Investors 2019

Actions for the steady growth

Highlights

Profit and Loss
Balance sheet
Cash flow statement

€ millions	9M 2020	9M 2019
PROFIT & LOSS
Revenue	471,1	535,9
Other Revenue	6,8	5,5
Total Revenue	477,9	541,4
Total operating costs	(399,4)	(451,2)
EBITDA	78,5	90,2
Amortization, Depreciation and Write-downs	(32,9)	(30,8)
EBIT	45,6	59,5
Net Financial Charges	(27,7)	(21,1)
Pre-Tax Profit	17,8	38,4
Total Income Taxes	(5,5)	(11,9)
Net Profit (loss) for the period	12,3	26,5
Non-controlling interest profit	(0,5)	1,3
F.I.L.A. Group Net Profit	12,8	25,2
-----------------------------------------------------------------------------------
P&L ADJUSTMENTS
REPORTED CORE BUSINESS REVENUES	471,1	535,9
Total Adjustments	0,2	-
ADJUSTED CORE BUSINESS REVENUES	471,3	535,9
REPORTED EBITDA	78,5	90,2
IFRS 16 Impact	(9,9)	(9,6)
Total Adjustments	9,5	7,5
ADJUSTED EBITDA	78,1	88,2
REPORTED F.I.L.A. GROUP NET PROFIT	12,8	25,2
Total Adjustments	6,8	6,0
ADJUSTED F.I.L.A. GROUP NET PROFIT	19,6	31,2
IFRS 16 Impact	(1,9)	(1,9)
ADJUSTED F.I.L.A. GROUP NET PROFIT EXCLUDED IFRS 16	21,5	33,1

Financial Reports

2020

2019

2018

2017

2016

2015

2014

F.I.L.A. S.p.A.

Presentations

2020

2019

2018

2017

2016

2015

Annual Corporate Events Calendar

2020

2019

2018

2017

2016

2015

March 25, 2020	2019 Draft Annual Accounts – Board of Directors
April 22, 2020	2019 Annual Accounts – Shareholders’ Meetings
May 15, 2020	Interim Report at March 31, 2020 – Board of Directors
August 5, 2020	2020 Half-Year Report – Board of Directors
November 13, 2020	Interim Report at September 30, 2020 – Board of Directors

March 20, 2019	2018 Draft Annual Accounts – Board of Directors
April 18, 2019	2018 Annual Accounts – Shareholders’ Meetings
May 15, 2019	Interim Report at March 31, 2019 – Board of Directors
August 6, 2019	2019 Half-Year Report – Board of Directors
November 13, 2019	Interim Report at September 30, 2019 – Board of Directors

March, 16 2018	Call of Shareholders Meeting for the renewal of the corporate bodies – Board of Directors
March, 21 2018	2017 Annual Accounts – Board of Directors’ performance review
April, 27 2018	Shareholders’ Meeting for the approval of 2017 Annual Accounts
May, 15 2018	Interim Report at March 31, 2018 – Board of Directors’ performance review
August, 3 2018	Half-Year Report at June 30, 2018 – Board of Directors’ performance review
November, 13 2018	Interim report at September 30, 2018 – Board of Directors’ performance review

March 21, 2017	2016 Annual Accounts – Board of Directors’ performance review
April 27, 2017	Shareholders’ Meeting for the approval of 2016 Annual Accounts
May 10, 2017	Interim Report at March 31, 2017 – Board of Directors’ performance review
August 3, 2017	Half-Year Report at June 30, 2017 – Board of Directors’ performance review
November 13, 2017	Inerim report at September 30, 2017 – Board of Directors’ performance review

March 22, 2016	2015 Annual Accounts – Board of Directors
April 29, 2016	Financial Statements as of December 31, 2015 – Shareholders’ Meeting
May 11, 2016	Interim Report at March 31, 2016 – Board of Directors
August 4, 2016	Half-Year Report at June 30, 2016 – Board of Directors
November 11, 2016	Interim Report at September 30, 2016 – Board of Directors

March 2, 2015	Draft Financial Statements as of December 31, 2014 – Board of Directors
April 2, 2015	Financial Statements as of December 31, 2014 – Shareholders’ Meeting
May 6, 2015	2015 First Quarter Report – Board of Directors
August 6, 2015	2015 Firts Half year Report – Board of Directors
November 13, 2015	2015 Third Quarter Report – Board of Directors

Any subsequent change of the information contained in the above calendar will be promptly notified in accordance with law and regulations.

F.I.L.A. on the Stock Market

Communication and storage of Regulated Information

For the sending and storage of Regulated Information, F.I.L.A. – Fabbrica Italiana Lapis ed Affini S.p.A. utilises the SDIR-NIS circuit and the storage mechanism NIS-STORAGE (www.emarketstorage.com), managed by BIt Market Services, a London Stock Exchange Group company, with registered office in Piazza degli Affari, 6, Milan.

Press Releases and Financial Notices

2020

2019

2018

2017

2016

2015

November

November 13th- CET 6.00 PM - PR 9M 2020 Results

August

May

May 15 - CET 5.45 PM - PR F.I.L.A. Group Q1 2020 Results

April

March

January

January 29 - CET 11.00 - PR 2020 Corporate Events Calendar

Analyst Coverage

Company	Analyst	Email
EQUITA SIM SpA	Alessandro Cecchini	a.cecchini@equitasim.it
Banca IMI	Gabriele Antonio Berti	gabriele.berti@intesasanpaolo.com
Banca Akros	Giada Cabrino	giada.cabrino@bancaakros.it
Intermonte SIM SpA	Francois Robillard	francois.robillard@intermonte.it
Mediobanca S.p.A.
BNP Exane	Michele Baldelli	michele.baldelli@exanebnpparibas.com
Kepler Cheuvreux	Niccolò Storer	nstorer@keplercheuvreux.com

IR Policy/Contacts

Communicating in an effective, transparent and timely manner with institutional and individual investors is a key strategy for the F.I.L.A. Group, both at a national and international level. Our IR policy seeks to keep investors fully up-to-date, giving them an active role in the creation of value for the Group.

Contatti IR

Stefano De Rosa
CFO e IR Manager

Cristian Nicoletti
Investor Relations

Francesca Cocco
Investor Relations

Email:
ir@fila.it

€ millions	September 2020	December 2019
BALANCE SHEET
Net Fixed Assets	628,2	620,3
Other Non Current Assets/Liabilities	19,4	18,3
Net Working Capital	343,0	294,9
Provisions	(80,1)	(78,0)
NET CAPITAL EMPLOYED	910,5	855,5
Equity	(341,5)	(357,3)
Net Financial Position	(569,0)	(498,2)
NET FUNDING SOURCES	(910,5)	(855,5)

€ millions	September 2020	September 2019
CASH FLOW
EBIT	43,7	57,7
Adjustments for non-cash items	25,6	25,3
Integrations for income taxes	(5,5)	(8,6)
Cash flow from Operating Activities before changes in NWC	63,8	74,4
Changes in net working capital	(73,8)	(62,0)
Cash Flow from Operating Activities	(10,0)	12,4
Cash Flow from Investing Activities	(6,9)	(14,0)
Cash Flow from Financing Activities	(16,8)	(22,0)
Other changes	(2,4)	(3,4)
IFRS 16 Impact	5,2	5,2
Total Net Cash Flow	(30,9)	(21,8)
Adjustments "Market to market hedging"	(7,6)	(13,6)
IFRS 16 Net Financial Position	(6,3)	(78,2)
Effect from exchange rate changes	17,6	(14,6)
NFP from M&A operation	(43,6)	(2,8)
Change in Net Financial Position	(70,8)	(131,0)

Investors 2019

Highlights