Fiera Milano Spa · MIL:FM
Fiera Milano Spa — Non-Deal Roadshow (December 2015)
18 slides from Fiera Milano Spa's roadshow presentation, December 2015
Slide 1: Roadshow presentation Fiera Milano Group
Roadshow presentation Fiera Milano Group December 2015
Slide 2: Disclaimer
Disclaimer This document does not constitute an offer to sell securities, nor a solicitation to make an offer to purchase or acquire any securities in Fiera Milano S.p.A. (Fiera Milano” or the “Company” or the “Group”) under Italian law and/or the law of any other jurisdiction. This communication do
Slide 3: Offer and timetable
Offer and timetable Rights issue of maximum 31,126,821 ordinary shares and a maximum of Euro 69,879,713 Offer size with pre-emption rights for shareholders of Fiera Milano ordinary shares Subscription 3 new ordinary shares for every 4 ordinary shares held ratio Subscription EUR 2.245 per share price
Slide 4: Fiera Milano in brief
Fiera Milano in brief Fiera Milano is the market leader in Italy and one of the world’s leading operators across the entire value chain of the exhibition industry Total gross exhibition space: Net exhibition space occupied: 388,000 sqm of which 1,634,425 sqm 345,000 sqm in the fieramilano site and o
Slide 5: Group structure
Group structure ITALIAN % revenues EXHIBITIONS 2014FY Rent of space and related services to exhibition organisers 63,9% Shareholder structure Direct organisation of exhibitions Fondazione FOREIGN CCIAA Milano EXHIBITIONS Cariplo Banca Popolare 6.36% 2.42% di Milano 6,7% 2.74% Direct organisation
Slide 6: A dynamic player in the worldwide exhibition market
A dynamic player in the worldwide exhibition market Fiera Milano First edition of In 1972 MACEF launches Fiera Milano Mostra Convegno (now called Tuttofood acquires Eight Expocomfort HOMI) Ipack-Ima entrepreneurs became biannual and organise the first Fiera Milano enters the supports exhibition in M
Slide 7: A global presence
A global presence In Russia since 2011 In Italy 2,600 sqm since 1920 In China 1,186,380 sqm since 2008 284,545 sqm In Singapore since 2013 1,120 sqm In Brazil since 2011 67,605 sqm In Thailand In India since 2013 In South Africa since 2008 2,500 sqm since 2012 20,550 sqm 11,425 sqm Figures refer to
Slide 8: The Italian market leader
The Italian market leader No. 1 exhibition entity in Italy in terms of gross indoor exhibition capacity The majority of Italian exhibitions are held in Fiera Milano’s sites Top exhibition sites in Italy (‘000 sqm) Top 10 exhibitions in Italy by net exhibition space (‘000 sqm, last edition prior 30 S
Slide 9: Strong position worldwide
Strong position worldwide 3rd largest exhibition entity worldwide in terms of gross indoor exhibition capacity (‘000 sqm) 463 367 345 340 284 262 243 242 240 231 Source: AUMA - January 2015 9
Slide 10: The global exhibition market is growing
The global exhibition market is growing The global exhibition market continues to recover following a period of shrinkage and stagnation in mature markets post- recession; it finally returned to pre-recession levels in 2014, which was also a strong year in markets, such as Germany and Italy that b
Slide 11: Integrated business model / Turn-key service
Integrated business model / Turn-key service In Italy, Fiera Milano hosts exhibitions and acts as a «facility manager» through the management of the exhibition sites, the supply of equipped show areas, and the offer of design support and correlated services to third party organisers; it also direc
Slide 12: Portfolio diversification with strong presence in attractive sectors
Portfolio diversification with strong presence in attractive sectors A well diversified portfolio of exhibitions, almost entirely B2B The Group is strong in dynamic markets (with sound growth expectations and where the “Made in Italy” label has appeal) The exposure to different sectors reduces
Slide 13: Financial overview – Income statement
Financial overview – Income statement The calendar of biennial and multi-year exhibitions creates fluctuations in annual and quarterly revenues +20% YoY mainly due to the more favourable exhibition calendar High visibility on revenues due to long-term contracts with organisers (Tuttofood, Plast
Slide 14: Financial overview – Statement of Financial Position
Financial overview – Statement of Financial Position The YoY decrease is mainly due to the fair value adjustments to goodwill and trademarks and to the divestment of the Turkish 31 Dec 2012 31 Dec 2013 subsidiary, partially offset (Euro '000) restated* restated* 31 Dec 2014 30 Sep 2015 by the acquis
Slide 15: Strategy: Business Plan 2015-2018
Strategy: Business Plan 2015-2018 Strengthen leadership in directly organised exhibitions with high potential (i.e. Build a portfolio HOST, TUTTOFOOD and HOMI) of leading exhibitions Attract leading Italian exhibitions with growth potential to Milan Expand the Consolidate the foreign exhibitio
Slide 16: Use of proceeds from the share capital increase
Use of proceeds from the share capital increase Strengthen the capital structure and reduce financial exposure Support the Group investment and development plan Reinforce the leadership position in directly organised exhibitions through acquisitions Acquisitions of exhibitions already organised by t
Slide 17: Closing remarks
Closing remarks A dynamic company in the worldwide exhibition market No.1 exhibition entity in Italy and No. 3 in the world Leading company in a growing market Integrated business model / Turn-key service Portfolio diversification Strong presence in attractive sectors Favourable cash management cycl
Slide 18: For further information, please contact
For further information, please contact: Gianna La Rana Investor Relations Manager Camilla Cusi Investor Relations Fiera Milano SpA Strada Statale del Sempione, 28 20017 Rho (Milano) - ITALY Tel: + 39 02 4997.7816/7911 E-mail: investor.relations@fieramilano.it www.fieramilano.it