Debt

	Dec-24	Dec-23
Total Debt	734	459
Lease liabilities	1,655	1,549
Total Adj. Debt	2,388	2,008
Cash & cash equivalents (includes restricted cash)	824	888
Net Adj. Debt^*	1,565	1,120

^* Net Adj. Debt: Total Debt (including lease liabilities) - Cash (including Restricted Cash).

As of December 31, 2024, the Company’s Adjusted net leverage / EBITDAR LTM stood at 1.5 times.

	Dec-24	Dec-23
Adjusted net debt / EBITDAR LTM	1.5x	1.8x