Italian Exhibition Group Spa · MIL:IEG
Italian Exhibition Group Spa — KT Partners Annual Investors Summit 2023
26 slides from Italian Exhibition Group Spa's conference presentation, Jun 7, 2023
Slide 1: Annual Investors Summit 2023
Annual Investors Summit 2023 Milan, June 7th, 2023
Slide 2: IEG at a Glance
IEG at a Glance
Slide 3: Disclaimer
Disclaimer This presentation is being shown to you solely for your information and may not be reproduced, distributed to any other person or published, in whole or in part, for any purpose. The information in this presentation could include forward looking statements which are based on current expec
Slide 4: Today's Presenters
Annual Investors Summit 2023 TODAY’S PRESENTERS Treasury & Credit CEO CFO Manager & IR Corrado Peraboni Teresa Schiavina Martina Malorni corrado.peraboni@iegexpo.it teresa.schiavina@iegexpo.it martina.malorni@iegexpo.it 1996-1999 Member of the General Council and of the 2007-2009 2010-2014 Executive
Slide 5: IEG at a Glance
Annual Investors Summit 2023 IEG AT A GLANCE OVERVIEW For over 70 years the Group has been organizing trade shows, events and conferences in Italy and throughout the world. 173 Events in 2022 Italian leader of organized events, with 20 international exhibitions organized out of 36 organized events i
Slide 6: A History of Growth... Continuing After Pandemic
Annual Investors Summit 2023 A HISTORY OF GROWTH…..CONTINUING AFTER PANDEMIC Revenues Breakdown by Business Line From 2015 to 2019 revenues €M– 2015 – 2022 Covid-19 Pandemic grew with a CAGR of 24,3% as Hosted Events effects both of organic growth -56% Congress & MICE -43% and M&A. 28,2M Food, Stand
Slide 7: Strategic Geographic Positioning in Europe
Annual Investors Summit 2023 STRATEGIC GEOGRAPHIC POSITIONING IN EUROPE TOP CLASS VENUES VICENZA TRADE SHOW DISTRICT VICENZA CONVENTION CENTRE ▪ Extended and upgraded in 2014, with the construction of ▪ Opened in 2014 Hall 7 ▪ Hosts capacity: 1,200 ▪ 80,000 sqm surface area ▪ Includes the Palladio T
Slide 8: International and Global Presence
Annual Investors Summit 2023 INTERNATIONAL AND GLOBAL PRESENCE With its events, platforms for incoming buyers, subsidiaries and joint-ventures, IEG has developed a global network that attracts, supports and promotes the Group’s key industries. 8
Slide 9: IEG Business Model
Annual Investors Summit 2023 IEG BUSINESS MODEL ONE INDUSTRY, TWO DIFFERENT JOBS EVENT ORGANIZERS VENUE MANAGERS THE OWNERS OF THE SHOWS IEG MANAGES VENUES… THE EXPO CENTRE MANAGERS They make all decisions about the Event They rent the venue to organizers (where, when, format, contents, prices, audi
Slide 10: IEG's Lines of Business
Annual Investors Summit 2023 IEG'S 5 LINE OF BUSINESS 9,10% 2,4% Organized Events 1,9% Food, Stand Fitting and Cleaning 54,4% 31,7% Congress and M.I.C.E. Publishing, Sport Events and Others Hosted Events 10
Slide 11: Organized Events
Annual Investors Summit 2023 ORGANIZED EVENTS 54,4% Food & Beverage Jewellery & Fashion Green & Technology Tourism & Hospitality Wellness & Sport Main events & Brands 11
Slide 12: Other Business Lines
Annual Investors Summit 2023 OTHER BUSINESS LINES 9,10% 1,9 2,4 % 31,7 % % Food, Stand Fitting and Publishing, Sport Events Congress and M.I.C.E. Hosted Events Cleaning and Others 12
Slide 13: IEG's Ambition and Strategic Plan
IEG’s Ambition and Strategic Plan
Slide 14: IEG Ambition to 2027: #Community Catalyst
Annual Investors Summit 2023 IEG AMBITION TO 2027 #Community Catalyst Strengthen the leadership in Italy in the organization of events becoming a Global Player to create value for stakeholders 14
Slide 15: The Global Exhibition Market
Annual Investors Summit 2023 THE GLOBAL EXHIBITION MARKET The Covid pandemic impact on the Exhibition Industry was very Overall market Forecast 2018-2024 ($bn) relevant. In many countries (included, - 13% - 3% China, Italy and Germany) restrictions hit some shows until 1Q 2022. - 28% Revenue loss ha
Slide 16: IEG Positioning in the Global Exhibition Market
Annual Investors Summit 2023 IEG POSITIONING IN THE GLOBAL EXHIBITION MARKET 60,0 50,0 EBITDA Margin (%) 40,0 30,0 20,0 10,0 0,0 0 200 400 600 800 1000 1200 1400 1600 1800 2000 Revenues €M 16 Source: Orbis, Year Financial Report of singles companies. Data refers to FY 2019
Slide 17: IEG Strategy to 2027
Annual Investors Summit 2023 IEG STRATEGY TO 2027 Portfolio International Disciplined Value Growth Expansion Investment Creation ✓ Core portfolio consolidation by ✓ 4x4 Strategy – the 4 main ✓ Venues’ investment to increase ✓ Sustainable Revenue and strengthening industry events in 4 continents capa
Slide 18: Financial Targets 2022 - 2027
Annual Investors Summit 2023 FINANCIAL TARGETS 2022 - 2027 REVENUES EBITDA Organized Events 26% Other Cagr +10% 267 69 21% 182 38% 162 139 11.2% 10% 38 40% 46% 43% 18 62% 13 60% 54% 57% 2022 2022F 2023F 2027F 2022 2022F 2023F 2027F NET FINANCIAL POSITION NFP/ Ebitda Adj. 5.3 8.2 2.6 0,6 109 95 99 41
Slide 19: A Disciplined Investment Plan
Annual Investors Summit 2023 A DISCIPLINED INVESTMENT PLAN MAINTENANCE EXPANSION M&A • Digital Transformation This Strategic Plan considers only M&A projects 5,5 milion a year (on averege) of maitenance that have been completed or are in an advanced capex • Expansion and quality standards for fashio
Slide 20: ESG Initiatives Across Business
Annual Investors Summit 2023 ESG INITIATIVES ACROSS BUSINESS CERTIFICATION PLAN THE ROAD TO NET ZERO ARCHITECTURE FOR DIGITAL SOCIAL CARBON EVENTS THE SUSTAINABLE TRANSFORMATION SUSTAINABILITY ECONOMY United Nations Sustainable Development Goals SUSTAINABILITY IEG among the first companies Ecomondo
Slide 21: Key Financials
Key Financials
Slide 22: 1Q23 – Results Highlights
Annual Investors Summit 2023 1Q23 – RESULTS HIGHLIGHTS 1Q23 – Record Revenues, back to profitability and cash generation ✓ Revenue doubled 1Q22 results (+102%) with sound growth across all business lines driven by organic expansion on volumes (+40,6%) and 1Q 2023 Results «Restart» (+37,3%) REVENUES
Slide 23: A Faster Pace of Recovery
Annual Investors Summit 2023 A FASTER PACE OF RECOVERY Number of Trade Market high satisfaction: Full recovery of pre- Strong momentum into Exhibitions held NPS way above Global pandemic revenues 1H23 industry benchmark 51 in 2022 +19 90% 103,4% 2022 Revenues on 2019 Booking Achievement vs Target 11
Slide 24: 1Q23 Revenues by Line of Business
Annual Investors Summit 2023 1Q23 REVENUES BY LINE OF BUSINESS 1Q23 Revenues by line of Business Number of Events 1 77,0 M€ 25 1 1Q23 Revenue 3 12 14 1 7 1Q23 1Q22 Organized Events Hosted Events Congresses Other Events 24
Slide 25: 1Q23 Business Update
Annual Investors Summit 2023 1Q23 BUSINESS UPDATE K.EY – the “Energy Transition Expo” first edition following the spin off from Ecomondo, was launched in March 2023, aimed at providing a comprehensive showcase for the technology, integrated solutions and services for the energy transition towards a
Slide 26: Providing the future
Providing the future ITALIAN EXHIBITION GROUP
Italian Exhibition Group — KT Partners Annual Investors Summit 2023 on 6ix