Fiera Milano Spa · MIL:FM
Fiera Milano Spa — FY2024 Earnings Presentation
23 slides from Fiera Milano Spa's earnings presentation, Mar 12, 2025
Slide 1: Fiera Milano Results as of 31 December 2024
Fiera Milano Results as of 31 December 2024 A year of strong execution, exceeding expectations and setting the path for continued growth 12 March 2025
Slide 2: Today's Speakers
TODAY’S SPEAKERS FRANCESCO CONCI MASSIMO DE TULLIO VINCENZO CECERE Head of Investor Relations, CEO & General Manager Chief Financial Officer Sustainability & Management System > 20 years in Fiera Milano 6 years in Fiera Milano 3 years in Fiera Milano ▪ Relevant experience: ▪ Relevant experience: ▪ R
Slide 3: Agenda
AGENDA EXECUTIVE ESG 01 SUMMARY 04 ACHIEVEMENTS BUSINESS REVIEW Appendix 02 03 FINANCIAL REVIEW
Slide 4: Executive Summary
EXECUTIVE SUMMARY
Slide 5: Delivering strong performance in a seasonally weak period
DELIVERING STRONG PERFORMANCE IN A SEASONALLY WEAK PERIOD… ORGANIZED HOSTED CONGRESSES SERVICES STRONG LIKE-FOR-LIKE + 25% + 9% + 30% + 35% REVENUE GROWTH ACROSS ALL BUSINESS LINE REVENUES (€m) EBITDA (€m) NET INCOME (€m) NET CASH (€m) * -9,8 operations continuing -10,7 -13,6 29,0 19,1 -3,1m 283,8 2
Slide 6: Exceeding expectations
…EXCEEDING EXPECTATIONS… Revenues (€m) Ebitda (€m) Net Cash (€m) 110-120 106 81 REVENUES 320-340 97 78 284 74 84 AND EBITDA 247 280 273 68 220 BEYOND 58 47 IFRS 16 PRE-COVID LEVELS 122 30 24 74 32 10 -24 2018 2019 2020 2021 2022 2023 2024 2025 2018 2019 2020 2021 2022 2023 2024 2025 2018 2019 2020 2
Slide 7: Accelerating on 2024-2027 strategic plan execution
1.1 PORTFOLIO STRENGTHENING …AND Organized Hosted ACCELERATING ON 2024-2027 STRATEGIC PLAN 1.2 EXPANSION OF CONGRESSES Allianz-Mico expansion EXECUTION 1.3 BECOME AN INTEGRATED SERVICE PROVIDER M&A 1.4 DEVELOPING THE ENTERTAINMENT BUSINESS 7
Slide 8: Strong confidence in 2025 EBITDA guidance (€110-120M)
STRONG CONFIDENCE IN 2025 EBITDA GUIDANCE (€110-120M) New event Biennial BACKED BY A FAVORABLE ODD-YEAR CALENDAR AND NEW EVENTS Multi-year JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 8
Slide 9: Sustainability becoming an ever-growing competitive advantage
WITH SUSTAINABILITY BECOMING AN EVER-GROWING COMPETITIVE ADVANTAGE Improving ESG Rating New Employee Share Ownership Plan Anti-corruption certification ISO 37001 ESG Risk PAD Max Min Futuro 12.3 16.7 19.6 (2024) (2022) (2021) Reducing Environmental Impact Human Capital Development Increase Customer
Slide 10: Business Review
BUSINESS REVIEW
Slide 11: Snapshot of divisional results – legal entities view
SNAPSHOT OF DIVISIONAL RESULTS – LEGAL ENTITIES VIEW ▪ Revenue decrease of 10.3% due to a negative calendar effect (more details in the next slide) Δ Δ marked by the absence in 2024 of the biennial events Host and Tuttofood, as well as the multi- Italian Exhibition 2023 2024 (€) (%) year hosted even
Slide 12: Revenue growth contribution - business line view
REVENUE GROWTH CONTRIBUTION - BUSINESS LINE VIEW (-) CALENDAR EFFECT: € (62.9)m ▪ +38m presence of MCE (86k sqm), Transpotec (50k sqm), NME (11k sqm), Venditalia (13k sqm), Xylexpo (14k sqm), Bimu (24k sqm), CPHI (123k sqm), 2024 vs 2023 Simei (31k sqm) and Fruit Attraction in Brasil (3k sqm) • (100
Slide 13: Fiera Milano 2024 sqm growth champions
FIERA MILANO 2024 SQM GROWTH CHAMPIONS SELECTED ITALIAN EXHIBITIONS ORGANIZED SQM (k) SQM GROWTH % HOSTED SQM (k) SQM GROWTH % 2024/ last edition 2024/ last edition 34 36 120 127 +5% +7% 2023 2024 2023 2024 25 28 +12% 78 86 +11% 2023 2024 2022 2024 Spring + autumn editions 54 68 + 16 27 +70% +26% 20
Slide 14: Financial Review
FIERA MILANO FINANCIAL REVIEW
Slide 15: Income Statement
INCOME STATEMENT Δ Consolidated Income Statement (€m) 2023 2024 24/23 ▪ Revenues: go from Euro 283.8m in 2023 to Euro 273.2m in 2024, showing a decrease of Euro -10.7m. This 1 Revenues 283.8 273.2 -10.7 change is mainly due to: ▪ Positive performance effect of Euro 52.2m, corresponding to a like-for
Slide 16: Balance sheet, net working capital, net financial position and cash flow
BALANCE SHEET, NET WORKING CAPITAL, NET FINANCIAL POSITION AND CASH FLOW Δ Balance Sheet (€m) 2023 2024 24/23 ▪ Net Working Capital goes from Euro (98.2)m at 31/12/2023 to Euro (85.9)m at 31/12/2024. The change of Euro 12.2m 1 is mainly attributable to the increase in "Trade and other receivables" d
Slide 17: Guidance confirmed
GUIDANCE CONFIRMED In 2027 Fiera Milano expects to achieve: Millions of euros 2025 2026 2027 ▪ Revenues between Euro 355 and 375 million Revenues 320-340 305-325 355-375 ▪ An estimated EBITDA between Euro 120 and 130 million EBITDA 110-120 90-100 120-130 ▪ Over the 2024-2027 plan period, total inves
Slide 18: ESG Commitment
ESG COMMITMENT
Slide 19: ESG Scorecard
ESG SCORECARD Environment Social Governance As of 31/12/2024 Total CO2 emissions (tCO2eq) % Renewable sources used Employees Diversity Age Board independence Board diversity Gender 56% 672 40% > 50 years 30-50 years 43% Men 22% 78% 24,951 Independent Female Women 65% +5% vs 2023 44% < 30 years Male
Slide 20: Appendix: Exhibitions Details
APPENDIX 1 EXHIBITIONS DETAILS
Slide 21: Exhibitions and congresses in 2024
EXHIBITIONS AND CONGRESSES IN 2024 Manifestazioni Italia – metri Net square meters Net square meters quadrati Italian Exhibitions Foreign Exhibitions FY 2023 FY 2024 FY9M 2023 2022 FY 2024 9M 2023 Directly Organized - Bit (A) 16,165 17,225 China - Miart (A) 8,930 9,225 - CeMAT Asia Shanghai (A) 39,4
Slide 22: Thank you
Thank you CONTACTS: Investor relations: investor.relations@fieramilano.it Sustainability: sustainability@fieramilano.it Investor Relations https://investors.fieramilano.it/en Sustainability www.fieramilano.it/en/sustainability.html 2025 Exhibition Calendar www.fieramilano.it/en/calendario.html
Slide 23: Disclaimer
Disclaimer This presentation and any materials distributed in connection herewith (together, the “Presentation”) do not constitute or form a part of, and should not be construed as, an offer for sale or subscription of or solicitation of any offer to purchase or subscribe for any securities, and nei