Maturity Profile

Debt Maturity Profile (€m)1


1 Incl. Jan 2019 Bond and secured loan.

Debt Structure

Maturity KPIs

KPI / criteria Dec. 31, 2018
Corporate rating (S&P) BBB+
LTV 42.8%
Net debt/EBITDA multiple1 11.4x
ICR 4.7
Fixed/hedged debt ratio2 96%
Average cost of debt2 1.8%
Weighted average maturity2 7.8 years
Unencumbered assets 56%
 KPI / criteria  Dec. 31, 2018  
 Corporate rating (S&P)  BBB+  
 LTV  42.8%  
 Net debt/EBITDA multiple1  11.4x  
 ICR  4.7  
 Fixed/hedged debt ratio2  96%  
 Average cost of debt2  1.8%  
 Weighted average maturity2  7.8 years  
 Unencumbered assets  56%  

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