Italian Exhibition Group Spa · MIL:IEG
Italian Exhibition Group Spa — FY2023 Earnings Presentation
16 slides from Italian Exhibition Group Spa's earnings presentation, Mar 19, 2024
Slide 1: Financial Results FY23 Analyst Call
March 19th 2024 Financial Results FY23 Analyst Call
Slide 2: Agenda
Agenda 01. Corrado Peraboni Business Performance CEO 02. Martina Malorni Financial Performance Investor Relator
Slide 3: Business Performance
Section 01 Business Performance Corrado Peraboni CEO 1. Business Performance 2. Financial Performance
Slide 4: FY23 – results highlights
01. Business Performance Financial Results FY23 FY23 – results highlights FY23 - Record Revenues, improved profitability and cash FY 2023 Results generation REVENUES ADJ. EBITDA ADJ. EBIT NET RESULT Record Revenues (+32.4%) with sound growth across all business lines driven by organic expansion (+22
Slide 5: FY23 revenues by Business segments
01. Business Performance Financial Results FY23 FY23 revenues by Business segments FY23 Revenues by line of Business Number of Events #182 +9 6 #173 8 Organized Events 57% 126 122 212.4 M€ Services 30% FY23 Revenues Congress 9% 10 10 Hosted Events 2% 40 33 Publishing, Sport & Others 2% FY 23 FY 22 O
Slide 6: 4Q23 Business Update
01. Business Performance Financial Results FY23 4Q23 Business Update 60th edition, closed +19% of professional visitors compared to 2022 2,700 exhibiting brands and thousands of foreign buyers from 62 countries (58% from ESG Europe and 42% from the rest of the world, of which 15% from the USA) TTG b
Slide 7: Business Update (M&A)
01. Business Performance Financial Results FY23 Business Update (M&A) Acquired 100% of Acquired the Food Mundogeo Eventos & beverage trade Acquired the Food e Consultoria Acquired 51% of shows from Acquired 51% of & Jewelry trade Empresarial Ltda A&T S.r.l. Montgomery Asia Palakiss S.r.l. shows from
Slide 8: Business Update March 2024
01. Business Performance Financial Results FY23 Business Update March 2024 Strategic Plan 2023-2028 ESG 1H-24 Organized The BoD approved the Strategic IEG has decided to integrate IEG’s Events Plan 2023-2028, which was ESG Strategy into the Strategic Plan Booking vs Target updated to take into accou
Slide 9: Financial Performance
Section 02 Financial Performance Martina Malorni Investor Relator 1. Business Performance 2. Financial Performance
Slide 10: FY23 Income Statement
02. Financial Performance Financial Results FY23 FY23 Income Statement FY 2023 % FY 2022 % Var. % Revenues Revenues 212.4 160.4 52.0 +32.4% At 212,4 M€, +32.4% vs FY 2022 driven mainly by organic growth (+35.5M€) and ‘Restart’ from pandemic (+14.1 M€), Operating costs (121.6) -57.3% (106.5) -66.4% (
Slide 11: FY23 vs FY22 EBITDA bridge
02. Financial Performance Financial Results FY23 FY23 vs FY22 EBITDA bridge Adj.EBITDA Margin: 23.3% 1.6 (2.3) 49.5 (1.4) 0.6 (0.1) 23.7 Adj.EBITDA Margin: 11.3% 9.4 18.1 FY22 EBITDA Restart Organic Perimeter Calendar Structure IFRS16 FX FY23 EBITDA 11
Slide 12: FY23 Balance Sheet
02. Financial Performance Financial Results FY23 FY23 Balance Sheet Dec-2023 Dec-2022 Change % Total Fixed Assets 259.2 253.8 5.4 2.1% Trade receivables 31.0 30.0 1.0 3.2% % on 12m rolling sales 14.6% 18.6% -4.0 pp Inventories 0.8 0.9 (0.0) -0.9% Net Invested Capital % on 12m rolling sales 0.4% 0.5%
Slide 13: FY23 vs FY22 NFP bridge
02. Financial Performance Financial Results FY23 FY23 vs FY22 NFP bridge Monetary NFP +23.4 M€ FCF 38.7 M€ (28.7) (58.8) 4.7 (10.4) (3.3) (4.1) (1.0) (0.4) (11.6) 49.5 -71.9 -95.4 FY22 EBITDA ∆ WC Capex M&A Net Financials Taxes Treasury ∆ Non FY23 Investments Shares Monetary Buy Back Itemes (IFRS 16
Slide 14: Outlook
02. Financial Performance Financial Results FY23 Outlook FY 2023 FY 2024E Target 2028 Revenues 212.4 €M 234/239 €M CAGR: 9% ~ 323 €M 2023 – 2028 ADJ. EBITDA 49.5 €M 56/58 €M ~ 90 €M Margin 23.3% 24% CAGR: 13% 28% 2023 – 2028 NFP 71.9 €M 66/70 €M ~ 3 €M The Strategic Plan envisages growth in all the
Slide 15: 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 16: Contact
Contact Email investor.relations@iegexpo.it Phone +39 0541744452 Next events April 29TH, 2024 Shareholders Meeting May 15TH, 2024 Approval of Periodic Financial information at March 31st, 2024 August 8TH, 2024 Approval of Half-Year Financial report at June 30th, 2024 November 14TH, 2024 Approval of
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