Investor Presentation June 2021
29
Investor Presentation June 2021
Low leverage and strong liquidity
Caverion
Building Performance
98
2.9x
64
47
78
55
50
42
1.8x
27 25
1.4x
10
7
1.1x
1.1x
1.1x
10
0.8x
0.7x 0.8x
0.2x
0.2x
0.1x
-0.2x
-0.5x
-11
-27
Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 Q1/21
Net debt excl. lease liabilities (EURM) Net debt (excl. lease liabilities) /EBITDA (12m)
Gross debt to net debt on 31 March 2021 (EURm) excluding lease liabilities
135
3
166
-27
Long-term
borrowings
Short-term
borrowings
Cash and cash
equivalents
Net debt
Financial covenant Net debt/EBITDA
> Net debt/EBITDA Q1/2021: -0.5x (1.1x) according to
confirmed calculation principles with lending parties.
> The covenant level shall not exceed 3.5x.
> The confirmed calculation principles exclude the
effects of the IFRS 16 standard and contain certain
other adjustments.
Strong liquidity position and high amount of
undrawn credit facilities
>
> Cash and cash equivalents of EURm 166.2 (113.2)
In addition, undrawn revolving credit facilities of EUR
100.0m and undrawn overdraft facilities of EUR 19.0m
> Firing power for M&AView entire presentation