Capital Structure

Download Pirelli Financials

Net Financial Position

€ million

Liquidity Profile

€ million

Liquidity position 755
Total committed lines not drawn 700
Liquidity margin 1,455

Gross Debt Maturity

€ million

Debt Currency Mix1

Share of debt

1. Average Gross Debt calculated over the last 12 months;
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 2,912 Cash & Cash equivalents (742)  
Bond 1,270  
IFRS 16 470 Financial receivables & other (235)  
Other 816  
Total 5,469 (977) 4,492
       
without IFRS impact 4,999   4,022

Liquidity Profile

€ million

Liquidity position 755
Total committed lines not drawn 700
Liquidity margin 1,455

Gross Debt Maturity

€ million

  2019 2020 2021 2022 2023 2024 & beyond Total Gross Debt
Loan2   5973   1,7184   598 2,912
Bond   199 82   970 20 1,270
IFRS 16 77 68 54 49 42 179 470
Other 679 88 8 36 6   816
Total 757 953 144 1,802 1,017 797 5,469

Debt Currency Mix1

Share of debt

EUR BRL MXN RUB CNY Other Total
85.2% 11.6% 1.1% 0.9% 0.6% 0.6% 100.0%

1. Average Gross Debt calculated over the last 12 months.
2. Committed bank lines include a Pirelli’s sole discretionary option to extend original maturities up to 2 years.
3. 397 can be extended to 2022;
4. can be extended to 2024.

 

Last revised: 1 Aug 2019

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

PRESENTATIONs AND WEBCASTS PAGE

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