Biggest difference in ratings shown for in-person and virtual investor days
Companies held an average of 0.2 more in-person than virtual investor days in the period from Q3 2019 to Q2 2020. But while more than a third of firms held an in-person investor day, just 16 percent held a virtual one. This means those that hosted virtual days held more days than the average number of days held for in-person participants.
While more than three quarters of in-person investor days were held in the second half of 2019, nearly seven in 10 virtual days were held in Q2 2020. Almost four times as many virtual days were held in the first half of 2020 as were in-person days.
Regionally, with more companies hosting in-person and virtual investor days in Europe and Asia than in North America, the average numbers for both are higher in these regions. There is just 0.1 day’s difference between the number of in-person and virtual investor days held in Asia.
Small-cap companies host the highest number of both in-person and virtual investor days. From mid-cap to mega-cap the number of in-person days increases as virtual days decrease. This leads to large-cap companies having hosted three times as many in-person as virtual days, while mega-cap companies have hosted four times as many in this period.
Investors attended an average of 5.4 more virtual investor days between Q4 2019 and Q3 2020 than in-person days, which is almost three times as many. But investors prefer the experience of in-person days, giving an average rating of 7.5/10 compared with 6.4/10.
In fact, the difference in investor rating for in-person and virtual formats for investor days is greater than for any other investor event, with 63 percent rating in-person days eight or higher compared with just three in 10 for the virtual format.
