Our financing strategy is aimed at ensuring the solvency of the Heidelberg Group at all times. By implementation of a balanced diversification of financing instruments and of the maturity profile, liquidity risks should be limited and capital costs should be optimized.

The financing structure of Heidelberg currently mainly consists of a syndicated credit facility and other instruments and promotional loans, e.g. of the European Investment Bank (EIB).

With the agreed range of instruments, Heidelberg currently is operating with total credit facilities of around € 435 million.

OVERVIEW OF FUNDING SOURCES

The financing structure of Heidelberg has a balanced maturity profile and is based on diversified financing instruments, showing a successful track record of refinancing activities in the recent years. It consists of the following main components:

• € 267 million Revolving Credit Facility, maturity March 2023

• € 17 million Convertible Bond, maturity March 2022

• € 69 million EIB loan, maturity 2024, amortizing

• € 83 million other financing instruments, amortizing

As at September 2020