Fiera Milano Spa · MIL:FM
Fiera Milano Spa — H1 2023 Earnings Presentation
26 slides from Fiera Milano Spa's earnings presentation, Jul 26, 2023
Slide 1: Fiera Milano H1 2023 Results presentation
26 July 2023 Fiera Milano H1 2023 The European hub for innovative, sustainable and high standing events Results presentation
Slide 2: Today’s Presenters
Today’s Presenters ▪ > 20 years in Fiera Milano Francesco Conci CEO & General Manager ▪ Relevant experience: CEO and General Manager of Fiera Milano Congressi, Marketing Director of Fiera Milano ▪ 5 years in Fiera Milano Massimo De Tullio ▪ Relevant experience: Group Planning & Control Director at F
Slide 3: Agenda
AGENDA 1. Executive summary 2. Business review 3. Financial review 4. Sustainability update Appendix - Fiera Milano at a glance
Slide 4: Executive summary
Executive summary Business ▪ With 32 exhibitions held, 61 congress events and more than 790k sqm occupied, H1 2023 showed solid results overview and improved performance compared to H1 2022 ▪ Revenues of 132.2 million euros, an increase of 16 million euros compared to H1 2022 H1 2023 ▪ EBITDA of 41.
Slide 5: A rich calendar of events for the second half of 2023
A rich calendar of events for the second half of 2023 ▪ In 2023 >50 exhibitions in Italy ; 20 abroad ; c.160 congresses ▪ All the strategic sectors of Made in Italy in the world are represented (Food, Design, Tourism, Fashion, Machinery) JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC International
Slide 6: Agenda
AGENDA 1. Executive summary 2. Business review 3. Financial review 4. Sustainability update Appendix - Fiera Milano at a glance
Slide 7: Snapshot of divisional results
Snapshot of divisional results ▪ Increase in sold areas and general growth of all services (fittings, customer care, catering) for Homi, PTE, Miart, MIDO, and fashion industry exhibitions Italian Exhibition business H1 2022 H1 2023 As % of Revenues ▪ Salone del Mobile showed a strong performance in
Slide 8: The exhibitions held in H1 2023
The exhibitions held in H1 2023 Net square meters Net square meters Italian Exhibitions H1 2022 H1 2023 Foreign Exhibitions H1 2022 H1 2023 Directly Organized - Bit (A) 15,610 16,165 China - Chibimart estate (A) 2,765 a) - China International Fastener Show ° (A) a) 15,655 - Miart (A) 8,145 8,930 - C
Slide 9: Agenda
AGENDA 1. Executive summary 2. Business review 3. Financial review 4. Sustainability update Appendix - Fiera Milano at a glance
Slide 10: Income Statement
Income Statement H1 H1 Income Statement (€m) 2019 2020 2021 2022 2022 2023 ▪ Revenues: from Euro 116.2m in H1 2022 to Euro 132.2m in H1 2023, an improvement of Euro 16m 1 Revenues 279.7 73.6 129.8 220.3 116.2 132.2 ▪ The increase in Revenues is mainly related to: Cost of materials 2.5 1.6 1.7 4.1 1.
Slide 11: Balance Sheet
Balance Sheet 30-June Balance Sheet (€m) 2019 2020 2021 2022 2023 ▪ Rights of use of leased assets increased as a result of the monetary 1 revaluation Goodwill 95.0 95.0 95.0 95.0 95.0 Intangible assets with a finite useful life 14.6 17.0 18.5 15.2 13.6 Right-of-use assets 469.6 431.7 392.5 367.5 37
Slide 12: Cash flow from 31 December 2022 to 30 June 2023 – 6 months
Cash flow from 31 December 2022 to 30 June 2023 – 6 months From 31 Dec 2022 Free Cash Flow generated in H1 2023 (6 months): Euro 34.0m, the main components are: Cash Flow (€m) to 30 Jun 2023 ▪ EBITDA 6 months: Euro 41.6m EBITDA 41.6 ▪ IFRS16 cash out (rentals): Euros (26.2m) relating to the installm
Slide 13: Financial stability
Financial stability 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: 0.82 €m Ratio: 1.01 Ratio: 0.84 Ratio
Slide 14: Agenda
AGENDA 1. Executive summary 2. Business review 3. Financial review 4. Sustainability update Appendix - Fiera Milano at a glance
Slide 15: Fiera Milano awarded as Leader ESG Identity and ranked in the Top 5 extra 100
Fiera Milano awarded as Leader ESG Identity and ranked in the Top 5 extra 100 category of the Integrated Governance Index ▪ For the 3° year in a row, Fiera Milano has confirmed its position at the top of the Integrated Governance Index (IGI), the sustainability index developed by ET.Group acknowledg
Slide 16: Carbon footprint measurement (Life Cycle Assessment) of BIT
Carbon footprint measurement (Life Cycle Assessment) of BIT ▪ The 2023 edition of BIT (12-14 feb 2023) generated c.3.010,8 tCO2eq Breakdown by phase of the event Source of emission tCO2e % Weight Organization 0,6 0,02% Set up 363,3 12,1% Event execution 2.627,2 87,3% Dismantling 19,6 0,7% Total sour
Slide 17: ESG Highlights – 2022 KPI and main initiatives
ESG Highlights – 2022 KPI and main initiatives Environment Social Governance Emissions CO2 (t) % Renewable Waste (t) Diversity Board independence Board diversity sources -22% -20% Gender Age 56% Workforce Pay gap ratio 56% 44% 47% 44% 38% 43% 57% 44% Independent 20,921 10.4 > 50 Female 16,388 8.4 Ex
Slide 18: Agenda
AGENDA 1. Executive summary 2. Business review 3. Financial review 4. Sustainability update Appendix - Fiera Milano at a glance
Slide 19: Fiera Milano at a glance
Fiera Milano at a glance Purpose & Mission Create multiple opportunities for businesses and individuals through our European Hub in Milan and a global network Being a leading smart hybrid platform for innovative, sustainable and business-relevant events ▪ Managing directly owned events and hosted ev
Slide 20: The 6th largest exhibition district in the world
The 6th largest exhibition district in the world ▪ 20 pavillons ▪ 1 km from highway ▪ 345k m2 total space ▪ 1 underground ▪ 15k parkings ▪ 13 km from Milan city centre ▪ 60k m2 outdoor space ▪20 1 train station ▪ 75 restaurants ▪ 29 km from Milan airport
Slide 21: A rich calendar of events for 2023
A rich calendar of events for 2023 Covering all the strategic industries representing the excellence of Made in Italy in the world (Food, Design, Tourism, Fashion, Machinery) JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC International exhibitions 21
Slide 22: A history of growth of more than 100 years
A history of growth of more than 100 years Foundation CONN.E.C.T 2025 Internationalization Strong resiliency during post- Eight entrepreneurs organize the first Covid recovery exhibition in Milan; in 1922, Ente Autonomo Fiera di Milano is set up Spin off and listing Launch of CONN.E.C.T. 2025 China,
Slide 23: One of the largest venues in the global exhibition market
One of the largest venues in the global exhibition market Selection of key players in the Exhibition Industry Revenues 2,2601) [EUR m, 2019] 1,4471) 1,173 Venue player 736 474 4741) 413 379 346 3221) Global organizer 280 2521) 219 196 187 179 135 105 Exhibitions2) Barcelona Messe Koelnmesse Fira GL
Slide 24: Key investment highlights
Key investment highlights Strong commitment to ESG Institutional role with strong heritage culture ▪ ESG themes moving to the top of the agenda with new ▪ Mission critical business for the Italian entrepreneurial fabric framework and strategy integrated in the CONN.E.C.T. 2025 plan ▪ Strategic partn
Slide 25: 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
Slide 26: Website and contacts
WEBSITE:https://investors.fieramilano.it/en C O N TA C T S : i n v e s t o r. r e l a t i o n s @ f i e r a m i l a n o . i t