Mondi plc

(Incorporated in England and Wales) (Registered number: 6209386)

LEI: 213800LOZA69QFDC9N34

LSE share code: MNDI ISIN: GB00B1CRLC47

JSE share code: MNP 11 December 2019

Mondi Group: restated segmental information

As previously announced, the Group reorganised its business units to strengthen value chain integration and improve customer focus effective from 7 October 2019. The Group's four business units (previously three business units) are as follows:

  • Corrugated Packaging, comprising the operations of containerboard and corrugated solutions;
  • Flexible Packaging, comprising kraft paper, paper bags and consumer flexibles operations;
  • Engineered Materials, comprising personal care components, extrusion solutions and release liner operations; and
  • Uncoated Fine Paper, which remains unchanged.

Prior year figures have been restated to reflect the new organisational structure and are set out below. The reorganisation has no impact on the overall Group result.

Six months ended 30 June 2019 (restated)

€ million, unless otherwise stated

Corrugated

Flexible

Engineered

Uncoated

Corporate

Intersegment

Total

Packaging

Packaging

Materials

Fine Paper

elimination

Segment revenue

1,045

1,394

518

913

-

(99)

3,771

Internal revenue

(15)

(36)

(24)

(24)

-

99

-

External revenue

1,030

1,358

494

889

-

-

3,771

Underlying EBITDA

297

304

56

254

(17)

-

894

Depreciation and impairments

(59)

(69)

(14)

(59)

-

-

(201)

Amortisation

(3)

(6)

(4)

(1)

-

-

(14)

Underlying operating profit/(loss)

235

229

38

194

(17)

-

679

Special items

-

-

-

-

(2)

-

(2)

Operating segment assets

2,291

3,083

780

2,024

4

(82)

8,100

Operating segment net assets

2,032

2,589

674

1,663

1

-

6,959

Additions to non-current

81

123

11

110

-

-

325

non-financial assets

Capital expenditure cash payments

93

131

12

103

-

-

339

Underlying EBITDA margin (%)

28.4

21.8

10.8

27.8

-

-

23.7

Return on capital employed (%)

30.2

15.5

11.4

34.2

-

-

23.2

Average number of employees

6.7

10.5

2.4

6.3

0.1

-

26.0

(thousands)1

Note:

1 Presented on a full time employee equivalent basis

Six months ended 30 June 2018 (restated)

€ million, unless otherwise stated

Corrugated

Flexible

Engineered

Uncoated

Corporate

Intersegment

Total

Packaging

Packaging

Materials

Fine Paper

elimination

Segment revenue

1,015

1,378

494

941

-

(101)

3,727

Internal revenue

(22)

(33)

(23)

(23)

-

101

-

External revenue

993

1,345

471

918

-

-

3,727

Underlying EBITDA

324

256

58

230

(16)

-

852

Depreciation and impairments

(55)

(73)

(15)

(61)

(1)

-

(205)

Amortisation

(4)

(7)

(5)

(1)

-

-

(17)

Underlying operating profit/(loss)

265

176

38

168

(17)

-

630

Special items

-

(81)

(1)

(18)

-

-

(100)

Operating segment assets

2,256

2,821

784

1,831

7

(97)

7,602

Operating segment net assets

2,010

2,338

662

1,523

3

-

6,536

Additions to non-current

438

173

19

143

-

-

773

non-financial assets

Capital expenditure cash payments

83

164

16

84

-

-

347

Underlying EBITDA margin (%)

31.9

18.6

11.7

24.4

-

-

22.9

Return on capital employed (%)

30.1

14.8

13.2

26.5

-

-

21.3

Average number of employees

6.3

10.5

2.4

6.5

0.1

-

25.8

(thousands)1

Year ended 31 December 2018 (restated)

€ million, unless otherwise stated

Corrugated

Flexible

Engineered

Uncoated

Corporate

Intersegment

Total

Packaging

Packaging

Materials

Fine Paper

elimination

Segment revenue

2,115

2,708

984

1,877

-

(203)

7,481

Internal revenue

(41)

(69)

(45)

(48)

-

203

-

External revenue

2,074

2,639

939

1,829

-

-

7,481

Underlying EBITDA

707

461

112

516

(32)

-

1,764

Depreciation and impairments

(116)

(146)

(30)

(119)

(1)

-

(412)

Amortisation

(9)

(14)

(9)

(2)

-

-

(34)

Underlying operating profit/(loss)

582

301

73

395

(33)

-

1,318

Special items

-

(102)

(3)

(21)

-

-

(126)

Operating segment assets

2,277

2,944

789

1,852

4

(132)

7,734

Operating segment net assets

2,001

2,442

672

1,494

(9)

-

6,600

Additions to non-current

535

396

35

280

-

-

1,246

non-financial assets

Capital expenditure cash payments

157

360

31

161

-

-

709

Underlying EBITDA margin (%)

33.4

17.0

11.4

27.5

-

-

23.6

Return on capital employed (%)

34.7

14.3

11.4

31.9

-

-

23.6

Average number of employees

6.5

10.6

2.4

6.5

0.1

-

26.1

(thousands)1

Note:

1 Presented on a full time employee equivalent basis

Contact details:

Mondi Group

Andrew King

+44 193 282 6321

Group CFO

Clara Valera

+44 193 282 6357

Group Head of Strategy and Investor Relations

Kerry Cooper

+44 193 282 6323

Group Head of External Communication

FTI Consulting

Richard Mountain

+44 790 968 4466

About Mondi

Mondi is a global leader in packaging and paper, delighting its customers and consumers with innovative packaging and paper solutions that are sustainable by design. Our business is fully integrated across the packaging and paper value chain - from managing forests and producing pulp, paper and plastic films, to developing and manufacturing effective industrial and consumer packaging solutions. Sustainability is embedded in everything we do. In 2018, Mondi had revenues of €7.48 billion and underlying EBITDA of €1.76 billion.

Mondi has a premium listing on the London Stock Exchange (MNDI), and a secondary listing on the JSE Limited (MNP). Mondi is a FTSE 100 constituent, and has been included in the FTSE4Good Index Series since 2008 and the FTSE/JSE Responsible Investment Index Series since 2007.

Sponsor in South Africa: UBS South Africa Proprietary Limited.

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Mondi plc published this content on 11 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 December 2019 09:10:00 UTC