Fiera Milano Spa · MIL:FM
Fiera Milano Spa — FY2021 Earnings Presentation
21 slides from Fiera Milano Spa's earnings presentation, Mar 15, 2022
Slide 1: FY 2021 Consolidated Results
FIERA MILANO GROUP FY 2021 Consolidated Results CONFERENCE CALL – 15 March 2022
Slide 2: Contents
Contents 1. Highlights 2. Financial results 3. Events after the end of the year 4. Business outlook
Slide 3: Highlights
1.0 Highlights FIERA MILANO
Slide 4: Highlights (1/3)
1.1 30 trade fairs hosted with the presence of 9,695 exhibitors on Highlights (1/3) an exhibition area of 592,895 net square meters recording revenues of Euro130 million with EBITDA of Euro 77 million. EBITDA has also been affected by non-recurring grants of € 51.5 million which offset lower mar
Slide 5: Highlights (2/3)
1.1 Gastech – In September 2022, Fiera Milano will host Highlights (2/3) the 50th edition of Gastech, the world’s largest exhibition for the gas, LNG, hydrogen and energy industry, which takes place annually in different locations FIND: Design Fair Asia – Singapore Council and Singapore Tourism
Slide 6: Highlights (3/3)
1.1 Highlights (3/3) Fiera Milano has launched a new project to define its sustainability framework for the years of the CONN.E.C.T. 2025 plan. In July 2021 Fiera Milano obtained UNI ISO 20121:2013 certification for sustainable event management for the first time Fiera Milano has also embarked
Slide 7: Financial results
2.0 Financial results FIERA MILANO
Slide 8: Italian exhibitions
2.1 Exhibition space rented out ('000 net sq.m.) Italian 1534 0 Multi-year Biennial exhibitions 464 exhibitions Annual exhibitions 643 1,070 351 109 182 10 341 352 FY 2019 FY 2020 FY 2021 Main annual events: HOMI, HOMI F&J, Miart, Milano Games Week, EICMA moto, Milano Unica, The Micam, Supersalone
Slide 9: Italian exhibition business
2.2 Italian Italian Exhibition Business (€m) Revenues FY 2021 FY 2020 110.4 63.6 exhibition EBITDA % on revenues EBIT 61.4 56% 21.8 11.3 18% (28.1) business % on revenues 20% neg. Gross of adjustments for inter-segment transactions • The increase in revenues is due to the resumption of in-person exh
Slide 10: Foreign exhibition business
2.3 Foreign Foreign Exhibition Business (€m) FY 2021 FY 2020 Revenues 0.2 1.2 EBITDA 0.3 (0.8) exhibition % on revenues 175% neg. EBIT 0.1 (1.1) % on revenues 54% neg. business Gross of adjustments for inter-segment transactions • The contraction in revenues mainly reflected the effect of Covid-19 o
Slide 11: Congresses
2.4 Congresses Congresses (€m) Revenues FY 2021 FY 2020 23.0 5.7 EBITDA 15.4 (0.0) % on revenues 67% neg. EBIT 10.1 (5.0) % on revenues 44% neg. Gross of adjustments for inter-segment transactions • The increase in revenues is due to the resumption of in- person congresses starting from July. • Posi
Slide 12: Net financial position
2.5 Net financial position Consolidated Net Financial Position (€m) FY 2021 FY 2020 Cash & cash equivalents 148.3 20.4 Current financial assets 2.4 1.3 Current bank borrowings 0.0 49.0 Current portion of non-current debt 0.9 0.0 Other current financial liabilities 10.0 1.7 Current financial debt 10.
Slide 13: Events after the end of the year
3.0 Events after the end of the year
Slide 14: Events after the end of the year
3.1 Events after the end of the year • Changes to the calendar for Group-owned exhibitions including Bit (postponed from February to April), Transpotec Logitec (from January to May), Homi (from January to March), and also to hosted exhibitions such as Salone del Mobile (from April to June), Mido (fr
Slide 15: Business outlook
4.0 Business outlook FIERA MILANO
Slide 16: Business outlook
4.1 Business outlook • The public health situation is gradually improving, as infections from the Omicron variant flattened out at the end of January and are steadily declining. As a result, the main European countries have planned a easing of restrictions with the aim of a gradual return to normali
Slide 17: Forward-looking statement
Forward-looking statement Prospective investors are cautioned not to place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in many Data and information herewith set forth are extracted from the Fiera cases, b
Slide 18: For further information, please contact
For further information, please contact: Investor Relations and Sustainability Department Tel +39 02.4997.7816/7911 email: investor.relations@fieramilano.it Fiera Milano S.p.A. S.S. del Sempione 28 20017 Rho (Milano) - Italia www.fieramilano.it
Slide 19: BACK-UP
BACK-UP FIERA MILANO
Slide 20: Financial overview – Income Statement
Financial overview – Income Statement Consolidated Income Statement (€m) FY2021 FY 2020 Revenues 129.8 73.6 Cost of materials 1.7 1.6 Cost of services 74.3 45.5 Costs for use of 3rd-party assets 0.5 0.5 Personnel expenses 41.5 31.9 Other operating expenses 2.9 2.5 Total operating costs 121.0 81.9 Ot
Slide 21: Financial overview – Reclassified Statement of Financial Position
Financial overview – Reclassified Statement of Financial Position Reclassified Consolidated Statement of Financial Position (€m) FY 2021 FY 2020 Non-current assets 573.7 593.8 Net working capital (86.2) (35.4) Gross Capital Employed 487.4 558.4 Non-current liabilities 13.9 21.7 Total net Capital Emp