FNM Group
IH 2021 RESULTS
August 2, 2021
FNM Group| Overview
Full consolidation of MISE | COMPANIES FULLY CONSOLIDATED | COMPANIES VALUED AT EQUITY | |
Ro.S.Co. &
Services
- Leasing of rolling stock
- Provision of corporate services and real estate
Railway infrastructure management
- Management of railway infrastructure in Lombardy
- Intermodal terminal management
4
Road passenger | |||
mobility | |||
• | |||
Management of road | La Linea 80 Scarl | ||
local public transport | |||
• | Electric car sharing |
Motorway | ||||||||||
infrastructure | ||||||||||
management | ||||||||||
• Concession- based | ||||||||||
management of motorway | ||||||||||
infrastructure | ||||||||||
1 | - Companies operating in the freight mobility sector included respectively in the Railway infrastructure management and in Ro.S.Co. & Services segments. Malpensa Intermodale and Malpensa Distripark are in the start-up phase. | |||||||||
2 | - Companies operating in the road passenger transport but considered in the Ro.S.Co. Segment for the purposes of preparing the financial statements | 2 | ||||||||
3 | - Since February 26, 2021 MISE is fully consolidated into FNM's accounts | |||||||||
4 | - Since February 2021 La Linea holds 100% stake in Conam, since then the company is fully consolidated into FNM's accounts |
Overview
Economic and financial results
- Financial highlights
- Mobility demand in the period
- IH 2021 consolidated results
Outlook
Appendix
FNM Group| IH 2021 Highlights - REPORTED1
(in mln € )
Il
Revenues+64.3%
Adjusted
EBITDA2+80.8%
EBIT+101.9%
Adj. Net Profit | +19.4% |
(Loss)3 | |
Adj. NFP 4
Ratings
IH 2021 | 226,4 | ||||
IH 2020 | 137,8 | ||||
IH 2021 | 65,8 | ||||
IH 2020 | 36,4 | ||||
IH 2021 | 32,1 | ||||
IH 2020 | 15,9 | ||||
IH 2021 | 16,0 | ||||
IH 2020 | 13,4 | ||||
IQH2021 | 776,8 | ||||
FY 2020 | 43,8 | ||||
Baa3 stable BBB- stable
- For the purposes of P&L, in 2021 MISE is consolidated since February 26, comparing with FNM's 2020 actual results. For NFP, data at March 31, 2021 compares with data at December 31, 2020 which does not include the effects of the acquisition of control stake in MISE
- Adjusted EBITDA: excluding extraordinary gains and losses
3. | Adjusted Net Profit (Loss): Net Profit (Loss) before recognition of the result of companies consolidated using the equity method | 4 |
4. | Adjusted Net Financial Position: excluding the impacts of the timing of collections of the contributions on financial investments for the renewal of the railway rolling stock and of the related payments made to suppliers, recognized in accordance with IFRIC 12 |
FNM Group| IH 2021 Highlights - PRO FORMA1
(in mln € )
Il
Revenues+13.5%
Adjusted
EBITDA2+20.9%
EBIT+62.6%
Adj. Net Profit
(Loss)3+9.7%
Adj. NFP 4
Ratings
IH 2021 | 256,1 | ||||
IH 2020 | 225,6 | ||||
IH 2021 | 77,6 | ||||
IH 2020 | 64,2 | ||||
IH 2021 | 37,4 | ||||
IH 2020 | 23,0 | ||||
IH 2021 | 20,2 | ||||
IH 2020 | 18,4 | ||||
IH 2021 | 776,8 | ||||
FY 2020 | 43,8 | ||||
Baa3 stable BBB- stable
1. For the purposes of P&L, in 2021 MISE is consolidated starting from January 1, comparing with pro-forma 2020 results calculated as if MISE was consolidated starting from January 1, 2020. For NFP, data at March 31, 2021 compares with data at December 31, 2020 which does not include the effects of the acquisition of control stake of MISE
2. | Adjusted EBITDA: excluding extraordinary gains and losses | 5 |
- Adjusted Net Profit (Loss): Net Profit (Loss) before recognition of the result of companies consolidated using the equity method
- Adjusted Net Financial Position: excluding the impacts of the timing of collections of the contributions on financial investments for the renewal of the railway rolling stock and of the related payments made to suppliers, recognized in accordance with IFRIC 12
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FNM S.p.A. published this content on 02 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2021 11:31:03 UTC.