Q1 2024 Results - Investor Presentation
Financial Review - Net financial debt
Net Financial Debt at Goldstory level for leverage calculation totaled €(798.9)m at December 31,
2023 (€(517.6)m pre-IFRS16), i.e., a leverage of 2.76x based on Adjusted EBITDA (2.57x pre-IFRS 16).
Net Financial Debt - as of December 31, 2023 and 2022, September
30, 2023
In Єm
Notes
Other third-party financial debt
Financial liabilities for long-term leases
Bank overdrafts
Other loans
Revolving Credit Facility
Financial debt
Cash and cash equivalent
Net Financial Debt
Issuance costs on SSN and RCF
Accrued interest on SSN and RCF
Accrued interest attributable to Capitalized Lease Obligations
Net Financial Debt for leverage calculation
As of December
2023
As of
September
2024
2023
616.2
620.1
614.1
Maturity
2026
312.9
286.6
285.5
308.3
282.1
274.4
6.5
4.6
4.5
4.6
2027
(0.8)
(0.5)
29.6
2025
928.3
906.2
929.2
73.7
104.5
21.2
854.6
801.8
908.0
12.9
9.1
10.0
(8.3)
(8.7)
(3.8)
(3.5)
(3.2)
(3.1)
855.8
798.9
911.2
Net Financial Debt for leverage calculation/ Adjusted EBITDA LTM
n.c.
2.76x
3.14x
Net Financial Debt for leverage calculation (pre-IFRS 16)
548.5
517.6
637.7
Net Financial Debt for leverage calculation (pre-IFRS 16)/ Adjusted EBITDA LTM
n.c.
2.57x
3.14x
THOM
Q1 2024 Results - Investor presentation March 15, 2024
The RCF line drawn for €30.0m as of September 30, 2023, was fully reimbursed as
of December 31, 2023. The remaining €(0.5)m correspond to the issuance costs
on the RCF.
Financial liabilities for long-term leases amounted to €282.1m as of December
31, 2023 compared to €274.4m as of September 30, 2023. The €7.7m increase is
mostly explained by the opening of 7 new stores in Q1 2024.
Other loans
Other loans correspond mainly to state guaranteed loans ("PGE") granted to
Agatha during the Covid-19 pandemic for €4.5m.
p.23View entire presentation