2012 Full-year results: Presentation - Unibail-Rodamco
2012 Full-year results: Presentation - Unibail-Rodamco
2012 Full-year results: Presentation - Unibail-Rodamco
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17ROBUST BALANCE SHEET• Solid financial structure at <strong>year</strong> end <strong>2012</strong>• Stable LTV (1) at 37%• 3.5x ICR (2)Breakdown of gross financial debt€11.0 Bn as of December 31, <strong>2012</strong>• Average debt maturity increased to 4.9 <strong>year</strong>s(vs 4.5 <strong>year</strong>s in December 2011)• €4.0 Bn of undrawn credit lines(€3.2 Bn as of December 2011)• “A” rated by S&P and Fitch (stable outlook)• Increased proportion of bond financing• 60% of gross debt as of December <strong>2012</strong>(vs 48% in December 2011)• Interest rate risk 98% hedgedConvertible bond7%EMTN & Bonds60%Short term paper10%Bank loans23%
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