Fiera Milano Spa · MIL:FM
Fiera Milano Spa — H1 2016 Earnings Presentation
20 slides from Fiera Milano Spa's earnings presentation, Jul 29, 2016
Slide 1: 1st Half 2016 Consolidated Results
www.fieramilano.it 1st Half 2016 Consolidated Results Fiera Milano Group Conference Call – 29 July 2016 1
Slide 2: Contents
Contents 2
Slide 3: 1st Half 2016 highlights
1st Half 2016 highlights First half results were in line with expectations but were affected by the less favourable exhibition calendar compared to 1H15 and by the absence of activities related to EXPO 2015 present in the same period of the previous year Net exhibition space occupied: 926,385 sq
Slide 4: Main events
Main events Î As part of the Group strategy to strengthen the portfolio of proprietary exhibitions, On 23 March 2016 it acquired the trademark Promotion Trade Exhibition, an annual international exhibition of promotional items, corporate gifts and technologies for the personalisation of such items
Slide 5: Contents
Contents 5
Slide 6: Italian exhibition calendar
Italian exhibition calendar Net sq. metres of exhibition space Exhibitions 1H16 1H15 Annual exhibitions Directly organised 114,265 117,720 Organised by 3rd parties 447,110 428,500 Total annual exhibitions 561,375 546,220 Biennial exhibitions Directly organised - 128,360 Organised by 3rd parties 216,
Slide 7: Italian exhibitions
Italian exhibitions 1H15 Italian exhibitions 1H16 restated* Revenues (€'000) 114,343 148,723 Gross operating result (€'000) 15,623 20,937 % on revenues 13.7% 14.1% Net operating result (€'000) 12,753 15,221 % on revenues 11.2% 10.2% * Some figures in the Consolidated Financial Statements at 30 June
Slide 8: Foreign exhibition calendar
Foreign exhibition calendar Net sq. metres of exhibition space Exhibitions 1H16 1H15 Annual exhibitions China 98,140 86,920 Brazil 10,400 17,650 South Africa 5,280 4,905 India 4,725 5,595 US 505 800 Turkey - 8,810 Total annual exhibitions 119,050 124,680 Biennial exhibitions China - 13,335 Singapore
Slide 9: Foreign exhibitions
Foreign exhibitions 1H16 1H15 Foreign exhibitions restated* Revenues (€'000) 2,127 3,997 Gross operating result (€'000) -381 -1,001 % on revenues -17.9% -25.0% Net operating result (€'000) -2,240 -8,383 % on revenues -105.3% -209.7% * Some figures in the Consolidated Financial Statements at 30 June
Slide 10: Stand-fitting services
Stand-fitting services 1H15 Stand-fitting services 1H16 restated* Revenues (€'000) 26,283 35,216 Gross operating result (€'000) 3,817 5,683 % on revenues 14.5% 16.1% Net operating result (€'000) 3,072 4,829 % on revenues 11.7% 13.7% * Some figures in the Consolidated Financial Statements at 30 June
Slide 11: Media
Media 1H15 Media 1H16 restated* Revenues (€'000) 5,908 6,746 Gross operating result (€'000) 267 383 % on revenues 4.5% 5.7% Net operating result (€'000) -650 80 % on revenues -11.0% 1.2% * Some figures in the Consolidated Financial Statements at 30 June 2015 have been restated following the differen
Slide 12: Congresses
Congresses 1H15 Congresses 1H16 restated* Revenues (€'000) 15,395 18,409 Gross operating result (€'000) 1,356 2,504 % on revenues 8.8% 13.6% Net operating result (€'000) 835 1,089 % on revenues 5.4% 5.9% * Some figures in the Consolidated Financial Statements at 30 June 2015 have been restated follo
Slide 13: Income Statement
Income Statement 1H16 1H15 Consolidated Income Statement (€'000) restated* Revenues 138,655 181,532 Gross operating result 20,682 28,498 Gross operating margin (%) 14.9% 15.7% Net operating result (EBIT) 13,743 12,774 Net operating margin (%) 9.9% 7.0% Profit/loss before income tax 13,657 10,624 Pro
Slide 14: Statement of Financial Position
Statement of Financial Position Consolidated Statement of Financial Position (€'000) 30/06/16 31/12/15 Non-current assets 174,578 182,302 Net working capital -29,485 -64,884 Gross capital employed 145,093 117,418 Non-current liabilities 18,726 19,724 Total net capital employed 126,367 97,694 Equity
Slide 15: Net Financial Position
Net Financial Position Consolidated Net Financial Position (€'000) 30/06/16 31/12/15 Cash (including bank balances) 14,870 56,092 Other cash equivalents - - Securities held for trading - - Cash & cash equivalents 14,870 56,092 Current financial assets 5,147 - Current bank borrowings 280 23,481 Curre
Slide 16: Contents
Contents 16
Slide 17: Business outlook
Business outlook The Group’s strategic priority remains to increase the share of revenues from directly organised exhibitions and to focus on increasing the attendance of international buyers and exhibitors Outside Italy, the Group intends to consolidate its exhibition portfolio through a select
Slide 18: Other information
Other information On 6 July 2016, the subsidiary Nolostand operating in the stand-fitting sector, received an Administration Order for the protection of its assets from the judicial administration of the Milan Tribunal under Article 34 of Legislative Decree 159/2011 (anti-organised crime laws and
Slide 19: Forward-Looking Statements
Forward-Looking Statements Data and information herewith set forth are extracted from Fiera Milano press release related to Consolidated Half-year Financial Report to 30 June 2016 filed with Italian authorities regulating exchanges and securities and disseminated concomitantly with this presentation
Slide 20: 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 20