Sustainable Growth Strategy

Demand recovery, good progress on portfolio restructuring Underlying EBITDA and margin € million and % 36 10.6% 45 H1 2020 8.9% 9.3% 35 H2 2020 Underlying EBITDA margin 38 H1 2021 Engineered Materials • Strong recovery in industrial and specialised end-uses. for functional papers and films • Good progress made in personal care components in response to declining volumes as a key product matures o Realigning the portfolio o Restructuring Exciting opportunities to leverage coating technologies to develop innovative sustainable packaging mondi

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