![Page 1: Evolution of the annual report - lessons from a first strategic report](https://reader035.vdocuments.us/reader035/viewer/2022081907/54741034b4af9fae0a8b55d8/html5/thumbnails/1.jpg)
Premier Farnell plcLessons from a first strategic report
![Page 2: Evolution of the annual report - lessons from a first strategic report](https://reader035.vdocuments.us/reader035/viewer/2022081907/54741034b4af9fae0a8b55d8/html5/thumbnails/2.jpg)
Background
» CEO Laurence Bain’s 2nd report
» Beginning to outline evolution of strategy; acquired AVID
» Return to sales growth» Continuing to evolve our
reporting
2
![Page 3: Evolution of the annual report - lessons from a first strategic report](https://reader035.vdocuments.us/reader035/viewer/2022081907/54741034b4af9fae0a8b55d8/html5/thumbnails/3.jpg)
Initial reaction to new regulations
3
![Page 4: Evolution of the annual report - lessons from a first strategic report](https://reader035.vdocuments.us/reader035/viewer/2022081907/54741034b4af9fae0a8b55d8/html5/thumbnails/4.jpg)
What we did
» Changed the contents page name! » Focused on telling the strategic story up front and
online» Extended business model and focused on value
creation» Looked up ‘fair, balanced and understandable’ in
the dictionary and defined how we would approach this
» Provided the Board with more detail, earlier in the process through a storyboard
4
![Page 5: Evolution of the annual report - lessons from a first strategic report](https://reader035.vdocuments.us/reader035/viewer/2022081907/54741034b4af9fae0a8b55d8/html5/thumbnails/5.jpg)
What’s next
» Interim results provided greater clarity on our strategy
» Linked strategic priorities more clearly to our KPIs» Continuing towards clear and concise reporting
5