Mondi Results Presentation Deck

Strong cash generation and balance sheet Movement in net debt € million 0.5x Net debt to underlying EBITDA (1,011) 1. 2. 7 Net debt at 31 December 2022 680 Underlying EBITDA (412) Investment in the business ¹ (159) Tax and interest paid² Includes working capital movement, Duino acquisition and capital expenditure (including forestry assets and intangible assets) Including payment of derivative interest (231) Dividends (93) Other (mainly forestry fair value gain) 30 Disposal of Russian converting operations 0.8x Net debt to underlying EBITDA (1,196) Net debt at 30 June 2023 mondi

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