Italian Exhibition Group Spa · MIL:IEG
Italian Exhibition Group Spa — H1 2022 Earnings Presentation
9 slides from Italian Exhibition Group Spa's earnings presentation, Aug 29, 2022
Slide 1: 2022 H1 Results
2022 H1 RESULTS CONFERENCE CALL - Aug 29th, 2022
Slide 2: Highlights
Highlights KEY FINANCIALS (M€) 2Q22 2Q21 % change 1H22 1H21 % change Revenues 34,6 4,6 >100% 72,7 7,0 >100% EBITDA (3,6) (6,9) -48,0% 3,4 (14,1) >100% Adjusted EBITDA (1,3) (6,8) -80,9% 5,7 (13,6) >100% 72.7 M€ % Adj EBITDA Margin -4% <-100% 8% <-100% EBIT (8,7) (13,2) -34,0% (5,7) (24,6) -76,7% Adj
Slide 3: Focus on Revenues
Focus on Revenues REVENUES BY BUSINESS LINES (M€) % change change % change 2Q22 2Q21 change YoY 1H22 1H21 Change YoY YoY YoY Organic Restart Calendar Cancelled One- Off Organized Events 6,7 0,7 5,9 >100% 32,6 1,4 31,2 >100% 0,4 1,3% 30,9 98,8% 0,0 0,0% (0,0) (0,0%) 0,0 0,0% Hosted Events 3,1 0,8 2,3
Slide 4: Development - Strategic Actions Adopted
Strategic Actions Adopted Memorandum of understanding with Koelnmesse for a strategic partnership that projects Sigep both on world locations where editions of Anuga will be scheduled, both towards new potentially profitable markets for both the fairs. «Sigep China» will take place in Schenzen in co
Slide 5: Income Statement
Income Statement % % Income Statement (M€) 2Q22 2Q21 1H22 1H21 change change Strong reactivity of trade fair market, Revenues 34,6 4,6 >100% 72,7 7,0 >100% despite the stalemate of the first two Operating costs (28,7) (5,4) >100% (51,2) (10,4) >100% Personnel (9,5) (6,0) +56,9% (18,0) (10,7) +67,8%
Slide 6: Focus on EBITDA
Focus on EBITDA Covid contribution for FB (+0,7€M) net of depreciation Increase of EBITDA from of expansion project (2.9 €M) events that couldn’t take place in H1 2022 vs Bologna Project in H1 2021 or scheduled in the Costs in H1 2021 second half In H1 2021 +3,4€M of saving thanks to use of FIS Adju
Slide 7: Net Financial Position (M€)
Net Financial Position (M€) of which: Expansion: 3.6 €M (2.8€M Goodwill from Vgroup acquisition, 0.8€M new data center in the parent company and implemantation of software in subsidiaries) Maintenance: 1.7 €M «Operative» Change: -7.7 €M (of which 0.7€M for improvements in air «Monetary» «Monetary» c
Slide 8: Business Outlook - 4x4 Strategy
Business Outlook • Epidemiologycal emergency left behind: good levels of foreign exhibitors and visitors participation with the only except for those coming from China, where restrictions are still strong. • Great signals on next half events bookings with forecasting occupation of the spaces in line
Slide 9: 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
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