Slide 1: FY2019 Consolidated Results
FIERA MILANO GROUP FY2019 Consolidated Results CONFERENCE CALL – 10 March 2020
Slide 2: Contents
Contents 1. Highlights 2. Financial Results 3. Business outlook
Slide 3: Highlights
1. Highlights FIERA MILANO
Slide 4: Best results since the establishment of Fiera Milano S.p.A.
1.1 Highlights of which KEY FIGURES FY2019 IFRS16 FY2018 FY2017 impact Revenues 279.7 247.2 256.3 Best results since the establishment EBITDA EBIT 106.1 59.6 47.7 7.8 31.9 25.1 15.1 5.4 of Fiera Milano S.p.A. Profit 34.3 (4.6) 18.6 1.7 2019 was the 2nd year that exceeded KEY FIGURES 31/12/2019 31/12
Slide 5: Achievements
1.2 Achievements • Signature of a memorandum of understanding with Samsung SDS, partner in the digital transformation process of the exhibition site • Strengthening of directly organised exhibitions: • acquisition of 60% of the company MADE Eventi S.r.l., organiser of MADE expo, the biennial interna
Slide 6: Financial Results
2. Financial Results FIERA MILANO
Slide 7: Italian Exhibitions
2.1 Italian Exhibition space rented out ('000 net sq.m.) Exhibitions 1,517 1,505 1,534 154 436 464 267 Multi-year Biennal Annual 1,081 1,084 1,070 FY2017 FY2018 FY2019 • Annual exhibitions: positive performance of Eicma moto • Biennial exhibitions: new record of Host (140,900 sqm.) in the profession
Slide 8: Italian Exhibition Business
2.2 Italian Exhibition Italian Exhibition Business FY2019 FY2018 Revenues (€m) 235.3 200.3 EBITDA (€m) 90.6 23.8 % on revenues 38.5% 11.9% Business EBIT (€m) % on revenues 50.7 21.6% 20.0 10.0% • The increase in revenues of 2019 reflected the exhibition calendar and the good commercial performance •
Slide 9: Foreign Exhibition Business
2.3 Foreign Exhibition Foreign Exhibition Business FY2019 FY2018 Revenues (€m) 4.3 7.8 EBITDA (€m) 3.3 3.7 % on revenues 78.1% 47.2% Business EBIT (€m) % on revenues 2.9 68.2% 3.3 42.1% • The trend in revenues reflected the absence of the biennial exhibitions Fisp and Fesqua in Brazil • The EBITDA r
Slide 10: Media
2.4 Media Media FY2019 FY2018 Revenues (€m) 11.1 11.3 EBITDA (€m) 0.8 0.6 % on revenues 7.3% 4.9% EBIT (€m) (0.6) (0.6) % on revenues -5.3% -5.5% • Revenues and EBITDA were almost unchanged compared to 2018 • EBIT was affected by the writedown of the technical publications ‘Technology’ (Euro 0.6 mil
Slide 11: Congresses
2.5 Congresses Congresses FY2019 FY2018 Revenues (€m) 39.7 37.7 EBITDA (€m) 11.3 3.8 % on revenues 28.6% 10.2% EBIT (€m) 6.6 2.5 % on revenues 16.5% 6.5% • 2019 record year • The year-on-year increase in revenues reflected the holding of important international congresses and conventions (World Cong
Slide 12: Net Financial Position
2.6 Net Financial Position Consolidated Net Financial Position (€m) 31/12/2019 31/12/2018 Cash & cash equivalents 68.0 28.4 Current financial assets 1.3 0.0 Current bank borrowings 0.0 0.0 Current portion of non-current debt 0.0 3.5 Other current financial liabilities 1.1 1.3 Current financial debt
Slide 13: Business outlook
3.0 Business outlook FIERA MILANO
Slide 14: Business Outlook
3.1 Business Outlook • Due to the Covid-19 epidemiological emergency, first in China and then extended to other countries including Italy, some exhibitions scheduled for the early months of the year have been postponed to ensure that they can take place • The Company will continue to monitor the evo
Slide 15: Forward-looking statement
Forward-looking statement Prospective investors are cautioned not to place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in many cases, beyond our control. In light of these risks, uncertainties, and Data a
Slide 16: For further information, please contact
For further information, please contact: Investor Relations Department Tel +39 02.4997.7816/7911 email: investor.relations@fieramilano.it Fiera Milano S.p.A. S.S. del Sempione 28 20017 Rho (Milano) - Italia www.fieramilano.it
Slide 17: Back-up
BACK-UP FIERA MILANO
Slide 18: Financial overview – Income Statement
Financial overview – Income Statement Consolidated Income Statement (€m) FY2019 FY2018 Revenues 279.7 247.2 Cost of materials 2.5 2.4 Cost of services 121.2 114.1 Costs for use of 3rd-party assets 0.5 50.3 Personnel expenses 47.4 47.0 Other operating expenses 4.8 4.5 Total operating costs 176.4 218.
Slide 19: Financial overview – Statement of Financial Position
Financial overview – Statement of Financial Position Consolidated Statemen of Financial Position (€m) 31/12/2019 31/12/2018 Non-current assets 622.5 148.4 Net working capital (87.7) (73.1) Gross capital employed 534.8 75.3 Non current liabilities 21.9 16.9 Total net capital employed 512.9 58.4 Equit