Fiera Milano Spa · MIL:FM
Fiera Milano Spa — H1 2014 Earnings Presentation
18 slides from Fiera Milano Spa's earnings presentation, Jul 28, 2014
Slide 1: 1st Half 2014 Consolidated Results
1st Half 2014 Consolidated Results FIERA MILANO GROUP Conference Call – 28 July 2014
Slide 2: Contents
\Y C O ntents
Slide 3: 1H 2014 highlights
1H 2014 highlights The half-year results reflect a more favourable Italian exhibition calendar but also the prolonged slowdown in the domestic market and were impacted by non-recurring expenses Net exhibition space of 879,625 square meters (-2% vs 1H13) First edition of HOMI, the new Macef, and laun
Slide 4: Contents
\Y C O ntents
Slide 5: Italian exhibition calendar
Italian exhibition calendar Net sq. metres of exhibition space Exhibitions 1H14 1H13 Annual exhibitions Directly organised 114,895 133,975 Organised by 3rd parties 391,635 413,515 Total annual exhibitions 506,530 547,490 Biennial exhibitions Directly organised - 98,610 Organised by 3rd parties 223,2
Slide 6: Italian exhibitions
Italian exhibitions Italian exhibitions 1H14 1H13 Revenues (€'000) 112,954 105,464 Gross operating result (€'000) 2,611 -16 % on revenues 2.3% 0.0% Net operating result (€'000) -129 -828 % on revenues -0.1% -0.8% The increase in revenues mainly reflects the trend in exhibition space occupied The hig
Slide 7: Foreign exhibition calendar
Foreign exhibition calendar Net sq. metres of exhibition space Exhibitions 1H14 1H13 Annual exhibitions China 92,020 77,680 Brazil 22,130 27,450 Turkey 9,975 9,315 South Africa 6,200 4,170 India 4,590 4,760 Russia - 1,210 Total annual exhibitions 134,915 124,585 Biennial exhibitions China - 15,950 S
Slide 8: Foreign exhibitions
Foreign exhibitions 1H14 1H13 Foreign exhibitions restated* Revenues (€'000) 6,183 6,963 Gross operating result (€'000) -1,476 1,039 % on revenues -23.9% 14.9% Net operating result (€'000) -2,053 370 % on revenues -33.2% 5.3% * Some figures in the Consolidated Condensed Interim Financial Statements
Slide 9: Stand-fitting services
Stand-fitting services Stand-fitting services 1H14 1H13 Revenues (€'000) 21,486 18,616 Gross operating result (€'000) 2,041 1,463 % on revenues 9.5% 7.9% Net operating result (€'000) 1,205 747 % on revenues 5.6% 4.0% The increase in revenues and margins was mainly due to higher volumes of stand-fitt
Slide 10: Media
Media Media 1H14 1H13 Revenues (€'000) 6,541 6,264 Gross operating result (€'000) 248 240 % on revenues 3.8% 3.8% Net operating result (€'000) -140 -297 % on revenues -2.1% -4.7% The growth in revenues was mainly due to an increase in billboard advertising, reflecting the more favourable exhibition
Slide 11: Congresses
Congresses Congresses 1H14 1H13 Revenues (€'000) 14,891 13,313 Gross operating result (€'000) 1,575 1,825 % on revenues 10.6% 13.7% Net operating result (€'000) 538 1,055 % on revenues 3.6% 7.9% The increase in revenues reflected the presence in the semester of some important international events th
Slide 12: Income Statement
Income Statement 1H14 1H13 Consolidated Income Statement (€'000) restated* Revenues 138,582 132,725 Gross operating result 5,046 4,620 Gross operating margin (%) 3.6% 3.5% Net operating result (EBIT) -570 1,117 Net operating margin (%) -0.4% 0.8% Profit/loss before income tax -3,210 -687 Profit/loss
Slide 13: Statement of Financial Position
Statement of Financial Position 30/06/14 31/12/13 Consolidated Statement of Financial Position (€'000) restated* Non-current assets 209,193 209,402 Net working capital -39,941 -49,186 Gross capital employed 169,252 160,216 Non-current liabilities 21,524 20,929 Total net capital employed 147,728 139,
Slide 14: Net Financial Position
Net Financial Position 30/06/14 31/12/13 Consolidated Net Financial Position (€'000) restated * Cash (including bank balances) 13,178 11,416 Other cash equivalents - - Securities held for trading - - Cash & cash equivalents 13,178 11,416 Current financial assets 1,706 635 Current bank borrowings 51,
Slide 15: Contents
Contents 15
Slide 16: Business outlook
Business outlook The results of the semester under review confirm the absence of any major signs of a recovery in the exhibition business in Italy. The effects of the stagnant macroeconomic environment and the unfavourable exhibition calendar for the full- year require a prudent stance to be maintai
Slide 17: Forward-Looking Statements
Forward-Looking Statements Data and information herewith set forth are extracted from the Fiera Milano Press Release for the Half-year Financial Report to 30 June 2014 filed with Italian authorities regulating exchanges and securities and disseminated concomitantly with this presentation. This docum
Slide 18: For further information, please contact
For further information, please contact: Gianna La Rana Investor Relations Manager Camilla Cusi Investor Relations Fiera Milano SpA Strada Statale del Sempione, 28 20017 Rho (Milano) - ITALY Tel: + 39 02 4997.7816/7911 E-mail: investor.relations@fieramilano.it www.fieramilano.it