Fiera Milano Spa · MIL:FM
Fiera Milano Spa — Q1 2014 Earnings Presentation
18 slides from Fiera Milano Spa's earnings presentation, May 13, 2014
Slide 1: 1st Quarter 2014 Consolidated Results
1st Quarter 2014 Consolidated Results FIERA MILANO GROUP Conference Call – 13 May 2014
Slide 2: Contents
\Y C O ntents
Slide 3: 1st quarter 2014 highlights
1st quarter 2014 highlights The quarterly results mainly reflect the more favourable exhibition calendar in Italy Net exhibition space of 514,285 square meters, in line with 1Q13 First edition of HOMI, the new Macef, and launch of the new format of BIT Revenues of Euro 74.8 million (20% year-on-year
Slide 4: Contents
\Y C O ntents
Slide 5: Italian exhibition calendar
Italian exhibition calendar Net sq. metres of exhibition space Exhibitions 1Q14 1Q13 Annual exhibitions Directly organised 104,415 117,105 Organised by 3rd parties 195,750 227,180 Total annual exhibitions 300,165 344,285 Biennial exhibitions Directly organised - 52,610 Organised by 3rd parties 125,3
Slide 6: Italian exhibitions
Italian exhibitions Italian exhibitions 1Q14 1Q13 Revenues (€'000) 65,772 51,651 Gross operating result (€'000) 5,407 -1,906 % on revenues 8.2% -3.7% Net operating result (€'000) 4,248 -1,354 % on revenues 6.5% -2.6% The increase in revenues mainly reflects the rise in exhibition space occupied The
Slide 7: Foreign exhibition calendar
Foreign exhibition calendar Net sq. metres of exhibition space Exhibitions 1Q14 1Q13 Annual exhibitions China 69,785 63,510 India 2,390 2,385 Turkey 9,975 9,315 South Africa 710 - Brazil 430 2,780 Total annual exhibitions 83,290 77,990 Biennial exhibitions China - 15,950 Singapore - 1,120 Total bien
Slide 8: Foreign exhibitions
Foreign exhibitions Foreign exhibitions 1Q14 1Q13 Revenues (€'000) 1,334 1,618 Gross operating result (€'000) 63 796 % on revenues 4.7% 49.2% Net operating result (€'000) -166 504 % on revenues -12.4% 31.1% Revenues mainly reflect the trend of exhibition space Margins were affected by the trend of r
Slide 9: Stand-fitting services
Stand-fitting services Stand-fitting services 1Q14 1Q13 Revenues (€'000) 12,938 9,892 Gross operating result (€'000) 2,181 900 % on revenues 16.9% 9.1% Net operating result (€'000) 1,716 687 % on revenues 13.3% 6.9% Revenues and gross operating result increased following higher volumes of stand-fitt
Slide 10: Media
Media Media 1Q14 1Q13 Revenues (€'000) 3,015 2,776 Gross operating result (€'000) -211 -250 % on revenues -7.0% -9.0% Net operating result (€'000) -413 -522 % on revenues -13.7% -18.8% Increase in revenues mainly from poster advertising linked to the positive exhibition calendar Margins affected by
Slide 11: Congresses
Congresses Congresses 1Q14 1Q13 Revenues (€'000) 5,585 4,235 Gross operating result (€'000) 229 -82 % on revenues 4.1% -1.9% Net operating result (€'000) -186 -459 % on revenues -3.3% -10.8% The increase of revenues was mainly due to important conventions hosted in the quarter, including Cisco Live
Slide 12: Income Statement
Income Statement Consolidated Income Statement (€'000) 1Q14 1Q13 Revenues 74,763 62,143 Gross operating result 7,712 -597 Gross operating margin (%) 10.3% -1.0% Net operating result (EBIT) 5,228 -1,198 Net operating margin (%) 7.0% -1.9% Profit/(loss) before income tax 3,925 -2,197 Profit/(loss) bef
Slide 13: Statement of Financial Position
Statement of Financial Position Consolidated Statement of Financial Position (€'000) 31/03/14 31/12/13 before tax after tax Non-current assets 209,453 209,402 Net working capital -30,117 -49,042 Gross capital employed 179,336 160,360 Non-current liabilities 24,120 24,035 Total net capital employed 1
Slide 14: Net Financial Position
Net Financial Position Consolidated Net Financial Position (€'000) 31/03/14 31/12/13 Cash (including bank balances) 17,288 19,754 Other cash equivalents - - Securities held for trading - - Cash & cash equivalents 17,288 19,754 Current financial assets - 324 Current bank borrowings 43,572 42,706 Curr
Slide 15: Contents
Contents 15
Slide 16: Business outlook
Business outlook The fragile macroeconomic climate in the Euro zone and the absence of significant signs of recovery in the exhibition sector, together with a less favourable exhibitions calendar in 2014 all contribute to cautious expectations for the coming months However, the ongoing weakness in i
Slide 17: Forward-Looking Statements
Forward-Looking Statements Data and information herewith set forth are extracted from Fiera Milano Consolidated Interim Management Report to 31 March 2014 filed with Italian authorities regulating exchanges and securities and disseminated concomitantly with this presentation. This document has been
Slide 18: For further information, please contact
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