Mondi Credit Presentation Deck

Capital investment projects delivering growth Capital expenditure € million 16 174% 595 2015 132% 465 2016 147% 611 2017 173% 709 2018 -Capex as a % of depreciation 187% 757 2019 Strong contribution: o €75 million in the past 3 years, including €30 million in 2019 o €40 million expected in 2020 • Focused capital investment project pipeline securing future organic growth • Key projects expected to increase current saleable pulp and paper production by around 8% when in full operation mondi

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