Investor Presentaiton
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Air France-KLM took several actions to restore its balance sheet
and improve its senior debt profile
Equity strengthening measures since 2021
Apr-21
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Capital increase of €1bn
Conversion of €3bn French State loan into Deeply-Subordinated Notes
May-22-On-going exclusive discussions with Apollo regarding an injection of €500m of
capital¹ to an operating affiliate of Air France, owning of a pool of spare engines of Air France
May -22-CMA CGM Group to become a reference shareholder of Air France-KLM Group and
will take up to 9% of Air France-KLM's ex-post share capital
Recent actions on senior debt structure reprofiling
Jun-21-Issue of €800 million senior notes
Dec-21
Partial redemption of €500m of French PGE using the €800m proceeds received from
the Jun-21 senior notes
Reprofiling redemption schedule of €4bn French PGE due in 2023 into 3 tranches of
€0.8bn due May 2023 and 2 tranches of €1.3bn each, due respectively May 2024 and
May 2025
May-22-Repayment of €311m of KLM's State-backed RCF
KLM
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Through quasi-equity instrumentsView entire presentation