Let’s go step by step using S&P’s definition of **FFO / Net debt**.

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**1. Calculate Funds From Operations (FFO)**  

In S&P’s methodology:  
FFO = Operating profit before interest and tax (adjusted) + Depreciation & Amortization + other non-cash items – current tax.

We can use data from the cash flow statement (indirect method):

- **Cash flows from operations before changes in working capital** for 2022 = 1,202,000,000 EUR  
(This already includes adjustments for depreciation, provisions, non-monetary elements, finance costs, etc.)

From this, we deduct elements that are not part of FFO in S&P’s definition:
- Subtract **Finance income received** (classified as operating): −41,800,000 EUR  
- Subtract **Dividends received** (classified as operating): −13,400,000 EUR  
- Subtract **Income taxes paid**: −165,900,000 EUR  

FFO = 1,202,000,000 − 41,800,000 − 13,400,000 − 165,900,000 = **980,900,000 EUR**.

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**2. Calculate Net Debt**  

S&P net debt = Total debt − Cash and cash equivalents.

- **Noncurrent financial liabilities** (2023): 5,689,900,000 EUR  
- **Current financial liabilities** (2023): 650,100,000 EUR  
- **Noncurrent lease liabilities**: 55,100,000 EUR  
- **Current lease liabilities**: 21,300,000 EUR  

Total debt = 5,689,900,000 + 650,100,000 + 55,100,000 + 21,300,000 = **6,416,400,000 EUR**.  

Cash and cash equivalents (2023): 1,942,400,000 EUR.  

Net debt = 6,416,400,000 − 1,942,400,000 = **4,474,000,000 EUR**.

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**3. Compute ratio**  

FFO / Net debt = 980,900,000 / 4,474,000,000 ≈ 0.2192.

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<answer>0.2192</answer>