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About Acea

Our business is closely involved in people lives.

We ensure residents receive essential services for their daily life.

Serving People

At your side in your community

Managing your water services. Distributing energy. Selling electricity and gas. Recycling waste. Our one objective: to create value for the people and the community in which we operate.

Innovation

Nowadays, innovation is at everyone's fingertips.

Acea sees innovation as the driving force to become more efficient, to raise the quality of life for our customers, to improve services for the residents and the community. Acea has used all this to create a new culture of innovation: an open culture, which everyone can share and take part in.

Our commitment

Our Group serves local communities and their citizens.

We are fully aware of our role of responsibility towards our stakeholders for our major economic, social and environmental impact. This is why our Sustainability Plan is part and parcel of our Business Plan.

Media

Acea Innovation Day

Artificial intelligence and big data at the service of enterprises and startups.

Financial Structure

Net financial debt performance as at 31 March 2019

(mln€)	31 Mar 2019 (a)	31 Dec 2018 (b)	31 Mar 2018 (c)	Change (a-b)	Change (a-c)
Net debt	2,675.7*	2,568.0	2,482.1	(107.7)	193.6
Medium/long-term	2,979.6	3,341.4	3,540.2	(361.8)	(560.6)
Short-term	(303.9)	(773.4)	(1,058.1)	(469.5)	(754.2)

* Impact of application of IFRS16 from 1 January 2019 (+€55m)

Debt structure

1.4x

Net debt/Equity as at 31/03/2019

2.8x

Net debt/EBITDA LTM as at 31/03/2019

Acea Summary of bonds

AMOUNT	DATE OF ISSUE	FINAL TERMS	ANNUAL GROSS COUPON (%)	RATING MOODY'S/S&P/FITCH
500,000,000 EUR	23/05/2019	23/05/2028	1.75 - FIXED	Baa2/NR/BBB+
700,000,000 EUR	08/02/2018	08/06/2027	1.5 - FIXED	Baa2/NR/BBB+
300,000,000 EUR	08/02/2018	08/02/2023	EUR003M +37 Bps -FRN	Baa2/NR/BBB+
500,000,000 EUR	24/10/2016	24/10/2026	1.00 - FIXED	Baa2/NR/BBB+
600,000,000 EUR	15/07/2014	15/07/2024	2.625 - FIXED	Baa2/NR/BBB+
422,775,000 EUR	16/03/2010	16/03/2020	4.5 - FIXED	NR/NR/BBB+
20,000,000,000 JPY	03/03/2010	03/03/2025	2.5 - FIXED	NR/NR/BBB+

Read the press release

Financial Structure

Net financial debt performance as at 31 March 2019

Debt structure

Acea Summary of bonds

Debt maturity

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