Fiera Milano Spa · MIL:FM
Fiera Milano Spa — H1 2024 Earnings Presentation
29 slides from Fiera Milano Spa's earnings presentation, Jul 29, 2024
Slide 1: Fiera Milano Results as of 30 June 2024
Fiera Milano Results as of 30 June 2024 29 July 2024
Slide 2: Today's Speakers
TODAY’S SPEAKERS FRANCESCO CONCI MASSIMO DE TULLIO VINCENZO CECERE Head of Investor Relations, CEO & General Manager Chief Financial Officer Sustainability & Management System > 20 years in Fiera Milano 6 years in Fiera Milano 2 year in Fiera Milano ▪ Relevant experience: ▪ Relevant experience: ▪ Re
Slide 3: Agenda
AGENDA EXECUTIVE ESG 01 SUMMARY 04 ACHIEVEMENTS BUSINESS REVIEW Appendix 02 03 FINANCIAL REVIEW
Slide 4: Executive Summary
EXECUTIVE SUMMARY
Slide 5: Executive Summary (1/2)
EXECUTIVE SUMMARY (1/2) ▪ 37 exhibitions in H1 2024 (22 in Italy and 15 abroad; 24 organized and 13 hosted) vs 32 exhibitions in H1 2023 STRONG SET OF ▪ 67 congresses (of which 26 with related exhibition area) vs 61 congresses in H1 2023 OPERATIVE ▪ 836.415 sqm occupied (626.515 sqm Italy, 165.680 s
Slide 6: Executive Summary (2/2)
EXECUTIVE SUMMARY (2/2) ▪ Launch of NetZero Milan, the expo-summit dedicated to decarbonization in the industrial sector (2025) ▪ Fiera Milano (Allianz MiCo) chosen to host the European Society of Cardiology (ESC) Congress, the world's largest cardiology event (2027) ▪ Strategic alliance between the
Slide 7: Business Review
BUSINESS REVIEW
Slide 8: Snapshot of Divisional Results – Legal Entities View
SNAPSHOT OF DIVISIONAL RESULTS – LEGAL ENTITIES VIEW A Italian Exhibition business H1 2023 H1 2024 Δ Growth (€) Δ Growth (%) ▪ Revenue growth of + 8,4% despite a negative calendar effect (more details in the next slide) due to the absence in the semester of the multi-year ITMA and the biennial even-
Slide 9: Revenue Growth Contribution - Business Line View H1 24 vs H1 23
REVENUE GROWTH CONTRIBUTION - BUSINESS LINE VIEW Calendar effect: (10,2)m • +20,6m presence of MCE (86k sqm), Transpotec (26k sqm), NME (11k sqm), Venditalia (13k sqm) e Xylexpo (14k sqm) H1 24 vs H1 23 • (30,8)m absence of ITMA (122k sqm), Made in Steel (16k sqm), Issa Pulire (14k sqm), Lamiera (18
Slide 10: Fiera Milano H1 2024 SQM Growth Champions
FIERA MILANO H1 2024 SQM GROWTH CHAMPIONS SELECTED ITALIAN EXHIBITIONS ORGANIZED SQM (k) SQM GROWTH % HOSTED SQM (k) SQM GROWTH % H1 2024/ last edition H1 2024/ last edition + 16 27 +70% 86 78 +11% H1 2023 H1 2024 H1 2022 H1 2024 46 17 38 +21% 16 +7% H1 2023 H1 2024 H1 2023 H1 2024 25 31 +27% H1 202
Slide 11: Financial Review
FIERA MILANO FINANCIAL REVIEW
Slide 12: Income Statement
INCOME STATEMENT ▪ Revenues: from Euro 132.2m in H1 2023 to Euro 144.4m in H1 2024, an improvement of Euro 12.2m. This growth of Euro 12.2m is mainly due to: H1 H1 Δ (€) ▪ Positive performance effect of Euro 22.3m, corresponding to a like-for-like growth of +18.7%. Consolidated Income Statement (€m)
Slide 13: Balance Sheet, Net Working Capital, Net Financial Position and Cash Flow
BALANCE SHEET, NET WORKING CAPITAL, NET FINANCIAL POSITION and CASH FLOW Δ As of As of As of 30 June COMPARISON 30 June 2024 vs 31 December 2023 Balance Sheet (€m) 31 Dec 31 Mar 30 June 2023 2024 2024 2024/ 31 ▪ Net Working Capital goes from Euro (98.2)m at 31/12/2023 to Euro (77.5)m at 30/06/2024 D
Slide 14: Financial Stability Indicators
FINANCIAL STABILITY INDICATORS Fiera Milano achieved an excellent financial stability, transforming the Covid-19 emergency into an opportunity to reorganize its financial structure CURRENT ASSET/ CURRENT LIABILITIES (EQUITY + NON CURRENT LIABILITIES)/ FIXED ASSET €m Ratio: 0,78 €m Ratio: 1,00 Ratio:
Slide 15: 2024-2027 Strategic Plan Guidance
2024-2027 STRATEGIC PLAN GUIDANCE In 2027 Fiera Milano expects to achieve: Millions of euros 2024 2025 2026 2027 ▪ Revenues between Euro 355 and 375 million Revenues 245-255 320-340 305-325 355-375 ▪ An estimated EBITDA between Euro 120 and 130 million EBITDA 65-75 110-120 90-100 120-130 ▪ Over the
Slide 16: ESG Commitment
ESG COMMITMENT
Slide 17: One of the Largest Rooftop Photovoltaic Systems in Europe and Decarbonisation Plan
ONE OF THE LARGEST ROOFTOP PHOTOVOLTAIC SYSTEM IN EUROPE AND THE DECARBONISATION PLAN TO 2030 ▪ 50,000 photovoltaic panels ▪ 30-35% of Fiera Milano energetic need covered ▪ Total surface area: 330,000 sqm (equal to more than 45 football fields) ▪ Estimated total annual production: 22 GWh equal to th
Slide 18: Net Zero Milan: New Event Dedicated to Decarbonisation of Industrial Processes
NET ZERO MILAN: THE NEW EVENT DEDICATED TO THE DECARBONISATION OF INDUSTRIAL PROCESSES NET ZERO MILAN expo – summit Pathways to a decarbonised economy May 2025 Focus on solutions and technologies for the decarbonization of industries and electric system. A brand new, exclusively B2B event for the en
Slide 19: Sustainability Awards and Recognitions in H1 2024
SUSTAINABILITY AWARDS AND RECOGNITIONS IN H1 2024 ▪ Fiera Milano won the Industry Partner Award ▪ Fiera Milano ranked first in the ESG Identity ▪ Fiera Milano obtained the ISO 14001 – 2024 thanks to the innovative project of Corporate Index 2024, in the category of Environmental Management System -
Slide 20: The Positioning of Fiera Milano
THE POSITIONING OF FIERA MILANO NOT LISTED
Slide 21: Appendix 1: Exhibitions Details
APPENDIX 1 EXHIBITIONS DETAILS
Slide 22: Exhibitions and Congresses in H1 2024
EXHIBITIONS AND CONGRESSES IN H1 2024 Manifestazioni Italia – metri quadrati Net square meters Net square meters Italian Exhibitions Foreign Exhibitions H1 2023 H1 2024 H1 9M2023 2022 H1 2023 9M 2024 Directly Organized China - Bit (A) 16,165 17,225 - Chinafloor Domotex Shanghai ° (A) a) 66,735 - Mia
Slide 23: Appendix 2: The Integrated Sustainability Plan
APPENDIX 2 THE INTEGRATED SUSTAINABILITY PLAN
Slide 24: Fiera Milano ESG Scorecard
FIERA MILANO ESG SCORECARD Environment Social Governance As of 31/12/2023 Total CO2 emissions (tCO2eq) % Renewable sources used Employees Diversity Board independence Board diversity -33% Age Gender 24,951 598 612 637 > 50 years 56% 22% 78% Independent 37% 38% 41% 43% 17,828 30% 30-50 years 341 347
Slide 25: Integrated Sustainability Plan: Environmental
THE NEW INTEGRATED SUSTAINABILITY PLAN ENVIRONMENTAL DIMENSION OF THE ESG ESG STRATEGIC # TARGET TIMING SDGS PLAN 2024- PRIORITIES 2027 1 • Reduction of Scope 1 + Scope 2 CO2 emissions by at least -60% from 2023 baseline 2027 2 • Increase the share of electricity from renewable sources from 38% to 7
Slide 26: Integrated Sustainability Plan: Social
THE NEW INTEGRATED SUSTAINABILITY PLAN SOCIAL DIMENSION OF THE ESG ESG STRATEGIC # TARGET TIMING SDGS PLAN 2024- PRIORITIES 2027 13 • Increase in the incidence of female gender in managerial positions from 46% to 49% 2027 1Attracting and hosting leading events in PEOPLE 14 • Obtain UNI/PDR 125:2022
Slide 27: Integrated Sustainability Plan: Governance
THE NEW INTEGRATED SUSTAINABILITY PLAN GOVERNANCE DIMENSION OF THE ESG ESG STRATEGIC # TARGET TIMING SDGS PLAN 2024- PRIORITIES 2027 23 • Obtain ISO 37001 certification (anti-corruption) for Fiera Milano 2024 24 • Obtain ISO 14001 certification (environmental) for Fiera Milano 2024 GOVERNANCE AND BU
Slide 28: Thank you
Thank you CONTACTS: Investor relations: investor.relations@fieramilano.it Sustainability: sustainability@fieramilano.it Investor Relations NEXT https://investors.fieramilano.it/en CORPORATE Sustainability EVENTS: www.fieramilano.it/en/sustainability.html 2024 Exhibition Calendar www.fieramilano.it/e
Slide 29: Disclaimer
Disclaimer This presentation and any materials distributed in connection herewith (together, the “Presentation”) do not constitute or form a part of, and should not be construed as, an offer for sale or subscription of or solicitation of any offer to purchase or subscribe for any securities, and nei