FNM Group

9M 2022 RESULTS

November 11th 2022

FNM Group| Overview

2

Overview

Economic & Financial Results

  • Financial highlights
  • Mobility demand in the period
  • 9M 2022 consolidated results

FY 2022 Outlook

Appendix

FNM Group| 9M 2022 Highlights

Il gruppo in breve

REPORTED1

PRO FORMA2

(in mln € )

447.2

(in mln € )

447.2

Revenues

+22%

Revenues

+13%

367.3

397.0

155.7

155.7

Adj. EBITDA

3

+25%

Adj. EBITDA3

+15%

124.1

135.9

EBIT

87.1

EBIT

87.1

+26%

+17%

68.9

74.5

Adj. Net Result4

58.3

+52%

Adj. Net Result4

58.3

+35%

38.3

43.3

Net Result

38.4

+71%

Net Result

38.4

+43%

22.4

26.8

9M22

9M21

9M22

9M21

30 Sep. 2022

31 Dec. 2021

Adj. NFP 5

739.4

-2.1%

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

-28.2%

56.2

2.7

40.4

30.4

32.7

2.1

0.9

53.5

1.1

+23.2%

38.3

31.8

29.3

9M 2019

9M 2020

9M 2021

9M 2022

FNMA

ATV

(mln passengers)

Trenord

-30.1%

152.9

106.9

72.779.6

+34.3%

9M 2019

9M 2020

9M 2021

9M 2022

(mln passengers)

MISE

-5.2%

2,362.0

2,240.0

1,933.6

1,623.1

+15.8%

1,909.4

1,234.3

1,480.2

1,771.7

452.6

388.8

453.4

468.3

9M 2019

9M 2020

9M 2021

9M 2022

Light vehicles

Heavy vehicles

(mln vehicles-km)

APL

+6.2%

224.3

211.2

177.1

144.8

+26.7%

170.8

137.3

178.6

112.4

40.4

32.4

39.8

45.8

9M 2019

9M 2020

9M 2021

9M 2022

Light vehicles

Heavy vehicles

(mln vehicles-km)

5

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Disclaimer

FNM S.p.A. published this content on 11 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2022 13:11:05 UTC.