|
The target covenant ratios are determined based on a twelve-month running basis and are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Testing period ending on |
|
Leverage ratio |
|
Interest cover ratio |
| June 30, 2023 |
|
Unconditional |
|
-0.8x |
| December 31, 2023 |
|
Unconditional |
|
-0.9x |
| June 30, 2024 |
|
33.9x |
|
0.4x |
| December 31, 2024 |
|
5.4x |
|
2.3x |
| June 30, 2025 |
|
3.2x |
|
3.8x |
| December 31, 2025 |
|
2.2x |
|
5.5x |
| June 30, 2026 |
|
2.2x |
|
5.5x |
| December 31, 2026 |
|
2.2x |
|
5.5x |
| June 30, 2027 |
|
2.2x |
|
5.5x |
The target drawdown stop conditions are determined based on a twelve-month running basis and are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Testing period ending on |
|
EBITDA margin (drawstop) |
|
EBITDA (drawstop) |
|
Fast/ultra-fast charging equipment utilization rate (drawstop) |
| June 30, 2023 |
|
-4.3 |
% |
|
€ |
(8.5) |
million |
|
10.4 |
% |
| December 31, 2023 |
|
-5.8 |
% |
|
€ |
(11.6) |
million |
|
11.5 |
% |
| June 30, 2024 |
|
8.1 |
% |
|
€ |
19.8 |
million |
|
12.7 |
% |
| December 31, 2024 |
|
19.4 |
% |
|
€ |
68.2 |
million |
|
12.9 |
% |
| June 30, 2025 |
|
24.1 |
% |
|
€ |
111.2 |
million |
|
14.2 |
% |
| December 31, 2025 |
|
27.3 |
% |
|
€ |
157.5 |
million |
|
15.5 |
% |
| June 30, 2026 |
|
28.9 |
% |
|
€ |
200.0 |
million |
|
16.6 |
% |
| December 31, 2026 |
|
Unconditional |
|
Unconditional |
|
Unconditional |
| June 30, 2027 |
|
Unconditional |
|
Unconditional |
|
Unconditional |
|