Investor Presentaiton
FS Group in a snapshot
Ferrovie dello Stato Italiane ("FS" or the "Issuer") - 100% Italian Ministry of Economy and Finance - is one of the largest industrial Group in the Country.
New Mission for the Holding company includes policy making, coordination, strategic and financial control over the Hub's Parent Companies.
Infrastructure Hub
RFARDARMA ITALIANA
GRUPPO FERROVIE DELLO STATO ITALIANE
ANAS
ITALFERR
Companies
belonging to
the same
FSE INFRA
Hub
FERROVIE
ITALIANE
DELLO STATO
Consolidated highlights (€/mn)
Shared services
(Ferservizi. Fercredit,
FS Technology)
2022
2021
Δ
%
Hub Parent Companies
Revenues
13,664
12,242
1,422
11.6%
EBITDA
2,212
1,888
324
17.1%
Passengers Hub
ச,
TRENITALIA
GRUPPO FERROVIE DELLO STATO ITALIANG
Logistics Hub
F
MERCITALIA
LOGISTICS
GRUPPO FERROVIE DELLO STATO ITALIANE
+
Urban Hub
SISTEMI URBANI
EBITDA Margin
16.2%
15.4%
0.8%
5.2%
EBIT
262
193
69
35.9%
GRUPPO FERROWIE DELLO STATO ITALIANE
EBIT Margin
1.9%
1.6%
0.3%
18.8%
Net Income
202
193
9
4.4%
BUSITALIA
FSE PAX
MERCITIALIA RAIL
MERCITALIA
INTERMODAL
GS IMMOBILIARE
METROPARK
Net Invested Capital
49,707
50,422
(715)
(1.4%)
NETINERA
"
TX LOGISTIK
CREW
Equity
41,853
41,551
302
0.7%
Net Financial Debt
7,854
8,871
(1,017)
(11.5%)
Currently, the Holding company - thanks to its solid creditworthiness - finances
its subsidiaries (mainly RFI, Trenitalia and Mercitalia Rail (MIR)) also through
ESG finance instruments.
Currently the entire railway business is financed through sustainable finance
solutions, given the full alignment of its capex with EU Taxonomy criteria and
their sustainability characteristics.
F
FERROVIE
DELLO STATO
ITALIANE
Group Revenue by Hub (2022)*
5,9%
6,9%
■Infrastructure
■ Passengers
43,6%
■Logistics
Urban and
other services
Informazione pubblica
43,6%
Source: FS 2022 Annual Report Highlights
*Net of (2,090) mn of consolidated adjusted
f
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