Mondi Plc full year results for the year ended 31 December 2021
Highlights • Strong financial performance ◦ Underlying EBITDA of €1,503 million, up €150 million year-on-year (11%), with second half up 29% ◦ Profit before tax of €983 million, up 28% ◦ Basic underlying earnings per share of 154.0 euro cents, up 19% ◦ ROCE up at 16.9% ◦ Continued good cash generation and strong balance sheet of 1.2x net debt to underlying EBITDA ◦ Recommended full year dividend of 65.0 euro cents per share, up 8% • Good progress on all elements of our sustainability roadmap, Mondi Action Plan 2030 (MAP2030) • Successful execution and delivery of key investments • Strong pipeline of capital investment projects to further capture growth in our packaging markets, building on our leading market positions and long track record of disciplined capital allocation, including €1 billion of expansionary projects approved or under advanced evaluation • Accelerated climate plans - committed to transition to Net-Zero by 2050, in line with a 1.5°C scenario • Agreed sale of Personal Care Components business in February 2022 to deliver greater focus • Well-positioned for the future, with unique portfolio of leading sustainable packaging solutions, cost-advantaged asset base and strong financial position