Italian Exhibition Group Spa · MIL:IEG
Italian Exhibition Group Spa — Q1 2025 Earnings Presentation
15 slides from Italian Exhibition Group Spa's earnings presentation, May 13, 2025
Slide 1: Financial Results 1Q25 Analyst Call
May 13th, 2025 Financial Results 1Q25 Analyst Call
Slide 2: Agenda
Agenda 01. Corrado Peraboni Business Performance Group CEO 02. Teresa Schiavina Financial Performance Group CFO
Slide 3: Business Performance
Section 01 Business Performance Corrado Peraboni Group CEO 1. Business Performance 2. Financial Performance
Slide 4: 1Q25 Highlights
01. Business Performance Financial Results 1Q25 1Q25 Highlights Strategy execution investing in portfolio development 103 M€ 38 M€ 16 M€ 33 M€ REVENUES Adj EBITDA Monetary NFP Adj EBIT + 15,7% YoY + 11,2% YoY +10,9% YoY > 400 k > 190 k >5k > 10 Visitors** Net SQM** Exhibitors** Countries Worldwide +
Slide 5: 1Q25 Revenues by Line of Business
01. Business Performance Financial Results 1Q25 1Q25 Revenues by Line of Business Number of Events 1Q25 1% 5% 1Q25 1Q24 Δ% #48 #48 20% Organized Events 74.9 64.8 +16% Services 20.8 20.0 +4% 73% 27 27 Congress 5.5 2.9 +88% Hosted Events 0.4 0.5 -19% 5 5 16 16 1Q24 1% 1% Publishing, Sport & Others 1.2
Slide 6: 1Q25 Business Update
01. Business Performance Financial Results 1Q25 1Q25 Business Update DOMESTIC EVENTS 1,300 exhibiting brands. touched the international dimension record: foreign visitation – greater than that of Italians – reached the extraordinary participation number of 145 countries from all over the world. 1,30
Slide 7: 1Q25 Corporate Update: executing investment strategy
01. Business Performance Financial Results 1Q25 1Q25 Corporate Update: executing investment strategy M&A AND COMMERCIAL PARTNERSHIP On 28 February 2025 IEG acquired a 51% stake of Immaginazione S.r.l.: Company that operates in the graphics, design and construction of exhibition and congress fittings
Slide 8: Financial Performance
Section 02 Financial Performance Teresa Schiavina Group CFO 1. Business Performance 2. Financial Performance
Slide 9: 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 growth by 11.1M€ driven by volumes on organized Revenues 102,8 88,9 14,0 15,7% events core portfolio (SIGEP, KEY). Strong Operating costs (51,3) -49,
Slide 10: 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 1,0 (0,2) (2,4) 4,7 0,0 38.2 34.3 1Q24 EBITDA Organic Perimeter Calendar Quarter Calendar Structure FX 1Q25 EBITDA Adj Shift Adj 10
Slide 11: 1Q25 Balance Sheet vs FY24
02. Financial Performance Financial Results 1Q25 1Q25 Balance Sheet vs FY24 Q1 25 FY 24 Change % Net Invested Capital Total Fixed Assets 285,6 285,2 0,3 0,1% Fixed Assets at 285.6 M€ in line with FY24. Investment continues according to Capex Plan . Trade receivables 31,5 36,8 (5,3) -14,4% Inventorie
Slide 12: 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 13: 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 14: Contact Next events
Contact Email investor.relations@iegexpo.it Phone +39 0541744452 Next events May 15 TH, 2025 TP ICAP Midcap Conference, Paris May 21 TH, 2025 Intermonte | Northern MidCap Event, Virtual August 7 TH, 2025 Half-Year Financial report as of June 30th, 2025 November 13TH, 2025 Interim Financial informati
Slide 15: 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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