Serge Clemente, Chairman of the Executive Board of Indigo Group, said:
“Indigo Group has successfully met the challenges of the global Covid-19 pandemic thanks to the exceptional commitment of its employees, the resilience and strength of its business model, and the implementation of its Beyond Covid strategic plan, which aims to strengthen its infrastructure model, prepare for the recovery and continue to focus on cost optimization and contract renegotiation. The decline in activity generated by the lockdown waves was contained thanks to the excellent diversification of its asset portfolio in terms of geographies, sectors, types of contracts and types of revenues, which enabled a rapid recovery as soon as the restriction measures were relaxed. Thus, in 2021, the Group generated an exceptional Cash Conversion Ratio (Free Cash-Flow / EBITDA) under IFRS of 75.4%, compared with 60.2% on 31 December 2020, underlining its ability to optimize its cash flow in times of crisis. The Group thus generated a significant positive Free Cash-Flow of EUR 217.6 million in 2021, up 64% compared to 2020.
1 Consolidated Global Proportionate figures (except for Free Cash-Flow, Cash Conversion Ratio and Net Financial Debt computed according to IFRS standards). IFRS key figures are available at the end of the press release.