2022 3Q-9MRESULTS

CONFERENCE CALL - Nov18th, 2022

Highlights

106.1M€

+59

* without debts from IFRS16, Put Options, MTM/Fair value Interest Rate Swap

Please note:

the percentage changes in this document are calculated on €/1000 amounts, even when they are shown in €/million

11/18/2022

STAND FITTING, FOOD and CLEANING
Revenues (€M)

Focus on Revenues

REVENUES BY BUSINESS LINES (M€)

3Q22

3Q21

change YoY

% change

9M22

9M21

change

% change

Change

YoY

YoY

YoY

Organic

Restart

Calendar

Cancelled

One- Off

Organized Events

18,2

11,1

7,1

63,9%

50,8

12,5

38,3

>100%

4,0

10,4%

30,3

78,9%

4,1

10,6%

0,0

0,0%

0,0

0,0%

Hosted Events

(0,0)

1,2

(1,2)

<100%

3,2

2,0

1,2

60,2%

1,2

100,0%

0,0

>100%

0,0

0,0%

0,0

0,0%

0,0

0,0%

Congress Events

3,2

3,0

0,3

9,1%

9,0

3,3

5,7

>100%

0,3

4,7%

5,5

95,3%

0,0

0,0%

0,0

0,0%

0,0

0,0%

Food, Stand Fitting and Cleaning

11,0

8,5

2,5

29,1%

40,9

11,6

29,3

>100%

9,1

30,9%

19,3

65,7%

0,3

1,0%

0,0

0,0%

0,7

2,3%

Publishing, Sport Events and Other

1,0

11,7

(10,7)

(91,2%)

2,3

13,2

(11,0)

(82,7%)

(0,6)

5,5%

0,2

(2,0%)

0,0

0,0%

0,0

0,0%

(10,6)

96,6%

Total Revenues

33,4

35,5

(2,0)

>100%

106,1

42,5

63,6

>100%

13,9

21,9%

55,2

86,8%

4,4

6,8%

0,0

0,0%

(9,9)

(15,6%)

28.4

  • Organized Events register a significant increase thanks to reopening of fair (only digital events in 1H 2021). The first half includes the main events organized by the Group even if slipped forward in time with consequent limitations in terms of results (Sigep, Beer&Food Attraction, VicenzaOro January) and events usually scheduled in spring and that couldn't take place last year (OroArezzo, Abilmente Primavera, Music Inside Rimini). The main effect of this variation is called "Restart". The Organic effect comes from events that took place in the third quarter 2022 and that have a matching result last year, not necessary in the the same dates: VicenzaOro September, Tgold, Rimini Wellness, Enada. Abilmente Roma. In the third quarter also Tecnargilla, a biennial event, was held.
  • Enhancement of hosted events in the first half, with results that exceed 2019. Return of traditional hosted events to the normal dates compared with last year.

• Good performance of Congresses (79 events) with +5.7 €M of revenues increase, of which 5.5 €M arising from restart.

• 6 sports events in spring and summer 2022, some of which new.

41.0

1,3

•

Negative variation of Other effects due to the presence, in 2021, of covid contribution for 10,3€M

+29.3

9,9

•

Food, Stand Fitting and Cleaning grow by 29.3M€ especially in stand fitting sector (+24,5 €M), but

also in Food sector, with higher volumes than expected, both achieved by the Group initiatives and

1,1

29,9

external services.

5,2

5,4

9M21

9M22

Stand Fitting

Food

Cleaning

11/18/2022

2022 9m RESULTS

Development

Economics

11/18/2022

Strategic Actions Adopted

Memorandum of understanding with Koelnmesse for a strategic partnership that projects Sigep both on world locations where editions of Anuga will be scheduled, both towards new potentially profitable markets for both the fairs. «Sigep China» will take place in Schenzen in connection with Anufood.

Purchase of assets for the organization of the first edition of «Brasil Trading Fitness Fair» (nov 2022) in Sao Paulo (through Ieg Brasil Eventos).

Constitution of Italian Exhibition Group Deutschland GmbH, a german company directly controlled by Italian Exhibition Group S.p.A. in order to search new german customers to partecipate to italian and foreign exhibitions.

Acquisition of 75% of V-Group S.r.l., creator of the most important professional event of horticulture, landscape and garden in Italy and a leading European

reference: «My Plant & Garden»

Inflation continue to be a crucial theme: the Group is closely monitoring the trend of energy costs taking initiatives to reduce them during the coming winter and expecially next year, both in terms of investments and cost saving.

2022 9m RESULTS

Income Statement

Income Statement (M€)

3Q22

3Q21

%

9M22

9M21

%

change

change

Revenues

33,4

35,5

-5,8%

106,1

42,5

>100%

Operating costs

(22,7)

(16,7)

+35,6%

(73,9)

(27,1)

>100%

Personnel

(9,6)

(7,2)

+33,1%

(27,6)

(17,9)

+53,9%

EBITDA

1,2

11,6

-89,5%

4,7

(2,5)

>100%

Adjusted EBITDA

1,2

1,5

-19,3%

6,9

(12,1)

>100%

% Adj Ebitda Margin

3,6%

4,2%

6,5%

-28,5%

Amortisation

(3,8)

(3,4)

+10,9%

(11,4)

(11,5)

-0,9%

Impairment of Assets

0,0

(0,2)

-100,0%

(0,0)

(1,4)

-97,1%

Depreciation & Provision

(0,0)

(0,1)

-40,8%

(1,6)

(1,3)

+23,3%

EBIT

(2,6)

7,9

<-100%

(8,4)

(16,7)

-49,9%

Adjusted EBIT

(2,7)

(2,2)

+21,4%

(6,1)

(23,7)

-74,2%

% Adj Ebit Margin

-7,9%

-6,2%

-5,8%

-55,8%

Equity Investements Results

0,0

(0,0)

-100,0%

0,2

(0,3)

>100%

Financial Results

(0,3)

(0,6)

-60,0%

0,2

(1,7)

>100%

Financial Revenues (Charges)

(0,7)

(0,6)

+22,6%

(1,9)

(1,9)

-2,1%

Changes in IRS MTM

0,8

0,1

>100%

2,8

0,7

>100%

IFRS16 Financial Charges

0,0

(0,1)

>100%

(0,2)

(0,2)

+0,0%

Financial charges on PUT Options

(0,2)

(0,0)

>100%

(0,2)

(0,2)

+0,0%

Gain/(Losses) on Foreign Exchange

(0,2)

(0,0)

>100%

(0,4)

(0,1)

>100%

Profit before Tax

(2,9)

7,3

<-100%

(8,0)

(18,7)

-57,3%

% PBT Margin

-8,7%

20,5%

-7,5%

-44,0%

Taxes

(0,4)

(0,1)

>100%

(0,9)

(0,4)

>100%

Tax rate

12,4%

-1,0%

11,1%

2,0%

Net income

(3,3)

7,2

<-100%

(8,9)

(19,1)

-53,5%

% Net Income Margin

-9,7%

20,3%

-8,4%

-44,8%

of which:

Minority Interests

(0,9)

(0,4)

>100%

(1,3)

(1,6)

-18,4%

Parent Company Net Income

(2,3)

7,6

<-100%

(7,6)

(17,5)

-56,6%

11/18/2022

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Italian Exhibition Group S.p.A. published this content on 18 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2022 16:48:07 UTC.