Debt and credit rating

Financial position (as of end of December 2018)

DEBT MATURITY

Lower Gross Debt - Average life:  ≈ 6 years

€ mln

REVOLVING CREDIT FACILITY

Lower margin - Longer life

RCF renegotiated lowering margin (from 100 bps to 75 bps) and amount (from € 2.0 bn to € 1.8 bn). The facility will expire in 2023