Capital Structure

Download Pirelli Financials

Net Financial Position
at December 31st 2019

€ million

Liquidity Profile

€ million

Liquidity position 1,610
Assets at F.V. through P&L 38
Total committed lines not drawn 700
Liquidity margin 2,348

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 2,917 Cash & Cash equivalents (1,648)  
Bond 1,271  
IFRS 16 483 Financial receivables & other (256)  
Other 740  
Total 5,411 (1,904) 3,507
       
without IFRS impact 4,928   3,024

Liquidity Profile

€ million

Liquidity position 1,610
Assets at F.V. through P&L 38
Total committed lines not drawn 700
Liquidity margin 2,348

Gross Debt Maturity

€ million

  2020 2021 2022 2023 2024 2025 & beyond Total Gross Debt
Loan2 4522   1,7432 125 598   2,917
Bond 200 82   970   20 1,271
IFRS 16 78 66 56 48 41 195 483
Other 721 3 12 3 1   740
Total 1,450 150 1,811 1,145 640 215 5,411

Debt Currency Mix

Share of debt

EUR BRL RUB CNY Other Total
84.9% 10.3% 1.2% 1.2% 2.3% 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. 252 can be extended2 to 2022;
4. Can be extended2 to 2024.

 

Last revised: 2 Mar 2020

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

PRESENTATIONs AND WEBCASTS PAGE

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