Mondi opens FlexStudios – a brand-new innovation hub for co-creating sustainable flexible packaging solutions

Fourth Quarter Results Include (all results compared to the fourth quarter 2020 unless otherwise noted)(1): *Net income of $104.5 million or $1.74 per diluted Class A share compared to net income of $44.4 million or $0.74 per diluted Class A share. Net income, excluding the impact of adjustments(2), of $115.4 million or $1.93 per diluted Class A share compared to net income, excluding the impact of adjustments, of $46.4 million or $0.78 per diluted Class A share. Adjusted EBITDA(3) increased by $56.8 million to $211.3 million. *Net cash provided by operating activities decreased by $63.1 million to $137.3 million. Adjusted free cash flow(4) decreased by $79.1 million to $94.8 million primarily as a result of inflationary raw material costs. *Total debt decreased by $261.4 million to $2,225.6 million. Net debt(5) decreased by $280.1 million to $2,101.0 million and decreased by $66.8 million sequentially from the third quarter of 2021. The Company's leverage ratio(6) decreased to 2.49x compared to 3.66x, within our targeted leverage ratio range of 2.0x - 2.5x.

Berry Global Group, Inc. is again demonstrating its worldwide leadership in the design, development, and production of patient-centered healthcare solutions with the announcement of plans to establish a second manufacturing facility and global healthcare center of excellence in Bangalore, India. Planned for development near Berry’s existing Bangalore operation, the new facility will enable the company to extend its R&D expertise and scale up production in several key healthcare sectors: ophthalmic, nasal pumps, inhalation, and injectable administrations. The increased capacity will also enhance supply in India and throughout South Asia, addressing some of the fastest growing healthcare market geographies.

PawPrint™ Pet Food Packaging Papers offer sustainable alternatives for flexible pet food packaging needs. PawPrint™ papers provide pet food brand owners functional yet visually attractive pet food packaging – inside and out- to help them eliminate the need for single-use plastic with a more sustainable alternative. “The marketplace is constantly moving to more sustainable, recyclable and chemical-free options for packaging, including pet food packaging,” said Jeff Murphy, V¬ice President of Ahlstrom-Munksjö’s Food Packaging business. “Our FluoroFree® technology, in addition to our other continuous innovations, are best positioned to help brand owners meet these goals.”