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The agenda today Opening of the 2019 AGM by Chairman John Conoley Presentation by CEO Matthew Bayfield Q&A Formal meeting agenda Resolutions 1 - 10 Meeting ends Light refreshments 2
Matthew Bayfield Chief Executive 3
My first three months as CEO Spent time with our clients Reviewing their needs Understanding the Data and Tech challenges they are facing Considering how that should impact Parity’s business plan Headline conclusions: We are in a great market position BUT We aren’t operationally organised to take full advantage 4
Observations Shareholder value will only increase if the business develops higher margin revenue lines and Data is drives growth. increasingly important Parity’s to all companies and all recruitment margins business functions. The have been declining challenge now lies in Why does over the last decade. finding the right people to Recruitment clients help take advantage in increasingly focus on Parity need the information era price. to change? The recruitment Parity’s market is changing strength is in its and ripe for disruption personal relationships through AI and self-serve with clients and operating models. This contractors. This value change is already taking should be group wide and place in the lower end of drive any change in the the value chain. business. 5
Parity’s position in the data market • Explosive growth in data software is beginning to slow • Moving to chapter 2 of the data growth story • Next stage is people and skills led • This plays precisely to Parity’s core skills ‘Parity understand the people who understand data’ 6
Reasons our clients believe in Parity Trusted Partner Costs saved £15m TRUSTED AND BELIEVABLE Client feedback and review Tenure Influential in industry High calibre of staff Scale (1000+ consultants) Sector experts Regional coverage Always on time and on budget Compliance expertise COMPELLING REASON TO BUY 7
What we have • Deep understanding of data and technology • the skills required • the people in it • the challenges they face • Long standing client relationships • Knowledge of both public and private sector • Excellent service record • A great network of data experts 8
What we need • A clearer market proposition • Enhanced account management skills to drive multiple service lines • To attract senior talent • A sales and marketing function • A refreshed and more relevant brand that stresses our • Point of view • Confidence • Thought leadership • A new ‘one company’ culture • To focus on higher margin business 9
A new operating model Recruitment Finding the best talent in the market Account Management Learning and Consulting Building trusted relationships Designing solutions to Development enable confident, Shaping teams for high commercial decision performance making 10
A clearer market proposition We are passionate about helping business and government to make better, commercial decisions based on reliable data. We can find you people to do it, we can train your existing team to do it, or we can de-risk the project and deliver it for you. We can help you at all stages of your journey from ideation to implementation. 11
Purpose To transform the relationship business and government has with data. 12
Mission We provide expertise that delivers positive growth for clients through realizing the true value of their data. 13
Vision To build a data positive world. 14
A refreshed and more relevant brand 15 15
Investment priorities • Creating Learning & Development service line • Strengthening Consultancy service line • New hire Antonio Acuna MBE to lead consultancy offer • Former head of UK Govt open data initiative data.gov.uk • Interim Sales and Marketing director appointment • LTIP for key senior managers • Technology for future of recruitment market place 16
Questions Chaired by John Conoley Please state your name before your question 17
Resolution 1 To receive the accounts of the Company for the financial year ended 31 December 2018 and the reports of the Directors and auditors thereon. 18
Resolution 2 To approve the Directors' remuneration report contained within the annual report and accounts for the financial year ended 31 December 2018. 19
Resolution 3 To elect Matthew Bayfield, as a director in accordance with article 93 of the company's articles of association, having been appointed a director since the last annual general meeting. 20
Resolution 4 To re-elect Roger Antony, as a director in accordance with article 88 of the company's articles of association. 21
Resolution 5 To re-appoint Grant Thornton UK LLP as auditors of the Company from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company to be held in 2020. 22
Resolution 6 To authorise the Directors to determine the auditors’ remuneration. 23
Resolution 7 To authorise the directors to allot shares in the Company or grant rights to subscribe for, or convert any security into, shares in the Company up to the nominal amounts set out in the notice. 24
Resolution 8 To disapply the statutory pre-emption rights on the issue of shares in the Company or the grant of rights pursuant to resolution 7, up to the nominal amounts set out in the notice. 25
Resolution 9 That the Company be authorised to make market purchases of its ordinary shares in accordance with the terms specified in the notice. 26
Resolution 10 To adopt the New Articles of Association with effect from the conclusion of this Annual General Meeting. 27
End of the formal meeting Thank you for attending the Parity 2019 AGM Please join us for some light refreshments 28
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