Philips Investment Overview
WE HAVE REDEPLOYED THE PARTNER RE SALE PROCEEDS
in Euro billion
CASH
GENERATION1
2022-24
~10.0
3.5
CASH USES
CASH
ALLOCATED 6
REMAINING
CASH
1.7
1.3
0.6
0.7
~1.7
~0.5
Debt
Companies² Investments³
Buyback
Others 5
reduction 4
1) Including proceeds from the sale of Partner Re, cash and cash equivalents and listed securities at 2021 YE and Net FCF in 2022-24.
2) Including amount invested in Philips, Institut Merieux, Tag Energy, Juventus, Lifenet, Via, Casavo, ShangXia and NUO.
3) Including amount invested in Lingotto Funds and Ventures.
4) Corresponding to €0.6bn maturing bond in December 2022, redeemed in October 2022 pursuant to the pre-maturity call option.
5) Including other assets of which €0.4bn reinsurance vehicles expected to mature after 2024.
6) Including amount allocated to Institut Merieux (€0.55bn), Lingotto Funds (€0.35bn), Ventures (€0.42bn) and the remaining amount allocated to Buyback not yet funded (€0.25bn), among others.
Note: Numbers may not add due to rounding.
Exor
5
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