Box IR IR-survey 2012


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Box IR IR-survey 2012

  1. 1. IR-survey 2012 A total of 113 respondents from over 100 companies listed on Nasdaq OMX Stockholm answered questions regarding the equity market The survey was conducted during the period 20 Nov – 7 Dec 51 CEOs and CFOs as well as 46 IR & Head of communications participated© Box IR 2012
  2. 2. Table of contents • Variable pay based on KPIs? • Do you know how you are percevied by the financial market participants? • Have you ever actively worked to alter your shareholder base? • Knowledge of how the markets price your share? • How would you act if the quartely reporting requirement was eliminated? • Which reporting activities are overly cumbersome? • Greatest IR challenges in the coming 12 months? • Appendix CEO/CFO & IR questions© Box IR 2012
  3. 3. Less than 20% has variable compensation Do you have a variable compensation based on KPI:s on your IR work?© Box IR 2012
  4. 4. Do you know how you are perceived by the financial market participants?© Box IR 2012
  5. 5. 4 out of 10 work actively with the shareholder base Do you, or have you, actively worked to change the shareholder base?© Box IR 2012
  6. 6. Knowledge of how the markets price the share?© Box IR 2012
  7. 7. Companies ambivalent on quartely reporting© Box IR 2012
  8. 8. Text & numbers tougher than presenting ” Nothing particularly ”It is simply part of the cumbersome.” job.” Mid Cap Large Cap ”Extended IFRS ”Nothing. The report It is a time-consuming requirements in the creates a natural basis for process, but would not call any component interim reports.” dialogue with the market Mid Cap on performance.” "overly cumbersome." Small Cap Small Cap
  9. 9. On the agenda the upcoming 12 months© Box IR 2012
  10. 10. Questions in the survey Appendix 1 What is your position and where is your company listed? Who are you reporting to? 1. Which criteria (KPIs) are used to follow up on your IR efforts? 2. Do you have a variable compensation based on these criteria? If yes, how many months is the ceiling? 3. Do you use perception studies to find out how the financial markets percieve your company and your IR efforts? 4. Do you, or have you, actively worked to alter your shareholder base? 5. When the fair value of the company is not reflected in the share price… We are mostly aware of the reasons We are mostly not aware of the reasons 6. Do you produce a board report containing share price development, valuation, estimates etc? 7. How would you act if the requirement on reporting quartely was abolished? We would continue as before We would publish full semiannual reports and a lighter quartely version in between We would only report semiannual Other alternative What reporting activities do you consider to be to burdensome? 8. What, in your view, are the greatest IR challenges in the coming 12 months? 9. In your view, how do your company’s IR efforts contribute to shareholder value?© Box IR 2012
  11. 11. Communication rooted in target group Mikael Zillén +46 762 13 00 40 | Since 2005 worked with financial communications and investor relations both as self-employed and as senior consultant at Citigate Stockholm. Institutional sales at Handelsbanken, Nordea and Danske Bank during more than 15 years. He also has experience from several IPOs. Tomas Öqvist +46 705 54 34 40 | Long experience as top ranked equity analyst at e.g. Carnegie and Alfred Berg. Speaking partner to large Swedish, European and US institutions and also participated in a number of IPOs and M&A deals. Since 2007 he has been a consultamt within financial communication and investor relations. Anders Bruzelius +46 703 50 40 88 | With his18 years in the financial markets thorough knowledge of equity valuation and communications. He has worked as an equity analyst at Danske Markets and Carnegie, where he held top rankings in the automotive and engineering sectors. Experience from a number of IPOs and M&A transactions. Until recently, Anders worked as head of equity research at Swedbank.
  12. 12. Box IRStyckjunkargatan 1 114 35 Stockholm 08-21 41 00