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.