Italian Exhibition Group Spa · MIL:IEG
Italian Exhibition Group Spa — TP ICAP Midcap Conference 2025
30 slides from Italian Exhibition Group Spa's conference presentation, May 2025
Slide 1: Investor Presentation - TP ICAP Midcap Conference
Investor Presentation TP ICAP Midcap Conference
Slide 2: Agenda
Agenda 01. IEG at a Glance 02. IEG’s Ambition and Strategic Plan 03. ESG Strategy 04. Key Financials
Slide 3: IEG at a Glance
Section 01 IEG at a Glance 1. IEG at a Glance 2. IEG’s Ambition and Strategic Plan 3. ESG Strategy 4. Key Financials
Slide 4: Key Figures
01. IEG at a Glance Investor Presentation Key Figures 1st 70 Italian exhibition player for directly-organised events years of history 250 M€ 66 M€ 62 M€ 33 M€ REVENUES NFP NET RESULT EBITDA + 17,7% YoY - 13,4% YoY > 100% + 33,1% YoY > 900 k > 455 k > 13 k > 10 Visitors** Net SQM** Exhibitors** Count
Slide 5: IEG Global footprint
01. IEG at a Glance Investor Presentation IEG Global footprint GERMANY Munich CANADA Calgary CHINA USA UAE Shenzen / New York Dubai Chengdu MEXICO León SAUDI ARABIA Ryhad SINGAPORE OFFICES EVENTS & TRADE FAIRS Singapore JOINT VENTURE BRASIL San Paulo With its events, platforms for incoming buyers an
Slide 6: Geographic positioning in Italy
01. IEG at a Glance Investor Presentation Geographic positioning in Italy VICENZA TRADE SHOW DISTRICT * VICENZA CONVENTION CENTRE * Extended and upgraded in 2014, with the Opened in 2014 construction of Hall 7 Vicenza Hosts capacity: 1,200 Milan 80,000 sqm surface area Includes the Palladio Theatre,
Slide 7: A sustainable and unique business model
01. IEG at a Glance Investor Presentation A sustainable and unique business model BUSINESS CONNECTION Enabling commerce Networking Marketplace Engagement INDUSTRY EVOLUTION EDUCATION Advocacy C-suite forum for shaping the industry Catalyst for all stakeholders Content facilitation aggregation, curat
Slide 8: A wide range of offer: lines of business
01. IEG at a Glance Investor Presentation A wide range of offer: lines of business 62% 26% 8% 4% ORGANIZED FOOD AND CONGRESS HOSTED EVENTS, EVENTS STAND FITTING AND M.I.C.E. PUBLISHING AND SPORT % of 2024 Revenues 8
Slide 9: FY24 Revenues by Line of Business
01. Business Performance Investor Presentation FY24 Revenues by Line of Business Number of Events FY24 2%2% #187 8% FY24 FY23 Δ% #182 Organized Events 154.6 122.1 +27% 6 6 26% 62% Services 65.3 62.7 +4% 119 126 Congress 20.8 19.2 +8% Hosted Events 3.7 4.5 -19% 14 10 FY23 2%2% Publishing, Sport & Oth
Slide 10: IEG Core Portfolio
01. IEG at a Glance Investor Presentation IEG Core Portfolio Every trade show, every IEG product is a Brand that serves as a year-round active platform, both physical and digital, that catalyzes the industry community, supports its development, and fosters its growth. 10
Slide 11: IEG served Industry
01. IEG at a Glance Investor Presentation IEG served Industry FOOD & JEWELLERY GREEN & WELLNESS TOURISM & LEISURE & INDUSTRIAL BEVERAGE & FASHION TECHNOLOGY & OUTDOOR HOSPITALITY ENTERTAINMENT Italy RoW 11
Slide 12: IEG's Ambition and Strategic Plan
Section 02 IEG’s Ambition and Strategic Plan 1. IEG at a Glance 2. IEG’s Ambition and Strategic Plan 3. ESG Strategy 4. Key Financials
Slide 13: Strategic Plan 2023–28: create solid basis for stronger future growth
02. IEG’s Ambition and Strategic Plan Investor Presentation Strategic Plan 2023–28: create solid basis for stronger future growth 03. VALUE CREATION Develop new line of business based on value 02. added service at higher marginality; CONSOLIDATION OF Increase operating margin for Service Division; I
Slide 14: Investment Plan 2023-28
02. IEG’s Ambition and Strategic Plan Investor Presentation Investment Plan 2023-28 01 MAINTENANCE 33 €M Maintenance capex to refresh venues, event & congress. 02 EXPANSION – EXHIBITION CENTERS 172 €M 125 €M Expansion’s investments mainly involve the expansion/renovation of the Rimini and Vicenza ex
Slide 15: Investments evolution and financing
02. IEG’s Ambition and Strategic Plan Investor Presentation Investments evolution and financing 23% 12% 12% 8% 8% 56.1 3% Total Investments 5,2 172 €M 34.2 35.4 5,0 5,5 50,9 17.9 18.4 30,4 6,8 12,7 28,7 10.6 Self-financing External financing 4,9 11,1 5,7 5,7 70% 30% 2023 2024 2025 2026 2027 2028 Mai
Slide 16: Focus on expansion investment: Vicenza Expo Centre
02. IEG’s Ambition and Strategic Plan Investor Presentation Focus on expansion investment: Vicenza Expo Centre STRENGTHENING T-Gold: expansion of January edition with introduction ~59 €M OF INVESTMENT THE JEWELRY DIVISION of new companies and growth of high-potential segments. Launch of T-Gold Septe
Slide 17: Focus on expansion investment: Rimini Expo Centre
02. IEG’s Ambition and Strategic Plan Investor Presentation Focus on expansion investment: Rimini Expo Centre SUPPORT THE The main events organized in the Rimini district (SIGEP, Ecomondo ~60 €M OF INVESTMENT GROWTH OF EXISTING EVENTS and TTG) have demonstrated significant growth over the years, rea
Slide 18: Expansion investment
02. IEG’s Ambition and Strategic Plan Investor Presentation Expansion investment Venues investment on the Rimini district Venues investment on the Vicenza district 18
Slide 19: Focus on expansion investment: IEG Journey to Digital Transformation
02. IEG’s Ambition and Strategic Plan Investor Presentation Focus on expansion investment: IEG Journey to Digital Transformation Our Community Catalyst ambition based on Customer centricity strengthened by a reliable Digital ecosystem is aimed at creating an exceptional and continuous customer exper
Slide 20: Focus on expansion investment: M&A
02. IEG’s Ambition and Strategic Plan Investor Presentation Focus on expansion investment: M&A M&A Achieved 2022-2023 Strategic Plan 2023-2028 Partnership with Acquired the Acquired the food Agreement Deutsche Messe & beverage trade signed to acquire remaining 50% for North and shows from 51% of Ven
Slide 21: ESG Strategy
Section 03 ESG Strategy 1. IEG at a Glance 2. IEG’s Ambition and Strategic Plan 3. ESG Strategy 4. Key Financials
Slide 22: Our commitment to a more sustainable future
03. ESG strategy Investor Presentation Our commitment to a more sustainable future Main ESG achievements in 2024 in execution of our ESG Strategy ENVIRONMENT SOCIAL GOVERNANCE Scope 1 and Scope 2 Composition of employes Composition of corporate bodies Scope 1 Scope 2 Employes diversity Training hour
Slide 23: Key Financials
Section 03 Key Financials 1. IEG at a Glance 2. IEG’s Ambition and Strategic Plan 3. ESG Strategy 4. Key Financials
Slide 24: 1Q25 P&L vs 1Q24
02. Financial Performance Financial Results 1Q25 1Q25 P&L vs 1Q24 Revenues 1Q 25 % 1Q 24 % Var. % At 102.8 M€, +15.7% vs 1Q24 mainly thanks to organic Revenues 102,8 88,9 14,0 15,7% growth by 11.1M€ driven by volumes on organized events core portfolio (SIGEP, KEY). Strong Operating costs (51,3) -49,
Slide 25: 1Q25 vs 1Q24 EBITDA bridge
02. Financial Performance Financial Results FY24 1Q25 vs 1Q24 EBITDA bridge Adj.EBITDA Margin: Adj.EBITDA 37.1% Margin: 38.6% 0,7 (0,2) 1,0 (2,4) 4,7 0,0 38.2 34.3 1Q24 EBITDA Organic Perimeter Calendar Quarter Calendar Structure FX 1Q25 EBITDA Adj Shift Adj 25
Slide 26: 1Q25 Balance Sheet vs FY24
02. Financial Performance Financial Results 1Q25 1Q25 Balance Sheet vs FY24 Q1 25 FY 24 Change % Net Invested Capital Fixed Assets at 285.6 M€ in line with FY24. Total Fixed Assets 285,6 285,2 0,3 0,1% Investment continues according to Capex Plan . Trade receivables 31,5 36,8 (5,3) -14,4% Inventorie
Slide 27: 1Q25 vs FY24 NFP and Cash Flow
02. Financial Performance Financial Results 1Q25 1Q25 vs FY24 NFP and Cash Flow (13.5) (16,5) (48,7) 38,2 (34,9) (54,7) (1,1) (2,5) (0,8) (7,9) (62.2) (71.2) M&A Net Dividends Taxes Treasury 31 Dec Adj ∆ WC Capex ∆ Not Monetary 31 Mar Investments Financials Shares 2024 EBITDA Items 2025 Buy Back Mon
Slide 28: Outlook FY25
02. Financial Performance Financial Results 1Q25 Outlook FY25 FY 2024 FY 2025 Guidance Target 2028 Revenues 250 €M 253/258 €M LfL ~ 323 €M ADJ. EBITDA 65.9 €M 65/67 €M LfL ~ 90 €M Margin 26.4% 25,7% - 26,1% 28% NFP 62.2 €M 72/65 €M LfL ~ 3 €M FY 2025 Guidance Based on Q1-2025 ongoing performance and
Slide 29: Disclaimer
Disclaimer This presentation is being shown to you solely for your information and may not be reproduced, distributed to any other person or published, in whole or in part, for any purpose. The information in this presentation could include forward looking statements which are based on current expec
Slide 30: Contact Next events
Contact Email investor.relations@iegexpo.it Phone +39 0541744452 Next events May 15 TH, 2025 TP ICAP Midcap Conference, Paris May 21TH, 2025 Intermonte | Northern MidCap Event, Virtual August 7 TH, 2025 Half-Year Financial report as of June 30th, 2025 November 13TH, 2025 Interim Financial informatio
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