FNM S.P.A. FNM Group
IH 2022 RESULTS
September 29th 2022
FNM Group| Overview
Ro.S.Co. &
Services
• Leasing of rolling stock
• Provision of corporate services and real estate management services
• Development of complementary digital platforms according to MaaC paradigm
Railway
infrastructure
• Management of railway infrastructure in Lombardy
• Intermodal terminal management
Road
passenger mobility
• Management of road local public transport
• Electric car sharing
Motorways
• Concession- based
management of motorway infrastructure
COMPANIES FULLY CONSOLIDATED | COMPANIES VALUED AT EQUITY | |
40
%
La Linea 80 Scarl | 50.3% |
Tangenziali Esterne di Milano | 22,5% | |
1. | Companies managing complementary digital platforms, allowing the implementation of Mobility as a Community (MaaC) paradigm. Sportit is active under the brads Snowit and Bikeit. | |
2. | Companies operating in the freight mobility and logistics sector, at present included respectively in the Railway infrastructure and in Ro.S.Co. & Services segments. Malpensa Intermodale and Malpensa Distripark are in a start-up phase | 2 |
3. | Company operating in the Road passenger mobility segment, but considered in the Ro.S.Co. segment for the purposes of preparing the financial statements | |
4. | Companies fully consolidated since February 26, 2021 |
Overview
Economic & Financial Results
- Financial highlights
- Mobility demand in the period
- IH 2022 consolidated results
FY 2022 Outlook
Appendix
FNM Group| IH 2022 Highlights
Il gruppo in breve
REPORTED1 | PRO FORMA2 |
(in mln € )
Revenues
Adj. EBITDA 3
EBIT
Adj. Net Result 4
Net Result
294.0 | (in mln € ) | 294.0 | ||||||||||||
+30% | Revenues | +15% | ||||||||||||
225.5 | 255.2 | |||||||||||||
93.4 | Adj. EBITDA 3 | 93.4 | ||||||||||||
+42% | +20% | |||||||||||||
65.8 | 77.6 | |||||||||||||
46.0 | EBIT | 46.0 | ||||||||||||
+43% | +22% | |||||||||||||
32.1 | 37.7 | |||||||||||||
29.8 | Adj. Net Result 4 | 29.8 | ||||||||||||
+85% | +41% | |||||||||||||
16.1 | 21.1 | |||||||||||||
21.4 | Net Result (8.1) | 21.4 | ||||||||||||
n.m. | n.m. | |||||||||||||
(12.5) | ||||||||||||||
IH22 | IH21 | IH22 | IH21 | |||||||||||
30 June 2022 | 31 Dec. 2021 | ||||||||||
Adj. NFP 5 | 756.6 | ||||||||||
+0.1% | Credit Ratings | Baa3 stable | BBB stable | ||||||||
755.6 | |||||||||||
1 | - For the purposes of P&L, in 2021 MISE is consolidated since February 26th. 2 - For the purposes of P&L, in 2021 MISE is consolidated starting from January 1st. 3 - Adjusted EBITDA: excluding extraordinary gains and losses | |
4 | - Adjusted Net Result: Net Profit (Loss) before recognition of the result of companies consolidated using the equity method | 4 |
5 | - Adjusted Net Financial Position: NFP calculated excluding cash and payables related to financial investments made in accordance with Regione Lombardia's "2017-2032 Rolling Stock purchase programme", with the aim of sterilizing the timing effects of contributions | |
collection and payments made to suppliers, recognized in accordance with IFRIC 12
FNM Group | Mobility demand in the period
Rebound of demand across all segments but still below pre-pandemic levels, heavy vehicle traffic volumes above 2019 levels
Bus transport
-28.9% | ||||||||||||||||||
39.5 | ||||||||||||||||||
2.2 | 28.1 | |||||||||||||||||
21.7 | ||||||||||||||||||
18.6 | 1.7 | |||||||||||||||||
37.3 | 0.7 | |||||||||||||||||
0.9 | +29.4% | |||||||||||||||||
17.7 | 21.0 | 26.4 | ||||||||||||||||
IH 2019 | IH 2020 | IH 2021 | IH 2022 | |||||||||||||||
FNMA | ATV | (mln passengers) | ||||||||||||||||
Trenord
-32.4%
110.2
74.5
51.449.9
+49.3%
IH 2019 | IH 2020 | IH 2021 | IH 2022 |
(mln passengers)
MISE | |||||||||
-6.7% | |||||||||
1,525.8 | 1,423.9 | ||||||||
904.8 | 1,135.7 | +25.4% | |||||||
1,222.6 | |||||||||
837.9 | 1,110.0 | ||||||||
660.2 | |||||||||
303.1 | 244.6 | 297.8 | 313.9 | ||||||
IH 2019 | IH 2020 | IH 2021 | IH 2022 | ||||||
Light vehicles | Heavy vehicles | (mln vehicles-km) | |||||||
APL | |||||||||
+6.5% | 148.3 | ||||||||
139.3 | |||||||||
110.0 | +34.8% | ||||||||
86.5 | |||||||||
112.3 | 117.5 | ||||||||
83.9 | |||||||||
66.2 | |||||||||
27.0 | 20.3 | 26.1 | 30.8 | ||||||
IH 2019 | IH 2020 | IH 2021 | IH 2022 | ||||||
Light vehicles | Heavy vehicles | (mln vehicles-km) | |||||||
5
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FNM S.p.A. published this content on 29 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 September 2022 11:43:08 UTC.
