Italian Exhibition Group Spa · MIL:IEG
Italian Exhibition Group Spa — FY2025 Earnings Presentation
17 slides from Italian Exhibition Group Spa's earnings presentation, Mar 19, 2026
Slide 1: Financial Results FY25
Rimini, March 19th, 2026 Analyst Call Financial Results FY25
Slide 2: Agenda
Financial Results FY25 Agenda Agenda Chapter Business 1 Performance Chapter Financial 2 Performance Chapter 3 Chapter 4 Chapter 5
Slide 3: Business Performance
Business Performance Corrado Peraboni
Slide 4: 2025 Highlights
1. Business Performance Financial Results FY25 Growth driven by organised events 2025 Highlights and M&A fully offsets the biennial effect 266 M€ 71 M€ 90.4 M€ 43.6 M€ REVENUES Adj EBITDA NFP PRE-TAX RESULT + 6,6% YoY + 7,9% YoY -5% 2025 preclosing +7,9% YoY ~ 960 k ~ 460 k > 13.5 k > 10 Visitors**
Slide 5: FY25 Revenues by Line of Business
1. Business Performance Financial Results FY25 FY25 Revenues by Line of Business Number of Events FY25 FY24 Δ% #182 FY25 #176 2%2% Organized Events 163.3 154.3 +6% 6 4 9% Services 69.8 65.3 +7% 103 119 26% Congress 23.9 20.8 +15% 61% Hosted Events 4.1 3.7 +11% 15 +6 on core 14 business Publishing, S
Slide 6: 4Q25 Business Update
1. Business Performance Financial Results FY25 4Q25 Business Update DOMESTIC EVENTS INTERNATIONAL EVENTS 2,700 exhibiting brands. 400 exhibiting brands. +3% total visitation vs previous edition. +15% total visitation vs previous edition. 1,000 foreign buyers from 75 countries. 4° ed. + 10% of square
Slide 7: Continuous portfolio and business development
1. Business Performance Financial Results FY25 Continuous portfolio and business development NEW LAUNCHES 2025 M&A 2025 Step up to Acquisition • 51% 100% • 51% 100% • 51% 100% • 35% NEW LAUNCHES 2026 New updates are coming soon… = Services = Congress - All the others are new Exhibitions 7
Slide 8: FY25 Corporate update
1. Business Performance Financial Results FY25 FY25 Corporate update On 3 February 2026, the Board of Directors of Italian Exhibition Group S.p.A. approved the 2025-2030 Strategic Plan, which updates and extends the previous 2023-2028 Plan, confirming its main strategic guidelines. Proposed to share
Slide 9: FY25 Sustainability update
1. Business Performance Financial Results FY25 FY25 Sustainability update EXECUTION OF OUR ESG STRATEGY MAIN CSR FY25 RESULTS o the Board of Directors of Italian Exhibition Group S.p.A. approved the o Scope 1: 2.125,71 tonCo2eq (+24% vs FY24) 2025-2030 ESG Strategy, which updates and extends the pre
Slide 10: Financial Performance
Financial Performance Carlo Costa
Slide 11: FY25 P&L vs FY24
2. Financial Performance Financial Results FY25 FY25 P&L vs FY24 FY25 % FY24 % Var. % Revenues Revenues 266.4 249.8 16.6 6.6% At 266.4 M€, +6.6% vs FY24 mainly organic growth for Operating costs (143.9) -54.0% (137.4) -55.0% (6.6) 4.8% 16.6M€ driven by volumes on organized events and pricing. Contri
Slide 12: FY25 vs FY24 Adj EBITDA bridge
2. Financial Performance Financial Results FY25 FY25 vs FY24 Adj EBITDA bridge Adj.EBITDA Adj.EBITDA Adj.EBITDA Margin: Margin: Margin: 26.9% 26.6% 26.3% (2.8) (0.0) 8.6 (4.6) 4.0 65.7 71.6 70.9 FY24 EBITDA Structure FY25 EBITDA Calendar Perimeter FY25 EBITDA Organic FX Adj Adj LfL Adj 12
Slide 13: FY25 Balance Sheet
2. Financial Performance Financial Results FY25 FY25 Balance Sheet Change FY25 FY 24 Change % Net Invested Capital Total Fixed Assets 325.0 286.2 38.8 13.5% Fixed Assets at 325 M€ increasing by 38,8 M€ due to 41,4 M€ Capex primarily expansion investments by 23.2 M€ Trade receivables 44.8 36.8 7.9 21
Slide 14: FY25 vs FY24 NFP and Cash Flow
2. Financial Performance Financial Results FY25 FY25 vs FY24 NFP and Cash Flow FCF -4.5 M€ Monetary NFP -21.3 M€ (7.5) Adj. FCF +26.3 M€ (3.8) (13.5) (13.7) (34.8) 70.9 (41.5) (10.5) (4.3) (62.2) (4.6) (6.1) 0.0 52M€ (7.1) Total Investments (90.4) Adj Lease Net Taxes Capex M&A ∆ WC ∆ Equity & Divide
Slide 15: Outlook FY25, FY26E and Target 2030
2. Financial Performance Financial Results FY25 Outlook FY25 FY 2025 FY 2026E TARGET 2030 REVENUES 266.4 €M 290/295 €M 360/365 €M ADJ. EBITDA Margin 70.9 €M 77/80 €M 100/105 €M 26.6% 26% - 27% 28%-29% NFP 90.4 €M 70-77 €M -44 €M (cash positive) Guidance The macroeconomic and geopolitical environment
Slide 16: Next Events Contact
Next Events Contact April 29TH, 2026 Email investor.relations@iegexpo.it Shareholders Meeting for the approval of Annual Financial Report as of December 31st, 2025 Phone +39 0541744452 May 14TH, 2026 Approval of Consolidated Interim Report as of March 31st, 2026 August 8TH, 2026 Approval of Half-Yea
Slide 17: 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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