PIWORLD Investor Podcasts

The full video can be seen at: https://www.piworld.co.uk/2018/08/17/international-biotechnology-trust-ibt-presentation-at-sharesoc-april-2018/   IBT presentation at the ShareSoc growth company seminar in April 2018 by Lead Investment Manager Dr Carl Harald Janson.   International Biotechnology Trust offers investors access to the fast growing biotechnology sector through an actively managed, diversified fund. Its award winning fund managers at SV Health Investors are scientifically and medically trained with over 60 years of experience in this specialist sector between them. As well as investing in a wide ranging portfolio of global quoted biotechnology stocks, we include a small proportion of otherwise inaccessible carefully selected unquoted investments which have the potential to deliver additional returns over the long term. Excellent management teams, unique innovative products and strong potential for outperformance are the key criteria for inclusion in our diversified portfolio of assets.   Dr Carl Harald Janson, Lead Investment Manager introduction - 00:17 Performance 1, 3 & 5 years – 00:57 Dividend - 02:16 Share price/discount - 02:52 Dividend sustainability - 03:44 Biotech is a high growth sector - 04:35 Favourable regulatory environment - 07:55 Worldwide pharma sales - 08:25 M&A - 08:47 Risks - 10:25 The US market - 11:21 Sector valuation - 13:23 IBT investment process - 14:14 Risk mitigation - 15:04 Portfolio breakdown - 16:52 Oncology treatment options - 19:04 Top 10 holdings - 20:24 Unqouted portfolio - 21:10 Awards & Summary -23:08 Q&A -22:29

This video can be seen at: https://www.piworld.co.uk/2018/08/15/tamzin-talks-to-judith-mackenzie-downing-llp/   Tamzin talks to Judith MacKenzie, Partner & Head of Public Equity, Downing LLP Judith joined Downing in October 2009. Previously she was a partner at Acuity Capital managing AIM-quoted VCT and IHT investments and a small-cap activist fund. Prior to Acuity, Judith spent seven years as a senior investment manager with Aberdeen Asset Management Growth Capital as co Fund Manager of the 5 Aberdeen VCTs, focusing on technology and media investments in both the public and private arenas. Judith is a Fellow of the Securities Institute and has held a number of public and private directorships. How did you end up founding Downing Public Equity? - 00:25 How would you describe your investing style? – 01:45 Does it vary according to market conditions? - 02:09 What investment criteria are you looking for in companies? - 02:36 What sort of growth are you looking for? - 02:57 What do you when it doesn’t go as planned? - 03:36 What qualities make a good investor? - 04:21 How do you manage the performance of your fund managers? – 06:38 How big a part do you think psychology plays in investing? - 09:14 Comments on Ramsdens (RFX) management sells - 10:22 The best and worst things about managing other’s money - 12:43 What’s your outlook for the small cap market? - 15:22 How does your personal investing differ from what you do with Downing? -16:58

This video can be seen at: https://www.piworld.co.uk/2018/07/31/nwf-group-nwf-full-year-results-july-2018/   NWF CEO Richard Whiting and Group FD Chris Belsham, present the Groups’ full year results to 31st May 2018. Richard Whiting introduction - 00:18 Group overview - 00:31 Fuels results - 01:12 Food results - 02:42 Feeds results - 03:38 Chris Belsham, Financial overview -04:10 Richard Whiting, Group strategy - 08:12 Fuels strategy - 08:19 Food strategy - 09:36 Feeds strategy - 10:32 Summary - 11:19

This video can be seen at: https://www.piworld.co.uk/2018/07/30/newgate-redleaf-ai-conf-hampleton-partners-tech-ma-in-ai-hype-hope-winners-and-losers/   Jonathan refers to a lot of slides, see the video on the link above.   Jonathan Simnett, Director, Hampleton Partners. Jonathan’s presentation looked at “Tech M&A in AI – Hype, Hope, Winners and Losers”, covering the main areas of AI that will be most relevant now, what the conditions for M&A are and why it will be the most important element for investors to consider. Jonathan has been involved in the enterprise technology business for over three decades, managing and turning around existing businesses and helping management and their investors in fast-growth technology segments to grow, manage change, enter markets, transfer technologies, acquire, merge and sell. Ralph Anderson Introduction – 00:09 Jonathan Simnett, outline for talk – 00:38 About Hampleton Partners – 01:45 The tech M&A environment – 03:46 The drivers to Sell out early – 06:07 M&A is the new R&D, reasons for all the activity – 06:53 The 3rd coming of AI – 09:01 Tech trends, hype or hope – 12:28 Geography – 14:38 Private equity valuations – 15:38 Winners & losers, market overview – 16:20 Total AI deals – 17:56 Who’s buying who? – 19:02 Summary – 21:49 Q&A – 28:33

This video can be seen at: https://www.piworld.co.uk/2018/07/28/newgate-redleaf-ai-conference-centre-for-cities-the-future-of-work-in-cities-in-the-uk/   Elena Magrini, Researcher, Centre for Cities. Elena’s presentation covered “The future of work in Cities in the UK”, highlighting the likely changes in jobs across a range of sectors and how this will affect the UK economy. Elena joined the Centre as a Researcher in April 2017, and has an interest in education, inequality, and migration. Previously, she was a policy intern at Universities UK where she conducted research on degree apprenticeships, and a research intern at the New Local Government Network where she worked on employment and skills, and community asset transfers. Elena holds an MSc in International Public Policy from University College London and a BSc in International Economics from Bocconi University. Ralph Anderson, Introduction – 00:09 Implications of AI for jobs – 00:28 Geographic areas at higher risk – 03:02 Characteristics of higher risk cities – 04:42 The history of industrial revolution – 05:12 What will happen? What jobs will grow? Where? – 06:54 What are the challenges? – 10:55 How can we ensure all areas prosper? – 12:30 Q&A – 15:20

This video can be seen at: https://www.piworld.co.uk/2018/07/27/newgate-redleaf-ai-conference-imi-mobile-ai-and-improving-the-customer-experience/   Matt Hooper, SVP Global Marketing, IMI Mobile. Matt’s presentation looked at “AI and improving the customer experience” looking at how AI is already being used in customer service and how attitudes are changing towards it. Matt Hooper, SVP Global Marketing at IMImobile, is an experienced senior enterprise software marketer and general manager, with over 20 years in international marketing, customer experience, product management and business development. He joined IMImobile in 2015 from cloud compliance SaaS provider Cognia. Prior to that he worked with Boston-based Lavastorm Analytics, MDS, Colibria and as a founding executive of service delivery platform pioneer Elata. Matt has also held senior roles at Qualcomm, HP, BT Global, Orange and Parametric Technology. He is a chartered marketer and a certified RFU rugby coach. Ralph Anderson Introduction – 00:09 Matt Hooper, introduction IMI Mobile – 00:25 AI Timeline - 00:55 Forecasts - 02:31 Applications - 03:30 Chatbots - 04:35 What do consumers want? - 05:30 Messaging - 06:44 New communication channels - 09:20 Customer journeys - 10:47 Bringing together AI and assisted customer service - 12:11 Process automation - 15:53 Improving customer experience with AI - 17:20 IMI Mobile - 19:17 Summary - 20:25 Q&A - 21:04

The video can be viewed at: https://www.piworld.co.uk/2018/07/26/newgate-redleaf-ai-conf-sdl-neural-machine-translation-the-toughest-challenge-in-ai/   Mihai does refer to various slides and doesn't read them.   Mihai Vlad, VP, AI & Machine Learning Solutions, SDL. Mihai’s presentation discussed “Neural Machine Translation – the toughest challenge in AI?”, looking at the history of the technology, how it works and why it is now so important to companies in a global marketplace. Mihai Vlad is in charge of the Commercial Strategy for the Machine Translation (MT) division, and all the Machine Learning and AI solutions SDL is bringing to the market. Mihai is an entrepreneur and technologist with background in data sciences, marketing, sales, business and product development. Specifically, Mihai has a deep experience in developing & selling Machine Learning in the Cybersecurity field. Over the past 15 years, Mihai was responsible for building and scaling sales, designed and managed a Data Analytics business, introduced new technologies and delivered complex technical projects all over the world. Throughout university he also ran his own startup – an Internet Service Provider. Ralph Anderson Introduction – 00:09 Mihai Vlad, SDL introduction – 00:39 What is artificial intelligence? – 01:10 Language – 02:19 Machine translation – 02:53 Neural machine translation from numbers to meaning – 08:10 Encoding & Decoding – 10:46 Turing test – 11:24 Why invest in machine translation? – 14:53 Use cases – 15:40 Data protection – 17:48 Specialisation – 18:31 Summary – 19:17 The human & the machine – 22:05 Q&A – 24:22

This video can be seen at: https://www.piworld.co.uk/2018/07/25/newgate-redleaf-ai-conference-breed-reply-ai-in-iot/   Emanuele Angelidis, Chief Executive Officer, Breed Reply. Emanuele’s presentation discussed “AI in IoT – Its role and importance”, showing how IoT is now involved in every sector, the potential market value of each and how our perceptions need to change about this technology. Emanuele Angelidis is a Co-Founder and CEO of Breed Reply, Europe’s leading investor in early stage internet of things (IoT) businesses, that supports IoT entrepreneurs to quickly bring new ideas to market. They achieve this through funding at early-stage; active operational involvement with significant know how transfer of business, managerial and technological expertise; and go-to-market support through the extensive Reply network. Founded in 2014 and based in London they invest across Europe and currently have a portfolio of 20 IoT companies in a variety of different sectors including Health and Wellbeing, Smart Cities and Buildings, Industrial IoT, Platform Infrastructure and Cyber Security. Emanuele Angelidis co-founded Breed Reply after a long, successful career in the telecoms industry. Emanuele started at Italtel Telecomunicazioni, and in 1994 took part in the start-up and development of Omnitel, latterly Vodafone Italy. In 1999, he co-founded Fastweb, one of Italy’s largest telecoms companies, and was CEO. Ralph Anderson Introduction – 00:09 Emanuele Angelidis, introduction to Breed Reply – 00:27 IoT & AI – 01:07 Disrupting multiple sectors & value – 02:11 Realising the value from IoT & AI – 07:32 Challenges – 16:03 Application examples – 21:30 Conclusion – 26:37 Q&A – 28:38

The video of this presentation can be seen here: https://www.piworld.co.uk/2018/07/24/newgate-redleaf-ai-conf-razorsecure-cyber-security-and-transport-protection-on-the-move/   Alex Cowan, Chief Executive Officer, RazorSecure. Alex’s presentation discussed “Cyber Security and Transport – protection on the move” highlighting the processes, requirements and challenges facing companies today. Alex Cowan started RazorSecure after 15 years in the gaming industry working on massive multiplayer games with hundreds of thousands of players and thousands of servers. During that time, he worked in developing software to manage credit card payments and live operational systems as well as dealing with hackers trying to gain an advantage over other players. He saw an opportunity to manage cyber security in a different way, using machine learning with a focused approach to individual systems rather than focusing on network traffic. RazorSecure now provides its patented machine-based learning software to transport system suppliers and operators across Europe. Ralph Anderson introduction: 00:10 Alex Cowan, RazorSecure introduction - 00:36 Introduction to Cyber Security - 02:11 Frameworks & legislation - 03:43 The layered approach - 06:27 Intrusion detection - 07:34 Anomaly detection - 10:07 Signature based, focussed on the past - 11:10 RazorSecure Delta - 11:44 RazorSecure’s approach to Machine Learning - 13:00 The power of grouping - 13:55 The cyber kill chain - 14:37 Clients - 17:50 The next 5 years - 18:48 Q&A – 19:00

This video can be seen at: https://www.piworld.co.uk/2018/07/23/newgate-redleaf-ai-conf-kx-machine-learning-the-growth-of-predictive-analytics/   James Corcoran, Global Head of Products and Solutions for Kx (part of First Derivatives). James’ presentation discussed “Machine Learning – the growth of Predictive Analytics”. James has been at Kx for over 7 years and he is responsible for software sales, pre-sales, product design and the implementation of enterprise solutions for all new and existing Kx clients. Ralph Anderson introduction to conference – 00:09 Introduction to KX – 02:18 James Corcoran opening introduction – 02:28 About KX – 02:55 What is predictive analytics? – 03:56 What does a predictive analytic look like? – 04:54 How long has it been around? – 5:50 How does it work? – 07:18 How will it work? – 07:37 The hype – 08:04 What is Machine Learning? – 10:32 What isn’t Machine Learning? – 11:21 But really, what is it? – 11:41 Real world examples – 13:05 How to implement Machine Learning – 20:10 Modelling – 21:42 Q&A – 23:16