Mondi Credit Presentation Deck

Underlying EBITDA development Underlying EBITDA development € million 31 1,764 2018 (87) Sales volumes (103) Sales prices (14) Variable costs (18) Cash fixed costs 25 45 Currency Acquisitions effects & disposals 28 Forestry fair value gain Solid operational performance, strong cost control and good contribution from acquisitions and capital investment projects mitigating market pressures 18 Other 1,658 2019 mondi

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