Investor Presentaiton

82 20 Fingrid Oyj consolidated cash flow (IFRS) • • Strong operating cash flow Peak investment years behind and now stabilized Cash and cash equivalents reduced to achieve more appropriate capital structure IFRS cash flow 2012 - 2017 in MEUR 2017 2016 2015 2014 2013 2012 Cash flow from operations 273 252 279 227 202 181 Change in working capital -40 -20 -63 -21 -43 -37 Net cash flow from operations 233 232 216 206 159 145 Net cash flow from investments -107 -139 -135 -111 -226 -146 Net cash flow after investments 126 94 80 95 -68 -1 Net borrowings -24 -40 -78 -51 84 22 Dividends paid -98 -90 -65 -82 -13 -11 Net cash flow from financing activities -122 -130 -143 -133 71 11 Net change in cash and cash eqv. 4 -37 -62 -38 3 10 Cash and cash equivalents 1 Jan 80 117 179 217 214 204 Cash and cash equivalents at the end of period 84 80 117 179 217 214 Strong and improving net cash flow after investments Fingrid Debt Investor Presentation 30.9.2018 FINGRID

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