Presentation - Italcementi Group
Presentation - Italcementi Group
Presentation - Italcementi Group
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<strong>Group</strong> refinancing plan<br />
On the path towards a more centralized and efficient <strong>Group</strong> funding structure<br />
31 December 2009 Q1 2010 actions<br />
<strong>Italcementi</strong> S.p.A.<br />
EURm1,137<br />
r<br />
Set up ITC Finance as <strong>Group</strong> vehicle to centrally raise<br />
debt capital and back up facilities<br />
► Launched 2 EURbn EMTN program<br />
► On 16 March issued EURm 750 10 year bond<br />
<strong>Italcementi</strong><br />
S.p.A.<br />
Ciments Français<br />
S.A.<br />
<strong>Italcementi</strong><br />
Finance S.A.<br />
EURm 1,687<br />
o/w EURm 632<br />
dedicated to Intercompany<br />
Lending<br />
Refinance maturing facilities<br />
through intercompany loans<br />
► USPP notes tender offer closed on April 7; repurchased<br />
a total of $483.5M out of $500M<br />
► BdT outstanding reduced by EURm137<br />
Ciments Français<br />
S.A.<br />
Ciments Français<br />
affiliates<br />
EURm 341<br />
Continue to fund emerging market projects through<br />
local facilities for FX risk management<br />
Ciments Français<br />
affiliates<br />
<strong>Italcementi</strong> <strong>Group</strong> Mediobanca – Copenhagen Roadshow, 16 June 2010<br />
21
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