PIWORLD Investor Podcasts

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/

Robert Forrester, CEO & Karen Anderson, CFO present the company, the financials, the current market dynamics and the outlook, followed by an extensive Q&A with no questions unanswered. Straight, direct and informative. A values driven company with professionalism, integrity, opportunity and commitment high up there. Their strategic focus is on growth, digitalisation, costs, ancillary businesses within a supportive environment for staff and customers. Disciplined capital allocation is discussed including share buybacks and acquisitions. Although dividends were halted during the pandemic they are anticipated to be re-established at interim FY22. A great overview of the evolving trends across customers, the industry, technology and sustainability, with a more in depth discussion around digitalisation. Outlook FY22 adj PTP £40-45M, with good momentum, and obvious supply constraints although this does lead to robust margins. Essential watching if you're interested in Vertu or the sector. APOLOGIES FOR THE POOR QUALITY AUDIO. Robert Forrester, CEO 00:17 – Introduction & agenda 00:54 – FY21 Highlights 03:50 – Dealership portfolio 04:36 – Group strategy Karen Anderson, CFO 06:43 – Financial highlights Robert Forrester, CEO 12:07 – Market trends 22:59 – Outlook 26:20 – Q&A Robert Forrester, CEO 59:09 – Closing remarks Vertu Motors plc is an automotive retailer in the United Kingdom. The principal activity of the Company is the sale of new cars, motorcycles, and commercial vehicles and used vehicles, together with related aftersales services. The Company is engaged in the provision of management services to all subsidiary statutory entities. The Company operates a chain of franchised motor dealerships offering sale, servicing, parts and bodyshop facilities for new and used car and commercial vehicles. The Company also operates various franchise dealerships, such as Volvo, Volkswagen, Land Rover, Audi, Mercedes-Benz and Jaguar, and operates Honda dealerships in the United Kingdom. The Company operates approximately 125 franchised and over three non-franchised operations across England and Scotland. The Company's subsidiaries include Bristol Street First Investments Limited, Bristol Street Fourth Investments Limited, Vertu Motors (VMC) Limited and Grantham Motor Company Limited.

Mark Pickett, CEO & Diane McIntyre, CFO present H1 results, giving an overview of the strategy, financial performance and the outlook. In summary, they have grown annual recurring revenue (ARR) 5%; expanded the market opportunity, with new products and geographic expansion; have a strong pipeline of opportunities with existing and new customers; strong cashflows with continued investment in future growth. With a positive start to 2021, they anticipate the full year will be slightly ahead of expectations. Mark Pickett, CEO 00:17 – Introduction 00:49 – Overview 02:18 – Product portfolio 06:01 – Delivering against 2021 objectives 07:54 – Key wins 12:31 – ARR growth & addressable markets 13:59 – ESG Diane McIntyre, CFO 15:22 – Financial performance Mark Pickett, CEO 26:23 – Summary Tribal Group plc is a pioneering world-leader of education software and services. Its portfolio includes Student Information Systems; a broad range of education services covering quality assurance, peer review, benchmarking and improvement; and student surveys that provide the leading global benchmarks for student experience. Working with Higher Education, Further and Tertiary Education, schools, Government and State bodies, training providers and employers, in over 55 countries; Tribal Group's mission is to empower the world of education with products and services that underpin student success.

TRIG interim results 2021 presentation given to analysts and investors on 6.8.21 by the management team. 00:05 Introductory video Helen Mahy, Chairman 00:17 Overview Richard Crawford, Director, InfraRed Capital Partners 01:35 TRIG’s purpose & performance 03:25 Track record Phil George, Director, InfraRed Capital Partners 05:58 Financial highlights 16:02 Funding, investments & commitments Chris Sweetman, Operations Director, RES 17:05 Production Jaz Bains, Group Risk Investment Director, RES 20:59 Value enhancements 23:04 Sustainability Minesh Shah, Investment Director, InfaRed Capital Partners 24:15 Sustainability 25:44 Acquisitions and portfolio construction 28:38 Forecast new capacity Richard Crawford, Director, InfraRed Capital Partners 29:18 Summary Renewables Infrastructure Group Limited is a Guernsey-based closed-ended investment company. The Company invests in operational renewable energy generation projects, predominantly in onshore and offshore wind and solar photovoltaics (PV) segments, across the United Kingdom and Northern Europe. Its portfolio consists of over 70 wind, solar and battery storage projects with aggregate net generating capacity of approximately 1,664megawatts (MW). Its assets are located across United Kingdom, Ireland, France, Sweden and Germany. InfraRed Capital Partners Limited is the Company’s investment manager. Produced by BRR Media. Distributed by PIWORLD.

Following the acquisition of Emma Hardie Ltd announced 29th July 2021, PIWORLD talked to some of the management team about the background and rationale to the acquisition, and the Company's plans for integrating and developing the Emma Hardie brands. Pippa Clark, Global Sales & Marketing Director/Deputy MD 00:48 Can you tell us a little bit about Emma Hardie? 01:35 Why has Creightons acquired Emma Hardie? 05:28 What revenue growth do you think you’ll get from the brand? 07:37 What can we expect this to do to margins? Barry Cook, Acting Managing Director Emma Hardie 08:44 How does it feel to be acquired by Creightons? 10:50 How did you know of Creightons? 11:58 What does Creightons offer to you? Eamon Murphy, Group Finance & Commercial Director 13:18 How have you justified the valuation you’re paying for Emma Hardie? 16:03 What synergies do you think you’ll achieve? 16:34 How will you finance the acquisition? 17:27 Were the revenues and profits of Emma Hardie impacted by CV19, which made a difference to the valuation? Bernard Johnson, Group Managing Director 18:10 Does the acquisition pose any operational integration challenges? 18:47 How long do you think it will take to fully integrate? 19:24 Will there be operational benefits? 20:09 Where geographically will it be based? 20:42 Why has the acquisition happened now? 21:51 Can you summarise how that takes you closer to your 2024 aspirations? Creightons plc is engaged in the development, marketing and manufacture of toiletries and fragrances. The Company operates through three business streams: private label business, contract manufacturing business and branded business. Its private label business focuses on private label products for high street retailers and supermarket chains. Its contract manufacturing business develops and manufactures products on behalf of third party brand owners. Its branded business develops, markets, sells and distributes products it has developed and owns the rights to. Its product portfolio includes bath and shower care, haircare, body care, baby and maternity, and fragrances, among others. Its services include market analysis, creative concept generation, product development, brand development, manufacturing and logistics. Its brands include Frizz No More, Volume Pro, Argan Body, Argan Smooth, Keratin Pro, Perfect Hair, Bronze Ambition, Sunshine Blonde, Beautiful Brunette and Just Hair.