Overall, there is a greater degree of satisfaction with in-person roadshows during this time than there is with virtual roadshows. Just under three quarters of IROs who have been on in-person roadshows over the relevant period give a high satisfaction rating of 8+/10, with a quarter giving a perfect 10 score. This compares with the 42 percent of IROs holding virtual roadshows who give a high satisfaction rating to this format, with just 8 percent giving a perfect score.
Satisfaction with in-person roadshows from the 54 percent of IROs who went on them during the year Q3 2021 to Q3 2022 has increased from the satisfaction experienced by the just 7 percent who went on the road the previous year. In the year to Q3 2021, at the height of the Covid-19 pandemic, 50 percent of those on the road gave a high satisfaction rating.
With virtual roadshows, satisfaction has decreased from the pandemic’s height. Of those who held roadshows in the year to Q3 2021, 88 percent expressed satisfaction with this format, giving a positive rating of 6+/10, compared with 79 percent this year. Similarly, half expressed high satisfaction with the format, compared with 42 percent this year.
The view that the experience of Covid-19 will lead to a permanent change in roadshow activity is down only slightly from the views of IROs over the previous two years.
Currently, 79 percent of IROs agree with this statement, with 27 percent strongly agreeing. This compares with four in five agreeing in 2021 and 35 percent in strong agreement. Just 11 percent disagree with the statement this year, the same as last year.
Strong net agreement with this statement is found in every region and across all cap sizes. Among North American IROs, 83 percent are in agreement, while among mega-cap IROs 89 percent agree, with 42 percent strongly agreeing.
Despite a decline since last year in IROs agreeing that issue-focused roadshows will become more common in future, there still remains strong net agreement with this statement.
Even though the number agreeing is down from 75 percent to 63 percent and those disagreeing up from 8 percent to 13 percent, this still represents a net agreement level of 50 percentage points.
Regionally, agreement is highest among Asian IROs and lowest in Europe. According to company size, 73 percent of large-cap IROs agree and 22 percent of mega-cap IROs disagree that issue-focused roadshows will become more common in future.
