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MONDI PLC - Restated segmental information

MONDI PLC - Restated segmental information

MONDI PLC - Restated segmental information

PR Newswire

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 Packaging Flexible Packaging Engineered Materials Uncoated Fine Paper Corporate Intersegment elimination Total
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
non-financial assets
81 123 11 110 325
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 (thousands)1 6.7 10.5 2.4 6.3 0.1 26.0

Six months ended 30 June 2018 (restated)

€ million, unless otherwise stated Corrugated Packaging Flexible Packaging Engineered Materials Uncoated Fine Paper Corporate Intersegment elimination Total
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
non-financial assets
438 173 19 143 773
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 (thousands)1 6.3 10.5 2.4 6.5 0.1 25.8

Year ended 31 December 2018 (restated)

€ million, unless otherwise stated Corrugated Packaging Flexible Packaging Engineered Materials Uncoated Fine Paper Corporate Intersegment elimination Total
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
non-financial assets
535 396 35 280 1,246
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 (thousands)1 6.5 10.6 2.4 6.5 0.1 26.1

Note:

1 Presented on a full time employee equivalent basis

Contact details:

Mondi Group
Andrew King
Group CFO
+44 193 282 6321
Clara Valera
Group Head of Strategy and Investor Relations
+44 193 282 6357
Kerry Cooper
Group Head of External Communication
+44 193 282 6323
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.

Quick facts: Mondi PLC

Price: 1638.5

Market: LSE
Market Cap: £7.96 billion
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