Fiera Milano Spa · MIL:FM

Fiera Milano Spa — Q3 2015 Earnings Presentation

18 slides from Fiera Milano Spa's earnings presentation, Oct 26, 2015

  1. Slide 1: 3rd Quarter 2015 Consolidated Results

    www.fieramilano.it 3rd Quarter 2015 Consolidated Results Fiera Milano Group Conference Call – 26 October 2015 1

  2. Slide 2: Contents

    Contents 2

  3. Slide 3: 3rd quarter 2015 highlights

    3rd quarter 2015 highlights ƒ The 3rd quarter covers what is structurally a weak period for Fiera Milano and the exhibition business due to the absence of activity in the summer months in Italy ƒ Occupied net exhibition space of 309,805 square metres (53% from directly organised events) of which 97,

  4. Slide 4: Contents

    Contents 4

  5. Slide 5: Italian exhibition calendar

    Italian exhibition calendar Net sq. metres of exhibition space Exhibitions 3Q15 3Q14 Annual exhibitions Directly organised 66,415 60,445 Organised by 3rd parties 139,175 140,960 Total annual exhibitions 205,590 201,405 Biennial exhibitions Organised by 3rd parties 1,130 - Total biennial exhibitions

  6. Slide 6: Italian exhibitions

    Italian exhibitions Italian exhibitions 3Q15 3Q14 9M15 9M14 Revenues (€'000) 35,866 34,017 184,589 146,971 Gross operating result (€'000) -9,167 -5,851 11,013 -3,240 % on revenues -25.6% -17.2% 6.0% -2.2% Net operating result (€'000) -10,539 -7,273 4,682 -7,402 % on revenues -29.4% -21.4% 2.5% -5.0%

  7. Slide 7: Foreign exhibition calendar

    Foreign exhibition calendar Net sq. metres of exhibition space Exhibitions 3Q15 3Q14 Annual exhibitions China 88,015 79,265 South Africa 3,360 3,300 Thailand 3,000 - Brazil 1,905 5,095 Turkey - 7,945 Total annual exhibitions 96,280 95,605 Biennial exhibitions Brazil 1,510 13,845 Total biennial exhib

  8. Slide 8: Foreign exhibitions

    Foreign exhibitions 3Q15 3Q14 9M15 9M14 Foreign exhibitions restated* restated* Revenues (€'000) 1,746 3,778 5,743 8,975 Gross operating result (€'000) -835 17 -1,836 -1,200 % on revenues -47.8% 0.4% -32.0% -13.4% Net operating result (€'000) -888 -198 -9,271 -1,891 % on revenues -50.9% -5.2% -161.4

  9. Slide 9: Stand-fitting services

    Stand-fitting services Stand-fitting services 3Q15 3Q14 9M15 9M14 Revenues (€'000) 7,943 7,249 43,159 28,735 Gross operating result (€'000) 261 629 5,160 2,670 % on revenues 3.3% 8.7% 12.0% 9.3% Net operating result (€'000) -175 335 4,654 1,540 % on revenues -2.2% 4.6% 10.8% 5.4% ƒ The third quarter

  10. Slide 10: Media

    Media Media 3Q15 3Q14 9M15 9M14 Revenues (€'000) 2,591 2,395 9,337 8,936 Gross operating result (€'000) -230 -272 -20 -24 % on revenues -8.9% -11.4% -0.2% -0.3% Net operating result (€'000) -329 -494 -249 -634 % on revenues -12.7% -20.6% -2.7% -7.1% ƒ The improvement in both the quarter under review

  11. Slide 11: Congresses

    Congresses Congresses 3Q15 3Q14 9M15 9M14 Revenues (€'000) 7,285 12,357 25,694 27,248 Gross operating result (€'000) 425 3,342 2,860 4,917 % on revenues 5.8% 27.0% 11.1% 18.0% Net operating result (€'000) -282 2,419 807 2,957 % on revenues -3.9% 19.6% 3.1% 10.9% ƒ The third quarter decrease in reven

  12. Slide 12: Income Statement

    Income Statement 3Q15 3Q14 9M15 9M14 Consolidated Income Statement (€'000) restated* restated* Revenues 46,848 51,939 228,380 189,535 Gross operating result -9,536 -2,132 17,179 3,173 Gross operating margin (%) -20.4% -4.1% 7.5% 1.7% Net operating result (EBIT) -12,217 -5,236 557 -5,446 Net operatin

  13. Slide 13: Statement of Financial Position

    Statement of Financial Position 30/09/15 31/12/14 Consolidated Statement of Financial Position (€'000) before tax after tax Non-current assets 187,747 204,730 Net working capital -73,397 -44,135 Gross capital employed 114,350 160,595 Non-current liabilities 18,186 19,240 Net capital employed from co

  14. Slide 14: Net Financial Position

    Net Financial Position 31/12/14 Consolidated Net Financial Position (€'000) 30/09/15 30/06/15 12,276 Cash (including bank balances) 19,893 17,190 - Other cash equivalents - - - Securities held for trading - - 12,276 Cash & cash equivalents 19,893 17,190 - Current financial assets - - 62,908 Current

  15. Slide 15: Contents

    Contents 15

  16. Slide 16: Business outlook

    Business outlook ƒ The results of the third quarter 2015 were in line with expectations. Current forecasts for the final part of the year are for a continuation in Italy of the positive trend of the first nine months mainly because of the important exhibitions that are in the calendar (these include

  17. Slide 17: Forward-Looking Statements

    Forward-Looking Statements Data and information herewith set forth are extracted from Fiera Milano press release related to Consolidated Interim Management Report to 30 September 2015 filed with Italian authorities regulating exchanges and securities and disseminated concomitantly with this presenta

  18. Slide 18: 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 18

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