1 The agenda today Opening of the 2019 AGM by Chairman John Conoley - - PowerPoint PPT Presentation

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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

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Matthew Bayfield Chief Executive

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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

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Observations

Shareholder value will only increase if the business develops higher margin revenue lines and drives growth. Parity’s recruitment margins have been declining

• ver the last decade.

Recruitment clients increasingly focus on price. Parity’s strength is in its personal relationships with clients and

• contractors. This value

should be group wide and drive any change in the business. The recruitment market is changing and ripe for disruption through AI and self-serve

• perating models. This

change is already taking place in the lower end of the value chain. Data is increasingly important to all companies and all business functions. The challenge now lies in finding the right people to help take advantage in the information era

Why does Parity need to change?

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• 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’s position in the data market

‘Parity understand the people who understand data’

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Reasons our clients believe in Parity

COMPELLING REASON TO BUY TRUSTED AND BELIEVABLE

Trusted Partner

Costs saved £15m Influential in industry

Tenure

High calibre of staff

Scale (1000+ consultants)

Regional coverage Compliance expertise

Always on time and on budget

Client feedback and review

Sector experts

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• 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

What we have

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• 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

What we need

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Recruitment

Finding the best talent in the market

A new operating model

Consulting

Designing solutions to enable confident, commercial decision making

Learning and Development

Shaping teams for high performance

Account Management

Building trusted relationships

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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.

A clearer market proposition

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Purpose To transform the relationship business and government has with data.

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Mission We provide expertise that delivers positive growth for clients through realizing the true value of their data.

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Vision To build a data positive world.

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A refreshed and more relevant brand

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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

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Questions

Chaired by John Conoley

Please state your name before your question

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Resolution 1

To receive the accounts

• f the Company for the

financial year ended 31 December 2018 and the reports of the Directors and auditors thereon.

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Resolution 2

To approve the Directors' remuneration report contained within the annual report and accounts for the financial year ended 31 December 2018.

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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.

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Resolution 4 To re-elect Roger Antony, as a director in accordance with article 88 of the company's articles of association.

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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.

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Resolution 6

To authorise the Directors to determine the auditors’ remuneration.

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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.

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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.

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Resolution 9

That the Company be authorised to make market purchases of its

• rdinary shares in accordance with

the terms specified in the notice.

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Resolution 10

To adopt the New Articles of Association with effect from the conclusion of this Annual General Meeting.

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End of the formal meeting

Thank you for attending the Parity 2019 AGM Please join us for some light refreshments