Europe & International Presentation Status February 2012
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
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). 2011 € 5, 739 m Revenue 2010* Change € 5, 610 m 2. 3% Underlying EBITDA € 964 m € 798 m 20. 8% EBITDA Margin 16. 8% 14. 2% 18. 3% € 3, 833 m € 4, 554 m (15. 8%) 15. 0% 12. 3% 22. 0% 1 Capital Employed Comparative information has been restated where appropriate to take cognisance of the discontinued operation. 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. * 1 SOLUTIONS. FOR YOUR SUCCESS. 2 ROCE Europe & International Presentation February 2012 Page 2
Business Structure Mondi Group Merebank Europe & International (E&I) South Africa Richards Bay Forests Uncoated Fine Paper Corrugated Bags & Coatings Uncoated Fine Paper Containerboard Kraft Paper Corrugated Packaging Industrial Bags SOLUTIONS. FOR YOUR SUCCESS. Europe & International Presentation 50% Aylesford Newsprint 50% Coatings & Consumer Packaging Mondi Shanduka Newsprint February 2012 Page 3
Corporate History Milestones 2000 Acquisition of majority of Frantschach by Mondi Acquisition of 50% of the Ružomberok UFP & pulp mill, Slovak Republic 2002 Increased ownership of the Syktyvkar mill, Russia, to over 90% 2004 Acquisition of the Roman Bauernfeind group 2007 Demerger of the Mondi Group from Anglo American plc and dual listing on the London and Johannesburg stock exchanges Acquisition of 54% of the Turkish corrugated packaging business Tire Kutsan Acquisition of the kraft paper, industrial bags and extrusion coating businesses of Assi. Domän Start-up of Coatings & Consumer Packaging 2008 New corporate structure announced, Europe & International Division and South Africa Division created 1967 Founding of Mondi, South Africa 1997 Acquisition of Świecie, one of Poland’s largest paper mills 1881 Founding of the pulp and paper mill Frantschach, Austria SOLUTIONS. FOR YOUR SUCCESS. 1793 Founding of the Neusiedler paper mill, Austria 2010 Acquisition of the Western European industrial and consumer bags business of Smurfit Kappa Completion of the € 545 m investment in the extension and modernisation of the Syktyvkar mill, Russia Europe & International Presentation 2009 Completion of the investments of € 285 m in the new lightweight recycled containerboard machine ECO 7 and € 45 m in the new stateof-the-art corrugated box plant in Świecie, Poland February 2012 Page 4
The Mondi Way To create solutions for our customers’ success, delivering exceptional value in a sustainable way Purpose l Leading market positions l High quality, low cost asset base Strategy l Focus on performance l Operational Excellence l Cutting Edge l People Development Products l Customer Focus l Sustainable Development l Dynamic l Entrepreneurial l Respectful l Empowered l Responsible Mondi Diamond l Transparent Culture l Passion for performance l Caring Values l Acting with integrity SOLUTIONS. FOR YOUR SUCCESS. Europe & International Presentation February 2012 Page 5
The Mondi Diamond Operational Excellence ● Maximise equipment and process efficiencies ● Focus on quality and productivity ● Improve cost competitiveness and all operational activities Customer Focus ● Understand market and customer needs ● Strive for flawless service and on-time delivery ● Facilitate sustainable partnerships and measure success SOLUTIONS. FOR YOUR SUCCESS. Cutting Edge Products ● Ensure shared product development and success with customers ● Create competitive advantages with leading high-quality products and brands ● Leverage expertise and create tailormade solutions Sustainable Development ● Care about health and safety ● Reduce environmental impacts and engage in sustainable forestry ● Put social responsibility into practice People Development ● Inspire and develop people ● Promote excellence in leadership ● Shape our culture and embrace diversity Europe & International Presentation February 2012 Page 6
Mondi Europe & International Key Figures The Europe & International Division (E&I), headquartered in Vienna, has around 75 production sites in 27 countries and about 22, 000 employees. Our division consists of the uncoated fine paper, corrugated and bags & coatings businesses. 2011 We are specialists in: 2010 Change Revenue € 5, 162 m € 4, 852 m 6. 4% Uncoated Fine Paper 1 € 1, 429 m € 1, 516 m (5. 7%) Corrugated 1 € 1, 384 m € 1, 235 m 12. 1% Bags & Coatings 1 € 2, 478 m € 2, 226 m 11. 3% Underlying Operating Profit 2 € 611 m € 431 m 41. 8% Uncoated Fine Paper € 205 m € 179 m 14. 5% Corrugated € 178 m € 119 m 49. 6% Bags & Coatings ● Office, digital and offset paper ● Containerboard ● Corrugated packaging ● Kraft paper ● Industrial bags ● Consumer Packaging ● Extrusion coating ● Release liner € 228 m € 133 m 71. 4% 1 Including intra-segment revenue. 2 Operating SOLUTIONS. FOR YOUR SUCCESS. profit of subsidiaries and joint ventures before special items. Europe & International Presentation February 2012 Page 7
Mondi Europe & International Network Around 75 production sites in 27 countries SOLUTIONS. FOR YOUR SUCCESS. Europe & International Presentation February 2012 Page 8
Mondi Europe & International Production Statistics 2011 Uncoated Fine Paper Containerboard 1, 401 ktonnes 2, 010 ktonnes Kraft Paper 956 ktonnes Newsprint 199 ktonnes Market Pulp 213 ktonnes Total pulp & paper SOLUTIONS. FOR YOUR SUCCESS. 4, 779 ktonnes Corrugated Board & Boxes 1, 213 million m 2 Coating & Release Liner 3, 357 million m 2 Industrial Bags 3, 958 million units Consumer Packaging 1, 246 million units Europe & International Presentation February 2012 Page 9
A Top Player in Europe Market Share in Europe* No. 1 Uncoated Fine Paper Uncoated Woodfree 1 23% Corrugated Virgin Containerboard 2 No. 3 15% Office Paper 1 No. 2 12% Kraft Paper 3 Bags and Coatings 24% Industrial Bags 4 23% Extrusion Coating 5 7% Release Liner 6 Emerging Europe** Corrugated *Europe including Russia and Turkey. ** Albania, Armenia, Azerbaijan, Belarus, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, Georgia, Hungary, Latvia, Lithuania, Macedonia, Malta, Moldova, Montenegro, Poland, Romania, Serbia, Turkey, Slovakia, Slovenia, Ukraine. Recycled Containerboard 7 Corrugated Packaging 8 SOLUTIONS. FOR YOUR SUCCESS. 11% No. 1 No. 2 No. 3 16% 1) Based on sales volume. Source: EMGE Woodfree Forecast Report, December 2010, CEPIFINE, Pyrabelisk and management estimates. 2) Based on capacity. Source: RISI Capacity Report 2011 and management estimates. 3) Based on capacity. Source: Pöyry July 2011 report, RISI Lockwood-Post Mill Database 2011, Pöyry Smart Terminal Service and management estimates. 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 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 Report 2011 and management estimates. 8) Based on production. Source: Henry Poole Consulting 2010 and management estimates. 8% Europe & International Presentation February 2012 Page 10
Business Structure Europe & International Uncoated Fine Paper Corrugated Bags & Coatings Uncoated Fine Paper Containerboard Kraft Paper Corrugated Packaging Industrial Bags Coatings & Consumer Packaging SOLUTIONS. FOR YOUR SUCCESS. Europe & International Presentation February 2012 Page 11
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 Digital Offset SOLUTIONS. FOR YOUR SUCCESS. Office Converting 4 Mills 13 Sales Offices Europe & International Presentation February 2012 Page 12
Containerboard Solutions for raw material savings. Major European supplier of virgin and recycled containerboard High-speed lightweight recycled containerboard machine ECO 7, 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 SOLUTIONS. FOR YOUR SUCCESS. Semi Chem Recycled Europe & International Presentation February 2012 Page 13
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 Shelf-ready packaging Fruit & vegetable trays SOLUTIONS. FOR YOUR SUCCESS. Top & bottom solutions Heavy-duty packaging 15 Plants 1 Paper Mill 6 Sales Offices Europe & International Presentation February 2012 Page 14
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 Sack Kraft Paper SOLUTIONS. FOR YOUR SUCCESS. Speciality Kraft Paper Market Pulp 6 Mills 9 Sales Offices 3 R&D Centres Europe & International Presentation February 2012 Page 15
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 tailormade 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 Paper-based industrial bags SOLUTIONS. FOR YOUR SUCCESS. Sustainable innovations Special features 37 Plants 8 Sales Offices 1 R&D Centre Europe & International Presentation February 2012 Page 16
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 Release Liner SOLUTIONS. FOR YOUR SUCCESS. Consumer Packaging Extrusion Coatings 21 Plants 4 Converting Terminals 1 R&D Centre Europe & International Presentation February 2012 Page 17
Our Website For more information about Mondi please visit our website www. mondigroup. com Corporate Products About us Served industries Locations Our Services Investor relations Product news & events www. mondigroup. com/products Careers Sustainability Why talented people work with Mondi Meet some of our people Career opportunities www. mondigroup. com/careers SOLUTIONS. FOR YOUR SUCCESS. Climate change & forestry Social performance Environmental performance www. mondigroup. com/sustainability Europe & International Presentation February 2012 Page 18
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
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