PIWORLD Investor Podcasts

Mark Dorman, CEO & Alex Smith, CFO present the full year 2021 results, for the period ended 31st May 2021. A very strong performance with net fees up 10% year on year; pre-tax profit +114%, and EPS +140%. The profit growth was driven by improving market conditions with especially strong demand for STEM skills and productivity growth. We hear the progress made against the 2024 ambitions and end with the outlook, which is ahead of the full-year expectations.   Mark Dorman, CEO 00:18 Introduction to Andrew Beach, CFO designate 01:12 STEM's purpose: bringing skilled people together 02:14 Overview of period Alex Smith, CFO 06:19 Financial review Mark Dorman, CEO 22:07 Business overview 25:18 ESG: empowering a sustainable future 27:35 Themes in the sector 29:53 Progress against 2024 ambitions & outlook Mark Dorman, CEO & Alex Smith 31:50 Q&A 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.

The full management team Dan Wright, Executive Chairman, Gareth Jenkins, CEO, Richard Newman, CFO and Graham Cox, Commercial Director give a comprehensive overview of the turnaround to date, with the period’s achievements operationally, including the two acquisitions, and financially. They cover the main markets, investment to date and going forward, and the 2022 outlook. Dan Wright, Executive Chairman 00:18 The vision Gareth Jenkins, CEO 02:50 Performance summary Richard Newman, CFO 04:13 Financial results Gareth Jenkins, CEO 08:14 The acquisitions: Leicester Tissue Company (LTC) & John Dale Graham Cox, Commercial Director 12:32 The Markets Gareth Jenkins, CEO 19:08 Investment 22:28 FY2022 outlook 25:07 Conclusion 26:07 Q&A Accrol Group Holdings plc is a United Kingdom-based independent tissue converter and supplier of toilet tissues, kitchen rolls and facial tissues. The Company supplies to a range of discounters and grocery retailers across the United Kingdom (UK). It imports Parent Reels from around the world and converts them into finished goods at its manufacturing, storage and distribution facility in Blackburn, Lancashire. The Company operates from five sites, including four in Lancashire. The Company has 15 converting lines in operation providing capacity of approximately 118,000 tons per annum. Its subsidiaries include Accrol UK Limited, Accrol Holdings Limited and Accrol Papers Limited.

Ultra's CEO Simon Pryce and CFO Jos Sclater present the Group's 2021 interim results. It was a stronger than anticipated first-half performance and excellent strategic progress. The Focus; Fix; Grow transformation programme is delivering ahead of plan and with a better payback than originally anticipated. This should accelerate top-line and market share growth. They are increasingly confident about future prospects. Simon Pryce, CEO 00:17 – Introduction 01:24 – Overview Jos Sclater, CFO 04:52 – Financial Highlights 17:19 – 2021 Outlook Simon Pryce, CEO 18:59 – Our Markets 24:58 – Growth Drivers Jos Sclater, CFO 36:02 – Transformation Program 41:35 – ESG Simon Pryce, CEO 43:10 – Summary Jos Sclater, CFO Simon Pryce, CEO 44:58 – Q&A Simon Pryce, CEO 52:35 – Closing Remarks Ultra Electronics Holdings plc provides solutions and products in the defense and aerospace, security and cyber, transport and energy markets, by applying electronic and software technologies. The Company operates in three segments: Aerospace & Infrastructure, Communications & Security, and Maritime & Land. Its market facing segments are Aerospace, Infrastructure, Nuclear, Communications, C2ISR, Maritime, Land and Underwater Warfare. The Aerospace & Infrastructure division produces high-integrity, safety critical electronic control systems for aircraft applications, including position sensing and control; airframe and engine ice protection and detection; electronic architectures; weapon control, and noise cancellation systems. The Communications & Security division provides mission critical, information dominance solutions. The Maritime & Land division provides sensors, combat management systems, power solutions for surface, sub-surface and unmanned platforms.

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 second 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 00:17 – Introduction Hamish Mair, MD, Head of Private Equity 03:47 – BMO Global Asset Management A gross asset private equity 'value added' fund of funds with c. 450 underlying companies. Pieter Staelens, MD, Portfolio manager 21:51 – CVC Credit Partners A leader in global credit and private equity. Steven Tredget, Partner 35:52 – Oakley Capital (OCI) A closed-ended investment company, which achieves capital appreciation through private mid-market UK and EU businesses. 49:22 – Q&A

SThree CEO Mark Dorman and CFO Alex Smith give an overview of the Group's 2021 half year results for the period ending 31st May 2021. Mark Dorman, CEO 00:30 - H1 21 Highlights Alex Smith, CFO 01:50 - Financial highlights Mark Dorman, CEO 03:30 - Strategy progress 05:15 - Outlook 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.

John shares his portfolio performance during the first 6 months of 2021, the main contributors and detractors. We get an update on De La Rue, his 2021 PIWORLD pick in December and what he's most bullish about today. We touch on his fund portfolio launched July 2020. John was very prescient in calling the markets during the Covid crash, so we ask his views on the outlook for markets and inflation. 00:55 John’s performance to date 02:36 Which stocks have been the best contributor to John’s performance? SDI (SDI) 05:39 Sigmaroc (SRC), before the Nordkalk Oy Ab reverse takeover announcement! 07:39 Sylvania Platinum (SLP) 11:05 K3 Capital (K3C) 12:14 Main detractors from John’s performance: Biotech Growth (BIOG), Baillie Gifford (BGUK), Syncona (SYNC) & Bioventix (BVXP) 16:09 De La Rue (DLAR) 23:40 Lundin Energy (LUNE) 32:23 Supreme (SUP) 36:28 John’s funds portfolio performance 40:39 Inflation and the market outlook 46:00 JICUK.com About John Rosier In June 1984, John left university with a degree in Zoology and started work in The City of London. He enjoyed the first 14 years of his career at Fleming Investment Management, initially as an analyst and then as a UK portfolio manager; in 1997 he was appointed Head of UK Equities. He was a director at Henderson Global Investors from 1998 until 2004, before moving to the West End and working for two hedge funds. John’s investment career at Flemings and Henderson was focused on managing UK equity portfolios for corporate and local authority final salary defined benefit pension schemes as well as the reserve fund for the NSPCC. During 2009 John left full-time employment since when he has been managing his own portfolio. John can be found at https://www.jicuk.com/

Phillip Wale, CEO, and Stephen Ford, Head of Wealth Management give an overview of FY21, the year ended 31st March. A strong performance from the Capital Markets Division and continued progress in Wealth Management has delivered the first profit in five years and has enabled considerable investment across the Group to ensure future growth. Phillip Wale, CEO 00:21 – Introduction 00:40 – Financial Highlights Divisional Review Stephen Ford, Head of Wealth Management 01:51 – Wealth Management Phillip Wale, CEO 03:41 – Capital Markets 05:07 – Current Trading and Outlook 05:35 – Summary WH Ireland Group plc is a holding company. The Company's principal activities are the provision of wealth management and corporate finance advice, research, products and services to the private clients, and small and medium sized companies. It operates through two segments, which include Private Wealth Management and Corporate Broking. The Private Wealth Management segment offers investment management advice and services to individuals and contains its wealth planning business, giving advice on and acting as intermediary for a range of financial products. The Corporate Broking segment provides corporate finance and corporate broking advice and services to the companies, and acts as nominated advisor to clients listed on the Alternative Investment Market (AIM). The Corporate Broking segment contains its institutional sales and research business, which carries out stockbroking activities on behalf of companies, as well as conducting research into markets of interest to its clients.

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 00:17 – Introduction to Listed Private Capital Paul Daggett, MD NB Private Equity Partners 05:40 – NB (Neuberger Berman) Private Equity Partners Investing in private companies to generate long-term growth. Linda Tierala, Director, Communications and Investor Relations, CapMan Oyj 20:05 – CapMan - A Nordic Private Assets Powerhouse Investing in real estate, infrastructure, special situations, growth, buyout and credit opportunities in the Nordic region. Kristof Vande Capelle, CFO, Gimv NV 34:52 – Gimv Specialist European mid-market investment company that invests in innovative and entrepreneurial growth companies. 54:48 – Q&A

Richard has doubled his money on a rolling twelve-month basis to July 2021. Here, he gives his views on the markets, the economy, and where he sees opportunities. He is positive on global equities, with caveats. He saw August 2020 as the start of the business recovery, which he believes is still on course. He cautions to keep an eye on PMI/ISM data to see the continued growth. He’s bullish on industrial cyclicals due to government fiscal spending, citing Kier. Essentially, he’s looking for companies with pricing power, strong brands and structural drivers. Richard runs a concentrated portfolio of just 16 stocks, here he expands on some of his holdings and why he feels these investments will profit in the current environment. You should assume Richard owns any shares he talks about so, of course DO YOUR OWN RESEARCH if they are of interest to you. 00:50 Richards performance year to date 01:25 Reach (RCH) 02:00 The markets and economic background. 10:25 Reach (RCH) 14:18 Polar Capital (POLR) 15:57 Redde Northgate (REDD) 16:35 UP Global Sourcing (UPGS) 17:05 Macfarlane (MACF) 17:20 Synthoma (SYNT) 18:00 Wickes (WIX) 18:25 Novacyt (NCYT) 23:51 Made.com (MADE) 32:19 Devro (DVO) 39:22 National World (NWOR) 49:55 The government bond market PIWORLD videos are for information, education and interest only. They do not constitute any kind of recommendation to buy a share in any company mentioned, do your own research. Richard's background in his own words: My interest in the London stock market came about in the early 80’s – working over the summer holidays whilst at college, as a post boy – leading to being somewhat of a gofer for a man called Zimmerman, who help build Mercury Asset Management in the 1980s. The taste of the moving parts of the City gave me my first real joy of City life – and I loved it. 1986 – joined Lazard Brothers (via the back door) as a Trust Accountant, valuing and doing the daily book-keeping for investment trusts/unit trusts. Had my chance to move to the front office in 1988 as an assistant fund manager on the bond the international desks. Met my first real mentor John Innes, helping to manage and win major international global accounts – flying around the world in my mid 20’s. Realised the real way to learn the skills needed to manage money was via mentors – very good ones. My real passion is to manage money invested directly in stocks and shares – where I saw the excitement and thrills – and having the belief I could make serious money. Passed my analyst and other professional exams then had the chance to join a real modern-day investment legend – Richard Smith – becoming his no.2 on the Lazard UK Small Companies desk. Over the following 5 years gained the opportunity to build the investment style foundation stones – I still follow today. The importance of skilled mentors – is the real key to the success of any young professional – especially in the investment world. True 30 years ago – true today. 1997 – left Lazard to join the sell-side (stockbroking), Chaterhouse - specialising in small and mid-cap UK companies. An amazing experience, helping to take a mid-ranking firm to No1. 2001 – sold my soul to Merill Lynch. 2005 – returned to the buy-side with Cazenove to help run the UK-focused hedge funds – mixing my stock-picking skills to their business cycle style. Ended up with about £1.5billion of funds to manage and becoming one of the most successful performing UK hedge funds in the UK in that period, especially the GFC. 2010 – left Cazenove to join Trium – a private family wealth office – managing our own money – no clients – simply an absolute returned focused approach. Long – short. And both short and long-term objectives and managing my own pa. money alongside.

The Panoply FY21 results presentation by Neal Gandhi, CEO and Oliver Rigby, CFO. An excellent year. Highlights include having welcomed three quality businesses into the Group, delivering 19% organic revenue growth, very strong cash conversion and having made substantial progress against ESG targets. Trading momentum has accelerated further into the current year, and they have signed c £18.6m in new contracts in Q1 FY2022. They expect revenue and EBITDA for FY22 to be significantly ahead of current market expectations and to deliver analysts' expectations for FY23 a full year early. Neal Gandhi, CEO 00:18 – Introduction & Agenda 00:46 – 2021 in Overview 02:52 – Covid-19 – Playing Our Part 05:57 – Our Impact 07:43 – Our Market 08:22 – Organic Growth 09:27 – Acquisitive Growth Oliver Rigby, CFO 11:27 – Financial Results 13:27 – ESG Results 15:53 – Our Commercial Vision for 2023 17:37 – Our ESG Vision for 2023 18:30 – Financial Graphs 20:10 – Statutory P&L Neal Gandhi, CEO 22:36 – Business Overview & Outlook Neal Gandhi, CEO Oliver Rigby, CFO 31:21 – Q&A Neal Gandhi, CEO 39:14 – Closing Remarks The Panoply Holdings PLC is a United Kingdom-based technology-enabled services company. The Company is focused on digital transformation. The Company's segments include Consulting and innovation, Software development and Automation. The Consulting and innovation services include strategy consulting and service design. The Software development services include digital transformation, technical software development, cloud-based services and information technology (IT) implementation. The Automation services include automation, robotics, chatbots and artificial intelligence (AI). The Company's subsidiaries include Bene Agere Norden AS, Manifesto Digital Limited, Questers Resourcing Limited, iDisrupted Limited and Greenshoot Labs Limited. Bene Agere Norden AS is a strategic and management consultancy with a focus on digital transformation. Manifesto Digital Limited is a digital experience agency.