CM Research Corporate Presentation 2014

Technology Media Telecoms

Analysing Global Trends in Technology, Media and Telecoms

www.researchcm.com +44 (0) 20 3393 3866

CM Research Authorised and regulated by the Financial Conduct Authority

22 Upper Grosvenor Street London W1K 7PE, U.K.

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Contents About us Our clients Our research approach Our business model Our executive team Our research services Our top themes for 2014


About us CM Research provides a subscription research service covering the global technology, media and telecom industries. Our research is: Independent Thematic Global TMT-focused


Our clients Our research approach is thematic, helping our clients to see the big picture. Our analysis is supported by rigorous global sector models. Our predictive analysis is invaluable to both investors and industry executives. Investor clients For our investor clients, we convert these trends into global investment themes, highlighting local stocks that might be impacted. Our aim is to help CIOs formulate a TMT investment strategy that is global, thematic, timely and coherent. Corporate clients For our corporate clients, we provide industry analysis and market intelligence, predicting how technology markets will evolve and which business models will win. Our aim is to help CEOs stay one step ahead of the technology trends that are shaping their industry.

“We help Chief Executive Officers and Chief Investment Officers predict the future.”


Our research approach We provide global thematic research in the Technology, Media and Telecoms (TMT) sectors. Our focus is on disruptive technologies. How will they unfold? Which industries will be impacted? And who will be the ultimate winners and losers?

Our research approach: Search for emerging technology trends Spot global investment themes Screen for local companies affected

Our research product: Global TMT Trend Forecast (annual) In-depth thematic research (fortnightly) Technology briefings Analyst access Bespoke research

Our clients:

Asset managers Industry executives Private equity & venture capital Consultancy houses Governments Family offices

Our recent themes: 3D printing, App revolution, Chinese Internet, Big Data, Chinese Internet, Cloud Computing, Cyber Security, Digital Media, HTML5, Mobile Internet, Mobile Payments, Net Neutrality, Regulation, Robotics, Smartphones, Social networks, Software Defined Networks, Video Games

Technology, Media & Telecoms

Thematic Research Track record

Forward thinking


Our business model Growth: through word of mouth and an

established track record

Client base: institutional investors, governments, family offices, consultancies, corporations

Payment o by direct subscription; or o commission sharing agreements

(CSAs) using any major broker

Global distribution: subscribers can access research through global platforms such as S&P Capital IQ, Bloomberg and Factset

Regulation: Authorised and regulated by the UK’s Financial Conduct Authority

Research partnerships Distribution platforms

Broker relationships

Regulator


Our executive team

Cyrus Mewawalla Director of Research

Elgen Strait Director of Sales

TMT strategist

20 years’ experience in TMT sector

Former No. 1 ranked analyst (Bloomberg)

Formerly at Nomura and PwC

Former advisor to McKinsey

Mentor at Level 39

Chartered Accountant

M.A. in Economics, University of Cambridge

Author of a bestselling book about conflicts of interest in the investment research sector

Head of Sales 10 years’ experience in institutional research

sales Formerly at BCA Research First Salesperson at a start-up research firm

(CognoLink) First Salesperson for a technology start-up

servicing the institutional research community

B.A. in Economics, University of Maryland


Our research services Our clients use us to analyse global trends in Technology, Media and Technology. We have three research services

Thematic research Bespoke research Analyst access

TMT sector outlook

(annually)

In-depth thematic research on

emerging technology themes

(fortnightly)

Client-specific research

White-labelled research

Valuation

Forensic analysis

Breakfast briefings

Quarterly analyst conference calls

Fast response to client queries by

email and telephone

Fee structure

Subscription fees Commissioned fees Dependent upon amount of

analyst time required


Our Top Investment Themes for 2014 These are the main investment themes we will be researching this year.

Social‐ crowd funding‐music, video, games‐ group shopping‐ Google Glass

Cloud‐ everything everywhere‐ cyber security ‐ IT cost reduction‐ software ecosystems

Mobile‐ wearable devices‐maps‐mobile payments‐mobile ads

Big data‐ Re‐imagination ‐ privacy issues‐ wearable devices‐ age of software analytics

Copying Apple‐ Ecosystem lock‐in‐Walled gardens‐ Hardware/software integration

Cyber security‐ BYOD‐ national security issues‐ open SDN standards‐M&A

Adv. Manufacturing ‐ 3D printing‐ Robotics‐ Flexible displays‐ software defined network

Regulation‐ Net neutrality‐ Data privacy‐ Patents‐ Anti‐competition law

TV‐ Internet TV‐ Second/third screens‐ 16k / flexible screens‐ Social networks

Software definednetworks

‐ Cost reduction‐ service enhancement‐ Network function virtualis

Local‐maps‐ Google Glass‐ Ecommerce

China‐ telecom equip trade wars‐ Varied Interest Entities‐ Accounting scandals‐ Alibaba IPO


About CM Research CM Research is an independent research provider with a blue chip list of institutional clients. We analyse emerging trends in the technology, media and telecom sectors and develop them into global investment themes, highlighting the winners and losers. At a time when many of our competitors have had their reputations mired by conflicts of interest, we fiercely guard our independence. Our business model is based on independence, exclusivity and experience. CM Research is a member of the European Association of Independent Research Providers (EuroIRP). CM Research is authorised and regulated by the Financial Conduct Authority.

Contact CM Research Research Cyrus Mewawalla [email protected] +44 20 3393 3866

Sales Elgen Strait [email protected] +44 20 3744 0105

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