Slide 1: FY 2016 Consolidated Results
www.fieramilano.it FY 2016 Consolidated Results Fiera Milano Group Conference Call – 13 March 2016 1
Slide 2: Contents
Contents 2
Slide 3: FY 2016 highlights
FY 2016 highlights 2016 results mainly reflected a less favourable Italian exhibition calendar compared to the previous year Net exhibition space occupied in Italy: 1,285,600 square metres; exhibitions organised abroad occupied 367,700 square metres Consolidated revenues of Euro 221.0 million (E
Slide 4: Main achievements in Italy 1/2
Main achievements in Italy 1/2 ¾ As part of the Group strategy to strengthen the portfolio of proprietary exhibitions, on 23 March 2016 the Company acquired the trademark Promotion Trade Exhibition, an annual international exhibition of promotional items, corporate gifts and technologies for the p
Slide 5: Main achievements in Italy 2/2
Main achievements in Italy 2/2 ¾ The 2017 exhibition calendar includes nine new exhibitions Lamiera, the leading biennial exhibition for metal sheet plant and equipment MAM, Art and Antiques EXPO Ferroviaria, Italy’s showcase for railway technology, products and systems M&MT, the broadest ov
Slide 6: Main achievements abroad
Main achievements abroad ¾ The Group carried out a strategic repositioning of its business outside Italy with a primary focus on the product while investments in corporate assets have become of secondary importance ¾ On 4 November 2016, the Board of Directors of the Company approved the sale of the
Slide 7: Administration order
Administration order On 6 July 2016, the Milan Court – Prevention Court Independent Section issued, under Article 34 of Legislative Decree 159/2011 (anti-organised crime laws and prevention measures), an administration order for the subsidiary Nolostand, operating in the stand-fitting sector, rega
Slide 8: Shareholders’ Meetings
Shareholders’ Meetings Extraordinary and Ordinary Shareholders’ Meetings have been convened on 21 April 2017 Extraordinary proceedings The controlling shareholder Fondazione Fiera Milano has requested the approval of amendments to some of the Articles of Association The amendments aim to stren
Slide 9: Contents
Contents 9
Slide 10: Italian exhibition calendar
Italian exhibition calendar Net sq. metres of exhibition space Exhibitions FY16 FY15 FY14 Annual exhibitions Directly organised 175,655 187,255 178,165 Organised by 3rd parties 805,030 752,005 716,345 Total annual exhibitions 980,685 939,260 894,510 Biennial exhibitions Directly organised - 275,395
Slide 11: Italian exhibitions
Italian exhibitions Italian exhibitions FY16 FY15 Revenues (€'000) 173,421 277,310 Gross operating result (€'000) -3,092 31,931 % on revenues -1.8% 11.5% Net operating result (€'000) -15,234 18,204 % on revenues -8.8% 6.6% The 2016 decrease in revenues reflected the trend in exhibition space occup
Slide 12: Foreign exhibition calendar
Foreign exhibition calendar Net sq. metres of exhibition space Exhibitions FY16 FY15 FY14 Annual exhibitions China 297,655 311,680 282,915 India 14,180 17,780 20,550 Brazil 10,400 19,555 30,620 South Africa 11,870 11,595 11,425 Thailand 1,360 2,500 2,500 Sri Lanka 1,000 1,800 - USA 505 800 - Turkey*
Slide 13: Foreign exhibitions
Foreign exhibitions FY16 FY15 Foreign exhibitions restated* Revenues (€'000) 6,830 6,945 Gross operating result (€'000) 1,781 -1,236 % on revenues 26.1% -17.8% Net operating result (€'000) -4,507 -9,809 % on revenues -66.0% -141.2% * Some figures in the Consolidated Financial Statements at 31 Decemb
Slide 14: Stand-fitting services
Stand-fitting services Stand-fitting services FY16 FY15 Revenues (€'000) 38,295 55,890 Gross operating result (€'000) 3,033 7,197 % on revenues 7.9% 12.9% Net operating result (€'000) 493 5,221 % on revenues 1.3% 9.3% The trends in revenues and gross operating result were due to the less favourabl
Slide 15: Media
Media Media FY16 FY15 Revenues (€'000) 11,051 13,376 Gross operating result (€'000) 376 821 % on revenues 3.4% 6.1% Net operating result (€'000) -4,103 -2,138 % on revenues -37.1% -16.0% The decline in 2016 revenues was due to lower sponsorship revenues, lower print advertising revenues and a decr
Slide 16: Congresses
Congresses Congresses FY16 FY15 Revenues (€'000) 30,672 37,446 Gross operating result (€'000) 2,274 4,626 % on revenues 7.4% 12.4% Net operating result (€'000) 1,133 1,764 % on revenues 3.7% 4.7% 2016 revenues decreased because of the absence of the non-recurring management activities of the Expo
Slide 17: Consolidated Income Statement
Consolidated Income Statement FY16 FY15 FY14 Consolidated Income Statement (€'000) restated* restated* Revenues 221,041 335,172 240,067 Gross operating result 3,652 43,538 (147) Margin (%) 1.7% 13.0% -0.1% Net operating result (EBIT) (22,994) 13,397 (18,620) Margin (%) -10.4% 4.0% -7.8% Profit/(loss
Slide 18: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position Consolidated Statement of Financial Position (€'000) 31/12/16 31/12/15 31/12/14 Non-current assets 160,882 182,302 204,730 Net working capital (46,527) (64,884) (44,135) Gross capital employed 114,355 117,418 160,595 Non-current liabilities 16,409 19,724
Slide 19: Consolidated Net Financial Position
Consolidated Net Financial Position Consolidated Net Financial Position (€'000) 31/12/16 31/12/15 Cash (including bank balances) 20,904 56,092 Other cash equivalents - - Securities held for trading - - Cash and cash equivalents 20,904 56,092 Current financial assets 2,622 - Current bank borrowings 1
Slide 20: Contents
Contents 20
Slide 21: Business outlook
Business outlook The improvement in the reference economic environment was confirmed by the exhibitions held in Italy in the first part of the current financial year, which provided decidedly encouraging signals in terms of both exhibitors and visitors: the exhibitions in the fashion accessories s
Slide 22: Forward-Looking Statements
Forward-Looking Statements Data and information herewith set forth are extracted from the Fiera Milano Press Release issued on 10 March 2017 filed with Italian authorities regulating exchanges and securities and disseminated concomitantly with this presentation. This document has been prepared by Fi
Slide 23: Fiera Milano SpA
Fiera Milano SpA 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 23