Debt Maturity Profile

Heidelberg Materials has a long-term financing structure and a well-balanced debt maturity profile.

Debt maturity profile as at 31 December 2022 (€m)

 

Excluding reconciliation adjustments of liabilities of €–27.4 million (accrued transaction costs, issue prices, fair value adjustments, and purchase price allocation) as well as derivative liabilites of €60 million. Excluding also puttable minorities with a total amount of €76.2 million; excluding financial lease liabilites.

With the €2 billion Euro Commercial Paper Programme and the €10 billion EMTN Programme, Heidelberg Materials has framework programmes in the money and capital markets in place, which allow to issue the relevant securities within a short period of time.

The increasing market maturity for sustainability-linked forms of financing opens up new capital sources for the company to achieve its sustainability strategy.

Heidelberg Materials continues to aim for a solid investment grade rating. The leverage ratio is to be maintained within the strategic corridor of 1.5x to 2.0x.