Italian Exhibition Group Spa · MIL:IEG
Italian Exhibition Group Spa — FY2022 Earnings Presentation
21 slides from Italian Exhibition Group Spa's earnings presentation, Mar 16, 2023
Slide 1: Conference Call March 16th, 2023
Conference Call March 16th, 2023
Slide 2: Agenda
Agenda FY22 Business Performance FY22 Financial Performance FY23 Outlook 2
Slide 3: Business – Corrado Peraboni (CEO)
| Ge. Business oN N Corrado Peraboni (CEO)
Slide 4: FY22 – Results Highlights
FY22 Business Performance FY22 – RESULTS HIGHLIGHTS FY22 - Solid performance of portfolio products FY 2022 Results ✓ 90% Revenue recovery of pre-COVID levels for the full year REVENUES Adj. EBITDA Adj. EBIT NET RESULT ✓ Net Financial Position of 95,4 M€ after solid cash generation (19,6 M€) €161,9 €
Slide 5: A Faster Pace of Recovery
FY22 Business Performance A FASTER PACE OF RECOVERY Number of Trade Market high satisfaction: Near full recovery of Strong momentum into Exhibitions held in 2022 NPS way above Global pre-pandemic revenues 1H23 industry benchmark +19 90% 51 103,4% 2022 Revenues on 2019 Visitors NPS > 2019 +31 113% Bo
Slide 6: FY22 Business Segments Performance 161,9 M€
FY22 Business Performance FY22 BUSINESS SEGMENTS PERFORMANCE 2022 Revenues by line of Business Number of Events Organized events 54% 8 Food, Stand Fitting and 32% 122 3 161,9 M€ FY22 Revenue cleaning Congresses 9% 10 71 8 33 31 Hosted events 2% 2022 2021 Publishing, sport and other 3% Organized Even
Slide 7: Portfolio Development
FY22 Business Performance PORTFOLIO DEVELOPMENT GREEN FOOD WELLNESS JEWELLERY TOURISM & TECHNOLOGY & BEVERAGE & SPORTS & FASHION & HOSPITALITY Market -leading event New 2023 Geo - clone New New 2022 2022 New New 2023 Product Expansion 2023 New 2022 New 2023 New 2023 Spin-off 7
Slide 8: FY22 M&A Expansion
FY22 Business Performance FY22 M&A EXPANSION IEG China IEG Asia Acquired in May 2022 Setup in July 2022 – Acquired in October 2022 – Acquired in October 2022 Set up in October – 75% of the company 100% IEG SpA purchase of the remaining – 50% IEG SpA 2022 – 100% IEG SpA 50% of the company The company
Slide 9: Progressing ESG Strategy Across Business
FY22 Business Performance PROGRESSING ESG STRATEGY ACROSS BUSINESS CERTIFICATION PLAN THE ROAD TO NET ZERO ARCHITECTURE FOR DIGITAL SOCIAL CARBON EVENTS THE SUSTAINABLE TRANSFORMATION SUSTAINABILITY ECONOMY United Nations Sustainable Development Goals IEG among the first companies Ecomondo introduce
Slide 10: Finance – Teresa Schiavina (CFO)
Finance Teresa Schiavina (CFO)
Slide 11: FY22 Income Statement
FY22 Financial Performance FY 22 INCOME STATEMENT 2022 2021 Change % Revenues Revenues 161,9 102,5 59,4 +58,0% ✓ +58,0% vs 2021 driven mainly by organic growth (+26,5 Operating costs (108,0) (53,9) (54,1) >100% M€) and ‘Restart’ (+53 ,4 M€) Contribution Margin 53,9 48,6 5,3 +10,9% ✓ Q4 exceeding pre
Slide 12: FY22 Revenue Bridge
FY22 Financial Performance FY22 REVENUE BRIDGE 62 12 M€
Slide 13: FY22 EBITDA Bridge
FY22 Financial Performance FY22 EBITDA BRIDGE Adj.EBITDA Margin: +11.2% 62 Adj.EBITDA Margin: -5.6% 13 M€
Slide 14: FY22 Balance Sheet
FY22 Financial Performance FY22 BALANCE SHEET 2022 2021 Change Total Fixed Assets 253,6 246,8 6,8 Net Invested Capital Trade receivables 30,0 23,1 6,9 ✓ At 189,5 M€ decrease by 9,5 M€ driven by % on 12m rolling sales 18,6% 22,6% -4,0 pp NWC ✓ Fixed Assets increase due to investments, Inventories 0,9
Slide 15: FY22 NFP Bridge
FY22 Financial Performance FY22 NFP BRIDGE +10,3 M€ FCF +19,6 M€ (69,6) (58,8) +10,8M€ 62 15 M€
Slide 16: FY23 Outlook
FY23 Outlook FY23 OUTLOOK The forecasted macroeconomic scenario for 2023 is marked by uncertainty. The lingering inflationary pressure and the consequent tight monetary policies, as well as the global geo-political tensions caused by the still ongoing conflict between Russia and Ukraine, play their
Slide 17: Q&A
Slide 18: Appendix
Providing the future ITALIAN EXHIBITION GROUP
Slide 19: Alternative Performance Indicators (API) Reconciliation
FY22 Financial Performance ALTERNATIVE PERFORMANCE INDICATORS (API) RECONCILIATION 2022 2021 Change Adjusted EBITDA 18,1 (5,7) 23,8 Revenues 0,7 28,5 (27,8) Operating Costs (2,9) (0,8) (2,1) Personnel 0,0 (0,3) 0,3 62 Non Recurring Items (2,2) 27,3 (29,6) EBITDA 15,8 21,6 (5,8) Adjusted EBIT 2,3 (21
Slide 20: Disclaimer and investor relations contact
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 expectations and
Slide 21: Providing the future
Providing the future ITALIAN EXHIBITION GROUP
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