Italian Exhibition Group Spa · MIL:IEG
Italian Exhibition Group Spa — TP ICAP Midcap Conference (May 2026)
34 slides from Italian Exhibition Group Spa's conference presentation, May 7, 2026
Slide 1: Investor Presentation
Paris, May 7th, 2026 Investor Presentation
Slide 2: Agenda
TP ICAP MIDCAP Conference Agenda Agenda Market scenario IEG Overview IEG Strategy: Strategic Plan 2025-2030 Key Financials Closing Remarks
Slide 3: Market scenario
Market scenario
Slide 4: The Exhibition Industry
TP ICAP MIDCAP Conference Ch. 1 Market scenario The Exhibition Industry ONE INDUSTRY, TWO DIFFERENT JOBS Event Organizers Venue Managers The owners of the shows The expo centre managers • They make all decisions about the Event (where, • They rent the venue to organizers when, format, contents, pric
Slide 5: Global Exhibition Market & IEG Sectors Growth to 2030
TP ICAP MIDCAP Conference Ch. 1 Market scenario Global Exhibition Market & IEG Sectors Growth to 2030 Global Exhibition Market Revenues (in billion €) +70% IEG’s Exhibitions Sectors expected growth to 2030 % Incidence of Organized Event Sector Revenues’ on IEG Group turnover Jewellery & Green & Food
Slide 6: Global Exhibition Market & IEG Sectors Growth to 2030
TP ICAP MIDCAP Conference Ch. 1 Market scenario Global Exhibition Market & IEG Sectors Growth to 2030 6
Slide 7: IEG Overview
IEG Overview
Slide 8: Welcome to IEG Ecosystem
TP ICAP MIDCAP Conference Ch. 2 IEG Overview Welcome to IEG Ecosystem IEG is an international leader in the trade fair experience, creates value, connections and opportunities for companies around the world With successful events, integrated, high-value services, and world- class facilities in Rimin
Slide 9: Stock performance and Shareholders' Structure
TP ICAP MIDCAP Conference Ch. 2 IEG Overview Stock performance and Shareholders’ Structure Shareholders’ Structure Stock performance (2025) TSR EPS DPS Free Float 14,74% + 196% +108% +43% Treasury Shares 1,03% 10,0 € 350 Amber Capital 10,52% 9,0 € 300 Rimini 8,0 € 50,01% Congressi 250 S.r.l. 7,0 € 2
Slide 10: IEG Business Model
TP ICAP MIDCAP Conference Ch. 2 IEG Overview IEG Business Model % on Revenues* IEG's core business: trade fairs conceived, developed, and managed directly in the main Organized Events industrial sectors (Food, Jewellery, Green, Tourism, Wellness, etc.). They create value and connections for business
Slide 11: Continuous portfolio development
TP ICAP MIDCAP Conference Ch. 2 IEG Overview Continuous portfolio development Milano, February Torino, March Rimini, March Vicenza, April Rimini, October Las Vegas, March Rimini, September Firenze, October New York, February Riyadh, February 2023 2025 2024 2026 Vicenza, October Shenzen, May Singapor
Slide 12: ~40 M€ M&A investment: 75% in Italy, 25% Abroad
TP ICAP MIDCAP Conference Ch. 2 IEG Overview ~40 M€ M&A investment: 75% in Italy, 25% Abroad 2023 2025 2024 2026 12
Slide 13: Organized Events: Core Portfolio
TP ICAP MIDCAP Conference Ch. 2 IEG Overview Organized Events: Core Portfolio Every trade show, every IEG product is a Brand that serves as a year-round active platform, both physical and digital, that catalyzes the industry community, supports its development, and fosters its growth. 13
Slide 14: Organized Events: a diversified portfolio of served industries and geographies
TP ICAP MIDCAP Conference Ch. 2 IEG Overview Organized Events: a diversified portfolio of served industries and geographies Food & Jewellery & Green & Wellness & Tourism & Leisure & Industrial Beverage Fashion Technology Outdoor Hospitality Entertainment Equipments Italy RoW 14
Slide 15: IEG Exhibitions & Congress Facilities
TP ICAP MIDCAP Conference Ch. 2 IEG Overview IEG Exhibitions & Congress Facilities Rimini Headquarter & Vicenza Trade Vicenza Convention Fiuggi Convention Rimini Convention Centre * Show District * Trade Show District * Centre * Centre • Completed in 2006 and • Opened in 2011 • Extended and upgraded
Slide 16: IEG among the global leading pure exhibition organizers
TP ICAP MIDCAP Conference Ch. 2 IEG Overview IEG among the global leading pure exhibition organizers Revenues FY 24 Revenues Growth FY24 #Among the top players globally by EBITDA margin Profitability as a structural competitive advantage Source: jwc analysis, iwc estimates, Grant Thornton Stax Top 2
Slide 17: IEG Strategy: Strategic Plan 2025-2030
IEG Strategy: Strategic Plan 2025-2030
Slide 18: Strategic Pillars
IEG Strategy: TP ICAP MIDCAP Conference Ch. 3 Strategic Plan 2025-2030 Strategic Pillars 18 18
Slide 19: Grow and diversify the portfolio to increase scale and reduce risk
IEG Strategy: TP ICAP MIDCAP Conference Ch. 3 Strategic Plan 2025-2030 Strategic Pillar #1 – Portfolio Growth How we Execute Grow and diversify Target to 2030 the portfolio to increase • Development and launch of one new proprietary exhibition per year 1x year scale and reduce risk • Increase the in
Slide 20: A new approach to Exhibitors Sales
IEG Strategy: TP ICAP MIDCAP Conference Ch. 3 Strategic Plan 2025-2030 Strategic Pillar #1 – Portfolio Growth A new approach to Exhibitors Sales IEG has evolved its exhibitor sales model: from pure floor-space sales to a diversified portfolio of services - stand construction, on-site solutions, and
Slide 21: Selective international expansion to strengthen the portfolio
IEG Strategy: TP ICAP MIDCAP Conference Ch. 3 Strategic Plan 2025-2030 Strategic Pillar #2 – International Growth How we Execute Selective Target to 2030 international expansion Countries clustered by IEG’s growth strategic drivers Cluster A – Local event platform to strengthen the portfolio • Propr
Slide 22: Building Execution Capability Over Time
IEG Strategy: TP ICAP MIDCAP Conference Ch. 3 Strategic Plan 2025-2030 Strategic Pillar #3 – People & Culture How we Execute Building Execution A people model designed to support growth, resilience and Capability Over Time execution aiming to become “Best • Structured talent programs ensuring leader
Slide 23: Profitable growth, financial discipline and long term value generation
IEG Strategy: TP ICAP MIDCAP Conference Ch. 3 Strategic Plan 2025-2030 Strategic Pillar #4 – Value Creation Profitable growth, financial discipline and long term value generation Value creation as a structural feature of the business model • Growth with discipline, without compromising profitability
Slide 24: Key Financials
Key Financials
Slide 25: Group Revenues
TP ICAP MIDCAP Conference Ch. 4 Key Financials Group Revenues Revenues 2019 – 2030 (€M) Revenues Bridge 2025 – 2030 (€M) + 94/99 360/365 3 16 15 2 360/ 365 58/63 26 6 290/ 295 Covid-19 Pandemic 250 26 6 212 179 162 103 80 2025 Organize RoW Hosted Congress Services 2030 E 2019 2020 2021 2022 2023 202
Slide 26: Group Revenues by Line of Business
TP ICAP MIDCAP Conference Ch. 4 Key Financials Group Revenues by Line of Business 360/365 Revenues 2019 – 2030 (€M) 1% 1% 7% 290/295 266 1% 2% 24% 250 8% 2% 2% 2% 9% 212 2% 8% 26% 179 2% 2% 9% 26% 26% 3% 1% 9% 30% 32% 67% 63% 62% 61% 57% 55% 2019 // 2023 2024 2025 2026 E // 2030 E Organized Events S
Slide 27: Revenues Breakdown by Area Geo
TP ICAP MIDCAP Conference Ch. 4 Key Financials Revenues Breakdown by Area Geo Consolidated Revenues 2025 – 2030 (€M) 360-365 290-295 56 15% 266 43 15% 37 14% 304-309 85% 229 86% 247-252 85% 2025 2026 E // 2030 E Italy RoW International Revenues 2025 – 2030 (€M) 56 1% 4 1% 43 37 4 1% 1% 3 31 8,5% 25
Slide 28: Group Adjusted EBITDA
TP ICAP MIDCAP Conference Ch. 4 Key Financials Group Adjusted EBITDA EBITDA ADJ. 2019 – 2030 (€M) EBITDA ADJ. Bridge 2025 – 2030 (€M) +~29/ 3 4 +2pp 100/105 7 1 1 (16) 5 100/105 29% 77/80 31/36 71 66 26%/ 71 27% 27% 27% 49 41 Covid-19 23% Pandemic 23% 18 11% 3 (6) 2025 Organize RoW Hosted Congress S
Slide 29: Capex Plan and financing
TP ICAP MIDCAP Conference Ch. 4 Key Financials Capex Plan and financing 16% 15% 13% 11% 12% 3% 45 41 43 Total Capex 40 10 9 210€ M 18 31 9 10 35 34 Self-financing External financing 31 23 10 75% 25% 21 9 1 2025 2026 2027 2028 2029 2030 Expansion Manteinance % on Group Revenues 29
Slide 30: Group Net Financial Position & Financial Leverage
TP ICAP MIDCAP Conference Ch. 4 Key Financials Group Net Financial Position & Financial Leverage Net Financial Position Bridge 2025 – 2030 (€M) 28 (173) 356 (37) (27) 44 (8) (35) (90) 2025 Δ CF from Δ NWC Δ Capex & Δ Dividend Δ Financial Δ Other 2030 Operating M&A Closing Changes Financial Leverage
Slide 31: Closing Remarks
Closing Remarks
Slide 32: Ready to Scale
TP ICAP MIDCAP Conference Ch. 5 Closing Remarks Ready to Scale Focus on core businesses Increase to complete foundation shareholder to Scale remuneration International Expansion Invest in Portfolio with selective M&A and Development and a Global Sales capacity expansion Network to boost organic grow
Slide 33: Next Events Contact
Next Events Contact May 14TH, 2026 Email Approval of Consolidated Interim Report as of March 31st, 2026 investor.relations@iegexpo.it Phone August 8TH, 2026 +39 0541744452 Approval of Half-Year Interim Report as of June 30th, 2026 November 12TH, 2026 Approval of Consolidated Interim Report as of Sep
Slide 34: Disclaimer
Disclaimer This presentation contains certain forward-looking statements that reflect the Company’s management’s current views with respect to future events and financial and operational performance of the Company and its subsidiaries. These forward-looking statements are based on IEG S.p.A.’s curre
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