Slides
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Fiera Milano Results as of 31 December 2024 12 March 2025 A year of strong execution, exceeding expectations and setting the path for continued growth
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TODAY’S SPEAKERS 2 CEO & General Manager > 20 years in Fiera Milano Chief Financial Officer 6 years in Fiera Milano Head of Investor Relations, Sustainability & Management System 3 years in Fiera Milano ▪ Relevant experience: ▪ CEO and General Manager of Fiera Milano Congressi, Marketing Director of Fiera Milano ▪ Relevant experience: ▪ Group Planning & Control Director at Fiera Milano, CFO at Fiat Chrysler Automobiles UK and Belgium ▪ Relevant experience: ▪ Investor Relations & ESG Manager at Cerved Group, M&A and Equity Capital Markets Associate at Mediobanca FRANCESCO CONCI MASSIMO DE TULLIO VINCENZO CECERE
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AGENDA 01 02 03 EXECUTIVE SUMMARY BUSINESS REVIEW FINANCIAL REVIEW 04 ESG ACHIEVEMENTS Appendix
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EXECUTIVE SUMMARY
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29,0 19,1 2023 2024 45,5 19,1 2023 2024 DELIVERING STRONG PERFORMANCE IN A SEASONALLY WEAK PERIOD… 97,1 83,6 2023 2024 80,9 77,8 At 31 Dec 2023 At 31 Dec 2024 EBITDA NET INCOME NET CASH -13,6 283,8 273,2 2023 2024 REVENUES -26,3 -3,1m (€m) …DESPITE TYPICAL NEGATIVE EVEN-YEAR SEASONAL CALENDAR EFFECT STRONG LIKE-FOR-LIKE REVENUE GROWTH ACROSS ALL BUSINESS LINE ▪ Revenue decrease of 10,7 million euro vs 2023 resulting from: performance effect of 52,2 million of euros (meaning a like-for-like growth of +24% vs 2023), driven by a +13% increase in sold area (volumes impact), a +35% rise in services, alongside strong congress business performance of +30% unfavorable seasonal calendar effect of 62,9 million euro: absence of the multi-year ITMA (122k sqm), Plast (49k sqm) and the biennial HOST (128k sqm) and Tuttofood (60k sqm), an effect partially offset by the presence of the biennials Mostra Convegno Expocomfort (86k sqm) and Transpotec & Logitec (50k sqm) -9,8* ** 2023 includes €16.5m of Tuttofood transaction ** continuing operations * 2023 does not include €16.5m of Tuttofood transaction -10,7 (€m) (€m) (€m) ORGANIZED + 25% + 9% + 30% + 35% HOSTED CONGRESSES SERVICES 5
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247 280 74 122 220 284 273 320-340 2018 2019 2020 2021 2022 2023 2024 2025 32 106 10 74 58 97 84 110-120 2018 2019 2020 2021 2022 2023 2024 2025 24 68 -24 47 30 81 78 2018 2019 2020 2021 2022 2023 2024 Revenues (€m) Ebitda (€m) Net Cash (€m) IFRS 16 REVENUES AND EBITDA BEYOND PRE-COVID LEVELS … WITH 2024 EXCEEDING ALL THE GUIDANCE EXPECTATIONS… CONNECT (feb- 21) €65-75m EBITDA 2024 Guidance Q1 Guidance Q3 €75-80m ACTUAL €84m = GUIDANCE EXCEEDED Dividend per share proposal increase from €0.14 to €0.20 4.47% Dividend Yield* …EXCEEDING EXPECTATIONS… €255-265mGuidance Q1 REVENUES 2024 ACTUAL €273m €65-70mGuidance Q1 NET CASH 2024 ACTUAL €78m 6*based on FM price at 30/12/2024
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1.1 PORTFOLIO STRENGTHENING 1.2 EXPANSION OF CONGRESSES 1.3 BECOME AN INTEGRATED SERVICE PROVIDER 1.4 DEVELOPING THE ENTERTAINMENT BUSINESS …AND ACCELERATING ON 2024-2027 STRATEGIC PLAN EXECUTION Organized Hosted Allianz-Mico expansion M&A 7
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STRONG CONFIDENCE IN 2025 EBITDA GUIDANCE (€110-120M) BACKED BY A FAVORABLE ODD-YEAR CALENDAR AND NEW EVENTS FEB APR MAY JUN JUL AUG SEP OCT NOV DEC JAN MAR New event Biennial Multi-year 8
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WITH SUSTAINABILITY BECOMING AN EVER-GROWING COMPETITIVE ADVANTAGE Improving ESG Rating Min Max 16.7 (2022) ESG Risk 19.6 (2021) 12.3 (2024) New Employee Share Ownership Plan Anti-corruption certification ISO 37001 PAD Futuro Reducing Environmental Impact Human Capital Development Increase Customer Satisfaction 16.618 9.686 2023 2024 38% 65% 2023 2024 46% 49% 2023 2024 FULL COVERAGE HEALTH INSURANCE 2023 2024 3,6/5 CO2 emissions Scope 1 + 2 tCO₂e % Renewable sources Training hours% women in management 7.024 18.109 9
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BUSINESS REVIEW
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2023 2024 Δ (€) Δ (%) Revenues (€m) 241.3 216.5 -24.8 -10.3% EBITDA (€m) 79.7 59.8 -19.9 -25.0% N. exhibitions 44 38 o/w directly organized 14 12 o/w hosted 30 26 Square meters 1,292,070 1,212,140 2023 2024 Δ Growth (€) Δ Growth (%) Revenues (€m) 3.9 8.6 +4.7 +120.7% EBITDA (€m) 4.0 5.6 +1.6 +39.9% N. Exhibitions 29 30 o/w directly organized 29 30 Square meters 501,240 493,605 2023 2024 Δ Growth (€) Δ Growth (%) Revenues (€m) 47.0 60.5 +13.6 +28.9% EBITDA (€m) 13.4 18.2 +4.7 +35.3% n. congresses 132 152 o/w with exhibition area 55 68 Square meters 88,870 138,615 Fiera Milano Consolidated 2023 2024 Δ (€) Δ (%) Revenues (€m) (net of Elisions) 283.8 273.2 -10.7 -3.8% EBITDA (€m) 97.1 83.6 -13.6 -14.0% N. Exhibitions 73 68 o/w directly organized 43 42 o/w hosted 30 26 Square meters consolidated (A+B+C) 1,882,180 1,844,360 B C B A C + + A SNAPSHOT OF DIVISIONAL RESULTS – LEGAL ENTITIES VIEW 76% 3% 21% ▪ Revenue decrease of 10.3% due to a negative calendar effect (more details in the next slide) marked by the absence in 2024 of the biennial events Host and Tuttofood, as well as the multi- year hosted events ITMA and Plast. Strong overall performance of annual events, as well as the biennial Mostra Convegno Expocomfort, Transpotec and CPhI ▪ EBITDA decrease of 25.0% which reflects the aforementioned negative calendar effect, largely offset by the positive performance trend, as well as the decrease in energy costs and personnel expenses. ▪ Revenue growth of + 120.7% primarily due to: ▪ Successful exhibitions in Brazil: Fisp (20k sqm) further amplified by the positive performance of the annual exhibition Exposec (14k sqm) with +10% in occupied sqm vs 2023 and the new Fruit Attraction (3k sqm) ▪ Good performance of Cape Town Art Fair in South Africa (+6% in occupied sqm vs 2023) ▪ EBITDA increased by €1.6million, primarily driven by the strong performance in Brasil ▪ Revenue growth of + 28.9% primarily due to higher revenue from recurring events also present in 2023 (Salone del Risparmio, Salesforce and AWS Summit) and additional revenue coming from a higher number of non-recurring international congresses (IAC – International Astronautical Congress, ENLIT Europe, and EASL – The Home of Hepatology) ▪ EBITDA growth of +35.3% largely attributed to the aforementioned revenue trend At consolidated level: ▪ REVENUE -3.8% ▪ EBITDA -14.0% ▪ EBITDA MARGIN OF 30.6% Italian Exhibition Business Foreign Exhibition Business Congresses 11
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REVENUE GROWTH CONTRIBUTION - BUSINESS LINE VIEW (-) CALENDAR EFFECT: € (62.9)m ▪ +38m presence of MCE (86k sqm), Transpotec (50k sqm), NME (11k sqm), Venditalia (13k sqm), Xylexpo (14k sqm), Bimu (24k sqm), CPHI (123k sqm), Simei (31k sqm) and Fruit Attraction in Brasil (3k sqm) • (100.9)m absence of Host (128k sqm), ITMA (122k sqm), Plast (49 sqm), Made in Steel (16k sqm), Issa Pulire (14k sqm), Lamiera (18k sqm), Tuttofood powered by Cibus (60k sqm) and Vitrum (8k sqm) (+) PERFORMANCE EFFECT €52.2m 2024 vs 2023 -10.7m 12 +13,6 Digital, Data, Media +4,7 Foreign Business Congresses +0,9 Entertainment +2,7 Other (logistic services, off-site revenues, education…) 2024 -39,2 Organized +5,6 Hosted +0,7 Physical Services2023 +0,4 € 283.8m € 273.2m Area revenues growth (net of calendar effect): +25% Area revenues growth (net of calendar effect): +9% Revenue growth physical + digital services (net of calendar effect) +35% Congresses +30%
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FIERA MILANO 2024 SQM GROWTH CHAMPIONS SELECTED ITALIAN EXHIBITIONS ORGANIZED 16 27 2023 2024 +70% + SQM (k) SQM GROWTH % 2024/ last edition 16 17 2023 2024 +7% 34 36 2023 2024 +5% 10 11 2022 2024 +10% HOSTED SQM (k) SQM GROWTH % 2024/ last edition 54 68 2023 2024 +26% 38 46 2023 2024 +21% 78 86 2022 2024 +11% 25 28 2023 2024 +12% Spring + autumn editions Spring + autumn editions 13 120 127 2023 2024 +7% 50 53 2023 2024 +7%
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FINANCIAL REVIEW
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INCOME STATEMENT Consolidated Income Statement (€m) 2023 2024 Δ 24/23 Revenues 283.8 273.2 -10.7 Cost of materials 3.8 2.8 -1.0 Cost of services 134.7 138.6 +4.0 Personnel expenses 55.4 53.5 -1.9 Other operating expenses 5.0 5.1 +0.1 Total operating costs 198.8 200.0 +1.2 Other income 5.4 4.7 -0.7 Results of equity-accounted companies 6.9 5.9 -1.0 Allowance for doubtful accounts 0.3 0.2 0.0 EBITDA 97.1 83.6 -13.6 Depreciation and amortisation 51.5 51.5 0.0 Adjustments to asset values 0.8 0.2 -0.7 EBIT 44.8 31.9 -12.9 Financial income/(expenses) -8.8 -7.4 +1.4 Profit/(loss) before income tax 36.0 24.5 -11.5 Income tax 7.0 5.4 -1.7 Profit/(loss) from continuing operations 29.0 19.1 -9.8 Profit/(loss) from discontinued operations 16.5 - -16.5 Profit/(loss) 45.5 19.1 -26.3 - o/w attributable to the shareholders of the controlling entity 45.5 19.3 -26.2 - o/w attributable to non-controlling interests 0.0 -0.1 -0.1 1 2 3 4 1 2 3 4 ▪ Revenues: go from Euro 283.8m in 2023 to Euro 273.2m in 2024, showing a decrease of Euro -10.7m. This change is mainly due to: ▪ Positive performance effect of Euro 52.2m, corresponding to a like-for-like growth of +24%. The main areas contributing to this performance effect are: ▪ Sales of exhibition spaces (area): +13% (in particular MCE, I Saloni, MIDO, Quick & More and BIT) ▪ Physical and digital services: +35% growth ▪ Congresses: +30% growth ▪ Negative calendar effect of Euro (62.9)m due to the absence in the year of the biennial events Host and Tuttofood powered by Cibus as well as the multi-year hosted events ITMA and Plast, an effect partially offset by the presence of the biennial events Mostra Convegno Expocomfort, Transpotec and the traveling event CPhI Worldwide ▪ EBITDA: goes from Euro 97.1m to Euro 83.6m, a negative change of Euro -13.6m, which reflects the negative calendar effect which has an impact not only on the exhibition business, but also on the company in joint venture with the partner Deutsche Messe AG (in relation to the absence of PTC Asia and Cemat) and on the associated company Fiere di Parma (due to the absence of Tuttofood); this effect was partly offset by the positive performance trend ▪ Financial management: positive change of Euro +1.4m mainly resulting from the decrease in interest expense in relation to the lower average debt on both short and medium-long term maturities ▪ The net result for the period from continuing operations amounted to Euro 19.1m, reflecting a decrease of Euro -9.8m compared to Euro 29.0m in 2023, due to the aforementioned impacts. The total net result for 2024 showed a decrease of Euro -26.3m compared to Euro 45.5m in 2023, as the 2023 result included Euro 16.5m related to discontinued operations (capital gain from the Tuttofood transaction). 15 *Note: For the evaluation of the data it is important to consider that the Group's activity is subject to seasonality due to the presence of biennial and multi-annual exhibitions. This phenomenon makes it more difficult to compare different financial years.
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Balance Sheet (€m) 2023 2024 Δ 24/23 Goodwill 95.0 95.0 0.0 Intangible assets with a finite useful life 12.2 9.0 -3.2 Right-of-use assets 362.0 308.6 -53.4 Tangible fixed assets 11.5 7.4 -4.0 Other non-current financial assets 1.1 0.0 -1.1 Other non-current assets 90.4 89.3 -1.1 A Non-current assets 572.2 509.4 -62.8 Inventory and contracts in progress 2.3 7.8 5.6 Trade and other receivables 40.6 51.2 10.6 B Current assets 42.8 59.0 16.2 Trade payables 65.3 68.7 3.4 Payments received on account (advances) 39.8 40.3 0.5 Tax liabilities 2.9 2.0 -0.9 Provisions for risks and charges and other current liabilities 33.0 34.0 1.0 C Current liabilities 141.0 144.9 3.9 D Net working capital (B - C) -98.2 -85.9 12.2 E Gross capital employed (A + D) 474.0 423.5 -50.5 Employee benefit provisions 7.5 8.2 0.8 Provisions for risks and charges and other non- current liabilities 3.8 4.4 0.6 F Non-current liabilities 11.2 12.6 1.4 G NET CAPITAL EMPLOYED cont. operations (E - F) 462.8 410.9 -51.9 H NET CAPITAL EMPLOYED assets held for sale 0.0 0.0 0.0 TOTAL NET CAPITAL EMPLOYED (G + H) 462.8 410.9 -51.9 covered by: Equity attributable to the Group 147.9 156.7 8.8 Equity attributable to non-controlling interests 0.5 0.4 -0.1 I Total equity 148.4 157.1 8.6 Cash & cash equivalents -99.8 -72.4 27.4 Current financial (assets)/liabilities 43.3 31.8 -11.5 Non-current financial (assets)/liabilities 370.9 294.5 -76.5 Net financial debt of continuing operations 314.4 253.8 -60.6 Net financial debt of assets held for sale 0.0 0.0 0.0 L Net financial debt (TOTAL) post IFRS16 314.4 253.8 -60.6 EQUITY AND NET FINANCIAL DEBT (I + L) 462.8 410.9 -51.9 Net Financial Debt/(Cash) pre IFRS16 -80.9 -77.8 -3.1 BALANCE SHEET, NET WORKING CAPITAL, NET FINANCIAL POSITION AND CASH FLOW 1 16 3 1 ▪ Net Working Capital goes from Euro (98.2)m at 31/12/2023 to Euro (85.9)m at 31/12/2024. The change of Euro 12.2m is mainly attributable to the increase in "Trade and other receivables" due to the increase in both unexpired receivables related to events that took place in the last part of 2024, and the increase in invoicing relating to future events. This effect was partially offset by the increase in payables to suppliers ▪ Net Financial Debt (pre-IFRS16) goes from a net cash availability of Euro 80.9m at 31/12/2023 to an availability of Euro 77.8m at 31/12/2024 ▪ The decrease of Euro 3.1m mainly refers to the cash generation from the year's results, which was more than offset by the change in the rent payment terms (effective from 2024, shifting from quarterly payments in arrears to quarterly payments in advance), as well as the distribution of a dividend of approximately Euro 10m and the purchase of treasury shares of approximately Euro 1.2m 80.9 77.8(3.1) Net Cash 31/12/23 Free Cash Flow Net Cash 31/12/2024 CASH FLOW (€m) From 31/12/23 to 31/12/2024 EBITDA 83.6 IFRS16 cash out (rents) (56.0) Δ Net Working Capital (12.2) Capex (4.8) Operating Cash Flow 10.6 Tax payment (2.5) Dividends (10.0) Buyback (1.2) Free Cash Flow (3.1) o/w Additional Rent Installment (14.0) o/w Reduction of Financial Debt 14.02 *Note: For the evaluation of the data it is important to consider that the Group's activity is subject to seasonality due to the presence of biennial and multi-annual exhibitions. This phenomenon makes it more difficult to compare different financial years.
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GUIDANCE Millions of euros 2025 2026 2027 Revenues 320-340 305-325 355-375 EBITDA 110-120 90-100 120-130 EBITDA Margin (mid-point) ~34% EBITDA Margin ex. IFRS 16 (mid-point) ~20% Net Cash Investment Plan ~88 of which Fiera Milano ~53 of which Fondazione Fiera Milano ~35 Overall financial availability 151-171 of which allocated to dividends At least 40 (~10/ year) of which allocated to investments in M&A operations 111-131 In 2027 Fiera Milano expects to achieve: ▪ Revenues between Euro 355 and 375 million ▪ An estimated EBITDA between Euro 120 and 130 million ▪ Over the 2024-2027 plan period, total investments amounting to Euro 88 million are planned, of which Euro 35 million will be supported by Fondazione Fiera Milano for the development of infrastructure projects ▪ The economic and financial results over the plan period anticipate strong cash generation, resulting in an overall financial availability expected to range between Euro 151 and 171 million over the plan period ▪ Of this availability, at least Euro 40 million will be allocated to shareholder remuneration in the form of dividends, highlighting Fiera Milano's commitment to create value for stakeholders ▪ The remaining liquidity, estimated between Euro 111 and 131 million, will be directed to supporting corporate growth through external lines ▪ Further recourse to debt to finance potential strategic acquisitions is not ruled out CONFIRMED 17
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ESG COMMITMENT
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ESG SCORECARD 16% 44% 40% > 50 years 30-50 years < 30 years SocialEnvironment Governance Total CO2 emissions (tCO2eq) % Renewable sources used % Carpet used sent to recovery Employees Diversity Age Gender Customer Satisfaction Index Visitors Board independence Board diversity 78%22% Independent Non-independent 56% 44% Female Male Sustainability governance As of 31/12/2024 Improving ESG Rating Sustainability Committee (internal board committee) Sustainability Team Ambassadors Certifications Hours of training LONG TERM Incentive (LTI) SHORT TERM Incentive (MBO) 43% 57% Men Women ▪ 50k photovoltaic panels ▪ 18 MWp total installed power ▪ Reduction CO2 target: - 60% by 2027 - 80% by 2030 Min Max 16.7 (2022) ESG Risk 19.6 (2021) 12.3 (2024) Community 2019 2020 2021 2022 2023 2024 24,951 12,045 14,486 17,838 16,618 9,686 2019 2020 2021 2022 2023 2024 12% 21% 30% 37% 38% 65% 100% 96.5% Non-recycled waste Recycled waste % Recycled waste 2023 2024 +158% 7,024 18,109 20% ▪ New Share Plan for the employees Welfare FULL COVERAGE HEALTH INSURANCE 672 +5% vs 2023 Attraction Retention 2023 2024 Employee turnover 14% 8.7%93 new hires 52% <30 years 66% women 15-20% ESG Weight
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APPENDIX 1 EXHIBITIONS DETAILS
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Directly Organized - Bit (A) 16,165 17,225 - Miart (A) 8,930 9,225 - Milan Games Week (A) 33,930 35,545 - Milano Fashion&Jewels (I semester) (A) 12,630 12,760 - Milano Fashion&Jewels (II semester) (A) 12,850 14,870 - Milano Home (A) 16,010 19,675 - Promotion Trade Exhibition (A) 2,925 4,710 - Quick & More* (A) - 7,545 - Salone del Franchising (A) 3,770 5,405 - SposaItalia (A) 8,410 7,830 - NME* (B) - 10,515 - Transpotec & Logitec (B) - 49,690 - Global Elevator Exhibition (B) 7,040 - - Host (B) 128,350 - - Made Expo (B) 32,545 - - Sicurezza (B) 17,260 - - Smart Building Expo (B) 4,935 - Total Directly Organized 305,750 194,995 Hosted - Artigiano in Fiera (A) 49,715 53,235 - Eicma Moto (A) 119,600 127,465 - Fa la cosa giusta (A) 6,110 6,745 - Filo (I semester) (A) 1,385 1,545 - Filo (II semester) (A) 2,780 2,440 - I Saloni** (A) 171,075 176,460 - LineaPelle (I semester) (A) 44,020 45,540 - LineaPelle (II semester) (A) 47,570 48,830 - Mido (A) 37,980 45,940 - Milano Auto Classica (A) 24,105 22,720 - Milano Unica (fall) (A) 29,075 37,140 - Milano Unica (spring) (A) 24,520 31,205 - Mipel (March) (A) 4,420 4,500 - Mipel (September) (A) 4,440 4,140 - My Plant & Garden (A) 25,360 26,775 - Simac Tanning-Tech (A) 14,565 14,795 - The Micam (fall) (A) 35,880 32,875 - The Micam (spring) (A) 35,100 32,100 - The ONE Milano (February) (A) 3,710 3,970 - Viscom (A) 9,855 7,800 - Bimu (B) - 24,375 - Mostra Convegno Expocomfort (B) - 85,925 - Simei (B) - 31,175 - Venditalia (B) - 12,960 - Xylexpo (B) - 13,675 - Expoferroviaria (B) 7,245 - - ISSA Pulire* (B) 13,980 - - Lamiera (B) 18,395 - - Made in Steel (B) 16,380 - - Tuttofood powered by Cibus** (B) 59,660 - - Vitrum (B) 8,455 - - CPHI (M) - 122,815 - ITMA (M) 121,950 - - Plast (M) 48,990 - Total Hosted 986,320 1,017,145 Total Italian Exhibitions 1,292,070 1,212,140 Manifestazioni Italia – metri quadrati Italian Exhibitions Net square meters EXHIBITIONS AND CONGRESSES IN 2024 FY 2023 FY 2024 * The exhibition was held for the first time ** Starting from 2023, Salone del Mobile, Euroluce, Workplace, Eurocucina, and Salone del Bagno exhibitions are presented in an aggregated format under I Saloni. (A) = Annual (B) = Biennial (M) = Muti-year 9M 2022 9M 2023 China - CeMAT Asia Shanghai (A) 39,410 38,520 - Chinafloor Domotex Shanghai ° (A) 69,800 67,350 - China International Fastener Show ° (A) 15,255 15,760 - China International Stainless Steel Industry Exhibition ° (A) 2,990 3,210 - Chengdu Industrial Professional Expo *° (A) - 4,000 - Chengdu International Industry Fair ° (A) 13,590 12,880 - Comvac Asia (A) 10,625 12,090 - E-Pack Tech Shanghai (A) 455 325 - GITF International Tour Guangzhou (A) 6,110 4,760 - Heavy Machinery Asia (A) 2,000 5,355 - Industrial Automation Shanghai ° (A) 33,810 31,525 - Industrial Automation Shenzen ° (A) 11,630 9,955 - Industrial Automation Robotic Show South China ° (A) 3,800 2,000 - ISEE & CEFE Beijing/Hangzhou ° (A) 9,230 10,185 - Laser Fair Shenzen (A) 7,460 5,060 - Let China Guangzhou (A) 14,895 18,340 - Metal + Metallurgy (A) 405 275 - Metalworking and CNC Mach. Tool Shanghai ° (A) 34,565 32,130 - Motor Show Chengdu ° (A) 91,085 90,415 - Northern International Logistics and Transportation Technology Expo Jinan * ° (A) - 5,360 - PTC Asia Shanghai (A) 44,380 37,735 - Wuhan Motor Show ° (A) 38,335 35,735 - Xiamen International Industry Exposition ° (A) - 1,420 - International Cold Chain Exhibition ° (A) 595 a) - ZZILE Zhengzhou (A) 5,500 a) - China Commercial Vehicle Show ° (B) 20,000 - South Africa - Cape Town Art Fair (A) 3,855 4,105 Brasil - Exposec (A) 12,430 13,625 - Fruit Attraction São Paulo *° (A) - 2,860 - Reatech (A) 2,290 1,765 - Esquadria Show *° (B) - 1,000 - Fisp (B) - 19,900 - Tubotech (B) 1,240 - - Wire South America (B) 1,030 - Singapore - FIND - Design Fair Asia (A) 4,470 5,965 Total Foreign Exhibitions 501,240 493,605 Foreign Exhibitions Net square meters FY 2023 FY 2024 * The event is in its first edition. ° The event is organized in partnership a) The event did not take place Congresses FY 2023 FY 2024 152 events132 events 21
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Investor relations: investor.relations@fieramilano.it Sustainability: sustainability@fieramilano.it Investor Relations https://investors.fieramilano.it/en Sustainability www.fieramilano.it/en/sustainability.html 2025 Exhibition Calendar www.fieramilano.it/en/calendario.html CONTACTS: Thank you
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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 neither this Presentation nor anything contained herein shall form the basis of, or be relied upon in connection with, or act as an inducement to enter into, any contract or commitment whatsoever. The information contained in this Presentation has not been independently verified and no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness, reasonableness or correctness of the information or opinions contained herein. None of Fiera Milano S.p.A., its subsidiaries or any of their respective employees, advisers, representatives or affiliates 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 Presentation. The information contained in this Presentation is provided as at the date of this Presentation and is subject to change without notice. Statements made in this Presentation may include forward-looking statements. These statements may be identified by the fact that they use words such as “anticipate”, “estimate”, “should”, “expect”, “guidance”, “project”, “intend”, “plan”, “believe”, and/or other words and terms of similar meaning in connection with, among other things, any discussion of results of operations, financial condition, liquidity, prospects, growth, strategies or developments in the industry in which we operate. Such statements are based on management’s current intentions, expectations or beliefs and involve inherent risks, assumptions and uncertainties, including factors that could delay, divert or change any of them. Forward-looking statements contained in this Presentation regarding trends or current activities should not be taken as a representation that such trends or activities will continue in the future. Actual outcomes, results and other future events may differ materially from those expressed or implied by the statements contained herein. Such differences may adversely affect the outcome and financial effects of the plans and events described herein and may result from, among other things, changes in economic, business, competitive, technological, strategic or regulatory factors and other factors affecting the business and operations of the company. Neither Fiera Milano S.p.A. nor any of its affiliates is under any obligation, and each such entity expressly disclaims any such obligation, to update, revise or amend any forward-looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on any such forward-looking statements, which speak only as of the date of this Presentation. It should be noted that past performance is not a guide to future performance. Please also note that interim results are not necessarily indicative of full-year results.