscape? 04:17 Projects IES are working on 06:07 The JV with Siemens Gemesa Renewable Energy 08:55 What Larry is most excited about at the moment? 09:57 The major shareholders 11:18 What should investors expect in the short, medium and long term? Invinity Energy Systems PLC, formerly Redt Energy Plc, is a jersey-based vanadium flow battery company. The Company’s vanadium flow batteries are a form of non-degrading energy storage, already deployed and a key alternative to conventional lithium-ion batteries. The vanadium flow batteries are a form of heavy-duty, stationary energy storage, used primarily in high-utilization applications such as being coupled with industrial scale solar generation for distributed, low-carbon energy projects. Its flow batteries store energy in a non-flammable, liquid electrolyte, held in tanks within a self-contained module. Its storage markets are Europe, North America, Asia, Australasia and Africa.

Headlam's CEO, Steve Wilson & CFO, Chris Payne outline the interim results, key accomplishments in the period and current trading. Steve Wilson, CEO 00:18 – Introduction & agenda 01:16 – Headlam overview & COVID-19 Chris Payne, CFO 05:05 – Financial performance Steve Wilson, CEO 22:55 – Operational performance 29:35 – Key accomplishments in the period 33:51 – Corporate governance 36:21 – Current trading & Summary Headlam Group Plc is a United Kingdom-based company, which is engaged in the marketing, supply and distribution of a range of floorcovering products. The Company's operations are focused on providing customers, principally independent floorcovering retailers and contractors, with a range of floorcovering products supported by a next day delivery service. The Company operates through 56 operating segments in the United Kingdom and five operating segments in Continental Europe. Each operating segment is a trading operation aligned to the sales, marketing, supply and distribution of floorcovering products. The Company's activities and facilities are located throughout the United Kingdom, France, Switzerland and the Netherlands. Its business in France operates from approximately two distribution centers and over 20 service centers, and the businesses in Switzerland and the Netherlands each operate from a single distribution center.

With inflation, resources used in electrification, and for new technologies, there may be more appetite for mining stocks from investors who normally avoid the sector. Here, Richard Greenfield, Co-Founder of Tamesis Partners, specialists in global mining and natural resources, shares how newbies can evaluate mining stocks. This is a fantastic overview that may require a few listens; everything from the market overview, where we’re at in the cycle, to how to dip your toe into the sector. Some great nuggets such as, ‘mines are made, not found’, the people are key; and he recommends that the mine should be large enough to attract institutional interest. Of course, the investment hinges on NPV, IRR (greater than 20%); and as with all investments CAPEX, margins and returns. Richard ends with three examples of mining sector stocks that he likes using the evaluation criteria outlined. This is superb. A sector not without risk, but with Richard’s guidance, you should be better armed to understand those risks and the factors you need to evaluate. 00:18 Introduction 01:00 Richard’s background & Tamesis Partners 03:30 What’s the composition of the global metals and mining industry? 05:06 How important is London v other exchanges? 07:00 Where should we look to make money in the current climate? 09:53 Why have equities lagged commodity prices? 10:45 Commodities are highly priced at the moment, will that continue? And what are the drivers? 14:45 How do commodities and equities move with each other? 18:17 What’s the best way for a newbie to play the sector? 22:39 When do you want to get into a mine? 25:57 What makes a good mine and how do you value it? 30:29 What is a good margin for a mine? 32:48 What’s the returns and success rate? 37:57 What are the risks to look out for? 40:41 Richard’s picks of the sector for your further research: 44:04 Tridant Royalties (TRR) 50:04 Shanta Gold (SHG) 55:07 Capital (CAPD) About Richard Greenfield Richard qualified as a chartered accountant with PricewaterhouseCoopers in 2003 before commencing an investment banking career in 2005, almost all of which has focused on the mining sector. While at Ambrian Partners Richard worked alongside Charlie Bendon as part of that firm’s Extel #1 ranked mining team, acting as Nominated Adviser to a large portfolio of junior and mid-tier companies and concluding a wide range of IPO, secondary financing and M&A transactions. Richard joined GMP Securities Europe LLP as a partner in 2010 as part of a significant expansion of GMP’s London operations, with a particular focus on dual and overseas listed companies and cross-border advisory transactions. www.tamesispartners.com LinkedIn: www.linkedin.com/company/tamesis-partners-llp Tamesis Partners research on Research Tree: www.research-tree.com/providers/tamesis-partners

Air Partner CEO Mark Briffa gives an overview of the Kenyon International acquisition, announced 27th August 2021. 00:18 Rationale for the acquisition 00:45 What does Kenyon International do? 01:33 Are AIR moving out of aviation? 02:03 How did AIR fund the acquisition? 02:17 What acquisitions will AIR look at next? Founded in 1961, Air Partner is a global aviation services group providing aircraft charter and aviation safety & security solutions to industry, commerce, governments and private individuals, across civil and military organisations. The Group has two divisions: Air Partner Charter, comprising Group Charter, Private Jets, Freight and Specialist Services; and Air Partner Safety & Security (formerly Consulting & Training), which comprises Baines Simmons, Redline Assured Security and Managed Services. Air Partner has 18 locations across four continents, with its headquarters located alongside Gatwick airport in the UK. The group employs around 450 professionals globally and operates 24/7. Air Partner is listed on the London Stock Exchange (AIR) and is the only publicly listed air charter broker and aviation safety & security consultancy. It is ISO 9001:2015 compliant for commercial airline and private jet solutions worldwide. More information is available on the Company's website (www.airpartnergroup.com). This is third party produced content published by PIWORLD.

Keelan Cooper, Financial Analyst at Stockopedia gives us the background and findings of The Stockopedia IPO Survival Guide. Fascinating evidence that small and micro cap IPOs bought on the first day of trading and sold around the sixth month after the IPO will give a better performance. 00:42 How Keelan got into investing and working at Stockopedia 01:53 Why did you decide to research IPOs & how did you go about it? 03:36 Are IPOs the opportunity to buy a multi-bagger. 04:37 Was there a correlation between management/PE staying in or getting out? 05:37 It looks like timing is the most important but what else should we be looking at? 06:45 How quickly do Stockopedia get IPOs listed, and how long does it take meaningful information for quality and value? 08:16 Wouldn’t you say that higher quality and valuation metrics and small-cap stocks do better for IPOs but wouldn’t that be the same for all stocks? 09:47 You mention aggressive IPO pricing and promotion, who are the main culprits? 10:32 What are the IPO changes proposed by the Chancellor of the Exchequer? 11:25 Do you have any tips to get in at the IPO price? 11:50 Do Stockopedia have any plans to list new IPOs? 12:20 You talk about Tech, Health, Financial and Energy have performed better than Consumer Cyclicals, Telecoms, and Utilities. Wouldn’t that be the case for the wider market anyway? 13:04 You say large cap international IPOs have been poor investments, did you find the same for international small cap and micro caps? 13:47 Were there additional findings in the report that didn’t make the final report? 15:02 IPOs coming up? 16:08 Find the IPO survival guide at: https://why.stockopedia.com/ipo-survival/