Goldman Sachs Communacopia XVIII Conference - Wolters Kluwer
Goldman Sachs Communacopia XVIII Conference - Wolters Kluwer
Goldman Sachs Communacopia XVIII Conference - Wolters Kluwer
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Solid Financial Position<br />
27<br />
2.6<br />
19<br />
Net Debt/ EBITDA<br />
2.9<br />
(18)<br />
2.4<br />
(19)<br />
2005 2006 2007 2008 2008<br />
HY<br />
3.2 3.1<br />
2005 2006 2007 2008 2009 HY<br />
Autonomous movement in<br />
Working Capital (€ million)<br />
(61) (21)<br />
2009<br />
HY<br />
311<br />
Free Cash Flow (€ million)<br />
399 405 395<br />
±350<br />
2005 2006 2007 2008 2009<br />
2009 Guidance at constant currencies EUR/ USD 1.47<br />
Debt Maturity Profile (€ million)<br />
242<br />
Guidance<br />
<strong>Goldman</strong> <strong>Sachs</strong><br />
<strong>Communacopia</strong> <strong>XVIII</strong> <strong>Conference</strong> September 17, 2009 – New York 28<br />
583<br />
513*<br />
5 20 13<br />
6<br />
1,850<br />
Cash & 2009 2010 2011 2012 2013 Due<br />
Derivatives<br />
after<br />
2013<br />
2009*: Outstanding part of redemption on credit facility and bank overdrafts
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