Fiera Milano Spa · MIL:FM
Fiera Milano Spa — Q3 2021 Earnings Presentation
20 slides from Fiera Milano Spa's earnings presentation, Nov 8, 2021
Slide 1: 3rd Quarter 2021 Consolidated Results
FIERA MILANO GROUP 3rd Quarter 2021 Consolidated Results CONFERENCE CALL – 8 November 2021
Slide 2: Contents
Contents 1. Highlights 2. Financial results 3. Business outlook
Slide 3: Highlights
1.0 Highlights FIERA MILANO
Slide 4: Highlights (1/4)
1.1 Highlights (1/4) 3Q21 driven by the resumption of exhibitions and congresses: a busy exhibition calendar supported by an KEY FIGURES (€m) 3Q21 3Q20 extraordinary organisational effort Revenues 35.3 11.3 EBITDA 16.0 -5.8 11 events held in Italy during the quarter despite the EBIT 4.8 -17.0 Profit
Slide 5: Highlights (2/4)
1.2 Highlights (2/4) ▪ Gastech – In September 2022, Fiera Milano will host the 50th edition of Gastech, the world’s largest exhibition for the gas, LNG, hydrogen During the quarter, Fiera Milano completed a number of and energy industry, which takes place annually in different locations initiatives
Slide 6: Highlights (3/4)
1.3 Highlights (3/4) ▪ Fiera Milano has launched a new project to define its sustainability Ongoing commitment to integrate sustainability framework for the years of the CONN.E.C.T. 2025 plan. into Fiera Milano Group business-model processes ▪ In July 2021 Fiera Milano obtained ISO 20121:2013 certif
Slide 7: Highlights (4/4)
1.4 Highlights (4/4) ▪ On 5 November, the Ministry of Tourism announced the results of the calculations for allocating resources from the fund referred to in Article 1, paragraph 1, letter a), of Ministerial Decree of 24 June 2021, prot. 1004, admitted to registration by the Court of Auditors on 19
Slide 8: Financial results
2.0 Financial results FIERA MILANO
Slide 9: Italian Exhibitions
2.1 Italian Exhibitions Exhibition space rented out ('000 net sq.m.) Annual exhibitions 148 63 3Q21 3Q20 • 3Q21 saw a different exhibition calendar to usual due to the rescheduling of exhibitions originally planned for the first half of the year; in the same period of 2020 some events were held in a
Slide 10: Italian Exhibitions Business
2.2 Italian Exhibitions Business 2.1 Italian Exhibition Business (€m) 3Q21 3Q20 9M21 9M20 Revenues 27.3 10.3 30.2 59.7 EBITDA 13.5 (4.4) (6.9) 7.4 % on revenues 49.5% neg. neg. 12.5% EBIT 3.8 (14.2) (36.3) (22.1) % on revenues 13.8% neg. neg. neg. • Positive performance in terms of revenues and marg
Slide 11: Foreign Exhibitions Business
2.3 2.2 Foreign Exhibitions Business Foreign Exhibition Business (€m) 3Q21 3Q20 9M21 9M20 Revenues 0.1 0.0 0.2 1.1 EBITDA (0.4) (0.1) (0.9) (1.1) % on revenues neg. neg. neg. neg. EBIT (0.4) (0.1) (1.0) (1.3) % on revenues neg. neg. neg. neg. • The results of foreign business are linked to foreign s
Slide 12: Congresses
2.4 Congresses Congresses (€m) 3Q21 3Q20 9M21 9M20 Revenues 9.4 0.3 10.7 4.5 EBITDA 3.2 (1.1) 1.9 (1.5) % on revenues 33.6% neg. 17.4% neg. EBIT 1.8 (2.4) (1.9) (5.3) % on revenues 19.5% neg. neg. neg. • The year-on-year increase in quarterly revenues and margins mainly reflected the resumption of c
Slide 13: Net Financial Position
2.6 Net Financial Position 31/12/2020 Consolidated Net Financial Position (€m) 30/09/2021 30/06/2021 20.4 Cash & cash equivalents 79.9 58.7 1.3 Current financial assets 2.4 2.4 49.0 Current bank borrowings 0.0 37.0 0.0 Current portion of non-current debt 0.6 0.3 1.7 Other current financial liabiliti
Slide 14: Business outlook
3.0 Business outlook FIERA MILANO
Slide 15: Business outlook
3.1 Business outlook ▪ The current situation is more stable than the recent past, despite the persistently uncertain public health scenario. Thanks to the rise in vaccine coverage levels and the introduction of the Green Pass system, it has been possible to glean positive signals from scheduled exhi
Slide 16: Forward-looking statement
Forward-looking statement Prospective investors are cautioned not to place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in many cases, beyond our control. In light of these risks, uncertainties, and assump
Slide 17: For further information, please contact
For further information, please contact: Investor Relations Department Tel +39 02.4997.7816 email: investor.relations@fieramilano.it Fiera Milano S.p.A. S.S. del Sempione 28 20017 Rho (Milano) - Italia www.fieramilano.it
Slide 18: Back-up
BACK-UP FIERA MILANO
Slide 19: Financial overview – Income Statement
Financial overview – Income Statement Consolidated Income Statement (€m) 3Q21 3Q20 9M21 9M20 Revenues 35.3 11.3 39.9 67.3 Cost of materials 0.8 0.3 1.1 1.6 Cost of services 19.0 9.3 32.0 38.6 Costs for use of 3rd-party assets 0.2 0.1 0.3 0.3 Personnel expenses 9.1 7.3 25.4 24.5 Other operating expen
Slide 20: Financial overview – Reclassified Statement of Financial Position
Financial overview – Reclassified Statement of Financial Position 31/12/2019 Reclassified Consolidated Statement of Financial Position (€m) 30/09/2021 30/06/2021 593.8 Non-current assets 562.1 594.0 (35.4) Net working capital (85.2) (40.0) 558.4 Gross capital employed 476.8 554.0 21.7 Non current li