Sustainable Growth Strategy

Consistent strategy driving strong performance Underlying EBITDA and margin € million and % 9 23.6% 22.8% 20.5% 20.9% 20.3% 19.5% Cash generated from operations € million 1,366 2016 1,482 2017 1,764 2018 1,658 2019 1,353 709 1,401 1,363 1,654 1,635 1,485 2020 H1 2021 2016 2017 2018 2019 2020 Underlying EBITDA -Underlying EBITDA margin 552 H1 2021 mondi

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