Fiera Milano Spa · MIL:FM
Fiera Milano Spa — Q1 2017 Earnings Presentation
18 slides from Fiera Milano Spa's earnings presentation, May 16, 2017
Slide 1: 1st Quarter 2017 Consolidated Results
www.fieramilano.it 1st Quarter 2017 Consolidated Results FIERA MILANO GROUP CONFERENCE CALL - 16 MAY 2017 1
Slide 2: Contents
Contents Highlights Financial result Business outlook 2 2
Slide 3: 1st Quarter 2017 Highlights
1st QUARTER 2017 HIGHLIGHTS • Positive quarterly results, in line with expectations, although below the results for the same period of 2016 which included the biennial exhibition Mostra Convegno Expocomfort • Net exhibition space occupied in Italy: 467,365 square metres (31% from directly organised
Slide 4: Contents
Contents Highlights Financial result Business outlook 4 4
Slide 5: Italian Exhibition Calendar
ITALIAN EXHIBITION CALENDAR Net sq. metres of exhibition space Exhibitions 1Q17 1Q16 Annual exhibitions Directly organised 88,045 93,525 Organised by 3rd parties 264,255 281,930 Total annual exhibitions 352,300 375,455 Biennial exhibitions Directly organised 56,765 - Organised by 3rd parties 53,060
Slide 6: Italian Exhibitions
ITALIAN EXHIBITIONS Italian exhibitions 1Q17 1Q16 Revenues (€'000) 58,216 68,019 Gross operating result (€'000) 7,902 14,889 % on revenues 13.6% 21.9% Net operating result (€'000) 6,614 13,595 % on revenues 11.4% 20.0% • The decline in revenues is attributable to the aforementioned absence of the ex
Slide 7: Foreign Exhibition Calendar
FOREIGN EXHIBITION CALENDAR Net sq. metres of exhibition space Exhibitions 1Q17 1Q16 Annual exhibitions China 80,180 73,250 South Africa 3,075 2,030 India 2,970 2,840 Total annual exhibitions 86,225 78,120 Total 86,225 78,120 • China: positive performance of Chinafloor Domotex Shanghai • South Afric
Slide 8: Foreign Exhibition
FOREIGN EXHIBITION 1Q16 1Q17 Foreign exhibitions restated* Revenues (€'000) 518 343 Gross operating result (€'000) 983 920 % on revenues 189.8% 268.2% Net operating result (€'000) 729 706 % on revenues 140.7% 205.8% * Some figures in the Consolidated Financial Statements at 31 March 2016 have been r
Slide 9: Stand-Fitting Services
STAND-FITTING SERVICES Stand-fitting services 1Q17 1Q16 Revenues (€'000) 9,811 15,378 Gross operating result (€'000) 561 2,990 % on revenues 5.7% 19.4% Net operating result (€'000) 122 2,604 % on revenues 1.2% 16.9% Lower revenues and margins mainly reflect the different exhibition calendar as well
Slide 10: Media
MEDIA Media 1Q17 1Q16 Revenues (€'000) 2,472 2,873 Gross operating result (€'000) -248 -43 % on revenues -10.0% -1.5% Net operating result (€'000) -371 -260 % on revenues -15.0% -9.0% The trend in revenues and gross operating result was mainly attributable to the different exhibition calendar and to
Slide 11: Congresses
CONGRESSES Congresses 1Q17 1Q16 Revenues (€'000) 5,706 4,231 Gross operating result (€'000) -379 -294 % on revenues -6.6% -6.9% Net operating result (€'000) -703 -540 % on revenues -12.3% -12.8% • Revenues increased mainly due to the positive trend of conventions and congresses • The gross operating
Slide 12: Income Statement
INCOME STATEMENT 1Q16 1Q17 Consolidated Income Statement (€'000) restated* Revenues 65,396 76,890 Gross operating result 8,819 18,427 Gross operating margin (%) 13.5% 24.0% Net operating result (EBIT) 6,375 16,058 Net operating margin (%) 9.7% 20.9% Profit/loss before income tax from continuing oper
Slide 13: Statement of Financial Position
STATEMENT OF FINANCIAL POSITION 31/03/17 31/12/16 Consolidated Statement of Financial Position (€'000) before tax after tax Non-current assets 162,234 160,882 Net working capital -67,855 -46,527 Gross capital employed 94,379 114,355 Non-current liabilities 15,223 16,409 Net capital employed continui
Slide 14: Net Financial Position
NET FINANCIAL POSITION Consolidated Net Financial Position (€'000) 31/03/17 31/12/16 Cash (including bank balances) 37,166 20,904 Other cash equivalents - - Securities held for trading - - Cash and cash equivalents 37,166 20,904 Current financial assets 2,632 2,622 Current bank borrowings 15,189 18,
Slide 15: Contents
Contents Highlights Financial result Business outlook 15 15
Slide 16: Business Outlook
BUSINESS OUTLOOK • The remainder of the financial year 2017 will reflect the benefits of the more favourable exhibition calendar when, amongst other events, the important directly organised biennial exhibitions Tuttofood and Host will take place • The exhibition calendar in the coming months of the
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 2017 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 Director Camilla Cusi Investor Relations Tel +39 02.4997.7816/7911 email: investor.relations@fieramilano.it Fiera Milano SpA S.S. del Sempione 28 20017 Rho (Milano) - Italia www.fieramilano.it