Debt Structure

As of September 30, 2018, Corporate Net Debt to EBITDA at 2.4x pro forma of acquisitions and Car2Go disposal proceeds.

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Focus on fleet financing

With respect to the fleet debt, that the Group considered to be asset backed, the different financings have been optimized since July 2014 with increased maturities and reduced interest costs. In addition, the Group is protected against the risk of increasing interest rates by two interest rate swap agreements with an aggregate nominal principal amount of €1,600 million.

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