Investor Presentaiton
2- Keeping strong liquidity level
Liquidity position: ~€11.7 bn (as of 30 September 2011):
Net Cash Managed : ~ €5 bn
Unused confirmed bank credit lines: €6.7 bn
VINCI
→
Renewal of all corporate credit facilities maturing in 2011 and 2012 finalised in H1 2011:
Cofiroute: new €500 million credit line maturing in February 2016
VINCI: new €4,000 million credit line maturing in June 2016 (+ 2 options for a 1-year extension)
Maturity schedule of available confirmed bank
credit facilities
Bn €
7
0,5
0,5
6
2
2
5
Cofiroute
0,5
0,5
0,5
3
ASF
2
4,3
4,2
4,1
4,1
4,1
1
VINCI & misc.
0
T
End 2011 End 2012 End 2013 End 2014
End 2015
CNA loans maturing in 2011 (€637 million in 2011 at 5,9%) fully refinanced by ASF through :
■July 2011: €100 million 7-years bank loan
September 2011: €500 million 7-years new bond issue (coupon 4%)
■October 2011: €144 million 21-years private placement
27View entire presentation