PIWORLD Investor Podcasts

This video can be seen at: https://www.piworld.co.uk/2021/03/29/judges-scientific-jdg-full-year-2020-analyst-presentation/   JDG management team David Cicurel, CEO, Brad Ormsby, FD & Mark Lavelle, COO, present the results for the full year 2020. Overall the group was impacted by CV19, although each company in the group experienced it differently. By the year-end, the group’s organic order book had recovered to 14 weeks (2019: 13.2 weeks). There were three acquisitions during the period. Hear the full details here. David Cicurel, CEO 00:41 – Overview 04:09 – Key messages 06:52 – Covid-19 Update Brad Ormsby, FD 08:45 – Performance review David Cicurel, CEO 20:56 – Growth strategy 24:30 – Acquisitions Mark Lavelle, COO 32:39 – Post acquisition David Cicurel, CEO 39:39 – Outlook & Investment case Mark Lavelle, COO & Brad Ormsby, FD 43:20 – Q&A David Cicurel, CEO 53:46 – Closing remarks Judges Scientific plc is a United Kingdom-based company, which is engaged in the acquisition and development of a portfolio of scientific instrument businesses. The Company’s activities are predominantly in or in support of the design and manufacture of scientific instruments. Its segments include Materials Sciences and Vacuum. Its subsidiaries include Armfield Limited, engaged in the design and marketing of engineering equipment and research instruments; Fire Testing Technology Limited, which is engaged in the design, manufacture and service of instruments that measure the reaction of various materials to fire; Scientifica Limited, which offers micropositioning equipment, microscopes and advanced imaging systems used in electrophysiology and neuroscience; Quorum Technologies Limited, which manufactures scientific instruments primarily used for electron microscopy sample preparation, and Sircal Instruments (UK) Limited, which designs, manufactures and distributes rare gas purifiers.

This video can be seen at: https://www.piworld.co.uk/2021/03/26/cvs-group-cvsg-h1-analyst-presentation-given-25-3-21/ Richard Fairman, CEO, Robin Alfonso, CFO and Ben Jacklin, COO present the CVSG interim results to analysts. Richard Fairman, CEO 00:18 Introduction 01:09 H1 highlights 01:55 UK Pet Market 03:45 Integrated model 07:15 Trading with CV19 10:15 Acquisitions Robin Alfonso, CFO 10:55 Financial review Ben Jacklin, COO 16:30 Operational update Richard Fairman, CEO 22:15 Outlook Q&A 24:16 CVS Group plc is a holding company. The principal activities of the Company are to operate animal veterinary practices, veterinary diagnostic businesses, pet crematoria and an online pharmacy and retail business. Its segments are Veterinary Practice, Laboratories, Pet Crematoria and Animed Direct. The Veterinary Practice segment offers treatment for companion animals, equine and farm animals. The Laboratories segment provides diagnostic services to its veterinary practices and third-parties. Its laboratories provide Biochemistry, haematology, histology, serology and advanced allergy testing. The Pet Crematoria segment offers pet cremation services to its veterinary practices, third-party practices and directly to pet owners. The Animed Direct segment sells prescription and non-prescription drugs, pet food and other animal related products through its Website. It operates approximately 360 veterinary practices, four diagnostic laboratories, seven pet crematoria and an online dispensary.

This video can be seen at: https://www.piworld.co.uk/2021/03/25/tandem-group-tnd-fy20-results-presentation/ Jim Shears, CEO and Phil Ratcliffe, Group Commercial Director present FY20 results. Revenues were down, in part, due to less FOB business but profit was significantly up due to higher margins. The improved margins were achieved by a higher margin product mix, careful cost control, and reduced operating costs. CV19 has had a massive impact on both supply and demand, sometimes for the better or the worse, with a net positive effect. This is a really comprehensive presentation to understand the moving parts. 00:00 - Opening Jim Shears, CEO 00:36 - Operational highlights 10:48 - Financial highlights Phil Ratcliffe, Group Commercial Director 15:08 - 2020 Review 19:25 - Elements of the business 24:43 - Summary 25:08 - 2021 Challenges 27:18 - Outlook Jim Shears, CEO 31:54 - Closing remarks 32:36 - Q&A Tandem Group plc is a holding company. The Company is engaged in the design, development, sourcing and distribution of sports, leisure and mobility equipment. The Company operates in two segments: Bicycles, bicycle accessories and mobility, and Sports, leisure and toys. The Company's subsidiaries include Tandem Group Cycles Limited, which is engaged in the design, development, sourcing and distribution of sports, leisure and toy products; MV Sports & Leisure Limited, which is engaged in the design, development, sourcing and distribution of bicycles and accessories; Pro Rider Limited, which is engaged in the design, development, sourcing and distribution of mobility and leisure products, and E.S.C. (Europe Limited), which is engaged in the design, development, sourcing and distribution of leisure products.

This video can be seen at: https://www.piworld.co.uk/2021/03/24/bonhill-group-bonh-full-year-2020-results-presentation/   Simon Stilwell, CEO and Sarah Thompson, CFO present the FY20 results. After a strong start to 2020, CV19 led to change in the operating environment, which transitioned the business to an increasingly digital-first business, with virtual events and product and revenue opportunities across the Group. BONH are confident of revenue growth of c 12% in 2021 and EBITDA of c £1.2m, ex any Government support. They have had a good start to 2021. 00:00 – Opening Simon Stilwell, CEO 00:37 – Introduction 02:07 – Operational highlights Sarah Thompson, CFO 03:15 – Financial highlights Simon Stilwell, CEO 05:13 - Covid-19 Response Sarah Thompson, CFO 06:58 – Covid-19 Cost saving 08:38 – Financial statement Simon Stilwell, CEO 10:04 – Event Analysis 15:54 – Operational update Sarah Thompson, CFO 16:45 – Post Covid opportunities Simon Stilwell, CEO 18:00 – Summary Bonhill Group PLC, formerly Vitesse Media Plc, is a United Kingdom-based business to business (B2B) media company. The Company provides business information, live events and data and insight propositions to international technology, financial services and diversity business communities. Business information includes digital/print magazines, online portal, digital content, video, audio, content syndication and marketing services. Live events include various formats, such as awards, summits, conferences, career fairs and workshops. Data and insight include industry research programs, white papers, market research and survey, directories, industry/company data product, workflow management solution and bespoke consultancy. The Company’s flagship titles include SmallBusiness.co.uk, Growth Company Investor, Information Age, GrowthBusiness.co.uk and What Investment.

This video can be seen at: https://www.piworld.co.uk/2021/03/23/eagle-eye-eye-2021-interim-results-presentation/   Tim Mason, CEO and Lucy Sharman-Munday, CFO present the H1 21 results to analysts. Although CV19 has impacted an element of their customer base, and hence the growth rate in the short-term, it's highlighted the need for retailers to digitally engage with their customers. Overall, they are confident in their offering, and the increased opportunity, and believe there is considerable potential for expansion. Tim Mason, CEO 00:00 – Opening 03:03 – Introduction 07:39 – Client pain points 08:13 – Executive summary Lucy Sharman-Munday, CFO 20:23 – Financial update Tim Mason, CEO 30:30 – Strategic update 31:32 – Outlook 52:32 – Q&A 53:23 – Closing remarks Eagle Eye Solutions Group plc is a software as a solution (SaaS) technology company. The Company is engaged in the marketing, validation and redemption of digital promotions in real-time for the grocery, retail and hospitality industries. The Company's software platform, Eagle Eye AIR, integrates with all existing point of sale (POS) systems and creates digital offers, rewards and vouchers then delivers them to customers by e-mail, text or through a loyalty application for instant redemption. Eagle Eye AIR enables brands and merchants to set up targeted campaigns, choosing various media channels to reach specific demographics. Eagle Eye AIR captures real-time data on consumer activity and campaign success. Eagle Eye Promote is a rules-based platform for brands and retailers, which creates, builds and manages their promotional campaigns. Eagle Eye Gift allows tracking of gift vouchers, including redemption data. Eagle Eye Reward supports and enables the digitization of loyalty schemes.

This video can be seen at: https://www.piworld.co.uk/2021/03/23/somero-som-fy20-results-presentation/   Jack Cooney, CEO, John Yuncza, CFO & Enzo LiCausi, VP of Finance outline the results for the period. They achieved a balance between short-term requirements due to CV19 while advancing their long-term strategy. They introduced three new products that contributed immediately to the current year figures and completed expansions of the operation and training facilities, laying the foundation for future growth. The period closed with the strongest cash position in the company's history and they are well positioned to make investments for long-term growth in new and existing markets. Jack Cooney, CEO: 00:00 Introduction 00:26 2020 in review John Yuncza, CFO: 02:40 Financial Highlights 04:05 Sales by Territory 08:15 Sales by Product Enzo LiCausi, VP of Finance: 12:00 Operating Results 14:20 Financial position 15:35 Cash Flows 17:19 Dividend John Yuncza, CFO: 18:20 Global Growth Strategy 20:05 New products 22:15 Products and Applications 23:33 Training & Expertise 24:20 2021 Outlook 27:00 Q&A Jack Cooney, CEO: 47:45 Closing remarks Somero Enterprises, Inc. is a manufacturer of laser-guided equipment. The Company's equipment automates the process of spreading and leveling volumes of concrete for commercial flooring and other horizontal surfaces, such as paved parking lots in North America. The Company's products include S-22E, S-15R, S-15M, STS-11M, S-840, S-485, CopperHead XD 3.0, Mini Screed C, PowerRake 3.0, 3-D Profiler and SiteShape. Its Somero Floor Levelness System monitors Laser Screed performance, operator performance and reports alert percentages of issues. The Somero SiteShape System allows for grade shaping automatically using users' motor grader, dozer or other grading machine. The Somero 3-D Profiler System allows automatic paving of contoured sites using a Somero Laser Screed equipment. The CopperHead XD machine encounters applications, such as chaired rebar, low slump and poor subgrades. The Somero eXtreme Platform (SXP) allows users use their Laser Screed equipment.

This video can be seen at: https://www.piworld.co.uk/2021/03/23/litigation-capital-management-lit-h1-results-presentation/   Patrick Moloney, CEO, Nick Rowles-Davies, Executive Vice Chairman, and Mary Gangemi, CFO outline the interim results for H1 21. During the period they continued to build scale. They continue to receive an increased flow of quality applications. And, the market conditions are increasing the demand for dispute finance. Patrick Moloney, CEO 00:00 Start 00:40 H1 highlights & progress on priorities 08:12 Building scale Mary Gangemi, CFO 11:15 Financials Patrick Moloney, CEO 13:22 Current portfolio of direct investments 15:26 LCM Global Alternative Returns Fund 16:27 Combined portfolio profile 23:26 US$50m credit facility Nick Rowles-Davies, Executive Vice Chairman 26:10 Market conditions 29:10 Outlook Patrick Moloney, CEO 33:00 Summary 34:23 Q&A Litigation Capital Management Limited is engaged in the business of providing litigation financing and ancillary services to enable the recovery of funds from legal claims. The Company focuses on financing and management of Litigation Projects. The Company has provided litigation financing to over 40 Completed Litigation Projects, which consisted of approximately 190 cases. The Company sources the majority of its Litigation Projects through referral networks within the Australian legal, accounting and insolvency sectors. Insolvency practitioners represent a source of work as do solicitors within Australian firms who refer insolvency and commercial claims to it. It also receives direct applications. When considering whether to finance a Litigation Project, the Company undertakes analysis of the quantum of the Gross Claim Size and potential Recovery as compared to the likely costs and financing commitment required. The Company's subsidiary is LCM Litigation Fund.

This video can be seen at: https://www.piworld.co.uk/2021/03/19/emis-group-emis-2020-full-year-results-presentation-to-analysts/   Andy Thorburn, CEO & Peter Southby, CFO give an overview of the year to analysts. Although Covid has meant revenue was flat, the recurring revenue, cash flow and reported operating profit increased. Behind the scenes, Covid has been a catalyst for change, leading to a more rapid adoption of digital health care. Recurring revenue was up 4%, representing 82% of total revenue. £28m of new business delivered in the year and strong cash position of £53m. Current trading in line with expectations, with a good pipeline of opportunities. Emis expect to return to growth in 2021, with new product developments leading to opportunities for higher growth levels in 2022 and beyond. Andy Thorburn, CEO 00:17 – Introduction Peter Southby, CFO 02:42 – Financial Highlights 04:02 – Income Statement 06:03 – Segmental Analysis 07:08 – Revenue Analysis 08:13 – Cashflow 09:50 – Balance sheet 10:20 – Guidance Andy Thorburn, CEO 12:37 – Operational review 14:20 – COVID-19 response 15:47 – Engaging with customers 16:56 – Engaging with our team 20:31 – Executing our roadmap 21:42 – The changing healthcare market 22:00 – NHS restructure 23:16 – New & emerging opportunities 25:28 – EMIS connected care 32:39 – Summary & 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.

This video can be seen at: https://www.piworld.co.uk/2021/03/19/parsley-box-meal-ipo/ Kevin Dorren, CEO outlines Parsley Box's business, which is to IPO on AIM on 31st March. Parsley Box is a UK, Direct to consumer ready meal provider who target the Baby Boomer+ demographic. The capital light business model and scalable platform has enabled a CAGR of 248% from FY18 to FY20. Going forward they are looking to capitalise on the structural shift in the Grocery market to online shopping, an increased prevalence of D2C, and the growing Baby Boomer+ demographic. 00:00 – Opening & disclaimer 00:14 – Introduction 01:08 – The product 02:05 – The market 02:33 – The direct to consumer model 03:15 – Investing for growth 03:49 – The investment case

This video can be seen at: https://www.piworld.co.uk/2021/03/18/empresaria-emr-2020-full-year-results-overview/ Rhona Driggs, CEO & Tim Anderson, CFO give an overview of the 2020 full year results. Rhona Driggs, CEO 00:32 Overview of the period Tim Anderson, CFO 01:58 Overview of the financials Rhona Driggs, CEO 03:30 Highlights of the period 04:55 The outlook   Empresaria Group plc is a United Kingdom-based international specialist staffing company. The Company’s principal activity is the provision of staffing and recruitment services. The Company is organized across three regions: UK, Continental Europe and Rest of the World and operates across seven key sectors. The Company targets a balanced and diversified spread of operations across its regions and sectors. The Company also targets professional and specialist job levels where its brands can offer value added services to clients. The Company has three main service lines, temporary recruitment, permanent recruitment and offshore recruitment services. The Company’s offshore recruitment services represents a range of different recruitment services and provides training services in South East Asia. The Company’s brands include Alternattiva, Ball and Hoolahan, Become, FastTrack and Greycoat. It has operations in 21 countries.