Sustainable Growth Strategy

Leveraging unique platform, growing with customers Underlying EBITDA and margin € million and % Flexible Packaging 35 20.3% 280 H1 2020 19.6% 18.5% 239 H2 2020 Underlying EBITDA margin 271 H1 2021 • Strong volume growth o Paper bags volumes up 11% - growth in all regions o Consumer flexibles benefited from improved product mix and innovations Strong pricing momentum • Price increases implemented in kraft paper (where not fixed by contracts) o Progress made in converting operations to pass on significantly higher input costs Innovating to support our customers' transition to more sustainable packaging mondi

View entire presentation