Italian Exhibition Group Spa · MIL:IEG
Italian Exhibition Group Spa — FY2024 Earnings Presentation
17 slides from Italian Exhibition Group Spa's earnings presentation, Mar 27, 2025
Slide 1: Financial Results FY24 Analyst Call
March 27th, 2025 Financial Results FY24 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: 2024 Highlights
01. Business Performance Financial Results FY24 2024 Highlights Delivered on our Strategy of Growth and Value exceeding targets 250 M€ 66 M€ 62 M€ 32,5 M€ REVENUES NFP NET RESULT EBITDA + 17,7% YoY - 13,4% YoY > 100% + 33,1% YoY > 900 k > 455 k > 13 k > 10 Visitors** Net SQM** Exhibitors** Countries
Slide 5: FY24 Revenues by Line of Business
01. Business Performance Financial Results FY24 FY24 Revenues by Line of Business Number of Events FY24 2%2% #187 8% FY24 FY23 Δ% #182 Organized Events 154.6 122.1 +27% 6 6 26% 62% Services 65.3 62.7 +4% 119 126 Congress 20.8 19.2 +8% Hosted Events 3.7 4.5 -19% 14 10 FY23 2%2% Publishing, Sport & Ot
Slide 6: 4Q24 Business Update
01. Business Performance Financial Results FY24 4Q24 Business Update MAJOR INTERNATIONAL EVENTS HELD IN ITALY OTHER EVENTS HELD IN ITALY IN 4Q 2,700 exhibiting brands; + 9% total attendance compared to the prior year edition (+ 15% foreign attendance); 1,000 foreign buyers from 75 countries and 66 f
Slide 7: Strategy Update
01. Business Performance Financial Results FY24 Strategy Update EXECUTION STRATEGIC PLAN "Phase 2" of the Vicenza Expo Centre’s expansion and construction is ongoing and in line with schedule, expected completion Q3-2026; Installation of 2 Temporary Hall (3,500 sqm) in the Rimini Expo Center to expa
Slide 8: Our commitment to a more sustainable future
01. Business Performance Financial Results FY24 Our commitment to a more sustainable future Main ESG achievements in 2024 in execution of our ESG Strategy ENVIRONMENT SOCIAL GOVERNANCE Scope 1 and Scope 2 Composition of employes Composition of corporate bodies Scope 1 Scope 2 Employes diversity Trai
Slide 9: Financial Performance
Section 02 Financial Performance Teresa Schiavina Group CFO 1. Business Performance 2. Financial Performance
Slide 10: FY24 P&L vs FY23
02. Financial Performance Financial Results FY24 FY24 P&L vs FY23 Revenues FY 2024 % FY 2023 % Var. % At 250.0 M€, +17.7% vs FY23 mainly organic growth Revenues 250,0 212,4 37,6 17,7% for 26.9M€ driven by volumes on organized events Operating costs (137,4) -54,9% (121,6) -57,3% -15,7 12,9% and prici
Slide 11: FY24 vs FY23 EBITDA bridge
02. Financial Performance Financial Results FY24 FY24 vs FY23 EBITDA bridge Adj.EBITDA Margin: Adj.EBITDA 26.4% Margin: 23.3% 3,7 -5.8 0,5 -0.0 18.2 65,9 32.3 FY23 EBITDA FY24 EBITDA Organic Perimeter Calendar Structure FX Adj Adj 11
Slide 12: 4Q24 P&L vs 4Q23
02. Financial Performance Financial Results FY24 4Q24 P&L vs 4Q23 4Q 24 % 4Q 23 % Var. % Revenues Revenues 70,7 62,7 7,9 12,7% At 70.7 M€, +12.7% vs 4Q23 mainly organic, driven Operating costs (34,7) -49,1% (34,7) -55,3% 0,0 0,0% both by volumes and price in a quarter with important Organized Events
Slide 13: FY24 Balance Sheet
02. Financial Performance Financial Results FY24 FY24 Balance Sheet Dec-24 Dec-23 Change % Total Fixed Assets 285,2 259,2 26,1 10,1% Net Invested Capital Trade receivables 36,8 31,0 5,8 18,9% Fixed Assets at 285.2 M€ increasing by 26.1 M€ due to 23,7 M€ Capex primarily expansion investments Inventor
Slide 14: FY24 vs FY23 NFP and Cash Flow
02. Financial Performance Financial Results FY24 FY24 vs FY23 NFP and Cash Flow Monetary NFP +15.2 M€ 8.9 (23.7) FCF +37.3 M€ (13,5) (28.7) (10.5) 65.9 (3.6) (4.3) (10.2) (28.9) (0.4) Adj. FCF +54.2 M€ (12.5) (62.2) (71.9) M&A Net Dividends Taxes Treasury 31 Dec Adj ∆ WC Capex ∆ Not Monetary 31 Dec
Slide 15: Outlook FY25
02. Financial Performance Financial Results FY24 Outlook FY25 FY 2024 FY 2025 Guidance Target 2028 Revenues 250 €M 253/258 €M LfL ~ 323 €M 257/262 €M ADJ. EBITDA 65.9 €M 65/67 €M LfL ~ 90 €M Margin 26.4% 25,7% - 26,1% 28% 66/68 €M 25,7% - 25,8% NFP 62.2 €M 72/65 €M LfL ~ 3 €M 77/70 €M FY 2025 Guidan
Slide 16: Contact and Next events
Contact Email investor.relations@iegexpo.it Phone +39 0541744452 Next events April 29TH, 2025 Shareholders Meeting May 13TH, 2025 Approval of Periodic Financial information as of March 31st, 2025 August 7 TH, 2025 Approval of Half-Year Financial report as of June 30th, 2025 November 13TH, 2025 Appro
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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