Financial Structure

Net financial debt performance

Data as at 31 December 2020


(mln€)
 
31 Dec 2020 (a) 30 Sep 2020 (b) 31 Dec 2019
(c)  
Change
(a-b)
Change
(a-c)
Net debt     3,528.0 3,535.4 3,062.8 (7.4) 465.2
Medium/long-term 4,130.2 4,116.9 3,523.3 13.3 606.9
Short-term (602.2) (581.5) (460.5) (20.7) (141.7)

Debt structure at 31 December 2020

Diagrams on the debt structure of the Acea Group

Key Debt Ratios

3.05x
Net debt/EBITDA 31/12/2020
2.94x
Net debt/EBITDA 31/12/2019
0.74x
NET DEBT/RAB
31/12/2020
0.70x
NET DEBT/RAB
31/12/2019
1.52x
NET DEBT/EQUITY 31/12/2020
1.45x
NET DEBT/EQUITY 31/12/2019

Summary of Acea bonds


AMOUNT 
 
 ISSUE DATE EXPIRY  COUPON
(% p.a.)  RATE, PERIOD
RATING MOODY'S/S&P/ FITCH
300,000,000 EUR 28/01/2021 28/09/2025 0.000 - Fixed, Annual  Baa2/NR/BBB+
600,000,000 EUR 28/01/2021 28/07/2030 0.250 - Fixed, Annual  Baa2/NR/BBB+
500,000,000 EUR 06/02/2020 06/04/2029 0.500 - Fixed, Annual Baa2/NR/BBB+
500,000,000 EUR 23/05/2019 23/05/2028 1.750 - Fixed, Annual Baa2/NR/BBB+
700,000,000 EUR 08/02/2018 08/06/2027 1.500 - Fixed, Annual Baa2/NR/BBB+
300,000,000 EUR 08/02/2018 08/02/2023 EUR003M
+37 Bps  -FRN, Quarterly
Baa2/NR/BBB+
500,000,000 EUR 24/10/2016 24/10/2026 1.000 - Fixed, Annual Baa2/NR/BBB+
600,000,000 EUR 15/07/2014 15/07/2024 2.625 - Fixed, Annual Baa2/NR/BBB+
20,000,000,000 JPY 03/03/2010 03/03/2025 2.500 - Fixed, Semiannual NR/NR/BBB+

Debt maturities

Data as at 31 December 2020

Diagram on the trend of the expiry date of the debt of the Acea Group