Mondi Mergers and Acquisitions Presentation Deck
MONDI GROUP KEY FINANCIALS
Borrowing Facilities
Net debt at demerger estimated at circa €1.5B
Targeting investment grade rating
Negotiating a new €1.75B committed debt facility
€1.55B of new facility in Mondi plc for five years with
ZAR 2B (€0.2B) in Mondi LTD for three years
In addition Mondi has existing Group committed
facilities of circa €0.9B at varying maturities
Targeting one covenant of net debt to EBITDA of 3.5x
Cross guarantees will be in place between Mondi plc
and Mondi LTD
Dividends
Would expect to make an interim dividend payment in
2007
O
mondi
Dividends will be determined by new board going
forward, and expected to take into account:
Actual Mondi trading
Both peer group and market dividend policies
Target of 2-3 times earnings coverage on average
over the cycle
In the absence of unforeseen circumstances, the
Board would have recommended distributing a
dividend of 20 Euro cents per share for 2006 assuming
that the demerger had been effective for the full year
(1) Implied underlying Mondi shares outstanding of 518 million, being the pro forma combined number of shares that is expected to be in issue upon admission.
PAGE 19View entire presentation