Fiera Milano Spa · MIL:FM
Fiera Milano Spa — Q3 2016 Earnings Presentation
20 slides from Fiera Milano Spa's earnings presentation, Nov 7, 2016
Slide 1: 3rd Quarter 2016 Consolidated Results
www.fieramilano.it 3rd Quarter 2016 Consolidated Results Fiera Milano Group Conference Call – 7 November 2016 1
Slide 2: Contents
Contents 2
Slide 3: 3rd Quarter 2016 highlights
3rd Quarter 2016 highlights The 3rd Quarter includes a structurally weak period for Fiera Milano and the exhibition business due to the absence of activity in Italy in the summer months Net exhibition space occupied in Italy: 214,695 square metres (27% from directly organised events). Exhibition
Slide 4: Main events
Main events As part of the strategy to strengthen the directly organised exhibitions, on 5 September 2016, Fiera Milano SpA and Ediser Srl, a service company belonging to the Associazione Italiana Editori (AIE), set up a company called La Fabbrica del Libro SpA: the two companies hold respective
Slide 5: Contents
Contents 5
Slide 6: Italian exhibition calendar
Italian exhibition calendar Net sq. metres of exhibition space Exhibitions 3Q16 3Q15 Annual exhibitions Directly organised 58,310 66,425 Organised by 3rd parties 147,550 139,130 Total annual exhibitions 205,860 205,555 Biennial exhibitions Organised by 3rd parties - 1,130 Total biennial exhibitions
Slide 7: Italian exhibitions
Italian exhibitions 3Q15 9M15 Italian exhibitions 3Q16 restated* 9M16 restated* Revenues (€'000) 31,733 35,866 146,076 184,589 Gross operating result (€'000) -6,575 -8,556 9,048 12,381 % on revenues -20.7% -23.9% 6.2% 6.7% Net operating result (€'000) -7,983 -10,539 4,770 4,682 % on revenues -25.2%
Slide 8: Foreign exhibition calendar
Foreign exhibition calendar Net sq. metres of exhibition space Exhibitions 3Q16 3Q15 Annual exhibitions China 81,190 88,285 South Africa 3,490 3,360 Thailand 2,750 2,500 India 1,340 - Brazil - 1,905 Total annual exhibitions 88,770 96,050 Biennial exhibitions Brazil 11,330 1,510 Total biennial exhibi
Slide 9: Foreign exhibitions
Foreign exhibitions 3Q16 3Q15 9M16 9M15 Foreign exhibitions restated* restated* Revenues (€'000) 2,606 1,746 4,733 5,743 Gross operating result (€'000) 213 -835 -168 -1,836 % on revenues 8.2% -47.8% -3.5% -32.0% Net operating result (€'000) 6 -888 -2,234 -9,271 % on revenues 0.2% -50.9% -47.2% -161.
Slide 10: Stand-fitting services
Stand-fitting services 3Q15 9M15 Stand-fitting services 3Q16 restated* 9M16 restated* Revenues (€'000) 7,687 7,943 33,970 43,159 Gross operating result (€'000) 670 273 4,487 5,956 % on revenues 8.7% 3.4% 13.2% 13.8% Net operating result (€'000) 121 -175 3,193 4,654 % on revenues 1.6% -2.2% 9.4% 10.8
Slide 11: Media
Media 3Q15 9M15 Media 3Q16 restated* 9M16 restated* Revenues (€'000) 2,384 2,591 8,292 9,337 Gross operating result (€'000) -56 -181 211 202 % on revenues -2.3% -7.0% 2.5% 2.2% Net operating result (€'000) -137 -329 -787 -249 % on revenues -5.7% -12.7% -9.5% -2.7% * Some figures in the Consolidated
Slide 12: Congresses
Congresses 3Q15 9M15 Congresses 3Q16 restated* 9M16 restated* Revenues (€'000) 5,464 7,285 20,859 25,694 Gross operating result (€'000) -619 425 737 2,929 % on revenues -11.3% 5.8% 3.5% 11.4% Net operating result (€'000) -878 -282 -43 807 % on revenues -16.1% -3.9% -0.2% 3.1% * Some figures in the C
Slide 13: Income Statement
Income Statement 3Q16 3Q15 9M16 9M15 Consolidated Income Statement (€'000) restated* restated* Revenues 41,253 46,848 179,908 228,380 Gross operating result -6,366 -8,864 14,316 19,634 Gross operating margin (%) -15.4% -18.9% 8.0% 8.6% Net operating result (EBIT) -8,884 -12,217 4,859 557 Net operati
Slide 14: Statement of Financial Position
Statement of Financial Position 31/12/15 30/09/16 30/06/16 after tax Consolidated Statement of Financial Position (€'000) before tax after tax 182,302 Non-current assets 177,572 174,578 -64,884 Net working capital -27,472 -29,485 117,418 Gross capital employed 150,100 145,093 19,724 Non-current liab
Slide 15: Net Financial Position
Net Financial Position 31/12/15 Consolidated Net Financial Position (€'000) 30/09/16 30/06/16 56,092 Cash (including bank balances) 16,937 14,870 - Other cash equivalents - - - Securities held for trading - - 56,092 Cash & cash equivalents 16,937 14,870 - Current financial assets 2,433 5,147 23,481
Slide 16: Contents
Contents 16
Slide 17: Business outlook
Business outlook The Group’s strategic priority remains to increase the share of directly organised exhibitions and to focus on increasing the attendance of international buyers and exhibitors Outside Italy, the Group intends to consolidate its exhibition portfolio - through a selective focus on
Slide 18: Other information
Other information On 6 July 2016, the subsidiary Nolostand operating in the stand-fitting sector, received an Administration Order for the protection of its assets from the Milan Tribunal under Article 34 of Legislative Decree 159/2011 (anti-organised crime laws and prevention measures) regarding
Slide 19: Forward-Looking Statements
Forward-Looking Statements Data and information herewith set forth are extracted from the Consolidated Interim Management Report to 30 September 2016 filed with Italian authorities regulating exchanges and securities and disseminated concomitantly with this presentation. This document has been prepa
Slide 20: Fiera Milano SpA
Fiera Milano SpA 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 20