Italian Exhibition Group Spa · MIL:IEG
Italian Exhibition Group Spa — Q1 2024 Earnings Presentation
16 slides from Italian Exhibition Group Spa's earnings presentation, May 15, 2024
Slide 1: Financial Results 1Q24 Analyst Call
May 15th 2024 Financial Results 1Q24 Analyst Call
Slide 2: Agenda
Agenda 01. Corrado Peraboni Business Performance CEO 02. Martina Malorni Financial Performance Investor Relator
Slide 3: Business Performance
Section 01 Business Performance Corrado Peraboni CEO 1. Business Performance 2. Financial Performance
Slide 4: 1Q24 – results highlights
01. Business Performance Financial Results 1Q24 1Q24 – results highlights 1Q24 – Great results in a key quarter caracterized by the highest concentration of the major Organized events Revenues (+15.4% YoY) mainly in the core business line of 1Q 2024 Results Organized Events as confirm of the soundne
Slide 5: 1Q24 revenues by Business segments 88.9 M€
01. Business Performance Financial Results 1Q24 1Q24 revenues by Business segments 1Q24 Revenues by line of Business Number of Events #48 +4 #44 1 Organized Events 73% 27 25 88.9 M€ Services 22% 1Q24 Revenues 5 Congress 3% 3 16 15 Hosted Events 1% Publishing, Sport & Others 1% 1Q24 1Q23 Organized Ev
Slide 6: 1Q24 Business Update
01. Business Performance Financial Results 1Q24 1Q24 Business Update 70 years of the gold and jewelry event +3% more attendance than in 2023 1,300 exhibitors from 37 countries, 500 hosted buyers from 72 countries 45th edition, closed Visitors from over 160 countries, 1200 exhibiting brands from 35 n
Slide 7: 1Q24 Corporate Update
01. Business Performance Financial Results 1Q24 1Q24 Corporate Update Following the Shareholders' Meeting: The new Board of Directors has been appointed The Board of Statutory Auditors has been integrated The Control and Risk, Remuneration and Appointments and Sustainability Committees have been est
Slide 8: Strategic Plan 2023-2028: execution well on track
01. Business Performance Financial Results 1Q24 Strategic Plan 2023-2028: execution well on track Feb 2024 Apr 2024 May 2024 Wrecking works has New loan of 70 €M expiring in Early purchase of the minority started in Vicenza March 2032 aimed at share of FB International Inc., supporting the investmen
Slide 9: Financial Performance
Section 02 Financial Performance Martina Malorni Investor Relator 1. Business Performance 2. Financial Performance
Slide 10: 1Q24 Income Statement
02. Financial Performance Financial Results 1Q24 1Q24 Income Statement 1Q 2024 % 1Q 2023 % Var. % Revenues Revenues 88.9 77.0 11.9 +15.4% At 88,9 M€, +15.4% vs 1Q23 mainly organic (11M€ | 92% of change) due to the organic component generated by the Operating costs (43.9) -49.4% (41.7) -54.1% (2.2) +
Slide 11: 1Q24 vs 1Q23 EBITDA bridge
02. Financial Performance Financial Results 1Q24 1Q24 vs 1Q23 EBITDA bridge Adj.EBITDA Margin: 38.6% (2.3) 0.3 0.1 (0.2) 0.2 0.0 34,3 Adj.EBITDA 0.5 Margin: 32.1% 8.8 23.7 24.7 9.4 1Q23 EBITDA Organic Quarter Perimeter Calendar Structure IFRS16 FX 1Q24 EBITDA Adj Calender Adj Shift 11
Slide 12: 1Q24 Balance Sheet
02. Financial Performance Financial Results 1Q24 1Q24 Balance Sheet Mar-2024 Dec-2023 Change % Total Fixed Assets 258.0 259.2 (1.2) -0.4% Trade receivables 25.3 31.0 (5.7) -18.4% % on 12m rolling sales 11.9% 14.6% -2.7 pp Inventories 0.9 0.8 (0.0) 2.1% Net Invested Capital % on 12m rolling sales 0.4
Slide 13: 1Q24 vs FY23 NFP bridge
02. Financial Performance Financial Results 1Q24 1Q24 vs FY23 NFP bridge Monetary NFP +11,9 M€ FCF 13.2 M€ (17.3) (28.7) (18.1) 34.3 (2.2) 0.0 (0.8) 0.0 (0.4) (0.9) -60.0 -71.9 31 dic EBITDA ∆ WC Capex M&A Net Financials Taxes Treasury ∆ Non 31 mar 2023 Investments Shares Monetary Items 2024 Buy Bac
Slide 14: Outlook
02. Financial Performance Financial Results 1Q24 Outlook 1Q 2024 FY 2024E Target 2028 Revenues 88.9 €M 234/239 €M CAGR: 9% ~ 323 €M 2023 – 2028 ADJ. EBITDA 34.3 €M 56/58 €M ~ 90 €M Margin 38.6% 24% CAGR: 13% 28% 2023 – 2028 NFP 60.0 €M 66/70 €M ~ 3 €M The Strategic Plan envisages growth in all the m
Slide 15: 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 16: Contact Next events
Contact Email investor.relations@iegexpo.it Phone +39 0541744452 Next events August 8TH, 2024 Approval of Half-Year Financial report at June 30th, 2024 November 14TH, 2024 Approval of Periodic Financial information at September 30th, 2024
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