Fiera Milano Spa · MIL:FM
Fiera Milano Spa — Equita SIM presentation, 19 January 2016
18 slides from Fiera Milano Spa's conference presentation, Jan 19, 2016
Slide 1: Fiera Milano Group
Fiera Milano Group EQUITA SIM - 19 January 2016
Slide 2: 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 3: 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 4: Group structure
Group structure ITALIAN % revenues EXHIBITIONS 2014FY Rent of space and related services to exhibition organisers 63,9% Direct organisation of exhibitions FOREIGN EXHIBITIONS 6,7% Direct organisation of exhibitions CONGRESSES Management of conventions and 13,3% congresses, as well as destination
Slide 5: 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 6: 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 7: 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 8: 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 8
Slide 9: 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 10: 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 11: 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 12: 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 13: Share capital increase
Share capital increase Issue of a maximum of no. 31,126,821 ordinary shares offered to existing shareholders at Offer size Euro 2.245 per share, in the ratio of no. 3 new shares every no. 4 shares held, for a maximum total value of Euro 69,879,713 Results of the At the end of the offer period (30 No
Slide 14: Shareholder structure
Shareholder structure CCIAA Milano 6,65% Treasury Shares 0,90% Market Float 28,80% Ente Autonomo Fiera Internazionale di Milano 63,65% Fondazione Fiera Milano is a non-profit private law foundation, whose corporate mission is the development of the exhibition sector in Italy and abroad As at 18 Dece
Slide 15: Strategy: Business Plan 2015-2018
Strategy: Business Plan 2015-2018 Strengthen leadership in directly organised exhibitions with high potential also through acquisitions Build a portfolio Acquisitions of exhibitions already organised by third parties in Fiera Milano’s of leading exhibitions exhibitions sites Reduce the seasona
Slide 16: 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 17: Forward-Looking Statements
Forward-Looking Statements This document has been prepared by Fiera Milano SpA solely for information purposes and for use in presentations of the Group. The information contained herein has not been independently verified. No representation or warranty, express or implied, is made as to, and no rel
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
Fiera Milano — Equita SIM presentation, 19 January 2016 on 6ix