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Investor Presentaiton

nuuday Management review Financial statements Section 1 Section 2 Section 3 Section 4 Section 5 Section 6 Parent company Statements 4.2 Loans Accounting policies Comments At year-end 2022 Nuuday was financed by a shareholder loan from TDC Holding A/S and a Re- volving Credit Facility provided by external banks. In December 2022 the shareholder loan was reduced from DKK 9 bn to DKK 2.9bn by converting the residual to equity. In November 2022, Nuuday signed a new term loan facility, where proceeds will be used to redeem the loan (including accrued inter- est) from TDC Holding A/S. Events after the balance sheet date On 3 February 2023, Nuuday is- sued a EUR 500m term loan, In connec- tion with the DKT Finance refi- nancing in February 2023, Nuuday redeemed it's loan from TDC Holding A/S. Together with the re- volving credit facility the new term loan completes the long term funding of Nuuday. The establishment of the new share and capital structure sup- ports the strategy and the long- term value creation in the interest of the company as well as the shareholders. Loan from TDC Holding A/S Maturity Fixed/floating rate Coupon Currency Nominal value (DKKm) Additionally, Nuuday has entered into EUR 450m notional interest rate swaps to hedge future debt issuance. As of 31-12 2022 there were no drawings on Revolving Credit Facilities (RCF). Undrawn RCFS amount to EUR 13m, maturing July 2026. Reconciliation of loans (DKKm) 2030 Dec 2030 Fixed 4% DKK 2,873 7,453 2,873 1,547 2,873 9,000 Loans Loans are recognised initially at the proceeds received net of transaction expenses incurred. In subsequent peri- ods, loans are measured at amortised cost so that the difference between the proceeds and the nominal value is recog- nised in the income statement over the term of the loan. Other financial liabilities are measured at amortised cost. Financial instruments On initial recognition, financial deriva- tives are recognised in the balance sheet at fair value and subsequently remeas- ured at fair value in the balance sheet and in the income statement. Depending on the type of instrument, different rec- ognised measurement methods are ap- plied for derivative financial instruments. Nuuday does not apply hedge account- ing. 2022 2021 Carrying amount at 1 January 9,000 9,000 Conversion of loan from TDC Holding A/S to share capital (6,127) Carrying amount at 31. December 2,873 9,000 Recognised as follows in the balance sheet: Non-current liabilities Current liabilities Total Nuuday Annual Report 2022 69
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