FNM S.P.A. FNM Group
Investor Presentation
April 4th 2023
| Highlights
- FNM is as an integrated sustainable mobility operator guided by environmental, social and governance sustainability principles. The Group operates in rail and road LPT, electric car sharing and motorway segments
- Positive FY22 results, in line with guidance, thanks to mobility demand recovery
- Manageable inflation pressure thanks to business model resilience
- ESG rating of 7.4 received by Morningstar Sustainalytics. FNM ranks among the top 50 entities rated by Sustainalytics worldwide
- 2021-25 CAPEX €850mln, of which over one third in green activities included in the European Taxonomy, contributing to the achievement of 10 SDGs envisaged by the 2030 Agenda
- Solid capital structure consistent with investment grade rating, mostly fixed rate debt thanks to €650mln bond issued in October 2021
- Dividend pay-outstrategy consistent with Strategic Plan and leverage target subject to approval of shareholders' meeting
2
The FNM Group
FY22 Economic & Financial Results
Strategic Plan Guidelines
Economic & Financial Targets 2021 - 2025
Appendix
| Group Overview
THE GROUP AT A GLANCE
Established in 18771, FNM is the leading integrated sustainable |
mobility Group in Lombardy |
It is the first organization in Italy to combine Railway Infrastructure |
Management, Road Transport and Motorways |
The aim of the Group is to propose an innovative model to manage |
mobility supply and demand, designed to support optimization of |
flows as well as environmental and economical sustainability |
The Group's activities are divided into four main segments: |
FNM S.p.A. is a public company, listed on the Italian Stock Exchange |
since 1926 |
It is one of Italy's leading non-state investors in the sector |
KEY FIGURES3
98 | 702 | 124 | ||||
Owned Trains | Buses | |||||
Stations | ||||||
330 km | 185 km | 2.200 | ||||
Railway network | ||||||
Trains/day | ||||||
Motorway | ||||||
FERROVIENORD | network | TRENORD | ||||
SHAREHOLDER'S STRUCTURE | ||||||
Free float | Regione | |||||
27.69% | ||||||
Lombardia | ||||||
Integrated leading | 57.57% | |||||
player in transport and |
|
Ferrovie
mobility in Lombardy
The reference shareholder is Regione Lombardia, which holds a |
57.6% stake |
dello Stato
14.74%
1 - FNM S.p.A. was incorporated on 12 December 1877 under the original name of Società Anonima delle Ferrovie Nord Milano-Saronno e Milano-Erba
2 - Data at 31 December 2022 | 4 |
| Key Financial Indicators (€mln)
REVENUES | ADJ. EBITDA | EBIT |
605.4 | 193.1 | 101.1 |
543.7 | 165.3 | 86.0 |
474.1 | ||
149.3 | ||
66.8 |
300.6 | ||||||||||
30.3 | ||||||||||
69.6 | ||||||||||
2019 | 2020 PF* | 2021 PF* | 2022 | 2019 | 2020 PF* | 2021 PF* | 2022 | 2019 | 2020 PF* | 2021 PF* | 2022 |
FNM Reported
279.5
514.0
FNM Reported
70.1
153.5
FNM Reported
26.4
75.9
ADJ. NET RESULT
ADJ. NFP
22.9
Including €52mln financial charges deriving from IAS/IFRS first time adoption on MISE
68.8
45.6
755.6 766.9
Bond for €650mln
issued on 13 October
2021 in connection with the acquisition of MISE
43.8
(2.3) | |||||||
2019 | 2020 PF* | 2021 PF* | 2022 | ||||
FNM Reported | |||||||
22.7 | 37.4 | ||||||
(39.3) | |||
2019 | 2020 | 2021 | 2022 |
* MISE is fully consolidated in the FNM Group's financial statements starting on 26 February 2021. The values for 2021 consider the consolidation of MISE from 1 January 2021, 2020 was similarly restated as if MISE's consolidation had | 5 |
occurred on 1 January 2020. |
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Disclaimer
FNM S.p.A. published this content on 04 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 April 2023 12:47:10 UTC.
