Italian Exhibition S p A : 2022 Annual Financial Report

2022 ANNUAL FINANCIAL REPORT

CONTENTS

DIRECTORS' REPORT ON OPERATIONS	8
CONSOLIDATED FINANCIAL STATEMENTS	37
CONSOLIDATED STATEMENT OF FINANCIAL POSITION	40
CONSOLIDATED INCOME STATEMENT	42
COMPREHENSIVE CONSOLIDATED INCOME STATEMENT	43
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY	44
CONSOLIDATED CASH FLOW STATEMENT	45
EXPLANATORY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS	46
Annexes	108
Independent Auditor's Report to the Consolidated Financial Statement	114
FINANCIAL STATEMENTS	121
STATEMENT OF FINANCIAL POSITION	119
INCOME STATEMENT	121
STATEMENT OF COMPREHENSIVE INCOME	122
STATEMENT OF CHANGES IN EQUITY	123
CASH FLOW STATEMENT	124
EXPLANATORY NOTES TO THE ANNUAL FINANCIAL STATEMENTS	125
Annexes	188
Independent Auditors' Report on the Separate Financial Statement	190
Board of Statutory Auditors' Report	197

DISCLAIMER

This document contains forward-looking statements relating to future events and operating, economic and financial results of the Group. These forecasts entail, by nature, a component of risk and uncertainty, as they depend on the occurrence of future events and developments. Actual results may deviate even significantly from those announced, depending on a variety of factors, the majority of which are beyond the Group's control.

DIRECTORS' REPORT ON OPERATIONS

IEG GroupDirectors' Report on Operations

CORPORATE BODIES

BOARD OF DIRECTORS(1)

Lorenzo Cagnoni	Chairman
Corrado Peraboni	Chief Executive Officer
Daniela Della Rosa	Independent Director and Lead Independent Director
Maurizio Renzo Ermeti	Director
Valentina Ridolfi	Independent Director
Andrea Pellizzari	Independent Director
Simona Sandrini	Independent Director
Gian Luca Brasini	Independent Director
Alessandra Bianchi	Independent Director
BOARD OF STATUTORY AUDITORS (2)
Alessandra Pederzoli	Chairwoman
Massimo Conti	Standing Auditor
Marco Petrucci	Standing Auditor
Meris Montemaggi	Alternate Auditor
Luisa Renna	Alternate Auditor
CONTROL AND RISK COMMITTEE
Daniela Della Rosa	Chairman
Alessandra Bianchi	Standing Member
Simona Sandrini	Standing Member
APPOINTMENTS AND REMUNERATION COMMITTEE
Valentina Ridolfi	Chairman
Maurizio Renzo Ermeti	Standing Member
Andrea Pellizzari	Standing Member

INDEPENDENT AUDITORS(3)

PricewaterhouseCoopers S.p.A.

MANAGER RESPONSIBLE FOR PREPARING THE COMPANY'S FINANCIAL DOCUMENTS

Teresa Schiavina

1. The Board of Directors shall remain in office until the Shareholders' Meeting called to approve the financial statements for the year at 31 December 2023.
2. The Board of Auditors shall remain in office until the Shareholders' Meeting called to approve the financial statements for the year at 31 December 2022.
3. PricewaterhouseCoopers S.p.A. has been appointed to perform the statutory audit for the nine years 2019 - 2027 and shall remain in office until the Shareholders' Meeting called to approve the financial statements for the year at 31 December 2027.