Competency Rothschild & Co

43) If you could have a dinner party with 3 people, past or present who would they be and why? - Year for Dalio + return - Curie treatment

Mario Draghi - former chairman of ECB = respect commitment to do "whatever it takes" during Eurozone crisis Ray Dalio - fascinated by his book "Principles for navigating Big Debt Crises" and interested how he applied lessons from history to his fund to develop a depression gauge prior to GFC - 9.5% return with main fund in 2008 Marie Curie: - respect since - Only person to win nobel prize in different scientific fields - first woman to win nobel prize - Fascinating to learn about her story in the face of adversity (societal attitudes towards women at the time) and learn more about her process of scientific research - Facilitated treatment of neoplasms

42) How would your friends describe you in 3 words?

Motivated - Know that I proved self through gaining academic scholarship through performance in examinations university and trying to take advantage of all of the opportunities which have been offered to me Principled - At their annoyance from time to time, I take a stance for what I believe in - Being honest and truthful when in a position of prefect at school = check whether certain individuals attended assemblies or not Resilient - Faced adversities during childhood e.g stammer, but attempt not to let it define me and strive to achieve my goals in spite of it

33) What makes a good investment banker? - Stanga + explain key ability - 20% - Ben - don;'t driunk - savova - shift coronva - wagner - Oscar guy - 2 types activities - tap head rub stomach - Schroders list

3 key skills Personability - originaiton of business - trust - developing client rapport Willingness to learn/ flexibiloty - pandemic = greater focus on ECM/DCM rather than M&A advisory, potentially - ability to respond to vicissitudes in markets Management of time - coverage & execution - numerous projects - able to prioritise

What has been your greatest success so far? - what 3 courses action did you take? - the process in itself - rocket boosters - special about Orsted and why significant? - key fact regarding ORsted

Being awarded joint best presentation award (out of 9) during Rothschild & Co spring week for a presentation exploring potential acquisition of Orsted by Royal Dutch Shell Showed the effects of hard work and conscientious research - technicals started preparing week I found out I gained place on programme - notes on 100= pages of textbook = 1 hour per day - 3 courses online - Student-led M&A coverage blog = strategic rationale understanding Meaningful learning process - understanding business drivers, essentially how both companies live and breathe - Fascinating to learn about company potentially to acquired = Orsted = now operator of largest offshore wind farm + soon-to-be pioneer in Green hydrogen + phasing out of generation of electricity via oil and gas from 2017 +

34) What skills and attributes can you bring to the role? Not with Jason Chau + Stanga - Simon - Happy Streater Oscar holding humungous watch - ER head + blog? no? 2 percent degree increase in temperature fatal - rc & co detail: facet of presentation 1, facet 2, literature?

Cooperability + personability - directly managed a team of 25 researchers during my gap year and also collaborating within a team of four during a six-week summer internship currently Time management Unversity - Starting investment banking society = manage team of three - M&A Discovery writer = manage team of 17 Adaptability ROthschild & Co 2020 work experience decided to develop a rudimentary DCF having had little prior experience - Found online resources detailing DCF drawing up process + understood from accountancy textbook - Online resources such as FT, Reuters, Bloomberg, Refinitiv, Investopedia

Explain what coverage a means - Streater Pharma + smiling with Ben van Beurden - Elliott GSK smiling - Streater Hawtin econ; geopolitical; quell domestic - Keynes

Coverage - Researching sector and communicating with key personal in companies - Investor communication - Researching of investment themes -Participations in "Beauty parades: Event where bank attempts to explain why they are optimal advisor for a transaction

41) What are your 3 main areas for development?- describe why you need development - Schroders; Deloitte and Trans - Ben stitches = UCL - Gap; Jem - during which scenario were you unsuccessful in key IBD attribute last area ?

Desired to improve prioritisation skills - Idea that I could have been more effective leader of a project for a university society where we developed an M&A pitch - Why I chose to apply for summer internship as a project lead researching the energy transition of Shell and stewardship practices & ESG risks; prioritisation Conflict resolution: - I felt I could have been more effective in resolving issues while leading a team of 17 researchers M&A Discovery - Founding Investment Banking Society University Public speaking skills - could have been a more effective communicator during Schroder's interview - Signed up to an organisation called Toastmasters - Ameliorate leadership as well as communication skills = Weekly meetings Thursday at 6pm - Took 2-week speech therapy course during July

32) What would you do if you were giving a presentation to a client and suddenly noticed a mistake in some of the calculations, which you had prepared? - future?

Disclose mistake to client - confidence + humble demonstration - conducive to trust development when creating relationship long term - Explain how you are rectifying issue + offer a form of compensation for error = proactivity Inspirational Adventures presentation example

Execution activities explain - discretionary - Morrison captain = Niska - Jonathan Money = one-man army - WAlton: These come in an Austrian variety - marua is president of this - Daniel Tam section for Rothschild & Co report = Anna focus on academics and what is important is this

Execution - Providing advice to clients - Actual transaction running - If buy side = 1 firm - If sell side = auctions facilitating - Providing strategic advice for certain situations - Financing solutions provision

39) Can you describe a time when you have taken on the role of a leader?

S: Founded M&A Discovery = student-led blog specialising in coverage of mergers and acquisitions T: Building team reliable contributors - executing strategic vision =growing publication in terms of LinkedIn followers A: - Contact relevant indivs via LinkedIn -Communication = when deal of greater than $10 bn announced message group chat = ensure produced within 48 hours - LinkedIn publication team hire - holding to account = ensuring quality high through regular contributions otherwise changes made R:17 regular contributing members report 1x per month = 750 followers

40) When have you had to use novel tactics to persuade and influence a superior to take of a course of action they did not support initially?

S: Gap year = Head of Investment and Research at travel-industry started T: fin projections = simple revenue and cost yet suggested financial model A: took initiative and wrote 30-page report on comparable companies to determine potential growth-rate trajectory - developed comparables universe -considered whether top-line drivers were similar as those for firm working at - full fin model DCF developed R: CEO utilises research produce during investor meeting - writes how impressed by granular nature of report + LinkediN posts

37) Can you describe a time when you have been responsible for the delivery of an important goal? - personal rather than team focused A: WHat did you model? - cancer skydiver - Schmidt girlfriend, peyton lily parallel, raoul + crocodile

S: Head of Investment & Research at Startup T: Important for creating a pitch deck from scratch 1 month before it was due to be pitched A: - Modelled sales projections for years 1-5 - Research report created to determine a perpetuity growth rate - outlining the business model, financial summary and sales & scaling strategy of this travel-industry start-up R: Successful presentation +Chief exec personally mentioned how impressed he was= see LinkedIn

35) Can you tell me about a time when you have had to deal with demanding people? More emphasis on result and significance of your contributionATQ

S: M&A Pitch presentation for university finance society T: semi-Independent top-line revenue growth forecasts for a DCF with limited experience A: Meticulous + systematic approach: 1. Booked slot at university Bloomberg Terminal + broker reports 2. historic financial statements earnings reports + management discussion and analysis 3. Sense check with partner, meeting to discuss R: Judge convinced by the pitch and lauded detail and ability to explain forecasts

36) Can you tell me about a time when you have had to present to a large audience? - responsibility for = something not done during investment club? - technicals reduce

S: Rothschild & Co Pioneer programme T: Present in front of 4 MDS as well as other groups = approx 50 people A: Learnt my speech with notebook in hand for notes in case of forgetting = started two nights prior to presentation being due Read through entire presentation prior to start so as to better be able to answer questions TOok on responsibility of checking entire presentation myself for conflicting data and or other mistakes R: 2/4 MDs theoretically decided to invest within proposed venture

38) Can you describe a situation where you led others to achieve outstanding success? Timescale when arranged? - A: split pre-programme into 3 courses of action R: Reference to energy & power group

S: Rothschild & Co Spring T: Presentation on potential merger A: Created a group chat as soon as we were provided with contact details Suggested call schedule to discuss initial ideas 2 days after info sent (Sunday)Developed rough plan + asked others for suggestions Helped others with their sections once where aid was required R: Group reaches same conclusion as house Rotschild & Co preliminary research on potential transaction + pres win

Can you describe a time when you have made a mistake -2nd piece of action undertaken?

S: Summer internship for an equity research company this summer, which I am currently completing T: Tasked with analysing the energy-transition strategy of Royal Dutch Shell A: My analysis was closely tied to the thesis of a book = the Innovator's Dilemma = firms should not spin off when disruptive technology = misinterpreted it = overall sense of report not what CEO desired - re-read the book - read reviews of the literature - liaised with others who I knew read the book to check my understanding - re wrote report with a more accurate impression R: CEO highly pleased with end result= highly convincing commented

Describe a time you failed. Why did you fail, what did you learn? - learnings: How can you be more specific with first two actions?

S: University investment club T: Investment round when it was my turn to pitch stock and lead my sector team in conducting and researching report = Chose Keurig Dr Pepper + valuation model A: Read financial-valuation textbook - conducted sensitivity analysis - sense check with comparables and precendents Utitlised end-of-year discounting rather than mid-year discounting - did not consider valuation method most relevant R: = resulted in overvaluation and only 3rd place ranking - learn = required to wholeheartedly devote self to project and how to devote time to important matters even if may not be convenient e.g in terms of academic schedule.

What do you think an investment banker does on a day to day basis? - explain basics of two - relative split

Split between coverage and execution activities Coverage is acquiring new business Execution is carrying out current business - coverage 20% -Execution 80%