Investor Presentaiton
INA Group key financial data
Stable finacial position alongside increased investments
Investment activities increased in all segments compared to 9M 2020, while strategic investments also continue with Rijeka Refinery Upgrade being
the main project
1,817
2,150
1,282
750
2018
2019
2020
■CAPEX (HRK mn)
9M 2020
Strong financial position, with low net debt level of HRK 1,639mn, net gearing of 13.5% and net debt to EBITDA ratio of 0.57
20.9
19
15
13.5
12
2,554
2,503
1,642
1,608
1,639
1.62
2.24
903
9M 2021
0.89
0.47
0.57
2018
2019
2020
I Net Debt (HRK mn)
9M 2020
-Gearing ratio (%)
9M 2021
2018
2019
2020
Net debt to EBITDA
9M 2020*
9M 2021*
Source: Company reports
Note: *Based on 12-months rolling EBITDA =last three months of 2020 plus first nine months of 2021, etc.
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