Tietoevry Results Presentation Deck
Seasonally low Q2 cash flow - Net debt / EBITDA 1.6x
MEUR
MEUR
116
11
Q221
Free cash flow*
1.6x
772
Q221
Net debt
tietoevcy
57
92
Q321
Operating cash flow
1.4x
702
Q321
165
169
Q421
1.1x
611
Q421
25
62
Q122
1.1x
586
Q122
8
Q222
-34
1.6x
716
Q222
Operating cash flow less cash flow from investing activities less Payments of lease liabilities
** Excluding cash flow impact of EUR 142.5 million from oil & gas divestment
EUR 8 (11) million cash flow from operations
Seasonal net working capital increase of EUR 57
million - mainly driven by liabilities
Impacted by one-time items
Free cash flow of EUR -34 (116/-27**) million
Cash generation foundation remains healthy
ā
ā
Net debt/EBITDA 1.6x (1.6x) at end of Q2'22 - well
below target level of <2.0x
Interest bearing net debt EUR 716 (772) million,
impacted by dividend payment, negative FCF and
increased in IFRS 16 lease liabilities
New sustainability-linked revolving credit facility of
EUR 250 million to refinance the earlier facility
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