Sustainable Growth Strategy

Invest in assets with cost advantage UFP: Strongly positioned 18 Leading player Leading market positions 。 Europe CIS Southern Africa Gaining share in all key markets • Leveraging integrated asset base to grow in packaging Cost-advantaged asset base 2/3rds of portfolio in lowest industry cost quartiles 2 1/3 ~ 2/3 Strong cash generation through-the-cycle Underlying EBITDA / capital expenditure Integrated and cost-advantaged • Broad product portfolio with Neusiedler focused on premium grades 3.8x 2017 3.2x 2.0x 1.8x 2.2x 2018 2019 2020 H1 2021 Underlying EBITDA > capex by more than €1.1 billion since 2017 mondi

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