To estimate the Net Debt / EBITDA ratio for VERBUND AG for the year 2022 based on the standard S&P Capital IQ methodology, we use the following formula:

**Net Debt = Total Financial Liabilities (Current + Noncurrent) - Cash and Cash Equivalents**
**EBITDA = Earnings Before Interest, Taxes, Depreciation, and Amortization**

1. **Total Financial Liabilities:**
From the provided facts for the end of 2022 (recorded as 2023-01-01):
*   Current Financial Liabilities = 1,109,297,000 EUR
*   Noncurrent Financial Liabilities = 2,844,559,000 EUR
*   *Total Financial Liabilities* = 1,109,297,000 + 2,844,559,000 = 3,953,856,000 EUR

2. **Cash and Cash Equivalents:**
*   Cash and Cash Equivalents (2023-01-01) = 409,252,000 EUR

3. **Net Debt:**
*   *Net Debt* = 3,953,856,000 EUR - 409,252,000 EUR = 3,544,604,000 EUR

4. **EBITDA:**
*   Reported EBITDA (2022-01-01 - 2023-01-01) = 3,160,679,000 EUR

5. **Net Debt to EBITDA Ratio:**
*   *Net Debt / EBITDA* = 3,544,604,000 EUR / 3,160,679,000 EUR ≈ 1.12147

Rounding to two decimal places, the S&P methodology Net Debt / EBITDA ratio is 1.12.

<answer>1.12</answer>