ir - how we do it in simcorpsimcorp at a glance • financial software solution to buy side...
TRANSCRIPT
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IR – how it is done in SimCorp
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Agenda
• Setting the scene
• SimCorp business at a glance
• Overall IR policy
• IR – organisation & responsibilities
• Analyst coverage
• IR - communication
• Written communication
• Direct contact to analysts/investors
June 20102
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Setting the sceneSetting the scene
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SimCorp at a glance
• Financial software solutionto buy side financial institutions
• Professional services
• European foothold – global ambitions
• SimCorp’s 160+ clients manage EUR 8,000 – 10,000bn
• Approximately 1,100 employees
• Listed on the NASDAQ OMX Copenhagen A/S
4 June 2010
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Shareholder structure
• Issued capital (DKK) 46,000,000- SimCorp market cap EOY 2009: EUR 603m (DKK 4.5b)
• Total number of shareholders registered on name approximately 7,700
• 28 largest investors held or managed almost 50% of share capital
• More than 25% of SimCorp shares owned or managed bySimCorp Dimension clients
• More than 47% of the shares owned byshareholders outside Denmarkshareholders outside Denmark
• SimCorp’s management andemployees held approximately 11%
• Major shareholders
• ATP 8.3%
Estimate per January 2010
June 20105
Management andemployees
SimCorp
Institutional investors
Retail and unknown
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IR – our overall policy
• Investor Relations major objectives
• Market price of our shares reflects fair value and with as little volatility as possible
• Our shares remain as liquid as possible under all market conditions
• Maintain access to the capital markets on the most favourable terms possible
• Some guidelines for our IR work• Some guidelines for our IR work• Continuous contact to investors/analysts is very important
• Consistency in our IR communication – creative communication is not for IR
• Consistency is many things... form, frequency, wording, messages, spokes-persons, etc
• Being available to investors/analysts
• Analyst guidance never influences our priorities
6 June 2010
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IR – organisation and responsibilities
• Communication with analysts/investors, primarily verbal• Conducting webcasts, road shows, IR presentations
• Approval of text/slides• IR officer is overall responsible for coordination of all IR activities
and compliance on legal requirements
IR officerand CEO
• Project management of Annual General Meeting• Production of all slides/pages with numbersCorporate
June 20107
• Production of all slides/pages with numbers• All activities in relation to compliance with insider rules
CorporateFinance
• Project management of Annual Report• Copy writing of annual reports, press releases, company
announcements, special speeches/presentationsCorporate
Communication
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Analyst coverage
8 June 2010
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IR - communicationIR - communication
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Written communication with analysts and investors
10 June 2010
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The annual report
• Start-up meeting in October• Project group: Project manager (same every year), CEO, CFO and IR officer• Consistency in message• New elements that must be covered• Fixing overall flow/content of report (including who to deliver what and when)
• Initial thoughts about lay-out and distribution
Preparation
• Project manager and copy writer same person• Number of iterations and flow for correcting text is carefully planned/executed
Process
11 June 2010
• Text not dependent on financial figures is written during November/December(CEO, Chairman of BoD, IR officer comment ongoing)
• Graphic designer (in house) suggests layout (approved before year-end)• Corporate Finance works with financial figures and delivers Excel files in pre-defined format for
graphical layout• Final dummy with figures ready approximately 10 days before reporting day• Translation process – Danish/English + English/Danish• Limited resources, because of very effective process
• 70+ pages annual report in English and Danish• Printed only in English (both are published digitally on SimCorp’s website)
• 8-page ‘at a glance’ version – printed in Danish and English (and published digitally on the website)
Output
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The annual report – example of consistency
12 June 2010
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Direct contact to analysts and investors
• Probably the most important part of IR – people to people
• SimCorp is fortunate in having a lot of interest from investors (existing and potential)
Road shows & IR meetings
• Following annual reportingand H1 report inDenmark, London, NY, Europe
Webcast
• After each quarterly reporting• Internally in SimCorp
• Assisted by externalsupplier
On-going
• Ongoing one-on-oneswith investors
• Close contact withmost analysts
13 June 2010
e• Following Q1 +Q3 reports in
Denmark, London• In between reporting: 3-5
investor seminars annually• Visits/phone conferences
with individual investors
• In total 75-100 one-on-onesper year
• Assisted by externalsupplier
• Invitation to physical oronline/internet participation
most analysts• Availability• Taking the time to
explain/communicate
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June 201014
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www.simcorp.comwww.simcorp.com