Stop parsing PDFs. Get the API. Request Access

AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

Fiera Milano

Investor Presentation • Mar 12, 2018

4073_ct_2018-03-12_fe6c2198-f804-433b-8dad-3f45567787d6.pdf

Investor Presentation

Open in Viewer

Opens in native device viewer

FIERA MILANO GROUP FY2017 Consolidated ResultsCONFERENCE CALL - 12 MARCH 2018

Strong improvement in results and a return to profit in 2017

• Net exhibition space occupied in Italy: 1,517,205 square metres (32% by directly organised exhibitions) +18% vs 2016

  • •Consolidated EBIT: Euro 5.4 million (loss of Euro 23.0 million in 2016)
  • •Net profit: Euro 1.7 million (net loss of Euro 22.9 million in 2016)
  • •Net financial debt falls to Euro 0.8 million

Highlights Financial ResultsBusinessoutlook

ITALIAN EXHIBITIONS

  • New record for the biennial exhibition Host (137,005 sq.m.) in the professional hospitality sector
  • Successful editions of the directly organised biennial exhibitions Tuttofood and Sicurezza
  • New exhibitions included: Tempo di Libri, Versilia Yatching Rendez-vous and Lamiera
  • Strong performance of Eicma, organised by third parties

5

ITALIAN EXHIBITIONS

i
i
i
i
I
l
h
b
t
t
a
a
n
e
x
o
n
s		 2
0
1
7		 2
0
1
6
(
)
R
€
e
v
e
n
u
e
s
m		 2
2
0.
0		 1
7
3.
4
E
B
I
T
D
A
(
€
)
m
%
o
n
r
e
v
e
n
u
e
s		 1
3.
3
6.
0
%		 7.
9
-
4.
5
%
-
E
B
I
T
(
€
)
m
%
o
n
r
e
v
e
n
u
e
s		 8.
8
4.
0
%		 1
5.
2
-
8.
8
%
-
  • • The 2017 increase in revenues reflected the trend inexhibition space occupied
  • • EBITDA rose on the back of the increase in revenues butthis was partially offset by extraordinary expenses for restructuring the corporate processes, costs linked to the variable component of remuneration and those for the launch of new proprietary exhibitions and the repositioning of Bit

6

Gross of adjustments for inter-segment transactions

Net sq. metres of exhibition space

i
i
i
E
h
b
t
x
o
n
s		 F
Y
1
7		 F
Y
1
6
C
h
i
n
a		 3
3
0,
9
8
5		 2
9
2,
8
5
5
B
i
l
r
a
z		 1
1,
9
9
5		 1
0,
4
0
0
S
h
A
f
i
t
o
u
r
c
a		 1
0,
0
6
0		 1
1,
8
7
0
I
d
i
n
a		 5,
6
3
0		 1
1,
1
0
0
U
S
A		 - 5
0
5
T
l
l
h
i
b
i
i
t
t
o
a
a
n
n
a
e
o
n
s
u
x		 3
5
8,
6
7
0		 3
2
6,
7
3
0
C
h
i
n
a		 3,
6
4
0		 -
B
i
l
r
a
z		 9,
4
5
0		 3
0,
7
3
0
T
l
b
i
i
l
h
i
b
i
i
t
t
o
a
e
n
n
a
e
x
o
n
s		 1
3,
0
9
0		 3
0,
7
3
0
T
l
t
o
a		 3
7
1,
7
6
0		 3
5
7,
4
6
0
  • • China: strong performances of PTC and Chinafoor Domotex in Shanghai and first editions of Internet Plus Expo Foshan
  • •Brazil: good performance of Reatech but absence of the biennial exhibitions Fesqua and Fisp
  • •South Africa: in December, activities restructured to focus on profitable exhibitions

FOREIGN EXHIBITIONS

F
i
h
i
b
i
i
t
o
r
e
g
n
e
x
o
n
s		 2
0
1
7		 2
0
1
6
(
)
R
€
e
v
e
n
u
e
s
m		 5.
1		 6.
8
E
B
I
T
D
A
(
€
)
m
%
o
n
r
e
e
n
e
s
v
u		 0.
1
1.
6
%		 1.
6
2
3.
2
%
(
)
E
B
I
T
€
m
%
o
n
r
e
v
e
n
u
e
s		 0.
4
-
8.
6
%
-		 4.
5
-
6
6.
0
%
-
  • • The trend in revenues reflected the absence of somebiennial exhibitions in Brazil
  • • The EBITDA benefited from improved results from the joint venture activities in China

STAND-FITTING SERVICES

S
d-
f
i
i
i
t
t
t
a
n
n
g
s
e
r
v
c
e
s		 2
0
1
7		 2
0
1
6
(
)
R
€
e
v
e
n
u
e
s
m		 3
3.
0		 3
8.
3
E
B
I
T
D
A
(
€
)
m
%
o
n
r
e
e
n
e
s
v
u		 1.
8
-
5.
3
%
-		 2.
4
6.
3
%
(
)
E
B
I
T
€
m
%
o
n
r
e
v
e
n
u
e
s		 3.
5
-
1
0.
6
%
-		 0.
5
1.
3
%

• The trend in revenues and margins reflected lower volumes in the stand-fitting business that, in 2016, included some contracts unrelated to the exhibition business and one-offcontracts linked to Expo 2015

Gross of adjustments for inter-segment transactions

M
d
i
e
a		 2
0
1
7		 2
0
1
6
R
(
€
)
e
v
e
n
u
e
s
m		 1
0.
8		 1
1.
1
(
)
E
B
I
T
D
A
€
m
%
o
n
r
e
v
e
n
u
e
s		 0.
4
3.
8
%		 0.
6
%
5.
7
E
B
I
T
(
€
)
m
%
o
n
r
e
e
n
e
s
v
u		 1.
2
-
1
1.
0
%
-		 4.
1
-
3
7.
1
%
-

• The downward trend in revenues and EBITDA was causedby a reduction in print and billboard advertising and training revenues, which was partially offset by an increase in sponsorship and digital services

CONGRESSES

C
o
n
g
r
e
s
s
e
s		 2
0
1
7		 2
0
1
6
R
(
€
)
e
v
e
n
u
e
s
m		 4
6.
3		 3
0.
7
E
B
I
T
D
A
(
€
)
m
%
o
n
r
e
v
e
n
u
e
s		 3.
0
6.
5
%		 2.
1
7.
0
%
(
)
E
B
I
T
€
m
%
o
n
r
e
e
n
e
s
v
u		 1.
7
3.
%
7		 1.
1
3.
%
7
  • • The increase in revenues reflected the presence of the ERS congress and the destination management services provided
  • • EBITDA increased, but was impacted by higher personnel expenses for new employees to run the audio-visual activities

11

Gross of adjustments for inter-segment transactions

C
i
i
i
i
i
(
)
l
d
d
N
F
l
P
€
t
t
t
o
n
s
o
a
e
e
n
a
n
c
a
o
s
o
n
m		 /
/
3
1
1
2
1
7		 /
/
3
1
1
2
1
6
C
h
&
h
i
l
t
a
s
c
a
s
e
q
u
v
a
e
n
s		 1
7.
9		 2
0.
9
C
f
i
i
l
t
t
u
r
r
e
n
n
a
n
c
a
a
s
s
e
s		 2.
8		 2.
6
C
f
i
i
l
d
b
t
t
r
r
e
n
n
a
n
c
a
e
u		 1
8.
0		 4
8.
9
(
)
N
f
i
i
l
d
b
h
t
t
t
e
c
r
r
e
n
n
a
n
c
a
e
c
a
s
u		 2.
8
-		 2
5.
4
N
f
i
i
l
d
b
t
t
t
o
n-
c
u
r
r
e
n
n
e
n
a
n
c
a
e		 5
3.		 1
4.
2
N
f
i
i
l
d
b
(
h
)
f
i
i
i
t
t
t
t
e
n
a
n
c
a
e
c
a
s
r
o
m
c
o
n
n
u
n
g
o
p
e
r
a
o
n
s		 0.
8		 3
9.
5
f
(
)
f
f
N
i
i
l
d
b
h
h
l
d
l
t
t
t
e
n
a
n
c
a
e
c
a
s
r
o
m
a
s
s
e
s
e
o
r
s
a
e		 0.
0		 1.
2
-
N
f
i
i
l
d
b
(
h
)
t
t
e
n
a
n
c
a
e
c
a
s		 0.
8		 3
8.
3

The significant improvement in net debt was due to the operating cash flow and a fall in net working capital with higher payments and advance payments for exhibitions

Highlights Financial ResultsBusinessoutlook

BUSINESS OUTLOOK

  • • Despite the less favourable exhibition calendar in Italy in 2018, the Group expects 2018 EBITDA in the range of Euro 15-17 million, a year-on-year increase that will benefit from cost restructuring
  • • The economic and financial performance will be affected by the usual seasonality that characterises the exhibition business with a concentration of exhibitions in the first and second quarters of the year and the traditional absence of activities in summer months
C
i
S
(
)
l
d
d
I
€
t
t
t
t
o
n
s
o
a
e
n
c
o
m
e
a
e
m
e
n
m		 2
0
1
7		 2
0
1
6
d
t
t
r
e
s
a
e
R
e
e
n
e
s
v
u		 2
1.
3
7		 2
2
1.
0
E
B
I
T
D
A		 1
5.
1		 1.
8
-
E
B
I
T
D
A
(
%
)		 6
%
5.		 0.
8
%
-
E
B
I
T		 5.
4		 2
3.
0
-
(
)
E
B
I
T
%		 2.
0
%		 1
0.
4
%
-
P
f
i
/
l
b
f
i
t
t
r
o
o
s
s
e
o
r
e
n
c
o
m
e
a
x		 4.
6		 2
4.
0
-
P
f
i
/
l
i
(
)
%
t
r
o
o
s
s
m
a
r
g
n		 1.
7
%		 1
0.
8
%
-
/
P
f
i
l
t
r
o
o
s
s		 1.
7		 2
2.
9
-
f
i
i
S
f
i
i
h
h
b
b
l
h
h
l
d
h
l
l
t
t
t
t
t
t
t
t
o
w
c
a
r
u
a
e
o
a
r
e
o
e
r
s
o
e
c
o
n
r
o
n
g
e
n
y		 1.
6		 2
2.
8
-

Starting with the Financial Statements at 31 December 2017, EBITDA will indicate operating profit. The consolidated figures at 31 December 2016, which showed the gross operating profit, have been restated to reflect this reclassification. The difference between EBITDA and gross operating profit is that the latter does not include Provisions for doubtful receivables and other provisions.

C
l
i
d
d
S
f
F
i
i
l
P
i
i
(
€
)
t
t
t
t
t
o
n
s
o
a
e
a
e
m
e
n
o
n
a
n
c
a
o
s
o
n
m		 3
1
/
1
2
/
1
7		 3
1
/
1
2
/
1
6
N
t
t
o
n-
c
u
r
r
e
n
a
s
s
e
s		 1
1.
5
5		 1
6
0.
9
N
k
i
i
l
t
t
e
w
o
r
n
g
c
a
p
a		 4.
3
7
-		 4
6.
5
-
G
i
l
l
d
t
r
o
s
s
c
a
p
a
e
m
p
o
y
e		 7
7.
3		 1
1
4.
4
N
l
i
b
i
l
i
i
t
t
o
n-
c
r
r
e
n
a
e
s
u		 1
3.
4		 1
6.
4
N
i
l
l
d
f
i
i
i
t
t
t
t
e
c
a
p
a
e
m
p
o
y
e
r
o
m
c
o
n
n
u
n
g
o
p
e
r
a
o
n
s		 6
3.
8		 9
7.
9
N
i
l
l
d
f
d
i
i
d
i
t
t
t
t
e
c
a
p
a
e
m
p
o
y
e
r
o
m
s
c
o
n
n
u
e
o
p
e
r
a
o
n
s		 - 2.
0
T
l
i
l
l
d
t
t
t
o
a
n
e
c
a
p
a
e
m
p
o
y
e		 6
3.
8		 1
0
0.
0
E
i
t
q
u
y		 6
3.
0		 6
1.
7
N
f
i
i
l
i
i
f
i
i
i
t
t
t
t
e
n
a
n
c
a
p
o
s
o
n
r
o
m
c
o
n
n
u
n
g
o
p
e
r
a
o
n
s		 0.
8		 3
9.
5
N
f
i
i
l
i
i
f
h
l
d
f
l
t
t
t
e
n
a
n
c
a
p
o
s
o
n
r
o
m
a
s
s
e
s
e
o
r
s
a
e		 - 1.
2
-
E
i
d
f
i
i
l
i
i
t
t
t
q
u
y
a
n
n
e
n
a
n
c
a
p
o
s
o
n		 6
3.
8		 1
0
0.
0

Data and information herewith set forth are extracted from the press release related to Fiera Milano Consolidated Results to 31 December 2017 filed with Italian authorities regulating exchanges and securities and disseminated concomitantly with this presentation.

This document has been prepared by Fiera Milano SpA solely for information purposes and for use in presentations of the Group. The information contained herein has not been independently verified. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. None of the company, its affiliates, or its representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with this document.

This document includes forward-looking statements. These forward-looking statements express current expectations and projections about future events, involve predictions and are subject to a number of factors that may influence the accuracy of the statements and the projections upon which the statements are based. 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 assumptions, the forward-looking events discussed in this document might not occur and no assurance can be given that the anticipated results will be achieved. Actual events or results may differ materially as a results of risks and uncertainties facing Fiera Milano and its subsidiaries. Such risks and uncertainties include, but are not limited to increased competition and regulatory, legislative and judicial developments that could cause actual results to vary materially from future results indicated, expressed or implied in such forward-looking statements. Moreover, any statements regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future.

This document does not constitute an offer or invitation to purchase or subscribe for any shares and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever.

The Manager responsible for preparing the company's financial reports Sebastiano Carbone declares, pursuant to paragraph 2 of Article 154-bis of the Consolidated Law on Finance, that the accounting information contained in this document corresponds to the document results, books and accounting records.

18

For further information, please contact:

Gianna La Rana

Investor Relations Director

Camilla CusiInvestor RelationsTel +39 02.4997.7816/7911email: [email protected]

Fiera Milano SpA S.S. del Sempione 28 20017 Rho (Milano) - Italia www.fieramilano.it

More from Fiera Milano

Environmental & Social Information 2025
Dec 23
Regulatory Filings 2025
Dec 23
Environmental & Social Information 2025
Dec 23
Regulatory Filings 2025
Dec 23
Report Publication Announcement 2025
Dec 17
Regulatory Filings 2025
Nov 13
Regulatory Filings 2025
Nov 13
Regulatory Filings 2025
Nov 13
Regulatory Filings 2025
Nov 13
Regulatory Filings 2025
Nov 13
View all filings →

Talk to a Data Expert

Have a question? We'll get back to you promptly.