Fixed Income key figures

I) Debt service coverage

2017
2018
2019
EBIT Interest Coverage
9.62
12.72
17.15
EBITDA Interest Coverage
17.92
21.71
31.68
II) Bond-specific indicators
Total Debt / EBITDA Ratio
1.17
0.74
0.75
Total Net Debt / EBITDA Ratio
-2.17
-1.76
-1.46
III) Capital structure
Risk Bearing Capital Ratio
0.30
0.31
0.31
FTotal Debt / Capital Ratio
0.22
0.16
0.18
IV) Further indicators
T€
T€
T€
EBITDA
834,579
952,603
1,113,295
EBIT
448,357
558,215
602,581
Total Revenues
13,508,725
15,221,832
15,668,574
Total Interest Payment
113,344
131,000
84,188
Funds From Operations
742,077
821,482
927,283
Operating cash-flow
1,345,187
788,976
1,075,935
Capitalization
4,376,622
4,363,011
4,691,685
Total Debt
978,903
709,238
835,786
Total Net Debt
-1,811,544
-1,676,590
-1,625,028
Free Cash-flow to Bondholder
742,930
-63,780
278,381
Free Cash-flow
843,632
46,173
388,395
Total Debt Sorted:
978,903
709,238
835,786
Financial liabilities
1,293,977
1,363,330
1,422,207
Payables to subsidiaries
47,120
67,221
70,389
Payables to participation companies
27,587
9,460
8,716
Non-recourse liabilities from concession arrangements
-389,781
-730,773
-665,526
Off Balance Sheet exposures
340,801
317,092
54,207
Retained earnings
945,089
1,195,301
1,396,820
Funds From Operations to Total Debt in %
75.8 %
115.8 %
110.9 %
Funds From Operations to Total Net Debt in %
-41.0 %
-49.0 %
-57.1 %


DEFINITIONS

EBIT Interest Coverage = EBIT / Interest
EBITDA Interest Coverage = EBITDA / Interest
Interest = Interest and similar charges - currency losses - interest components from allocation of severance payment and pension provisions
Total Debt / EBITDA Ratio = Total interest-bearing Debt / EBITDA
Total Net Debt / EBITDA Ratio = Total Net Debt / EBITDA
Risk Bearing Capital Ratio = Liability Capital / Modified Total Assets
Liability Capital = Equity - Deferred Tax (active)
Modified Total Assets = Total Assets - Deferred Tax (active)
Total Debt / Capital Ratio = Total Debt / (Total Debt + Equity)
Total Interest Payment = Total interest payment of existing bonds up to balance sheet date
Funds From Operations = Net income + deferred taxes + depreciation/write ups
Capitalization = Financial liabilities + Payables to subsidiaries + Payables to participation companies - Non-recourse liabilities from concession arrangements + Equity
Total Debt = Financial liabilities + Payables to subsidiaries + Payables to participation companies - Non-recourse liabilities from concession arrangements
Total Net Debt = Total Debt - Cash and cash equivalents
Free Cash-flow to Bondholder = Cash-flow from operating activities - CAPEX (incl, acquisitions) - distribution and withdrawals from partnerships
Free Cash-flow = Cash-flow from operating activities - CAPEX (incl, acquisitions)
Off Balance Sheet exposures = Contingent liabilities + purchase obligations + Operating Lease
Funds From Operations to Total Debt in % = Funds From Operations / Total Debt; in %
Funds From Operations to Total Net Debt in % = Funds From Operations / Total Debt; in %



Published on website: 03/09/2009 – Last Update: 13.05.2020 11:49:58
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