Sustainable Growth Strategy

Strong financial position Net debt € million (net debt) and ratio (net debt to underlying EBITDA) 1.5x 1.4x 1.3x 1.3x 1.3x 29 29 2,220 2018 2,207 2019 1,791 2020 2,039 2,004 H1 2020 H1 2021 -Net debt to underlying EBITDA Signed €750 million revolving credit facility 。 Aligning financing with MAP2030 Extending debt maturity profile Strong liquidity of around €1 billion • Investment grade credit ratings (BBB+ / Baa1) mondi

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