Italian Exhibition Group Spa · MIL:IEG
Italian Exhibition Group Spa — 9M 2025 Earnings Presentation
14 slides from Italian Exhibition Group Spa's earnings presentation, Nov 13, 2025
Slide 1: Financial Results 9M25 Analyst Call
November 13th, 2025 Financial Results 9M25 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: 9M25 Highlights
01. Business Performance Financial Results 9M25 9M25 Highlights Strategy execution developing Exhibition Portfolio 190.8 M€ 45.1 M€ 45.9 M€ 29.6 M€ REVENUES Adj EBITDA Monetary NFP Adj EBIT + 6.3% YoY +5.3% YoY -1.4% YoY > 720 k > 320 k > 9.7 k > 10 Visitors** Net SQM** Exhibitors** Countries Worldw
Slide 5: 9M25 Revenues by Line of Business
01. Business Performance Financial Results 9M25 9M25 Revenues by Line of Business Number of Events 9M25 2%2% 9% 9M25 9M24 Δ% #128 #134 Organized Events 111.3 103.6 +7.4% 5 29% 3 58% Services 54.9 54.9 +1.5% 77 86 Congress 17.7 14.7 +20.4% Hosted Events 3.5 3.4 +1.9% 9 11 9M24 2% 2% Publishing, Sport
Slide 6: 3Q25 Business Update
01. Business Performance Financial Results 9M25 3Q25 Business Update DOMESTIC EVENTS INTERNATIONAL EVENTS 1,200 exhibiting brands over 350 exhibiting brands +2% total visitation vs previous edition (130 foreign +37% total visitation vs previous edition countries represented) 20° + 28% of square metr
Slide 7: Financial Performance
Section 02 Financial Performance Teresa Schiavina Group CFO 1. Business Performance 2. Financial Performance
Slide 8: 9M25 P&L vs 9M24
02. Financial Performance Financial Results 9M25 9M25 P&L vs 9M24 9M25 % 9M24 % Var. % Revenues Revenues 190,8 179,4 11,4 6,3% Operating costs (106,8) -56,0% (102,7) -57,2% (4,1) 4,0% At 190.8M€, +6.3% vs 9M24 thanks to Contribution Margin 84,0 44,0% 76,7 42,8% 7,3 9,5% organic growth by 13,1M€ driv
Slide 9: 9M25 vs 9M24 EBITDA bridge
02. Financial Performance Financial Results 9M25 9M25 vs 9M24 EBITDA bridge 3.6 4.2 Adj.EBITDA Adj.EBITDA Margin: 5.1 23.6% Margin: 8.2 23.9% 0.0 45.1 42.8 9M24 EBITDA Organic Perimeter Calendar Quarter Calendar Structure FX 9M25 EBITDA Adj shift Adj 9
Slide 10: 9M25 Balance Sheet vs FY24
02. Financial Performance Financial Results 9M25 9M25 Balance Sheet vs FY24 Net Invested Capital 9M25 FY 24 Var. Var. % Fixed Assets at 306.8 M€, +20,6 M€ following Capex Total Fixed Assets 306,8 286,2 20,6 7,2% Plan ~15,8 M€ and M&A Investments with goodwill Trade receivables 46,6 36,8 9,8 26,5% re
Slide 11: 9M25 vs FY24 NFP and Cash Flow
02. Financial Performance Financial Results 9M25 9M25 vs FY24 NFP and Cash Flow -46,2 M€ 0,0 (13,5) (45.9) (30,8) (48,7) 45,1 (15,8) (62.2) (9,1) (3,2) (6,1) (62,5) (5,7) 0,0 (20,5) (108.3) M&A Net Dividends Taxes Treasury 31 Dec Adj ∆ WC Capex ∆ Not Monetary 9M2025 Investments Financials Shares 202
Slide 12: Outlook FY25
02. Financial Performance Financial Results 9M25 Outlook FY25 FY 2024 FY 2025 Improved Guidance Revenues 250 €M 260/262 €M ADJ. EBITDA 65.9 €M 69/71 €M Margin 26.4% 26.5% - 27.1% NFP 62.2 €M 77/70 €M The Strategic Plan update covering a 5 years period 2025-2030 is expected to be approved and present
Slide 13: Contact Next events
Contact Email investor.relations@iegexpo.it Phone +39 0541744452 Next events December 2ND, 2025 Mid & Small | Milan Conference March 19TH, 2026 Annual Financial report as at December 31st, 2025 April 29TH, 2026 Shareholders Meeting for the approval of Annual Financial Report as of December 31st, 202
Slide 14: 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
Italian Exhibition Group — 9M 2025 Earnings Presentation on 6ix