Fiera Milano Spa · MIL:FM
Fiera Milano Spa — Q2 2006 Earnings Presentation
14 slides from Fiera Milano Spa's earnings presentation, Feb 13, 2006
Slide 1: Fiera Milano 2nd Quarter 2006 Financial Results
Fiera Milano “2nd Quarter 2006 Financial Results” Conference Call - 13th February, 2006 www.fieramilano.it 1
Slide 2: Transition to IAS/IFRS - Disclaimer
Transition to IAS/IFRS - Disclaimer From July 1st 2005 Fiera Milano is required to prepare consolidated financial statements in accordance with International Financial Reporting Standards (IFRSs) issued by the International Accounting Standards Board (IASB) as endorsed by the European Commission (EC
Slide 3: Section 1 Financial Highlights (2Q06)
Section 1 Financial Highlights (2Q06) 3
Slide 4: 2Q06 Results - Highlights
2Q06 Results - Highlights From July 1st 2005 Fiera Milano is required to disclose consolidated financial statements in accordance with International Financial Reporting Standards (IFRSs) 2Q06 features very positive results, well up over 2Q05 due to the intensive exhibition activity, which amply offs
Slide 5: 2Q06 Consolidated Figures
2Q06 Consolidated Figures FY ends June 30th Profit & Loss (€'000) 2Q05 2Q06 Change (%) IFRS IFRS Net Consolidated Revenues 62,827 79,058 25.8% EBITDA 112 7,476 n.m. Ebitda margin (%) 0.2% 9.5% EBIT (2,570) 4,698 n.m. Ebit margin (%) -4.1% 5.9% Pre-tax profit/(loss) (2,256) 5,129 n.m. Pre-tax profit/
Slide 6: 2Q06 Financial Breakdown (rounded-off figures)
2Q06 Financial Breakdown (rounded-off figures) FY ends 2Q05 2Q06 Change (%) June 30th IFRS IFRS Total net sqm rented out 299,450 437,840 46.2% of which organised by 3rd parties 218,150 266,080 of which directly organised 81,300 171,760 Revenues (€'000) 62,827 79,058 25.8% VRS 28,172 38,522 VAS 26,39
Slide 7: Consolidated Balance Sheet
Consolidated Balance Sheet FY ends June 30th Balance Sheet (€'000) FY05 1Q06 2Q06 IFRS IFRS IFRS Non-current assets 167,337 174,984 187,414 Net working capital (43,408) (69,452) (87,702) Gross capital employed 123,929 105,532 99,712 Provisions (26,883) (26,974) (27,165) Net Capital employed 97,046 7
Slide 8: Net Financial Position
Net Financial Position FY ends June 30th Consolidated Net Financial Position (*) FY05 1Q06 2Q06 (€ '000) IFRS IFRS IFRS Cash and cash equivalents 12,434 45,712 26,329 Bank and other borrowings (25,963) (48,228) (30,432) Financial assets/(liabilities) vs.parent entity 440 397 584 Other current financ
Slide 9: Section 2 Financial Highlights (1H06)
Section 2 Financial Highlights (1H06) 9
Slide 10: 1H06 Key Consolidated Figures
1H06 Key Consolidated Figures FY ends June 30th Profit & Loss (€'000) 1H05 1H06 Change (%) IFRS IFRS Net Consolidated Revenues 108,190 130,190 20.3% EBITDA 984 3,094 n.m. Ebitda margin (%) 0.9% 2.4% EBIT (4,033) (2,453) n.m. Ebit margin (%) -3.7% -1.9% Pre-tax profit/(loss) (3,468) (1,826) n.m. Pre-
Slide 11: 1H06 Financial Breakdown (rounded-off figures)
1H06 Financial Breakdown (rounded-off figures) FY ends 1H05 1H06 Change (%) June 30th IFRS IFRS Total net sqm rented out 560,320 699,540 24.8% of which organised by 3rd parties 347,520 415,480 of which directly organised 212,800 284,060 Revenues (€'000) 108,190 130,190 20.3% VRS 52,902 63,310 VAS 37
Slide 12: Fiera Milano – 2Q06 Results BACK UP SLIDES
Fiera Milano – 2Q06 Results BACK UP SLIDES 12
Slide 13: Reconciliation of the consolidated income statement as at December 31th 2004
Reconciliation of the consolidated income statement as at December 31th 2004 (€ '000) 2nd Quarter 2nd Quarter at 31/12/04 Change at 31/12/04 Italian IFRS GAAP Revenues from sales and services 62,827 0 62,827 Cost of materials 6,163 (174) 5,989 Cost of services 36,255 132 36,387 Costs for the use of
Slide 14: For further information, please contact
For further information, please contact: IR Department Tel: + 39 02 4997.7816/7911 E-mail: investor.relations@fieramilano.it Forward-looking Statements This document has been prepared by Fiera Milano S.p.A. solely for information purposes and for use in presentations of the Group. The information co