Exhibit 99.3
Net debt/(cash) breakdown
Unaudited
March 31, 2019 | December 31, 2018 | |||||||||||||||||
(€ billion) | Group | Industrial activities | Financial services | Group | Industrial activities | Financial services | ||||||||||||
Gross debt(1) | 15.4 | 12.9 | 2.5 | 14.7 | 11.7 | 3.0 | ||||||||||||
Financial receivables from jointly-controlled financial services companies | (0.2 | ) | (0.2 | ) | 0.0 | (0.2 | ) | (0.2 | ) | 0.0 | ||||||||
Derivatives (mark to market), net | (0.1 | ) | (0.1 | ) | 0.0 | (0.1 | ) | (0.1 | ) | 0.0 | ||||||||
Cash & marketable securities | (12.6 | ) | (12.4 | ) | (0.2 | ) | (13.4 | ) | (13.2 | ) | (0.2 | ) | ||||||
Net debt/(cash) | 2.6 | 0.3 | 2.3 | 0.9 | (1.9 | ) | 2.8 | |||||||||||
Net industrial debt/(cash) from continuing operations (excluding Magneti Marelli)(2) | (0.4 | ) | (1.8 | ) | ||||||||||||||
Net industrial debt/(cash) from discontinued operations (Magneti Marelli)(2) | 0.7 | (0.1 | ) | |||||||||||||||
Net industrial debt/(cash) | 0.3 | (1.9 | ) |
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Note: Amounts include Magneti Marelli unless otherwise stated and amounts may not add due to rounding.
(1) Amounts shown net of intersegment receivables/payables
(2) Includes net financial payables due from Magneti Marelli to other group companies of €0.7 billion as at March 31, 2019 (€0.4 billion as at December 31, 2018)
Gross debt breakdown
Unaudited
(€ billion) | Outstanding March 31, 2019 | Outstanding December 31, 2018 | ||||
Bank debt | 4.8 | 5.3 | ||||
Capital markets debt | 8.2 | 8.1 | ||||
Other debt | 0.5 | 0.4 | ||||
Lease liabilities(1) | 1.4 | 0.3 | ||||
Cash maturities from continuing operations | 14.8 | 14.1 | ||||
Cash maturities from discontinued operations | 0.3 | 0.2 | ||||
Cash maturities (including Magneti Marelli) | 15.1 | 14.3 | ||||
Asset-backed financing | 0.3 | 0.5 | ||||
Accruals | 0.0 | (0.1 | ) | |||
Gross Debt | 15.4 | 14.7 |
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Note: Amounts may not add due to rounding
(1) Adoption of IFRS 16 - Leases, effective January 1, 2019, resulted in an increase of Lease liabilities of €1.3 billion (€1.1 billion excluding Magneti Marelli). Finance leases previously included in Other debt have been reclassified to Lease liabilities.
Debt Maturity Schedule
Unaudited
Outstanding March 31, 2019 | (€ billion) | 9 Months 2019 | 2020 | 2021 | 2022 | 2023 | Beyond | ||||||||||||||
4.8 | Bank debt | 2.4 | 0.8 | 0.4 | 0.7 | 0.2 | 0.2 | ||||||||||||||
8.2 | Capital markets debt | 1.7 | 1.4 | 1.1 | 1.4 | 1.3 | 1.3 | ||||||||||||||
0.5 | Other debt | 0.4 | — | — | — | — | — | ||||||||||||||
1.4 | Lease liabilities(1) | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.6 | ||||||||||||||
14.8 | Total Cash maturities from continuing operations(2) | 4.8 | 2.4 | 1.7 | 2.2 | 1.7 | 2.1 | ||||||||||||||
0.3 | Total Cash maturities from discontinued operations | ||||||||||||||||||||
15.1 | Total Cash maturities (including Magneti Marelli)(2) | ||||||||||||||||||||
12.6 | Cash and Marketable securities(3) | ||||||||||||||||||||
7.7 | Undrawn committed credit lines | ||||||||||||||||||||
20.3 | Total available liquidity (including Magneti Marelli) |
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Note: Amounts may not add due to rounding
(1) Adoption of IFRS 16 - Leases, effective January 1, 2019, resulted in an increase of Lease liabilities of €1.3 billion (€1.1 billion excluding Magneti Marelli). Finance leases previously included in Other debt have been reclassified to Lease liabilities.
(2) Amounts exclude accruals and asset-backed financing (€(0.3) billion at March 31, 2019).
(3) Amounts include cash and marketable securities relating to Magneti Marelli of €0.4 billion