Italian Exhibition Group Spa · MIL:IEG

Italian Exhibition Group Spa — H1 2024 Earnings Presentation

15 slides from Italian Exhibition Group Spa's earnings presentation, Aug 8, 2024

  1. Slide 1: Financial Results 1H24 Analyst Call

    August 8th, 2024 Financial Results 1H24 Analyst Call

  2. Slide 2: Agenda

    Agenda 01. Corrado Peraboni Business Performance CEO 02. Teresa Schiavina Financial Performance Group CFO

  3. Slide 3: Business Performance

    Section 01 Business Performance Corrado Peraboni CEO 1. Business Performance 2. Financial Performance

  4. Slide 4: 1H24 – Results highlights

    01. Business Performance Financial Results 1H24 1H24 – Results highlights Double-digit growth on Revenues, improving profitability, best 1H 2024 Results (M€) semester in the history of the Group exceeding targets. Steady Q2 in line with expectations characterized by seasonality. REVENUES ADJ. EBITDA

  5. Slide 5: 1H24 revenues by Business segments 131.9 M€

    01. Business Performance Financial Results 1H24 1H24 revenues by Business segments 1H24 Revenues by line of Business Number of Events #100 #100 2 3 Organized Events 57% 64 131.9 M€ Services 31% 68 1H24 Revenues Congress 7% 9 8 Hosted Events 3% 25 21 Publishing, Sport & Others 2% 1H24 1H23 Organized

  6. Slide 6: 1H24 Business Update: growing internationalisation

    01. Business Performance Financial Results 1H24 1H24 Business Update: growing internationalisation MAJOR INTERNATIONAL EVENTS HELD IN ITALY 17th edition, closed +41% more attendance than in 2023 35% of exhibiting brands from abroad and over 500 top buyers and international delegations from 57 countr

  7. Slide 7: 2Q24 Corporate Update

    01. Business Performance Financial Results 1H24 2Q24 Corporate Update New financing agreement ESG linked of 70 €M million aimed at supporting the investments envisaged in the Plan pool of primary financial institutions: Crédit Agricole Italia S.p.A. (Agent bank and ESG agent), Banco BPM S.p.A., Bper

  8. Slide 8: Strategic Plan 2023-2028: execution well on track on expansion investment and ESG plan

    01. Business Performance Financial Results 1H24 Strategic Plan 2023-2028: execution well on track on expansion investment and ESG plan Feb 2024 Apr 2024 May 2024 June 2024 July 2024 Kick off investment New ESG linked loan of 70 €M Sustainability Committee Installation of the 3 ESG Committee have pla

  9. Slide 9: Financial Performance

    Section 02 Financial Performance Teresa Schiavina Group CFO 1. Business Performance 2. Financial Performance

  10. Slide 10: 1H24 Income Statement

    02. Financial Performance Financial Results 1H24 1H24 Income Statement 1H 2024 % 1H 2023 % Var. % Revenues Revenues 131.9 116.6 15.3 +13.2% At 131.9 M€, +13.2% vs 1H23 mainly organic (14M€ | 94% of change) due to the organic component driven by the Operating costs (73.4) -55.6% (67.3) -57.7% (6.1) +

  11. Slide 11: 1H24 vs 1H23 EBITDA bridge

    02. Financial Performance Financial Results 1H24 1H24 vs 1H23 EBITDA bridge Adj.EBITDA Margin: 27.3% (2.3) 0.2 0.2 (3.5) 0.0 36.0 Adj.EBITDA 0.0 Margin: 1.1 23.9% 10.2 23.7 27.8 9.4 1H23 EBITDA Organic Quarter Perimeter Calendar Structure IFRS16 FX 1H24 EBITDA Adj Calender Adj Shift 11

  12. Slide 12: 1H24 Balance Sheet

    02. Financial Performance Financial Results 1H24 1H24 Balance Sheet Jun-2024 Dec-2023 Change % Total Fixed Assets 263.6 259.0 4.6 1.8% Trade receivables 42.3 31.0 11.3 36.3% Net Invested Capital % on 12m rolling sales 18.6% 14.6% 4.0% Inventories 0.7 0.8 (0.1) -13.7% Fixed Assets increases as effect

  13. Slide 13: 1H24 vs FY23 NFP bridge

    02. Financial Performance Financial Results 1H24 1H24 vs FY23 NFP bridge Monetary NFP -14.8 M€ FCF -0.9 M€ (28.7) Adj. FCF +3.8 M€ (43.5) (28.9) 36.0 (6.5) (5.2) -71.9 (1.5) (4.3) 0.0 (0.4) (5.1) -87.8 M&A Net Dividends Taxes Treasury 31 dic EBITDA ∆ WC Capex ∆ Non 30 Jun Investments Financials Shar

  14. Slide 14: Outlook FY24

    02. Financial Performance Financial Results 1H24 Outlook FY24 1H 2024 FY 2024E Strategic Plan FY 2024 New Target 2028 Revenues 131.9 €M 234/239 €M 240/244 €M CAGR: 9% ~ 323 €M 2023 – 2028 ADJ. EBITDA 36 €M 56/58 €M 60/63 €M ~ 90 €M Margin 27.3% 24% 25% CAGR: 13% 28% 2023 – 2028 NFP 87.8 €M 66/70 €M

  15. Slide 15: Slide 15

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