PIWORLD Investor Podcasts

This video can be seen at: https://www.piworld.co.uk/2019/06/27/polar-capital-technology-trust-pct-presentation-at-mello-trusts-funds-may-2019/   Polar Capital Technology Trust (PCT) By Ben Rogoff, Investment Director, Technology Introduction – 00:18 The team – 01:07 Investment framework – 02:32 Thematic investing: Hype v Reality – 05:10 Technology change: Little Chef – 07:28 Internet: new networks on unprecedented scale – 10:58 Digital disruption – 15:06 Artificial intelligence – 24:47 Autonomous vehicles – 26:11 Polar Capital Tech Trust: investment themes – 29:11 Smartphones / Apple – 34:06 Q&A – 35:29 Polar Capital Technology Trust plc is an investment trust. The investment objective of the Company is to maximize long-term capital growth through investing in a diversified portfolio of technology companies around the world. The Company’s investment portfolio includes a range of sectors, such as Internet software and services; semiconductors and semiconductor equipment; technology hardware, storage and peripherals; Internet and catalog retail; communications equipment; information technology (IT) services; electronic equipment, instruments and components; healthcare technology; diversified telecommunications services; aerospace and defense; media; healthcare equipment and supplies; household durables; chemicals; electrical equipment; wireless telecommunication services; automobiles, and life sciences tools and services. Its portfolio spans North America; Europe, and Asia and Pacific. Polar Capital LLP is the investment manager of the Company.

This video can be seen at: https://www.piworld.co.uk/2019/06/24/hardman-co-hot-topics-in-the-tech-sector-presentation-at-mello-may-2019/   By Milan Radia, Technology Analyst, Hardman & Co Introduction – 00:18 Internet – 01:29 Key sector themes – 02:27 Internet of Things (IoT) – 03:36 SmartHome and LightWave – 04:52 Evolution of AI – 06:20 Chatbots/Artificial solutions – 08:01 Cloud Adoption – 10:09 Assessing investability – 11:14 Hardman & Co are a rapidly growing, innovative corporate research & consultancy business, based in London, serving the needs of both public and private companies. With an expert team of sector analysts and market professionals, one of whom is Milan Radia. www.hardmanandco.com

This video can be seen at: https://www.piworld.co.uk/2019/06/20/pcf-pcf-sharesoc-presentation-june-2019/   By Scott Maybury, CEO Introduction – 00:18 Company overview – 00:55 Operational highlights – 04:51 Financial highlights – 09:24 Business lines – 11:02 2019 Achievements – 17:30 Outlook – 19:27 Strategic objectives – 22:06 Q&A – 24:33 PCF Group plc, formerly Private & Commercial Finance Group plc, is engaged in banking business. The Company offers retail savings products for individuals. In addition, the Company deploys those funds through its two lending divisions such as consumer finance and business finance. Consumer finance, which provides finance for motor vehicles to consumers. Business finance, which provides finance for vehicles, plant and equipment to small and medium-sized enterprises (SMEs). The Company also provides both depositors and borrowers with a service and a straightforward, range of products tailored to suit their needs.

This video can be seen at: https://www.piworld.co.uk/2019/06/19/urban-logistics-reit-shed-presentation-at-mello-trusts-funds-may-2019/   By Richard Moffitt, Director & CEO, & Christopher Turner, External Management Team, Property Director Introduction – 00:18 Investment strategy – 00:37 The Board & Manager – 07:14 Portfolio: High Quality Tenants – 08:59 Portfolio Highlights – 13:14 The Market – 17:23 Summary – 23:30 Urban Logistics REIT plc, formerly Pacific Industrial & Logistics REIT plc, is a United Kingdom-based investment company. The Company focuses on a specialist sub-sector of the United Kingdom real estate market, investing in industrial and logistics properties that enables businesses to operate distribution networks. It invests in the United Kingdom based industrial and logistics properties with a view to delivering dividends and capital returns to its shareholders. It invests in assets that comprise an interest in freehold or leasehold property. It is also focused on investing in smaller single-let logistics sites. It invests in various geographical locations, such as Bedford, Northampton, Dunstable, Bardon, Chesterfield, Leeds, Haverhill, Leigh and Motherwell. As of March 31, 2018, The Company had invested in 32 properties and 28 tenants. Pacific Capital Partners Limited is the Company’s manager and alternative investment fund manager.

This video can be seen at: https://www.piworld.co.uk/2019/06/18/castleton-technology-ctp-full-year-results-to-31st-march-2019/   by CEO Dean Dickinson and CFO Haywood Chapman. Introduction – 00:18 Financial highlights – 0:46 Progress – 01:52 Acquisitions – 04:29 Outlook – 05:34 Castleton Technology plc, formerly Redstone PLC, is an investment holding company. The Company is engaged in providing software and managed services to the public and not-for-profit sectors, mainly the social housing sector. Its segments include Managed Services, which consists of Castleton Managed Services Limited and Keylogic Limited, and Software Solutions, which consists of the results of Castleton Software Solutions Limited, Kypera Limited and Kypera Pty. It offers KYPERA FINANCIALS, a finance solution, which uses a single ledger format; EDRM, which is an electronic document and records management system that allows organization to manage its documents and supporting information; P2P, which manages repairs and non-repairs processes and integrates finance and repairs system; AGILE, OPUS SERVICE CHARGES and MANAGED SERVICES. Its subsidiaries include Castleton Technology Intermediate Holding Company Limited, Castleton Group Holdings Limited and Castleton Information Group Limited.

This video can be seen at: https://www.piworld.co.uk/2019/06/17/ig-design-group-igr-fy19-results-presentation-june-2019/   By Paul Fineman, CEO & Giles Willits, CFO Introduction & overview – 00:18 Revenue breakdown - 02:30 Commitment to shareholders - 04:16 Financial overview - 06:25 Margin targets - 09:39 Cash conversion - 11:56 Balance Sheet & IFRS16 - 14:41 New banking facility - 15:32 Future targets - 16:49 Strategic drivers & outlook - 18:07 Impact Innovations - 24:03 Managing challenges - 25:48 2020 outlook - 28:42 Why invest? - 29:33 Q&A – 30:03 IG Design Group plc, formerly International Greetings plc, is engaged in the design, manufacture and distribution of gift packaging and greetings; stationery and creative play products, and design-led giftware. The Company's geographic segments include UK and Asia; Europe; USA, and Australia. The Company sells its products in over 150,000 stores across approximately 80 countries. It also offers a portfolio of licensed and customer bespoke products suitable for sale through multi channel distribution. The Company's products include crackers, pens and pencils, stickers, single cards and gift wrap. The Company offers its products under the brands A Star, B Stationery, Papercraft and Pepperpot. Its subsidiaries include Artwrap Pty Ltd, International Greetings UK Ltd, International Greetings USA, Inc, International Greetings Asia Ltd, The Huizhou Gift International Greetings Company Limited, Hoomark BV, Anchor International BV and Hoomark S.p.z.o.o.

This video can be sen at: https://www.piworld.co.uk/2019/06/17/t-clarke-cto-presentation-at-mello-may-2019/   T Clarke (CTO) Presentation at Mello May 2019 By Mark Lawrence, Gp CEO & Trevor Mitchell, Gp FD Video overview of T Clarke - 00:18 Introduction - 02:28 What CTO does - 03:27 Financial summary - 06:09 Current market expectations for 2019 - 07:49 A selection of current projects - 08:53 Our five target markets - 09:46 Investment case - 11:25 Five strategic markets - 13:49 TClarke Europe - 20:15 Summary – 22:28 Shareholder returns - 22:49 Q&A – 23:16 TClarke plc is a United Kingdom-based building services company, which delivers electrical, mechanical, and information and communications technology (ICT) services. The Company provides electrical and mechanical contracting and related services to the construction industry and end users. Its geographical segments include London and South East, Central and South West, the North and Scotland. The Company's businesses include Intelligent Buildings Green Technologies, Facilities Management, Transport, Mission Critical, Manufacturing Services, Residential & Hotels, M&E Contracting and Design & Build. The Company within its M&E contracting business has capabilities in sectors, including commercial offices, retail, education, healthcare, financial services and media. Its Manufacturing Services business includes in-house precision prefabrication and engineering services. Its projects include Beckley Court, Chiswick Park, Kettering Hospital, Project Nova, Mitie Care Home and Rathbone Square.

This video can be seen at: https://www.piworld.co.uk/2019/06/17/tavistock-investments-tavi-presentation-at-mello-may-2019/   By Brian Raven, CEO & Q&A with contribution from Oliver Cook, Chairman Introduction - 00:18 Why invest in Tavistock? - 01:04 Why financial services? - 02:15 The strategy - 03:54 The brand - 05:44 Strategic partnerships - 07:01 Delivering explosive growth & business model - 08:02 The timeline - 11:13 The financials - 11:49 Group structure & detail - 15:57 Our process - 22:45 Leadership team - 23:40 The guaranteed product & Morgan Stanley - 27:41 i-Stock: free of charge account - 31:14 Summary – 33:24 Q&A – 33:54 Tavistock Investments Plc is engaged in the provision of support services to a network of independent financial advisories (IFAs) and the provision of investment management services. The Company's segments include Investment Management and Advisory Support. The Company operates in three businesses, including Tavistock Partners Limited (Tavistock Partners), Tavistock (Tavistock Financial) and Tavistock Wealth Limited (Tavistock Wealth). Tavistock Wealth provides retail clients with access to institutional quality portfolio management. Tavistock Partners provide administration and accounting services to the IFAs. The Company's subsidiaries include Tavistock Wealth Limited, Tavistock Partners Limited, Sterling McCall Limited, Cornerstone Asset Holdings Limited and Duchy Independent Financial Advisors Limited.

This video can be seen at: https://www.piworld.co.uk/2019/06/12/park-group-park-final-results-to-31-march-2019/  CEO Ian O’Doherty provides an overview of Park Group’s final results for the year ended 31 March 2019 and the implementation of the strategy. Highlights - 00:22 Operational performance - 00:52 Implementing the strategy - 01:29 An evolving market place - 02:44 Summary & outlook - 04:27 Park Group plc is a multi-retailer gift voucher and prepaid gift card business, which is engaged in delivering rewards and prepaid products to the consumers and corporates in the United Kingdom. The Company focuses on consumer prepayments and corporate reward and incentive programs. The Company's segments include consumer and corporate. The consumer segment includes the Company's sales to consumers, utilizing its Christmas savings offering. The corporate includes the Company's sales to businesses, offering primarily sales of the Love2shop voucher, flexecash cards and other retailer vouchers to businesses for use as staff rewards/incentives, marketing aids and prizes and all online sales. Love2shop is the multi-retailer gift voucher and prepaid gift card, accepted at over 140 retailers with approximately 20,000 stores in the United Kingdom. It offers flexecash, which is its information technology infrastructure. Its Park Christmas Savings Club operates through a network of agents.

This video can be seen at: https://www.piworld.co.uk/2019/06/11/malvern-international-mlvn-presentation-at-mello-may-2019/   By CEO Sam Malafeh and CFO Bharat Guha. Sam Malafeh (CEO) Introduction – 00:18 History – 01:29 The management team – 03:18 The education industry – 05:21 The business model – 07:53 Why Malvern? - 11:44 Accreditation & partners – 14:48 Scalability - 17:47 Locations - 18:07 Financial progress – 19:10 Bharat Guha (CFO) Bharat’s background - 19:37 Financial progress continued - 20:08 Group strategy - 22:55 Sam Malafeh (CEO) Conclusion - 24:10 Q&A – 25:16 Malvern International (MLVN) Malvern International plc, formerly AEC Education plc, is an investment holding company, which is engaged in the provision of educational consultancy services. The principal activity of the Company is to provide an educational offering that is principally towards preparing students to meet the demands of business and management. The Company's segments include Europe and South East Asia/Middle East. The Company's Europe segment includes London and Cyprus operations. The Company's South East Asia/Middle East segment includes Malaysia and Singapore. The Company offers courses, including certificate, diploma and pre-university programs; university degree and postgraduate programs; preparatory courses for professional examinations; tuition services for secondary school students, and English language teaching. The Company's schools include Malvern House, London; Malvern International, Kuala Lumpur, and Malvern House, Cyprus.