IPQ Index™ · Investor Presentation Quality
The standard for earnings presentation quality
Investor Presentation Quality Index™ · v2026.2 · LPM Conseil
A rigorous, proprietary benchmarking framework that evaluates the clarity, usefulness and investor-friendliness of corporate earnings and results presentations.
Does this presentation genuinely help investors and analysts understand performance, assess risks, and make better capital-allocation decisions?
Designed for CFOs, IROs and senior leaders who want an independent benchmark of communication quality — not aesthetics or compliance, but real informational value delivered to capital markets.
IPQ Review — Confidential
How does your deck score before the market sees it?
30 minutes. Full score. Slide-by-slide recommendations. Fully confidential.
The Framework
A Three-Pillar Evaluation Framework
The IPQ Index™ methodology is built on three high-level pillars that capture the essential components of effective investor communication. Each pillar is assessed using a structured, rules-based methodology designed to ensure consistency, comparability and actionability.
01
Content Quality
Assesses whether the information provided is relevant, complete and genuinely useful for understanding performance, cash generation and outlook.
Evaluation Categories
1.1
Financial Clarity
Are the key financial metrics presented clearly, with sufficient context for an investor to assess performance?
1.2
Consistency with Prior Periods
Are results presented on a comparable basis, with changes in methodology or perimeter clearly disclosed?
1.3
Use of Operational KPIs
Does the presentation include the operational indicators that allow investors to understand the drivers of financial performance?
1.4
Forward-Looking Guidance
Is outlook information provided with sufficient specificity and framing to support analyst modelling?
02
Structure & Accessibility
Evaluates how effectively the presentation guides the reader, supports modelling workflows and enables rapid comprehension.
Evaluation Categories
2.1
Presentation Flow
Does the narrative follow a logical sequence that guides the reader from headline results to underlying drivers?
2.2
Slide Design
Are individual slides clear and uncluttered, with visual hierarchy that directs attention to what matters most?
2.3
Length & Density
Is the overall length appropriate to the information provided, without unnecessary repetition or padding?
2.4
Accessibility & Definitions
Are non-standard metrics, acronyms and technical terms defined in a way that serves both analysts and generalist investors?
03
Message Discipline & Credibility
Measures the consistency, balance and transparency of the communication — including how well key messages are reinforced and whether claims are supported by evidence.
Evaluation Categories
3.1
Tone & Credibility
Is the tone balanced and evidence-based, avoiding promotional language that undermines investor confidence?
3.2
Investor-Friendly Extras
Does the presentation include elements — glossaries, appendices, reconciliations — that actively support investor and analyst work?
3.3
9×1 = 0 Risk
Does a single material omission or credibility failure undermine the quality of an otherwise strong presentation?
3.4
3×3 = 1 Discipline
Are the three most important messages consistently reinforced across at least three points in the presentation?
Foundations
Methodological Foundations
The IPQ Index™ is anchored in three bodies of evidence: regulatory standards, academic research and 25 years of front-line practitioner experience.
Regulatory Standards
The framework is aligned with the IASB and FASB Conceptual Frameworks, which define the objective of financial reporting as providing information useful for economic decision-making. The IPQ Index™ operationalises their six essential qualitative characteristics in the context of investor presentations:
- Relevance
- Faithful representation
- Comparability
- Verifiability
- Timeliness
- Understandability
Academic Research
A substantial body of peer-reviewed research demonstrates that disclosure quality has measurable capital market consequences. Studies by Botosan (1997), Healy & Palepu (2001) and Diamond & Verrecchia (1991) show that higher-quality disclosure is associated with:
- Lower information asymmetry
- Improved liquidity
- Greater institutional ownership
- Lower cost of equity capital
Practitioner Evidence
The framework incorporates insights from 25 years of front-line investor relations experience across multiple sectors and indices. Three recurring patterns are particularly influential in its design:
- Content without structure destroys usability
- Message overload dilutes investor takeaway
- Credibility is built on transparency, not optimism
Scoring Philosophy
The IPQ Index™ uses a structured, rules-based evaluation approach to ensure consistency and comparability across issuers and reporting periods. The methodology is designed to be:
Deterministic
— identical inputs produce identical outcomes
Actionable
— feedback highlights specific areas for improvement
Comparable
— results are consistent across sectors and time
Investor-centric
— aligned with how analysts actually use information
Rating Scale
How Presentations Are Rated
Results are expressed on a five-band rating scale that reflects the overall quality and decision-usefulness of the presentation. The qualitative labels are public; the underlying numerical thresholds are proprietary to LPM Conseil.
Scope & Boundaries
What the IPQ Index™ Measures
The IPQ Index™ evaluates investor presentations associated with periodic financial results — quarterly, half-year and full-year. Its scope is deliberately focused.
What It Evaluates
- Earnings and results presentations
- Clarity and completeness of financial narrative
- Structure and usability for analysts and investors
- Message consistency and credibility
- Decision-usefulness of the communication overall
What It Does Not Assess
- Regulatory compliance
- Aesthetic design
- ESG or sustainability reports
- Press releases or annual reports (unless incorporated by reference)
- Underlying company financial performance
The index measures communication quality — not financial results.
Why It Matters
Communication Quality Has Capital Market Consequences
↓ Risk
Lower information asymmetry between company and market
↑ Liquidity
Better disclosure is consistently linked to improved trading liquidity
↑ Ownership
Greater institutional investor interest in well-communicating issuers
↓ CoE
Research links disclosure quality to a lower cost of equity capital
Disclosure quality affects how investors assess risk, how analysts model performance and how capital markets price uncertainty. Research consistently shows that clearer, more complete and more credible communication reduces information risk — and companies with lower information risk tend to benefit from improved liquidity, broader investor interest and a lower cost of capital. The IPQ Index™ is designed to measure the specific attributes of communication that drive these outcomes.
Get Your IPQ Review
Where does your earnings deck really stand?
Submit your draft earnings presentation for a confidential IPQ review. You will receive a full score across all evaluation categories, a slide-by-slide analysis, and specific, ranked recommendations for improvement — before the market sees it.
✓
Full IPQ score across all evaluation categories
✓
Slide-by-slide review with specific, ranked recommendations
✓
Three highest-ROI wins to close the gap on best-in-class issuers
✓
Fully confidential — draft materials never stored or attributed
GCW
G. Christopher Welton
General Manager, LPM Conseil
25 yrs IR & Finance · BNY · Alcatel-Lucent · Technip Energies · VINCI · Casino · II Best IR Professional
Book Your 30-Minute Review
With Christopher Welton, directly · Paris or Video
Your details and any materials you share are treated as strictly confidential. No data is stored, shared, or attributed beyond this booking.
Meetings available from 16 March 2026
Request received.
Thank you. Christopher will be in touch within one business day to confirm your slot.
info@lpm-conseil.com
info@lpm-conseil.com
About
About LPM Conseil
The Firm
LPM Conseil is an independent advisory firm specialising in financial communication, investor relations and strategic messaging. The firm supports listed and private-equity companies in designing and improving earnings materials, investor days, annual reports and broader capital markets communication.
The IPQ Index™
The IPQ Index™ is a proprietary framework developed by LPM Conseil to benchmark and enhance the quality of investor presentations across major indices. It is the only framework of its kind to combine regulatory foundations, academic research and front-line practitioner experience into a single, actionable scoring system.