Strong financing

S&P rating:

BBB Investment Grade, stable outlook

Since November 2021

Net debt*:

* Including lease liabilities

Restated* Net debt-to-EBITDA ratio:

* In accordance with the financial commitments of the group

Average maturity of gross debt:

Average cost of gross debt:

Diversified financing

as of 12/31/2021

Pizza Chart02 EN 2022

Rate type post-hedging

as of 12/31/2021

Pizza Chart EN 2022

Financing liabilities

DEBT2022 EN (1)

* This only includes the nominal value of main loans and bonds. The total of financial liabilities is detailed Note 10 Financial liabilities of chapter 6.4 of the 2021 Universal registration document.

Documentation related to bond issues

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