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2023 INTERIM RESULTS WILL BE RELEASED ON MONDAY, OCTOBER 2, 2023

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To preserve a balanced capital structure and match financial resources with funding requirements, the key guidelines are that long-term debt is primarily used to support long-term investments, while short-term debt is used to support ongoing business in financing its main working capital needs

Diversified funds icon

Diversified sources of funds

35% of long-term financing came from debt capital markets
Debt maturity icon

Well-distributed debt maturity profile

Average maturity of long-term debt of 4.0 years
Committed facilities icon

Sizeable amount of committed facilities

US$ 4.2 billion of undrawn committed bank lines

Sound Balance Sheet Structure

12,896
Fixed assets & investments 4,200
Other non-current assets (net) 200
Less liquid working capital 898
RMI 5,200
Liquid assets below 3 months 1,199
Current financial assets 1,199
Use of Capital
12,898
Equity 6,099
LT Debt 4,099
ST Debt 2,700
Source of Capital
12,896
Fixed assets & investments 4,200
Other non-current assets (net) 200
Less liquid working capital 898
RMI 5,200
Liquid assets below 3 months 1,199
Current financial assets 1,199
Use of Capital
12,898
Equity 6,099
LT Debt 4,099
ST Debt 2,700
Source of Capital

Long-term Financing Split by Nature

2022 (In US$ million)
Debt capital markets 1,521 %
Term loans from banks 2,790 %
2021 (In US$ million)
Debt capital markets 2,048 %
Term loans from banks 2,220 %
Debt capital markets Term loans from banks

Long-term Financing Maturity

In US$ million 2022 2021
0 0 Maturity between 1-2 years
0 0 Maturity between 2-3 years
0 0 Maturity between 3-4 years
0 0 Maturity between 4-5 years
0 0 Maturity > 5 years

Debt Capital Markets

Bonds

ISIN CodeCurrencyAmountCouponMaturityMarket
XS1629414704USDUSD300m5.25%13/06/2023Luxembourg stock exchange
XS2264074647EUREUR650m2.375%27/11/2025Luxembourg stock exchange
XS2332552541EUREUR500m1.625%28/04/2028Luxembourg stock exchange

Notices

Issuer’s articles of association