Let’s work through this step-by-step.

**Step 1 – Calculate EBITDA (S&P-style, from continuing operations)**

Using the income statement data for **2022** (period ending 2023-01-01):

- **Current operating income including operating MtM** = 4,309M  
- **+ Depreciation, amortization and provisions** = 5,187M  
- **+ Impairment loss** (S&P typically adds back impairments in EBITDA) = 2,774M  

So:  
EBITDA = 4,309 + 5,187 + 2,774 = **12,270M**

**Step 2 – Calculate Net Debt**

S&P net debt usually includes:
- Long-term borrowings = 28,083M  
- Current borrowings = 12,508M  
- Less: Cash and cash equivalents = 15,570M  
- Plus/minus other adjustments for derivatives, certain provisions, etc., but here we use a simplified approach.

Net Debt = 28,083 + 12,508 – 15,570 = **25,021M**

**Step 3 – Ratio**

Net Debt / EBITDA = 25,021 / 12,270 ≈ **2.04**

<answer>2.04</answer>