Online communication is essential today to increase the reach of your messaging and to meet the needs of busy stakeholders, who might not have the time to travel to a physical location. Allowing remote attendance to key events is expected for a wide range of activities, which is why the virtual Capital Markets Day (CMD) has become a staple of many organisations’ investor relations calendars.
As a key outreach opportunity to the investment community, engagement is essential and webcasting your CMD brings numerous advantages to guide market sentiment. Here are two examples:
- Bpost – the Belgian postal group had 26 people physically attend a recent CMD, with a further 166 watching online.
- BESI – The Dutch multinational specialising in semiconductor equipment required a solution to run an end-to-end service, from the organisation of the CMD to the delivery of the event. The company reported a “positive and enthusiastic” response from attendees for a professional and glitch-free viewing experience.
Read this article to find out the benefits of holding a virtual Capital Markets Day, the different formats available, and how to organise a successful online CMD.
Why organise a virtual Capital Markets Day
There are a host of benefits to organising a virtual Capital Markets Day, but here are some of the most important.
Increased attendance
By offering the chance for investors, analysts, journalists and employees to watch the event online, you can reach more people than with an in-person event. Attendees don’t have to take time off work, travel to the event or book accommodation. They can access the webcast at home, in the office or anywhere else they like. If they don’t catch the presentations live, they can watch them on demand later to view the video in their own time.
Indeed, online access to the CMD has become the norm rather than the exception in recent years. FTI Consulting’s 2024 research showed that only a third (34%) of issuers opted for in-person only Capital Markets Days. The majority (58%) were held in a hybrid format, mixing in-person attendance with remote access, and 8% were virtual-only. Attendees expect to be able to attend online and, by not offering this option, you could lose their investment.
Improved global reach
Not only can a virtual CMD help reach more people within your home country, but it can also increase your reach across the world. There are no barriers to global investors engaging with your event and you can further endear them if you use a webcasting platform that allows for real-time translations. Enabling investors to listen in their preferred language can stabilise your position in countries in which you have a significant number of prospective shareholders.
A webcast maximises the ROI of your CMD as it exposes more potential investors to your IR message.
Reveal more about the business
Your investors may have access to your CFO and CEO at roadshows and other events, but the CMD is the opportunity to introduce them to more members of your management team who can pass on relevant information about their roles and projects.
Did you know?
By using a webcasting platform with interactive features, such as EngageStream, you can increase the engagement of your audience. This enables them to connect more easily with your senior leaders and helps you demonstrate your commitment to transparency.
6 steps to organise virtual Capital Markets Days
1. Choose the format
There are three different ways to create a virtual Capital Markets Day. You should choose the format that works best for you and the individual requirements of your organisation. Here are the options:
|
Format |
Definition |
|
On-demand only |
The CMD takes place at a venue during the day with in-person attendees and the video of the event is published online afterwards for on-demand viewing. This allows more people to find out what happens, but they have to wait until after the physical attendees have heard the update before receiving the information themselves. Your virtual attendees cannot engage with the event panel. |
|
Online only |
The CMD is held at a location of the organisation’s choosing. If you’re using EngageStream, the event can also be streamed from one of our state-of-the-art studios, with attendees joining remotely. |
|
Hybrid |
The CMD is held at a specific venue where investors and analysts can attend in person. There is also a live webcast of the event that people can access remotely at the time. Furthermore, by embedding the video into your IR website, attendees can catch up on the event at a later date |
2. Decide on the structure of the event
A CMD is your opportunity to detail your strategy, show investors and potential investors how you will add value to their shareholding and allow them to meet management figures that they might not otherwise get to know at other events.
You should carefully structure which information you want to share, who will speak and if there is a theme you would like to explore for the event.
You might have, for example, a section where you analyse recent performance, another to discuss goals and targets, and yet another to go over the strategy for achieving them. You should also allow time for questions and answers so your online audience can interact with you.
3. Inviting analysts and investors
Send analysts and investors your invitation, detailing when the event will take place and how to access it, whether that is physical or virtual.
Make sure you give them an idea of the content of the presentations that will take place on the day of the event, as well as the theme or message that you want to explore during proceedings. You should also add details of how they can sign up to attend either the in-person event or online.
Send this information out to the analysts and investors you are targeting or want to engage. In addition, post the information to your IR website and business social media to increase the chances of reaching those who might be interested in your CMD.
4. Make registration easy
The CMD is your opportunity to present your story, successes and strategies to your current and potential shareholders as well as to sell-side analysts. The platform you use for your virtual CMD should be easy to use and register with so that you can engage as many people as possible.
5. Issue a press release
You can explore the main points of the CMD in a press release that you issue just before the event. It tells the industry and financial media more about what you are going to discuss and announce in the presentation, pulling out the most noteworthy points and highlighting them.
You should also include quotes from relevant members of your team to help journalists add colour to their stories. Provide access to the webcast for the press so that they can find out more from the presentation itself and ask questions to clarify any points.
Send this to all the relevant journalists in your industry press to make sure you have the best chance of earning coverage for your event.
6. Measure the impact
The final step is to evaluate the effect of your online CMD. Was it a success? Did the audience have the chance to participate? Did it have a positive effect on analysts’ perceptions? Did it attract more investors? Carry out investor perception studies before and after to quantify the effectiveness of your CMD.
There are many questions to ask at this point and answering them depends entirely on the solution you have chosen.
How to get engagement data
If you are using EngageStream, you have access to audience engagement data for the event. This can help you see the big picture regarding the success of the CMD. You can see how many people attended, how long they watched, how much they engaged and when.
Best practices for virtual Capital Markets Days
Choose the right topics for discussion
There are many topics that you will want to present to your audience on your investor day, including those areas in which you are excelling. But you should also consider what investors are interested in and what concerns them about the issuers from whom they buy shares.
It could be that they want to know how your business will navigate the increasing regulatory burden or what mitigations you have in place for your supply chains considering geopolitical unrest. Engage investors to gain an idea of what matters to them and be sure to focus on that during the CMD.
Prepare and rehearse
A fully virtual event means your presenters are not in the same room as the audience, but they still need to prepare to the best of their ability. If anything, the Q&A section of the webcast can be more active, meaning there is more opportunity for them to be wrongfooted by an unexpected question. This is why it’s important to rehearse and explore the questions attendees could potentially ask.
It’s equally important to check if your hardware and software are working properly. A rehearsal allows you to work out the optimum camera angles, ensure the best sound and make the lighting perfect. The presenters might not be used to the technology at hand during a virtual Capital Markets Day, so running through the event will help ease their worries.
Remember the branding
“Companies holding virtual capital markets days need to think like TV show producers to keep the audience engaged.”
— Vladimir Zaluzhsky, Head of Communications and IR, Severstal
Your brand will be in the spotlight and you need to make sure everything that happens during the CMD fits in with your corporate image. This includes having consistency with the backgrounds that you use for each speaker and displaying your company logo on the screen.
Conclusion
Holding a virtual Capital Markets Day is a great way to share your story and vision with your retail investors, institutional investors and analysts. It provides the opportunity to reach more people because the attendees don’t have to book annual leave, travel to the event or find accommodation.
Our experience shows that more companies are choosing to webcast their CMD or transform it into a hybrid event. This way, they can get more key members of the investment community to watch the proceedings live and re-watch the recorded stream later. But, most of all, they are able to increase their reach beyond country borders, build trust in their brand and solidify their presence on the international market.
About EngageStream
EngageStream is a professional webcasting platform that allows you to run secure and robust, engaging streams with interactive features to keep the focus of your audience. With live captions and translations, you improve accessibility and the analytics generated during the event are available for you to understand how successful the CMD was and to inform your approach for the next event.
References and further reading
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