Italian Exhibition Group Spa · MIL:IEG

Italian Exhibition Group Spa — Q1 2026 Earnings Presentation

15 slides from Italian Exhibition Group Spa's earnings presentation, May 14, 2026

  1. Slide 1: Financial Results 1Q26

    Rimini, May 14th, 2026 Analyst Call Financial Results 1Q26

  2. Slide 2: Agenda

    Financial Results IQ26 Agenda Agenda Chapter Business 1 Performance Chapter Financial 2 Performance Chapter 3 Chapter 4 Chapter 5

  3. Slide 3: Business Performance

    Business Performance Corrado Peraboni

  4. Slide 4: 1Q26 Highlights

    1. Business Performance Financial Results 1Q26 Overperformance of organised 1Q26 Highlights events vs prior year, volume and price driven 105 M€ 39.5 M€ 89.2 M€ 22.8 M€ REVENUES Adj EBITDA NFP NET RESULT + 2,1% YoY + 3,6% YoY FCF: +13,7 M€ +6,0% YoY ~ 400 k ~ 220 k ~6k 10 Visitors* Net SQM* Exhibito

  5. Slide 5: 1Q26 Revenues by Line of Business

    1. Business Performance Financial Results 1Q26 1Q26 Revenues by Line of Business Number of Events 1Q26 1Q25 Δ% 1Q26 1%1% Organised Events 78,1 74.9 +4% #48 3% #43 0 21% Services 22 20.8 +6% 0 19 27 Congress 3.6 5.5 -35% 6 Hosted Events 0.6 0.4 +43% 5 74% +2 on core business 18 16 Publishing, Sport &

  6. Slide 6: Business Update

    1. Business Performance Financial Results 1Q26 1Q26 Business Update DOMESTIC EVENTS OTHER EVENTS HELD IN 1Q26 1,300 exhibiting brands ( 40% international brands). 560 foreign buyers from 65 countries. 72° 60% international visitors. ed. 1,300 exhibiting brands (+ 33% international growth). 47° 500 f

  7. Slide 7: 1Q26 Corporate update

    1. Business Performance Financial Results 1Q26 1Q26 Corporate update March 2026: Chief Corporate Officer Mr Carlo Costa has assumed the role of CFO, while Financial Reporting, M&A and Compliance Manager Ms Lucia Cicognani has been appointed the new Manager responsible for preparing the financial doc

  8. Slide 8: Financial Performance

    Financial Performance Carlo Costa

  9. Slide 9: 1Q26 P&L vs 1Q25

    2. Financial Performance Financial Results 1Q26 1Q26 P&L vs 1Q25 Revenues 1Q26 % 1Q25 % Var. % At 105.0 M€, up 2.1% vs 1Q25 thanks to an organic growth, of Revenues 105,0 102,8 2,2 2,1% 4.0 M€, related to volumes on organised events and price Operating costs (51,0) -48,6% (51,3) -49,8% 0,2 (0,4%) co

  10. Slide 10: 1Q26 vs 1Q25 Adj EBITDA bridge

    2. Financial Performance Financial Results 1Q26 1Q26 vs 1Q25 Adj EBITDA bridge Adj.EBITDA Adj.EBITDA Adj.EBITDA Margin: Margin: Margin: 37,6% 37.1% 38.2% ( 1,6 ) 3,9 - (0.0) ( 0,9 ) 0,3 ( 0,4 ) 40,5 39,5 38.2 1Q25 EBITDA Organic Structure FX 1Q26 EBITDA Quarter Calendar Calendar Perimeter 1Q26 EBITD

  11. Slide 11: 1Q26 Balance Sheet

    2. Financial Performance Financial Results 1Q26 1Q26 Balance Sheet Change 31-mar-26 31-dic-2025 Change % Total Fixed Assets 341,0 325,1 15,9 4,9% Net Invested Capital Trade receivables 42,3 44,8 (2,4) -5,5% % on 12m rolling sales 15,8% 17,0% -1% Fixed Assets at 341 M€ increasing by 15,9 M€ due mainl

  12. Slide 12: 1Q26 vs FY25 NFP and Cash Flow

    2. Financial Performance Financial Results 1Q26 1Q26 vs FY25 NFP and Cash Flow FCF +13.7 M€ Monetary NFP +9.3 M€ Adj. FCF +22.0 M€ (25.5) (34.8) 14,9M€ Total Investments (1.9) (0.6) (11.1) 39.5 (10.7) (4.2) (1.5) 0.0 0.0 (8.3) (90.4) (89.2) 31 Dec Adj Lease Net M&A ∆ WC Dividends Treasury ∆ Not 31 M

  13. Slide 13: Outlook FY26

    2. Financial Performance Financial Results 1Q26 Outlook FY26 FY 2025 FY 2026E Lfl* 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 enviro

  14. Slide 14: Next Events Contact

    Next Events Contact August 6TH, 2026 Email investor.relations@iegexpo.it Approval of Half-Year Interim Report as of June 30th, 2026 Phone +39 0541744452 November 12TH, 2026 Approval of Consolidated Interim Report as of September 30th, 2026

  15. 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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