Capital Structure

Download Pirelli Financials

Net Financial Position

€ million

Liquidity Profile

€ million

Liquidity position 796
Total committed lines not drawn 600
Liquidity margin1 1,396

Gross Debt Maturity

€ million

Debt Currency Mix

Share of debt

1. Covers ~1.2 years of forthcoming maturities, or ~3 years considering the extension option;
2. Committed bank lines include a Pirelli’s sole discretionary option to extend original maturities up to 2 years.

 

Net Financial Position

€ million

  Gross debt Financial Assets Net Financial Position
Loan 3,073 Cash & Cash equivalents (796)  
Bond 1,271  
IFRS 16 478 Financial receivables & other (318)  
Other 772  
Total 5,594 (1,114) 4,480
       
without IFRS impact 5,116   4,022

Liquidity Profile

€ million

Liquidity position 796
Total committed lines not drawn 600
Liquidity margin1 1,396

Gross Debt Maturity

€ million

  2019 2020 2021 2022 2023 2024 & beyond Total Gross Debt
Loan2   460   1,891 125 598 3,073
Bond   200 82   969 20 1,271
IFRS 16 77 66 55 48 40 191 478
Other 559 191 3 17 2   772
Total 636 917 140 1,956 1,136 808 5,594

Debt Currency Mix

Share of debt

EUR BRL MXN RUB CNY Other Total
84.7% 10.7% 0.6% 1.2% 1.0% 1.9% 100.0%

1. Covers ~1.2 years of forthcoming maturities, or ~3 years considering the extension option.
2. Committed bank lines include a Pirelli’s sole discretionary option to extend original maturities up to 2 years.

 

Last revised: 29 Oct 2019

Further information on the company's financial communications is available in the

PRESENTATIONs AND WEBCASTS PAGE

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