Mondi Europe & International Corporate Presentation - Status February 2012

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Mondi is an international paper and packaging company, with production operations across 31 countries and revenues of €5.3 billion in 2009. The Group’s key operations are located in Central Europe, …

Mondi is an international paper and packaging company, with production operations across 31 countries and revenues of €5.3 billion in 2009. The Group’s key operations are located in Central Europe, Russia and South Africa and employed 31,000 people on average in 2009.

Mondi is fully integrated across the paper and packaging process, from the growing of wood and the manufacture of pulp and paper (including recycled paper), to the conversion of packaging papers into corrugated packaging and industrial bags.

The Group is principally involved in the manufacture of uncoated fine paper (UFP), packaging paper and converted packaging products, as well as speciality products.

Mondi is a dual listed company, with primary listings on the Johannesburg and London stock exchanges under the ticker codes MND (JSE) and MNDI (LSE) respectively. The Group has been recognised for its sustainability performance through its inclusion in the FTSE4Good UK, Europe and Global indices in 2008 and 2009 and the JSE’s Socially Responsible Investment (SRI) Index in 2007, 2008 and 2009.

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  • 1. Europe & InternationalPresentationStatus February 2012
  • 2. Mondi Group Mondi is an international paper and packaging Group, with production operations across 28 countries and about 23,400 employees. Its key operations and interests are in central Europe, Russia and South Africa. The Group is involved in the manufacture of packaging paper, converted packaging products and uncoated fine paper.SOLUTIONS. FOR YOUR SUCCESS. Europe & International Presentation February 2012 Page 1
  • 3. Mondi Group Key Figures Mondi Group Mondi had revenues from continuing operations of €5.7 billion in 2011 and is a dual listed company at the London Stock Exchange (LSE) and Johannesburg Stock Exchange (JSE).* Comparative information has been restated where appropriate to take cognisance of the discontinued operation.1 The Group presents underlying EBITDA as measure which excludes special item in order to provide a more effective comparison of the underlying financial performance between reporting periods.2 ROCE is underlying operating profit expressed as a percentage of the average capital employed for the year, adjusted for impairments and spend on strategic projects which are not yet in operation. SOLUTIONS. FOR YOUR SUCCESS. Europe & International Presentation February 2012 Page 2
  • 4. Business Structure Mondi Group Merebank Europe & Richards Bay South Africa International (E&I) Forests Uncoated Fine Paper Corrugated Bags & Coatings Uncoated Fine Paper Containerboard Kraft Paper Corrugated Packaging Industrial Bags Aylesford Coatings & Consumer 50% Newsprint Packaging Mondi Shanduka 50% NewsprintSOLUTIONS. FOR YOUR SUCCESS. Europe & International Presentation February 2012 Page 3
  • 5. Corporate History Milestones2000 2002 2004 2007Acquisition of majority of Increased ownership Acquisition of Demerger of the Mondi Group fromFrantschach by Mondi of the Syktyvkar mill, the Roman Anglo American plc and dual listing Russia, to over 90% Bauernfeind on the London and JohannesburgAcquisition of 50% of the group stock exchangesRužomberok UFP & pulp 2008mill, Slovak Republic Acquisition of 54% of the Turkish New corporate corrugated packaging business structureAcquisition of the kraft Tire Kutsan announced, Europepaper, industrial bags and & Internationalextrusion coating Division and Southbusinesses of AssiDomän Africa DivisionStart-up of Coatings & createdConsumer Packaging 1967 Founding of Mondi, South Africa 2009 1997 Completion of the Acquisition of Świecie, investments of one of Poland’s €285m in the new largest paper mills lightweight recycled containerboard 2010 machine ECO7 and Acquisition of the Western European industrial €45m in the new 1881 1793 and consumer bags business of Smurfit Kappa state-of-the-art Founding of the pulp Founding of the corrugated box plant and paper mill Neusiedler paper Completion of the €545m investment in the in Świecie, Poland Frantschach, Austria mill, Austria extension and modernisation of the Syktyvkar mill, RussiaSOLUTIONS. FOR YOUR SUCCESS. Europe & International Presentation February 2012 Page 4
  • 6. The Mondi Way To create solutions for our customers’ success, delivering exceptional value in a sustainable way Purpose  Leading market positions  High quality, low cost asset base Strategy  Focus on performance  Operational Excellence  Cutting Edge  People Development Products  Customer Mondi Diamond  Sustainable Development Focus  Dynamic  Entrepreneurial  Respectful  Empowered Culture  Responsible  Transparent  Passion for performance  Caring Values  Acting with integritySOLUTIONS. FOR YOUR SUCCESS. Europe & International Presentation February 2012 Page 5
  • 7. The Mondi Diamond Cutting Edge ProductsOperational Excellence ● Ensure shared product development Sustainable Development● Maximise equipment and and success with customers ● Care about health and process efficiencies ● Create competitive advantages with safety● Focus on quality and leading high-quality products and brands ● Reduce environmental productivity ● Leverage expertise and create tailor- impacts and engage in● Improve cost competi- made solutions sustainable forestry tiveness and all ● Put social responsibility operational activities into practiceCustomer Focus People Development● Understand market and ● Inspire and develop customer needs people● Strive for flawless service ● Promote excellence in and on-time delivery leadership● Facilitate sustainable ● Shape our culture and partnerships and measure embrace diversity successSOLUTIONS. FOR YOUR SUCCESS. Europe & International Presentation February 2012 Page 6
  • 8. Mondi Europe & InternationalKey FiguresThe Europe & International Division (E&I), headquartered inVienna, has around 75 production sites in 27 countries andabout 22,000 employees.Our division consists of the uncoated fine paper, corrugatedand bags & coatings businesses. 2011 2010 ChangeWe are specialists in: Revenue €5,162m €4,852m 6.4%● Office, digital and offset paper 1 Uncoated Fine Paper €1,429m €1,516m (5.7%)● Containerboard 1 Corrugated €1,384m €1,235m 12.1%● Corrugated packaging 1● Kraft paper Bags & Coatings €2,478m €2,226m 11.3%● Industrial bags 2 €611m €431m● Consumer packaging Underlying Operating Profit 41.8%● Extrusion coating Uncoated Fine Paper €205m €179m 14.5%● Release liner Corrugated €178m €119m 49.6% Bags & Coatings €228m €133m 71.4% 1 Including intra-segment revenue. 2 Operating profit of subsidiaries and joint ventures before special items.SOLUTIONS. FOR YOUR SUCCESS. Europe & International Presentation February 2012 Page 7
  • 9. Mondi Europe & International NetworkAround 75 production sites in 27 countriesSOLUTIONS. FOR YOUR SUCCESS. Europe & International Presentation February 2012 Page 8
  • 10. Mondi Europe & InternationalProduction Statistics 2011 Uncoated Fine Paper 1,401 ktonnes Corrugated 1,213 million m2 Containerboard 2,010 ktonnes Board & Boxes Extrusion Coating Kraft Paper 956 ktonnes 3,357 million m2 & Release Liner Newsprint 199 ktonnes Industrial 3,958 million units Bags Market Pulp 213 ktonnes Consumer 1,246 million units Total pulp & paper 4,779 ktonnes PackagingSOLUTIONS. FOR YOUR SUCCESS. Europe & International Presentation February 2012 Page 9
  • 11. A Top Player in Europe Market Share in Europe* No. 1 No. 2 No. 3 Uncoated Uncoated Fine Paper1 15% *Europe including Russia and Turkey. ** Albania, Armenia, Azerbaijan, Belarus, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Fine Paper Office Paper1 23% Czech Republic, Estonia, Georgia, Hungary, Latvia, Lithuania, Macedonia, Malta, Moldova, Montenegro, Poland, Romania, Serbia, Slovakia, Slovenia, Turkey, Ukraine. Corrugated Virgin Containerboard2 12% 1) Based on sales volume. Source: EMGE Woodfree Forecast Report, December 2010, CEPIFINE, Pyrabelisk and management Kraft Paper3 24% estimates. 2) Based on capacity. Source: RISI Capacity Report 2011 and management estimates. 3) Based on capacity. Source: Pöyry July 2011 Bags and Industrial Bags4 23% report, RISI Lockwood-Post Mill Database 2011, Pöyry Smart Terminal Service and management estimates. Coatings Extrusion Coating5 7% 4) Based on sales volume. Source: Eurosac, Freedonia World Industrial Bags 2011 study prepared for Mondi and management estimates. 5) Based on sales. Source: AWA Extrusion Release Liner6 11% Coated Material European Market Study 2008 and management estimates. 6) Based on sales volumes. Source: AWA European Release Liner outlook 2010 and management estimates. 7) Based on capacity. Source: RISI Capacity Emerging Europe** No. 1 No. 2 No. 3 Report 2011 and management estimates. 8) Based on production. Source: Henry Poole Consulting 2010 and management estimates. Recycled Containerboard7 16% Corrugated Corrugated Packaging8 8%SOLUTIONS. FOR YOUR SUCCESS. Europe & International Presentation February 2012 Page 10
  • 12. Business Structure Europe & International Uncoated Fine Paper Corrugated Bags & Coatings Uncoated Fine Paper Containerboard Kraft Paper Corrugated Packaging Industrial Bags Coatings & Consumer PackagingSOLUTIONS. FOR YOUR SUCCESS. Europe & International Presentation February 2012 Page 11
  • 13. Uncoated Fine Paper Solutions for successful communication.  Full range of digital printing papers: Color Copy, DNS®, BIO TOP 3®, NAUTILUS®  Green Range = the highest ecological standards for professional printers (digital, offset & pre-print papers) and office users  A complete office portfolio: premium, everyday paper and a full tinted range  Converting solutions for specialised products 4 Mills 13 Sales Offices Digital Offset Office ConvertingSOLUTIONS. FOR YOUR SUCCESS. Europe & International Presentation February 2012 Page 12
  • 14. Containerboard Solutions for raw material savings.  Major European supplier of virgin and recycled containerboard  High-speed lightweight recycled containerboard machine ECO7, located in Central Europe at Świecie mill in Poland  New white top kraftliner quality that meets increased customer expectations  High quality containerboard grades for efficient packaging solutions with minimum environmental impact and maximum customer benefit 4 Mills 11 Sales Offices Appearance Kraft Semi Chem RecycledSOLUTIONS. FOR YOUR SUCCESS. Europe & International Presentation February 2012 Page 13
  • 15. Corrugated Packaging Personal and innovative solutions.  Leading manufacturer of corrugated packaging in central and emerging Europe  Full range of individual and tailor-made corrugated packaging solutions for a variety of industries, including the food, consumer goods and automotive sectors  Network of product innovation managers and research & development-dedicated infrastructure and tools 15 Plants 1 Paper Mill Shelf-ready Fruit & Top & bottom Heavy-duty packaging vegetable trays solutions packaging 6 Sales OfficesSOLUTIONS. FOR YOUR SUCCESS. Europe & International Presentation February 2012 Page 14
  • 16. Kraft Paper Economically & environmentally sound solutions.  Broad range of high-quality sack kraft and speciality kraft papers  Based on virgin fibre sourced in accordance with international forestry certification schemes  Experts in translating customer requirements into tailored packaging solutions  Ecologically sound products from the Mondi Green Range 6 Mills 9 Sales Offices Sack Kraft Speciality Kraft Market Paper Paper Pulp 3 R&D CentresSOLUTIONS. FOR YOUR SUCCESS. Europe & International Presentation February 2012 Page 15
  • 17. Industrial Bags Bag expertise at your service.  A trusted leader with operations in 27 countries, ensuring international presence and local service across an integrated value chain  Development of improved processes and tailor- made solutions together with our customers  Technical bag expertise at its best through extensive know-how in paper, bag converting and filling equipment  Bag to nature – Sustainable industrial bag solutions from the Mondi Green Range 37 Plants 8 Sales Offices Paper-based Sustainable Special 1 R&D Centre industrial bags innovations featuresSOLUTIONS. FOR YOUR SUCCESS. Europe & International Presentation February 2012 Page 16
  • 18. Coatings & Consumer Packaging Intelligent solutions for optimum performance.  Tailored silicone-coated and speciality release liners, specifically designed for pressure-sensitive applications  Converted pre-made bags & pouches as well as printed films & laminates for consumer packaging  Extrusion coated and laminated materials for functional enhancement of various substrates, such as paper, board, films, nonwovens and scrims 21 Plants 4 Converting Terminals Release Consumer Extrusion Liner Packaging Coatings 1 R&D CentreSOLUTIONS. FOR YOUR SUCCESS. Europe & International Presentation February 2012 Page 17
  • 19. Our WebsiteFor more information about Mondi please visit our websitewww.mondigroup.com Corporate Products  About us  Served industries  Locations  Our Services  Investor relations  Product news & events www.mondigroup.com www.mondigroup.com/products Careers Sustainability  Why talented people work  Climate change & forestry with Mondi  Social performance  Meet some of our people  Environmental performance  Career opportunities www.mondigroup.com/careers www.mondigroup.com/sustainabilitySOLUTIONS. FOR YOUR SUCCESS. Europe & International Presentation February 2012 Page 18
  • 20. FORWARD - LOOKING STATEMENTS It should be noted that certain statements herein which are not historical facts, including, without limitation those regarding expectations of market growth and developments; expectations of growth and profitability; and statements preceded by “believes”, “expects”, “anticipates”, “foresees”, “may” or similar expressions, are forward-looking statements. Since these statements are based on current knowledge, plans, estimates and projections, they involve risks and uncertainties which may cause actual results to materially differ from those expressed in such forward-looking statements. Various factors could cause actual future results, performance or events to differ materially from those described in these statements. Such factors include in particular but without any limitation: (1) operating factors such as continued success of manufacturing activities and the achievement of efficiencies therein, continued success of product development plans and targets, changes in the degree of protection created by Group’s patents and other intellectual property rights, the availability of capital on acceptable terms; (2) industry conditions, such as strength of product demand, intensity of competition, prevailing and future global market prices for the Group’s products and raw materials and the pricing pressures thereto, financial condition of the customers, suppliers and the competitors of the Group, potential introduction of competing products and technologies by competitors; and (3) general economic conditions, such as rates of economic growth in the Group’s principal geographical markets or fluctuations of exchange rates and interest rates. Mondi does not a) assume any warranty or liability as to accuracy or completeness of the information provided herein b) undertake to review or confirm analysts’ expectations or estimates or to update any forward-looking statements to reflect events that occur or circumstances that arise after the date of making any forward-looking statements.SOLUTIONS. FOR YOUR SUCCESS. Europe & International Presentation February 2012 Page 19