Maturity Profile

Debt Maturity Profile (€m)1


1 Incl. Jan 2019 Bond and secured loan.

Debt Structure

Maturity KPIs

KPI / criteria Mar. 31, 2019
Corporate rating (S&P) BBB+
LTV 42.4%
Net debt/EBITDA multiple1 11.4x
ICR 4.7
Fixed/hedged debt ratio2 96%
Average cost of debt2 1.8%
Weighted average maturity2 8.2 years
Unencumbered assets 54%
 KPI / criteria  Mar. 31, 2019  
 Corporate rating (S&P)  BBB+  
 LTV  42.4%  
 Net debt/EBITDA multiple1  11.4x  
 ICR  4.7  
 Fixed/hedged debt ratio2  96%  
 Average cost of debt2  1.8%  
 Weighted average maturity2  8.2 years  
 Unencumbered assets  54%  

1 Adj. net debt quarterly average over adj. EBITDA Total.
2 Excl. equity hybrid.