PIWORLD Investor Podcasts

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 00:41 - What is Listed Private Capital? Steven Tredget, Partner, Oakley Capital 04:40 - Introduction to Oakley Capital 07:43 - Unique deal sourcing network 10:10 - Sectors supported by megatrends 12:12 - Value creation strategies 13:36 - Financial KPIs 15:08 - NAV Growth 17:31 - Balance by sector 18:30 - Protection against macro factors 20:48 - Valuation 22:58 - Share price drivers Pieter Staelens, Managing Director, CVC Credit Partners 24:32 - Introduction to CVC 27:01 - What we invest in 29:45 - European leveraged loans & HY Default and recovery rates 33:37 - Default rate forecast 34:19 - Portfolio overview 37:16 - Performance update Linda Tierala, Director communications and investor relations, CapMan 39:01 - Introduction to CapMan 41:05 - Business model 42:39 - Diverse portfolio 44:58 - ESG And targets for 2022 48:27 - Driving ESG 50:18 - Current trading 52:15 - Investor base 52:42 - Strategy 54:25 - Fee profit at record level 55:00 - Sustainability targets 55:43 - Long term objectives 57:13 - Q&A LPeC: https://www.listedprivatecapital.com/ Oakley Capital: https://oakleycapitalinvestments.com/ CVC Credit partners: https://www.cvc.com/ CapMan: https://www.capman.com/

Zoo Digital's management, Stuart Green, CEO and Phillip Blundell, CFO present the results for the year ended 31 March 2022. Stuart summarises here: "These results reflect an outstanding year of operational delivery and growth across the whole business. ZOO is taking market share in a growing market, benefitting from our cloud-based platforms, extensive freelancer network and embedded client relationships. With our global scale and end-to-end offering, we are one of the few vendors capable of meeting the requirements of major media companies to take their content to international audiences. "The streaming market continues to evolve as media companies invest billions of dollars in content to capture and entertain international audiences. We are scaling ZOO's operations to match continuing growing demand. During the year, we introduced new services such as mastering and expanded our presence in some of the fastest-growing regions for our customers, particularly across Asia. These are strategic investments that strengthen our operations in some of the most exciting territories for content expansion and will support our ambitious growth plans. "We are excited about the scale of the opportunity ahead and confident of delivering further profitable growth." Stuart Green, CEO 00:00 - Introduction 01:01 - Overview of the period Phillip Blundell, CFO 04:29 - KPIs 06:14 - Financial highlights Stuart Green, CEO 08:10 - Operational highlights 11:58 - Scaling up operations Phillip Blundell, CFO 13:51 - Consolidated statement of comprehensive income 16:44 - Segmental analysis 18:14 - Consolidated statement of financial position Stuart Green, CEO 20:36 - Market update 32:24 - Zoo's strategy Phillip Blundell, CFO 33:59 - Business model 26:25 - Medium term target Stuart Green, CEO 37:31 - Zoo's ambition 37:54 - Outlook 39:13 - Investment summary 40:31 - Q&A ZOO Digital Group plc is a United Kingdom-based company that provides cloud-based localization and digital media services to the global entertainment industry. The Company's principal activities include provision of a range of services to allow television and movie content to be localized in any language and prepared for sale with all online retailers and to continue with ongoing research and development of productivity software in those areas. The Company operates through three segments: Localisation, including subtitling and dubbing along with all associated services; Digital packaging, and Software solutions, including research, development, consultancy and software sales. The Company provides media services through its platforms that include ZOOsubs, ZOOdubs and ZOOstudio. The Company's services include dubbing, subtitling and captioning, metadata creation and localization, artwork localization, and media processing.

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. 00:16 - Introduction 01:08 - What is Listed Private Capital? Paul Daggett, Managing Director, Neuberger Berman 05:19 - Introduction 06:56 - NBPE's Co-investment Approach 08:09 - Investing in Private Companies to Generate Long-term Growth 10:04 - Portfolio and Diversification 12:06 - Key Investment Themes 13:36 - Financial Highlights 15:05 - Dividend Policy 16:23 - Conclusion Hamish Mair, Managing Director, Columbia Threadneedle Investments 18:08 - Introduction & Overview 22:03 - Financial Highlights and Performance 25:11 - Co-investment summaries 28:59 - Realisations in 2022 to date 29:49 - Portfolio and Diversification 33:14 - Conclusion and Outlook Kristof Vande Cappelle, CFO, Gimv 35:22 - Introduction and overview 37:44 - Portfolio and Diversification 43:14 - Financial Highlights and Performance 51:42 - ESG 54:00 - Q&A LPeC: https://www.listedprivatecapital.com/ Neuberger Berman: https://www.nb.com/en/global/home Columbia Threadneedle Investments: https://www.columbiathreadneedle.co.uk/en/intm/ Gimv: https://www.gimv.com/en

ActiveOps management, Richard Jeffrey, CEO and Patrick Deller, CFO present the full year 2022 results for the period ended 31 March 2022. Richard Jeffrey, CFO & Founder 00:17 - Introduction 00:33 - Introduction to ActiveOps 02:21 - Overview of the year 03:07 - Progress with strategic goals Patrick Deller, CFO 05:06 - Financial review 05:17 - Strength of Saas model 06:32 - P&L 08:45 - EBITDA Bridge 10:27 - Balance sheet Richard Jeffrey, CFO & Founder 11:13 - Strategy update 13:52 - The market 15:48 - Europe and APAC opportunity 16:51 - North America opportunity 18:51 - Further innovation Patrick Deller, CFO 20:27 - ESG Richard Jeffrey, CFO & Founder 22:50 - Q1 Trading and outlook ActiveOps plc, formerly ActiveOps Limited, is a United Kingdom-based management process automation (MPA) software company. The Company provides a software as a service (SaaS) platform to enterprises with global back-offices. Its software and embedded back-office operations management methodology enables enterprises to adopt a data-driven approach to organizing work and managing capacity. The Company's enterprise platform comprises Workware+, its MPA software platform, and AOM, its operations methodology and framework for effective back-office management. Its cloud-based ControliQ employee performance management solution enables managers to simplify running operations. The Company's solution, WorkiQ, captures workforce analytics from desktop activity for employee engagement. The Company's OpsIndex Score & Benchmarking tool involves measuring the performance of the operational business on an enterprise level, department by department and against community level.

Various Eateries management, Andy Bassadone, Executive Chairman, Oliver Williams, CFO and Yishay Malkov, CEO present interim results for the 26-week period ending 3 April 2022. A positive performance in line with expectations for the full year. Andy Bassadone, Executive Chairman 00:17 – Introduction 00:27 – Executive summary Oliver Williams, CFO 06:13 – Financial overview 08:08 – Cash bridge Yishay Malkov, CEO 08:59 – Opportunities and challenges 14:40 – Expansion model 15:52 – New sites Andy Bassadone, Executive Chairman 17:03 – Current trading 19:54 – Summary and outlook Various Eateries PLC is a United Kingdom-based holding company. The Company owns, develops and operates restaurant and hotel sites in the United Kingdom. It operates approximately 13 locations with two core brands, which include Coppa Club and Tavolino. Coppa Club is a multi-use, all-day concept that combines a restaurant, terrace, cafe, lounge, bar and workspaces. Tavolino is a restaurant for Italian foods. It has approximately nine Coppa Clubhouses across the South of England, including two Clubhouses with rooms-Coppa at The Swan and Coppa at The Great House, both located in Berkshire. The Company has one Tavolino location in London. The Company’s wholly owned subsidiaries include Various Eateries Holdings Limited, Rare Bird Hotels at Sonning Limited and Rare Bird Hotels at Streatley Limited.

Design Group management team, Executive Chairman, Stewart Gilliland, CFO, Paul Bal and Interim COO, Lance Burn, present full-year 2022 results for the period ended 31 March 2022. Stewart Gilliland, Executive Chairman 00:17 - Introduction 01:09 - FY22 Developments Paul Bal, CFO 03:44 - Financial summary 05:45 - P&L 07:46 - Adjusted operating profit evolution 09:22 - Cost headwinds 12:46 - Cash flow 14:15 - New financing arrangements Lance Burn, Interim COO 15:31 - DG Americas update 17:30 - Re-programming our Americas business 22:16 - DG International update 24:46 - Sustainability Stewart Gilliland, Executive Chairman 28:49 - Our strengths 30:42 - Strategic priorities 31:20 - Summary and outlook 38:01 - Q&A IG Design Group plc is a United Kingdom-based company that is engaged in the design manufacture and distribution of celebration, craft & creative play, stationery, gifting and not-for-resale consumable products. The Company is a producer of Celebrations products, including greetings cards, gift wrap, Christmas crackers, gift bags and partyware. The Company design, manufacture and sources a range of stationery products for consumers of all ages, for use in education, commercial and home settings. Its not-for-resale consumables product combines Polaris business with Paper Twist Handle Bags. The Company’s segments include DG Americas and DG International. The DG Americas segment includes overseas operations in Asia, Australia, the United Kingdom (UK), India and Mexico, and the United States companies. The DG International segment comprises the consolidation of the separately owned UK, European and Australian businesses.

Appreciate’s CEO, Ian O’Doherty, CFO, Tim Clancy and COO, Julian Coghlan, present the full-year 2022 results for the year ended 31 March 2022. Ian O'Doherty, CEO 00:17 - Introduction 00:58 - Bounce back from Covid 01:59 - Platform of growth Tim Clancy, CFO 03:31 - Financial highlights 04:03 - Statuary P&L 05:40 - Underlying performance 06:34 - Historic EBITDA 07:38 - Billings and revenue 08:18 - Segmental performance 08:46 - Billings by format 09:13 - Park Christmas Savers 09:55 - Corporate 10:53 - Redemption levels 11:29 - Balance sheet 11:55 - Cash flow 12:51 - Financial summary Ian O'Doherty, CEO 13:31 - The growth strategy Julian Coghlan, COO 14:16 - Growth via market leading channels 16:27 - Appreciate Business services highlights 17:49 - Multiple growth initiatives 20:37 - Christmas savings: Business highlights 21:49 - Multiple growth initiatives 24:44 - Love2shop key customers 25:05 - Key enabler for growth Ian O'Doherty, CEO 27:22 - MBL Acquisition 30:10 - ESG update 31:28 - Summary Appreciate Group plc is a United Kingdom-based gifting and engagement company. The Company has a portfolio of brands, designed for the consumer and business customers. Its consumer-facing brands meet a range of saving and gifting needs, while its business products help its corporate customers reward and recognize their employees and clients. The Company’s brands include Love2shop, highstreetvouchers.com, Park Christmas Savings and Appreciate Business Services. Its products include Love2shop Gift Card, Love2shop Gift Voucher, Love2shop Holidays, Single store vouchers and gift cards, Corporate gift cards and VIP experiences and group travel. Love2shop Gift Card is a flexible, pre-paid gift card that enables its customers to spend in their high street stores and a selected range of online retailers. The Love2shop Gift Voucher is a multi-retailer voucher, which can be used to buy products from approximately 200 brands and over 25,000 retail outlets.

Eneraqua Technologies CEO, Mitesh Dhanak and CFO, Iain Richardson present the full year results for the period ended 31 January 2022. Commenting on the results, Eneraqua Technologies CEO, Mitesh Dhanak, said: "This has been a year of considerable achievement for Eneraqua. We were delighted to successfully list on AIM and we have been able to work towards the ambitions that were set out at IPO. We have continued to grow in both energy and water, with the recentcontract wins in the UK and India. This, alongside the strategically important acquisitions that we completed, shows the quality of the services that we are now able to provide our clients. "I am incredibly proud of everything the team has achieved to date, building a market-leading offering with fantastic customer relationships. Whilst we are proud of what we have achieved, we are very much still at the start of our journey. The increasing Net Zero regulation and initiatives being introduced across the globe provide us with confidence that we can deliver long-term value for our shareholders." Mitesh Dhanak, CEO 00:17 – Introduction 00:48 – Summary 01:09 – The story so far 02:07 – Overview 02:43 – Cenergist energy 07:56 – Cenergist water 10:41 – Technology IP 11:19 – The market 12:51 – Growth drivers 13:46 – ESG 13:56 – Growth in the addressable market Iain Richardson, CFO 15:29 – Financial highlights Mitesh Dhanak, CEO 16:29 – Growth Iain Richardson, CFO 18:22 – Income statement 19:42 – Balance sheet 20:28 – Cash bridge 20:56 – Cash flow 21:25 – Commercial risks and mitigation Mitesh Dhanak, CEO 22:48 – Business update Iain Richardson, CFO 27:47 – Group revenue 28:49 – Growth strategy Mitesh Dhanak, CEO 30:17 – Outlook 30:49 – Q&A Eneraqua Technologies plc is a United Kingdom-based company. The Company helps to provide delivery and advice on decarbonization and water efficiency projects for clients. It supports clients to replace gas, oil or electric heating systems. The Company offers a range of communal/district heating solutions utilizing, gas, air source heat pumps (ASHPs), ground-source heat pumps (GSHPs) or hybrid systems. The Company operates in Spain, Netherlands and India.

Oxford Metrics (OMG) interim results overview for the half year ending 31 March 2022. 00:12 - Overview 00:52 - Sale of Yotta 02:15 - Strategy 03:30 - Financials 04:10 - Outlook Oxford Metrics develops software that enables the interface between the real world and its virtual twin. Our smart sensing software helps over 10,000 customers in more than 70 countries, including all of the world's top 10 games companies and all of the top 20 universities worldwide. Founded in 1984, we started our journey in healthcare, expanded into entertainment, winning an OSCAR® and an Emmy®, then moved into defence and engineering. We have a track record of creating value by incubating, growing and then augmenting through acquisition, unique technology businesses. The Group trades through its market-leading division: Vicon. Vicon is a world leader in motion measurement analysis to thousands of customers worldwide, including Guy's Hospital, Industrial Light & Magic, MIT and NASA. The Group is headquartered in Oxford with offices in California, Colorado, and Auckland. Since 2001, Oxford Metrics (LSE: OMG), has been a quoted company listed on AIM, a market operated by the London Stock Exchange. For more information about Oxford Metrics, visit www.oxfordmetrics.com

Mitesh Dhanak, CEO and Iain Richardson, CFO present an overview of full year 2022 results. Mitesh Dhanak, CEO 00:17 – Introduction 00:37 – Overview Iain Richardson, CFO 01:04 – Financial highlights Mitesh Dhanak, CEO 02:14 – Performance since IPO 03:35 – Outlook Eneraqua Technologies plc is a United Kingdom-based company. The Company helps to provide delivery and advice on decarbonization and water efficiency projects for clients. It supports clients to replace gas, oil or electric heating systems. The Company offers a range of communal/district heating solutions utilizing, gas, air source heat pumps (ASHPs), ground-source heat pumps (GSHPs) or hybrid systems. The Company operates in Spain, Netherlands and India.