Fiera Milano Spa · MIL:FM
Fiera Milano Spa — 9M 2024 Earnings Presentation
29 slides from Fiera Milano Spa's earnings presentation, Nov 13, 2024
Slide 1: Fiera Milano Results as of 30 September 2024
Fiera Milano Results as of 30 September 2024 13 November 2024
Slide 2: Today's Speakers
TODAY’S SPEAKERS FRANCESCO CONCI MASSIMO DE TULLIO VINCENZO CECERE Head of Investor Relations, CEO & General Manager Chief Financial Officer Sustainability & Management System > 20 years in Fiera Milano 6 years in Fiera Milano 3 years in Fiera Milano ▪ Relevant experience: ▪ Relevant experience: ▪ R
Slide 3: Agenda
AGENDA EXECUTIVE ESG 01 SUMMARY 04 ACHIEVEMENTS BUSINESS REVIEW Appendix 02 03 FINANCIAL REVIEW
Slide 4: Executive Summary
EXECUTIVE SUMMARY
Slide 5: Executive Summary (1/2)
EXECUTIVE SUMMARY (1/2) ▪ 51 exhibitions in 9M 2024 (30 in Italy and 21 abroad; 32 organized and 19 hosted) vs. 47 exhibitions in 9M 2023 STRONG SET OF ▪ 96 congresses (of which 37 with related exhibition area) vs. 75 congresses in 9M 2023 OPERATIVE ▪ 1.195.795 sqm occupied (787.010 sqm Italy, 352.8
Slide 6: Executive Summary (2/2)
EXECUTIVE SUMMARY (2/2) ▪ Launched “PURPLE - Sign of the Times”, a new B2C event in the fashion and music sector; > 40k visitors expected ON TRACK WITH ▪ Fiera Milano selected as the venue to host “Gastech 2025”, the world's largest exhibition in energy transition; > 50k visitors expected THE 2024-2
Slide 7: Business Review
BUSINESS REVIEW
Slide 8: Snapshot of Divisional Results – Legal Entities View
SNAPSHOT OF DIVISIONAL RESULTS – LEGAL ENTITIES VIEW ▪ Revenue growth of + 2.7% despite a negative calendar effect (more details in the next slide) Δ Δ due to the absence in 9M of the multi-year ITMA, Plast and the biennial odd year Tuttofood. Strong Italian Exhibition 9M 2023 9M 2024 Growth Growth
Slide 9: Revenue Growth Contribution - Business Line View
REVENUE GROWTH CONTRIBUTION - BUSINESS LINE VIEW (-) CALENDAR EFFECT: € (19.1)m ▪ +21.6m presence of MCE (86k sqm), Transpotec (50k sqm), NME (11k sqm), 9M 2024 vs 9M 2023 Venditalia (13k sqm), Xylexpo (14k sqm) and Salone del franchising (5k sqm) Revenue Growth • (40.7)m absence of ITMA (122k sqm),
Slide 10: Fiera Milano 9M 2024 SQM Growth Champions
FIERA MILANO 9M 2024 SQM GROWTH CHAMPIONS SELECTED ITALIAN EXHIBITIONS ORGANIZED SQM (k) SQM GROWTH % HOSTED SQM (k) SQM GROWTH % 9M 2024/ last edition 9M 2024/ last edition 25 28 +12% 78 86 +11% 9M 2023 9M 2024 9M 2022 9M 2024 Spring + autumn editions + 16 27 +70% 54 68 9M 2023 9M 2024 +26% 9M 2023
Slide 11: Financial Review
FIERA MILANO FINANCIAL REVIEW
Slide 12: Income Statement
INCOME STATEMENT 9M 9M Δ (€) Consolidated Income Statement (€m) 2023 2024 9M 24/23 ▪ Revenues: from Euro 177.8m in 9M 2023 to Euro 184.5m in 9M 2024, an improvement of Euro +6.7m. This 1 Revenues 177.8 184.5 +6.7 growth is mainly due to: Cost of materials 2.3 1.7 -0.6 ▪ Positive performance effect o
Slide 13: Balance Sheet, Net Working Capital, Net Financial Position and Cash Flow
BALANCE SHEET, NET WORKING CAPITAL, NET FINANCIAL POSITION and CASH FLOW As of As of As of As of Δ 30 Sep COMPARISON 30 September 2024 vs 31 December 2023 Balance Sheet (€m) 31 Dec 31 Mar 30 June 30 Sep 2024/ 31 2023 2024 2024 2024 Dec 2023 ▪ Net Working Capital goes from Euro (98.2)m at 31/12/2023
Slide 14: Financial Stability Indicators
FINANCIAL STABILITY INDICATORS Fiera Milano achieved an excellent financial stability, transforming the Covid-19 emergency into an opportunity to reorganize its financial structure CURRENT ASSET/ CURRENT LIABILITIES (EQUITY + NON CURRENT LIABILITIES)/ FIXED ASSET €m Ratio: 0.73 €m Ratio: 0.97 Ratio:
Slide 15: 2024-2027 Strategic Plan Guidance
2024-2027 STRATEGIC PLAN GUIDANCE Upgraded In 2027 Fiera Milano expects to achieve: Millions of euros 2024 2025 2026 2027 ▪ Revenues between Euro 355 and 375 million Revenues 255-265 320-340 305-325 355-375 ▪ An estimated EBITDA between Euro 120 and 130 million EBITDA 75-80 110-120 90-100 120-130 ▪
Slide 16: ESG Commitment
ESG COMMITMENT
Slide 17: ESG Rating
ESG RATING RATING UPGRADE (2024) ▪ +27% vs. 2022 (16.7) 12.3 (2022) (2021) 16.7 19.6 ▪ +37% vs. 2021 (19.6) Max Min ❑ ESG Risk Rating of 12.3/100 (where 0 is the best evaluation) from the rating agency Sustainalytics, placing the company in the second-best rating class, "Low ESG Risk" - a position r
Slide 18: Obtained ISO 37001 – Anti-Bribery Management System
OBTAINED ISO 37001 – ANTI-BRIBERY MANAGEMENT SYSTEM ▪ Fiera Milano obtained ISO 37001 – Anti-Bribery Management System – certification, a recognition that attests to the company’s commitment to preventing, detecting, and addressing corruption- related risks within its operations. ▪ This achievement
Slide 19: Rooftop Photovoltaic System and Decarbonisation Plan to 2030
ONE OF THE LARGEST ROOFTOP PHOTOVOLTAIC SYSTEM IN EUROPE AND THE DECARBONISATION PLAN TO 2030 ▪ 50,000 photovoltaic panels ▪ 30-35% of Fiera Milano energetic need covered ▪ Total surface area: 330,000 sqm (equal to more than 45 football fields) ▪ Estimated total annual production: 22 GWh equal to th
Slide 20: Net Zero Milan: New Event for Decarbonisation of Industry
NET ZERO MILAN: THE NEW EVENT DEDICATED TO THE DECARBONISATION OF INDUSTRIAL PROCESSES NET ZERO MILAN expo – summit Pathways to a decarbonised economy May 2025 Focus on solutions and technologies for the decarbonization of industries and electric system. A brand new, exclusively B2B event for the en
Slide 21: Appendix 1: Exhibitions Details
APPENDIX 1 EXHIBITIONS DETAILS
Slide 22: Exhibitions and Congresses in 9M 2024
EXHIBITIONS AND CONGRESSES IN 9M 2024 Manifestazioni Italia – metri Net square meters Net square meters quadrati Italian Exhibitions Foreign Exhibitions 9M 2023 9M 2024 9M 2023 9M 2024 9M 2022 9M 2023 Directly Organized China - Bit (A) 16,165 17,225 - Chinafloor Domotex Shanghai ° (A) b) 66,735 - Mi
Slide 23: Appendix 2: The Integrated Sustainability Plan
APPENDIX 2 THE INTEGRATED SUSTAINABILITY PLAN
Slide 24: ESG Scorecard
ESG SCORECARD Environment Social Governance As of 31/12/2023 Total CO2 emissions (tCO2eq) % Renewable sources used Employees Diversity Board independence Board diversity -33% Age Gender 24,951 598 612 637 > 50 years PAY GAP* 2023 22% Independent 56% 37% 38% 43% 78% 41% Executives 113% 17,828 30% 362
Slide 25: Integrated Sustainability Plan: Environmental
THE NEW INTEGRATED SUSTAINABILITY PLAN ENVIRONMENTAL DIMENSION OF THE ESG ESG STRATEGIC # TARGET TIMING SDGS PLAN 2024- PRIORITIES 2027 1 • Reduction of Scope 1 + Scope 2 CO2 emissions by at least -60% from 2023 baseline 2027 2 • Increase the share of electricity from renewable sources from 38% to 7
Slide 26: Integrated Sustainability Plan: Social
THE NEW INTEGRATED SUSTAINABILITY PLAN SOCIAL DIMENSION OF THE ESG ESG STRATEGIC # TARGET TIMING SDGS PLAN 2024- PRIORITIES 2027 13 • Increase in the incidence of female gender in managerial positions from 46% to 49% 2027 1Attracting and hosting leading events in PEOPLE 14 • Obtain UNI/PDR 125:2022
Slide 27: Integrated Sustainability Plan: Governance
THE NEW INTEGRATED SUSTAINABILITY PLAN GOVERNANCE DIMENSION OF THE ESG ESG STRATEGIC # TARGET TIMING SDGS PLAN 2024- PRIORITIES 2027 23 • Obtain ISO 37001 certification (anti-corruption) for Fiera Milano 2024 24 • Obtain ISO 14001 certification (environmental) for Fiera Milano 2024 GOVERNANCE AND BU
Slide 28: Thank you
Thank you CONTACTS: Investor relations: investor.relations@fieramilano.it Sustainability: sustainability@fieramilano.it Investor Relations https://investors.fieramilano.it/en Sustainability www.fieramilano.it/en/sustainability.html 2024 Exhibition Calendar www.fieramilano.it/en/calendario.html
Slide 29: Disclaimer
Disclaimer This presentation and any materials distributed in connection herewith (together, the “Presentation”) do not constitute or form a part of, and should not be construed as, an offer for sale or subscription of or solicitation of any offer to purchase or subscribe for any securities, and nei