Financial information



Corporate Structure

Corporate Structure
Drawn as of 30 September 2009:
  • Senior facility (€3,500m)(1)
  • ST debt, State subsidies and Other(2) (€152m)
  • Cash and cash equivalents (€239m)

(1) Excluding Bank guarantees tranche. Additionally, there are €36m and €144 of the Senior facility in the ST debt caption in the Balance Sheet as they mature on 31 December 2009 and on 30 June 2010, respectively
(2) Other includes mortgages and leasing

Debt

Short-term debt €310m
State subsidies & other €58m
Senior subordinated notes €450m
Participative loan €10m
Senior banck facility €3,320m
  €4,148m

30 September 2009

High Yield Bonds

Data in € million. Unaudited €270m 8% 2014 €180m 10.5% 2014
Issue date 02-02-06 17-05-04
Amount 270.000.000 180.000.000
Currency EURO EURO
Annual Coupon 8% 10,5%
Maturity 16-05-14 15-05-14
First call date 15-05-09 15-05-09
Fist coupon 15-05-06 15-11-04
Coupon payments
Q1 - -
Q2 15 May 15 May
Q3 - -
Q4 15 November 15 November
ISIN
  XS0242754850 XS0192592425
  XS0242756046 XS0192592938

Guidance

Data in € million 2009 Guidance
Revenues 1,535-1,570
EBITDA 680-720
Capex 215-235
FCF (30)-30

Credit Ratings

Last Report Date Corporate Bond debt Bank debt Outlook
Fitch 22 January 2010 B CCC BB- Negative
Moody's 20 January 2010 B3 Caa2 NR Negative
Standard & Poor's 18 January 2010 CCC+ CCC- NR CreditWatch

Analysts Coverage

Credit Analysts covering ONO

Institution Name/mail e-mail Telephone Last analysis
New Street Research Frank Knowles frank@newstreetresearch.com +44 20 7375 9123 January 2008
Royal Bank of Scotland Neyla Velimoukhametova neyla.velimoukhametova@rbs.com +44 20 7085 2739 September 2008
Credit Sights Chis Ucko cucko@creditsights.com +44 20 7429 2078 May 2009
Deustche Bank Vivek Khana vivek.khana@db.com +44 20 7547 2905 June 2009
JP Morgan David Caldana david.caldana@jpmorgan.com +44 20 7777 1737 February 2010
Societe Generale Robert H Jaeger robert.jaeger@sgcib.com +44 20 7676 7136 May 2009

Equity Analysts covering ONO

Institution Name/mail e-mail Telephone Last analysis
Fortis Fernando Cordero fernando.cordero@fortis.com +44 20 7723 2963 April 2007