Mondi Credit Presentation Deck

Key credit highlights Strong cash generation and industry leading margins Conservative credit profile and disciplined capital allocation Among the highest rated packaging credits Baa1 Stable Moody's since Sept 2017 BBB+ Stable S&P since April 2018 Balancing leverage, capital investment, shareholder returns, and acquisitions Leading Market Positions Corrugated Packaging: #1 Containerboard (emerging Europe), #1 Virgin containerboard (Europe) Flexible Packaging: #1 Kraft paper (global) / #1 paper bags (Europe) • Engineered Materials: #1 Commercial release liner (Europe) Uncoated Fine Paper: #1 Uncoated fine paper (Europe) Growth focus on packaging Cost-advantaged operations with a global footprint Well-invested, efficient asset base, located primarily in low-cost countries in Central and Eastern Europe and South Africa Most assets are positioned in the lowest quartile in their respective cost curves Integrated value chain Industry leading returns Recognised leader in and commitment to sustainability 36 mondi

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