Home ›› Investor Relations ›› Financing ›› Maturity Profile

Maturity Profile

Term structure of the major financial liabilities

The weighted average remaining term of the financial liabilities, excluding Russia, equals 3 years. The following
graph shows the term structure by years as of 30 June 2017. The liabilities scheduled to mature during the
2017 financial year amounted to EUR 676.9 million as of 31 December 2016, whereby EUR 127.7 million were
refinanced by the end of the second quarter of 2017 through planned repayments or extensions. The weighted
average remaining term of the property financing equals 3.5 years.

IMMOFINANZ refinanced borrowings of EUR 210.0 million which were scheduled to mature in 2018 prior to the
end of the term and increased the volume to EUR 250.0 million during the second quarter of 2017. This financing
was arranged for the acquisition of roughly 26% of the shares in CA Immo for a total price of approximately
EUR 604 million. The refinancing sustainably improves the term structure of the Group’s financial liabilities and
leads to a significant reduction in interest costs compared with the financing it replaced.
Cash and cash equivalents totalled EUR 316.7 million (incl. IFRS 5), respectively EUR 322.0 million including the
cash and cash equivalents in discontinued operations and disposal groups, as of 30 June 2017. The convertible
bond 2018 was already “in the money” as of 30 June 2017 due to the sound development of the share Price.

Discontinued operation Russia

The Russian financial liabilities totalled EUR 674.7 million at the end of June 2017. An agreement for the full
suspension of scheduled repayments was concluded with SBERBANK, which covers the period up to and including
the first quarter of 2018. A waiver agreement was also concluded which suspends the calculation of financial
covenants up to and including the first quarter of 2018.
Home ›› Investor Relations ›› Financing ›› Maturity Profile