Detailed net financial position as of
September 30, 2020 (in EUR million)

Gross cash

823

Gross debt

Institutional bonds: € (1,000) M - Exchangeable bonds LafargeHolcim: € (750) M - Bank debt: € (71) M - Drawdowns under the credit lines  € (500) M

(2,321)

Net debt (excluding treasury shares)

(1,498)

Treasury shares

629

Total (included in GBL's NAV)

(869)

Maintaining a solid and flexible financial structure while limiting net indebtedness

Debt maturity profile

Debt maturity profile

GBL has committed credit lines for an amount of EUR 2,150 million, of which EUR 500 million have been drawn down. The balance of EUR 1,650 million is indicated hereabove by the dotted lines.

EUR 750m exchangeable bond for existing registered shares of LafargeHolcim Ltd due December 30, 2022

Terms and conditions of the bonds

EUR 450m exchangeable bond for existing no-par value ordinary bearer shares of GEA Group AG due 29 December 2023

Termes et conditions des obligations

Institutional bonds

Risk Management

The risks associated with the management of cash and cash equivalents, financial instruments and financing may be consulted in the Risk Management section.