Italian Exhibition Group Spa · MIL:IEG
Italian Exhibition Group Spa — H1 2026 Earnings Presentation
17 slides from Italian Exhibition Group Spa's earnings presentation, Aug 6, 2026
Slide 1: Analyst Call Financial Results 1H26
Rimini, August 6th, 2026 Analyst Call Financial Results 1H26
Slide 2: Agenda
Financial Results 1H26 Agenda Agenda Chapter Business 1 Performance Chapter Financial 2 Performance Chapter 3 3 Appendix Chapter Chapter 4 4 Chapter 5
Slide 3: Business Performance
Business Performance Corrado Peraboni
Slide 4: 1H26 Highlights
1. Business Performance Financial Results 1H26 Revenues growth on high profitable lines 1H26 Highlights drives to high margin performance. NFP peak due to seasonality, expansion capex (as expected) and growth in “Non Monetary” elements. 163 M€ 47.8 M€ 129.9 M€ 22.7 M€ REVENUES NFP Adj EBITDA NET RES
Slide 5: 1H26 Revenues by Line of Business
1. Business Performance Financial Results 1H26 1H26 Revenues by Line of Business Number of Events 1H26 1H25 Δ% 1H26 3% 1% #98 #99 Organised Events 101.2 86.9 +17% 7% 2 2 Services 43.8 42.2 +4% 55 59 27% Congress 11.7 14.2 -18% 62% Hosted Events 4.1 3.5 +16% 9 +3 on core 9 business 32 29 Publishing,
Slide 6: 2Q26 Business Update
1. Business Performance Financial Results 1H26 2Q26 Business Update MAIN EVENTS HELD IN ITALY MAIN EVENTS HELD ABROAD 400 exhibiting brands ( 40% international brands). 250 exhibiting brands. 190,000 sqm. +140% total visitation vs previous year +15% total visitation (+ 25% international visitors) vs
Slide 7: Continuous organic portfolio development
1. Business Performance Financial Results 1H26 Continuous organic portfolio development 2024 2025 2026 2027 2028 2029 2030 (O) (O) (O) (O) TBA (O) TBA (O) TBA (O) (O) (O) TBA (H) (O) (H) (O) (O) (H) (O) (H) (O) (O) (H) (O) = Organized Event (H) = Hosted Event 7
Slide 8: Financial Performance
Financial Performance Carlo Costa
Slide 9: 1H26 P&L vs 1H25
2. Financial Performance Financial Results 1H26 1H26 P&L vs 1H25 1H25 Revenues 1H26 % % Change % Restated At 162.8 M€, up 9.0% vs 1H25 thanks to an organic growth, of 6.9 M€, related to volumes on organised events and price Revenues 162,8 149,3 13,5 9,0% contribution, and 5.5 M€ in change of perimet
Slide 10: 1H26 vs 1H25 Adj EBITDA bridge
2. Financial Performance Financial Results 1H26 1H26 vs 1H25 Adj EBITDA bridge Adj.EBITDA Margin: 29.4% Adj.EBITDA Adj.EBITDA Margin: Margin: 26.2% 27.6% 3,6 ( 3,4 ) 0,1 1,3 7,0 0,0 47,8 42,8 39,2 1H25 EBITDA Organic Structure FX 1H26 EBITDA Quarter Calendar Calendar Perimeter 1H26 EBITDA Adj Adj Lf
Slide 11: 1H26 Balance Sheet
2. Financial Performance Financial Results 1H26 1H26 Balance Sheet Dec 31 Jun 30 Change 2025 Change 2026 % Restated Net Invested Capital Total Fixed Assets 357,1 326,5 30,5 9,4% Trade receivables 51,2 44,8 6,5 14,5% Fixed Assets at 357.1 M€ increasing by 30.5 M€ due % on 12m rolling sales 18,3% 17,0
Slide 12: 1H26 vs FY25 NFP and Cash Flow
2. Financial Performance Financial Results 1H26 1H26 vs FY25 NFP and Cash Flow Monetary NFP -39.5 M€ FCF -16.9 M€ (34.8) Adj. FCF +2,2 M€ (63,2) (3,0) (1,5) (11,3) (55.6) 47.8 (22,5) (5,3) (66.7) (26,4) (90.4) 27,8M€ (6,1) Total 0.0 (11,2) Investments (129.9) 31 Dec Adj Lease Net M&A ∆ WC Dividends
Slide 13: Outlook FY26
2. Financial Performance Financial Results 1H26 Outlook FY26 FY 2025 FY 2026E FY 2026E TARGET 2030 (previous guidance) (updated guidance 1H26) REVENUES 266.4 €M 290/295 €M 293/298 €M 360/365 €M ADJ. EBITDA Margin 70.9 €M 77/80 €M 80/83 €M 100/105 €M 26.6% 26% - 27% 27% - 28% 28%-29% NFP 90.4 €M 70-7
Slide 14: Appendix
Appendix
Slide 15: Organized events calendar (even year)
Appendix Calendar 2026 Organized events calendar (even year) Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. Italy Brasil Dubai USA Singapore Mexico 15
Slide 16: Next Events Contact
Next Events Contact November 12TH, 2026 Email Approval of Consolidated Interim Report as of September investor.relations@iegexpo.it 30th, 2026 Phone +39 0541744452
Slide 17: Disclaimer
Disclaimer This presentation contains certain forward-looking statements that reflect the Company’s management’s current views with respect to future events and financial and operational performance of the Company and its subsidiaries. These forward-looking statements are based on IEG S.p.A.’s curre
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