Strong financing

S&P rating:

BBB- Investment Grade

Since March 2017; confirmed in April 2021

Net debt*:

* Including lease liabilities

Restated* Net debt-to-EBITDA ratio:

* In accordance with the financial commitments of the group

Average maturity of gross debt:

Average maturity of gross debt:

Diversification sources of financing

as of 12/31/2020

Rate type post-hedging

as of 12/31/2020

Financing liabilities

* This only includes the nominal value of main loans and bonds. The total of financial liabilities is detailed in the Note 7.4 Financial liabilities of the 2020 Universal registration document.

Documentation related to bond issues



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