Investor Presentaiton
New debt conditions allows Endesa to have the
lowest cost of debt amongst peers with a
comfortable debt maturity
Gross balance of maturities outstanding at June 30, 2014
adjusted for €6.4bn extraordinary dividend: €7,874m (1)
EV
endesa
€m
■ Existing maturities
1,295
■Debt from extraordinary dividend
(2)
New
5,290
intercompany Debt
4,500
new fixed rate loan 4.5bn€
10Y
■ new credit line1bn€ 1Y
1,000
515
508
☐
266
790
existing 1bn€ back up
credit line
295
2014
2015
2016
2017
2018+
Resulting average cost of debt: 3.0%
Average life of debt: 7.2 years
■ 64% fixed and 36% floating rate
Liquidity of €4,566m, covering 21 months of maturities
✓ €371m in cash
✓ €4,195m available in credit lines
eN
(2)
Does not include outstanding execution costs or the market value of derivatives which do not involve any cash payment.
Notes issued are backed by long-term credit lines and are renewed on a regular basis.
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