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Investor Presentaiton

Balanced debt maturity profile Effective management of financial expense 1.800 1.600 1.400 1.200 1.000 800 600 400 200 Balanced debt maturity profile extending over the next 15-20 years Group long term debt maturity profile * Historically low borrowing costs and an effective management of financial costs, including interest rate risk management policies, has resulted in a containment of interest expense on debt, generating value for the Group. Interest expense on Group's financial liabilities ** *** 0 €mn 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 1,75% 1,77% 1,54% 2017 2018 2019 1,49% 2020 1,13% 2021 1,36% 2022 FERROVIE ITALIANE DELLO STATO * Maturity profile calculated on the long term debt, included the current portion of the long term debt, held by FS\RFITI as of December 2022. Following the reporting date, new debt (bonds and loans) were issued by FS Italiane for a total amount of € 1,450 mn. The financial expense is net of government grants, therefore the ratio is calculated on the debt not funded through guaranteed government grants. Informazione pubblica f 14
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