MONDI LIMITED - Mondi Group: Trading Statement

Release Date: 15/02/2019 09:00
Code(s): MND MNP
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Mondi Group: Trading Statement

Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000156550
Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
LEI: 213800LOZA69QFDC9N34
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI

15 February 2019

As part of the dual listed company structure, Mondi Limited and Mondi plc (together “Mondi Group”, the
“Group” or “Mondi”) notify both the JSE Limited and the London Stock Exchange of matters required to be
disclosed under the Listings Requirements of the JSE Limited and / or the Disclosure Guidance and
Transparency Rules and the Listing Rules of the United Kingdom Listing Authority.

Mondi Group: Trading Statement

In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, companies are required to
publish a trading statement as soon as they become reasonably certain that the financial results for the
period to be reported on next will differ by at least 20% from those of the previous corresponding period.

Mondi is currently finalising its results for the year ended 31 December 2018, which will be released on 28
February 2019. Mondi expects underlying EBITDA for the year ended 31 December 2018 to be above that
of the comparable prior year period of €1,482 million.

In the prior year, the Group recognised special item net charges after tax of €53 million. Special item net
charges after tax for the year ended 31 December 2018 are expected to be around €92 million of which €81
million were recognised in the first half.

Accordingly, Mondi advises that it expects earnings per share (EPS) for the year ended 31 December
2018 to be within the ranges shown below:

   ?   basic underlying EPS (euro cents) 186 to 192 (2017: 148.9), an increase of between 25% and 29%

   ?   basic EPS (euro cents) 167 to 173 (2017: 137.9), an increase of between 21% and 25%

   ?   basic headline EPS (euro cents) 182 to 188 (2017: 145.4), an increase of between 25% and 29%

Mondi has disclosed basic underlying EPS, which is defined as basic EPS excluding the impact of special
items, as the directors believe this provides a useful additional measure of the Group’s earnings performance
that is comparable from year to year. Mondi has disclosed basic EPS which includes the effect of special
items. The disclosure of basic headline EPS is mandated under the Listings Requirements of the JSE
Limited and has been calculated in accordance with Circular 4/2018 ‘Headline Earnings’, as issued by the
South African Institute of Chartered Accountants. 2017 comparative figures in this announcement have been
restated for the impact of the Group’s early adoption of the new 'Leases' accounting standard, IFRS 16.

The above information has neither been reviewed nor audited by Mondi’s auditors.
Contact details:
 Mondi Group
 Andrew King                                          +44 193 282 6355
 Group CFO

 Clara Valera                                         +44 193 282 6357
 Group Head of Strategy and Investor Relations

 Kerry Cooper                                         +44 193 282 6323
 Senior Manager – External Communication

About Mondi
Mondi is a global leader in packaging and paper, delighting its customers and consumers with innovative
and sustainable packaging and paper solutions. Mondi 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 Mondi does. In 2017, Mondi had revenues of €7.10 billion and underlying EBITDA of €1.48 billion.
Mondi has a dual listed company structure, with a primary listing on the JSE Limited for Mondi Limited under
the ticker MND, and a premium listing on the London Stock Exchange for Mondi plc, under the ticker MNDI.
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.

Date: 15/02/2019 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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