瑞信-全球-投资策略-HOLT的创新与持续改进-2020.3.9-71页.pdf

® HOLT Innovation Continuous Improvement March 9, 2020 Thomas G. Hillman HOLT Director of Research tom.hillman@ DISCLOSURE APPENDIX AT THE BACK OF THIS REPORT CONTAINS IMPORTANT DISCLOSURES, ANALYST CERTIFICATIONS, LEGAL ENTITY DISCLOSURE AND THE STATUS OF NON-US ANALYSTS. US Disclosure: Credit Suisse does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision. HOLT’s focus on innovation and continuous improvement HOLT’s framework is adaptive for changing accounting rules and market conditions. Innovative culture − 30+ years of continuous improvement to the framework. − Listening to client feedback to extend research and improve the product. − HOLT is continuously improving or adding tools, expanding data coverage, building out factors, and improving data quality. Rigorous oversight and approval process – CFROI® Framework Committee consists of a global team of senior HOLT members that approve semi-annual model enhancements. This presentation provides an overview of HOLT’s coverage, an overview of innovation and continuous improvement to the HOLT framework over the last eight years, and a summary of the areas of new research. 1 HOLT coverage Global database covering nearly 20,000 companies in 65+ countries. The HOLT database contains ~98% of global market capitalization. Americas EMEA Non-Japan A