Exhibit 99.3
Net debt/(cash) breakdown
Unaudited
September 30, 2019 | June 30, 2019 | |||||||||||||||||
(€ billion) | Group | Industrial activities | Financial services | Group | Industrial activities | Financial services | ||||||||||||
Gross debt(1) | 15.1 | 12.3 | 2.8 | 15.0 | 12.5 | 2.5 | ||||||||||||
Financial receivables from jointly-controlled financial services companies | (0.1 | ) | (0.1 | ) | 0.0 | (0.3 | ) | (0.3 | ) | 0.0 | ||||||||
Derivatives (mark to market), net | 0.2 | 0.2 | 0.0 | 0.1 | 0.1 | 0.0 | ||||||||||||
Cash & marketable securities | (16.2 | ) | (16.1 | ) | (0.1 | ) | (15.8 | ) | (15.7 | ) | (0.1 | ) | ||||||
Net debt/(cash) | (1.0 | ) | (3.7 | ) | 2.6 | (0.9 | ) | (3.3 | ) | 2.4 |
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Note: Amounts may not add due to rounding.
(1) Amounts shown net of intersegment receivables/payables
Gross debt breakdown
Unaudited
(€ billion) | Outstanding September 30, 2019 | Outstanding June 30, 2019 | ||||
Bank debt | 4.6 | 4.5 | ||||
Capital markets debt | 8.1 | 8.2 | ||||
Other debt | 0.5 | 0.4 | ||||
Lease liabilities(1) | 1.7 | 1.6 | ||||
Cash maturities | 14.9 | 14.7 | ||||
Asset-backed financing | 0.2 | 0.3 | ||||
Accruals | 0.0 | 0.0 | ||||
Gross Debt | 15.1 | 15.0 |
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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 €1.1 billion. Finance leases previously included in Other debt have been reclassified to Lease liabilities.
Debt Maturity Schedule
Unaudited
Outstanding September 30, 2019 | (€ billion) | 3 Months 2019 | 2020 | 2021 | 2022 | 2023 | Beyond | ||||||||||||||
4.6 | Bank debt | 2.1 | 0.9 | 0.4 | 0.7 | 0.2 | 0.2 | ||||||||||||||
8.1 | Capital markets debt | 1.4 | 1.5 | 1.2 | 1.4 | 1.4 | 1.3 | ||||||||||||||
0.5 | Other debt | 0.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||||||||||||
1.7 | Lease liabilities(1) | 0.1 | 0.3 | 0.2 | 0.2 | 0.2 | 0.7 | ||||||||||||||
14.9 | Total Cash maturities(2) | 4.1 | 2.7 | 1.8 | 2.3 | 1.8 | 2.2 | ||||||||||||||
16.2 | Cash and Marketable securities | ||||||||||||||||||||
7.6 | Undrawn committed credit lines | ||||||||||||||||||||
23.8 | Total available liquidity |
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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 €1.1 billion. Finance leases previously included in Other debt have been reclassified to Lease liabilities.
(2) Amounts exclude accruals and asset-backed financing ((€0.2) billion at September 30, 2019).