FNM S.P.A. FNM Group
Investor Presentation
June 2023
The FNM Group
Key strategic initiatives
1Q23 Economic & Financial Results
Strategic Plan Guidelines
Economic & Financial Targets 2021 - 2025
Appendix
2
Group Overview
- Established in 1877, 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
- The reference shareholder is Regione Lombardia, which holds a 57.6% stake
Shareholders' structure
Free float | Regione |
27.69% | Lombardia |
57.57% |
Ferrovie dello Stato
14.74%
3
Geographical presence
Presence in Italy's most
prosperous region
- GDP per capita among the highest in the EU, about 35% higher than the Italian average and 25% higher than the EU average1
- Regional unemployment rate at 5.9%, far below the Italian and European average (9.5% and 7.0% respectively)1
- One of the most developed production systems in Europe with more than 800K companies and one of the highest rates of entrepreneurship
Integrated multimodal mobility player:
1
Interconnected with major national and international hubs
2 Centered around the densely populated area of Milan
3
Diversified revenues, income profile and regulatory risk
1 -Source: Eurostat. Gross domestic product (GDP) at current market prices by NUTS 2 regions by Eurostat, last update 16/02/2023 Unemployment rates NUTS 2 regions from 15 to 74 years by Eurostat, last update 16/02/2023
4
Main financial highlights
Revenues
474.1 543.7 605.4
300.6
2019 | 2020 PF* | 2021 PF* | 2022 | |
FNM Reported | ||||
279.5 | 514.0 | |||
Adjusted Net Result
Adjusted EBITDA
193.1 | |
149.3 | 165.3 |
69.6
2019 | 2020 PF* | 2021 PF* | 2022 | |
FNM Reported | ||||
70.1 | 153.5 | |||
Adjusted NFP
22.9
Including €52mln financial charges deriving from IAS/IFRS first time adoption on MISE
68.8
45.6
Bond for €650mln
issued on 13 October
2021 in connection with the acquisition of MISE
755.6 766.9
(2.3)
2019 | 2020 PF* | 2021 PF* | 2022 | |
FNM Reported | ||||
22.7 | 37.4 | |||
43.8
(39.3)
2019 | 2020 PF* | 2021 PF* | 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 occurred on | |
1 | January 2020. | 5 |
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Disclaimer
FNM S.p.A. published this content on 15 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 June 2023 08:21:01 UTC.
