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                          Indeed, institutions increasingly want face-to-face 
                          contact with management.  
                        There is no doubt the investor presentation plays a 
                          major role in how a company is viewed by the investors. 
                          Yet we never cease to be amazed by the poor quality 
                          of many investor presentations. Here are the most common 
                          faults.  
                        
                        'If you fail to prepare, you are prepared to fail.' 
                          This old adage is as true as it has always been. So 
                          why is it so many presentations look as if they have 
                          been thrown together the night before on the executive 
                          jet? And the lack of preparation is often reflected 
                          in the share price later. Since your company has put 
                          so much work into producing results, it seems a real 
                          shame to let it all go to waste by presenting them poorly. 
                         
                        
                        "Um.. I'm here to ..erm talk to ..um you ..about 
                          our um..." Many people are afraid of public speaking, 
                          and this will only be compounded further by a lack of 
                          preparation. To the audience it comes across as nervousness 
                          or even an indication that the speaker has something 
                          to hide. Many senior executives now use voice coaching 
                          to develop a powerful and relaxed manner. They not only 
                          feel more at ease when presenting; they also find that 
                          audiences hear more - and believe more - of their messages. 
                          If your presentation has a lot of money hanging on it 
                          - consider getting yourself some voice coaching.  
                        
                        Most people use bullet points to present. They are 
                          easy to produce and change, but they are not very interesting 
                          for the audience. Dilbert sums it up well: 'PowerPoint 
                          Poisoning'. According to psychologist Albert Mehrabian, 
                          55 percent of information conveyed in a presentation 
                          is visual, 38% is vocal and only 7 percent is text. 
                          The power of visual images is also backed up by research 
                          from UCLA showing that after three days bullet points 
                          have only a 10 percent message retention while visuals 
                          have 50 percent. A picture really is worth a thousand 
                          words.  
                        
                        When people do use visuals, it is often spreadsheets 
                          or complex charts. But with so much information on the 
                          screen it is hard to understand the point the speaker 
                          is trying to make. The spreadsheets are probably old 
                          news from the financial release anyway. A much better 
                          idea is to concentrate on the highlights and to use 
                          visual images to support the messages.  
                        
                        Perhaps the best investor presentation I have seen 
                          was by an oil company CEO. He began, 'We are currently 
                          two years into our five-year transformation strategy 
                          and we are, more or less, on target.'  
                        He did not deliver great financial results but still 
                          clearly showed how the company was on track with its 
                          strategy. I see many presentations in which strategy 
                          is left to the last two slides. If a company does not 
                          clearly sell the strategy to the audience in an upfront 
                          way, what chance does it have of selling it to the people 
                          who are really going to make it all happen - the employees? 
                         
                        
                        Many analysts play 'spot-the-difference' with investor 
                          presentations. They look back at their notes from last 
                          year and compare them with this year's presentation. 
                          Make sure you make this comparison before the analysts 
                          do, and seize the opportunity to point out changes in 
                          your goals and means of meeting them.  
                        
                        At one company presentation they talked of 'quarter-on-quarter 
                          revenues up by 6 percent' and 'data sales up by 19 percent.' 
                          It sounded great. The reality was the business was seasonal 
                          and year-on-year sales were down 9 percent. The stock 
                          got punished in the following day's trading. Analysts 
                          are smart cookies and often study your results even 
                          more keenly than you do. As ever, honesty is often the 
                          best policy. 
                        There you have it - the seven deadly sins of investor 
                          presentations.  
                        
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