Investors

Funding
Debt KPIs

Net Financial Debt

(Millions of Euros)

Average Cost of Debt

(%)

Net Financial Debt/EBITDA

As of 1Q19 EBITDA After Lease Payments =
EBITDA - Lease Cash Payments (Capital & Interest)(x)

Before accessing any information and documentation in this section of the website of NOS, SGPS, S.A. (“NOS” or “Company”) regarding NOS’ financing operations, (the “Materials”), please read the following carefully. By accessing any of the Materials, you are deemed to accept the following terms and conditions. If you do not agree to any of these terms and conditions, please exit this page. NOS reserve the right to modify these terms and conditions at any time.

 

Access to the Materials is restricted for regulatory reasons. The Materials provide non-exhaustive, general information and may incorporate public information. NOS does not undertake any obligation to update such information in light of new developments.

 

Nothing contained in the Materials constitutes an offer of securities for sale in the United States or any other jurisdiction where it is unlawful to do so. The securities have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (“Securities Act”), or the securities laws of any state of the United States or other jurisdiction, and the securities may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, United States persons (as defined in Regulation S under the Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state or local securities laws.

 

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The Materials may contain forward looking information, including statements which constitute forward looking statements and are based on the current beliefs and assumptions of NOS and on information available to NOS as of the date such statements were made. Forward looking statements include: (a) information concerning strategy, possible or assumed future results of NOS operations, earnings, industry conditions, demand, pricing and other aspects of business and (b) statements that are preceded by, followed by, or include the words “believe”, “expect”, “anticipate”, “intend”, “is confident”, “plan”, “estimate”, “may”, “might”, “could” or “would”, and the negative of such terms or similar expressions. These statements are not guarantees of future performance and are subject to factors, risks and uncertainties that could cause the assumptions and beliefs upon which the forward looking statements included in this framework were based to substantially differ from the expectation predicted herein. These factors, risks and uncertainties include, but are not limited to, changes in demand for the company’s services, technology changes, effects or competition, telecommunications sector conditions, changes in regulation, economic conditions or others. Furthermore, certain forward looking statements are based upon assumptions as to future events that may not prove to be accurate. Therefore, actual outcomes and results may differ materially from the plans, strategy, objectives, expectations, estimates and intentions expressed or implied in such forward-looking statements. Forward looking statements speak only as of the date they are made, and NOS does not undertake any obligation to update in light of new information or future developments or to provide reasons why actual results may differ.

 

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