Mondi Plc · LSE:MNDI
Mondi — Investor Day (September 2013)
8 slides from Mondi's investor day presentation, Sep 2, 2013
Slide 1: Mondi Capital Markets Day
Mondi Capital Markets Day Mondi Group Andrew King 2 September 2013
Slide 2: Our free cash flow priorities
Our free cash flow priorities Maintain investment grade credit metrics Selective capital investment opportunities (optimisation of asset base) Free cash flow priorities Support dividends M&A and / or increased shareholder distributions As l Future growth focused on faster growing packaging segments
Slide 3: Robust financial position
Robust financial position % change % change H1 H2 H1 vs vs € million 2012 2012 2013 H1 2012 H2 2012 Net debt 1,257 1,872 1,844 47% -1% Committed facilities 1,795 2,606 2,598 45% - Of which undrawn 584 762 743 27% -2% Gearing (Net debt / Trading capital employed) 31% 40% 40% Net debt / 12 month trail
Slide 4: Capital investments
Capital investments Capital expenditure in € million and as a % of depreciation and amortisation 188% 149% 117% 78% 86% 89% 700 522 398 268 303 167 2008 2009 2010 2011 2012 H1 2013 Capex Capex as % depreciation and amortisation l Capex to depreciation expected to average ±125% in 2013 / 2014 Packagi
Slide 5: €370 million of capital investments on track
€370 million of capital investments on track Description Progress l Frantschach recovery boiler ð Start-up in H2 2013 Energy l Richards Bay turbine ð Start-up late H2 2013 Projects l Stambolijski turbine ð Start-up late H2 2013 l Syktyvkar bark boiler ð Completed Syktyvkar l Pulp dryer ð Start-up H2
Slide 6: Strong dividend growth
Strong dividend growth Dividends declared € cents per share 30 25 20 19.10 17.75 15 16.50 10 7.00 5 8.25 8.90 9.55 2.50 3.50 0 2009 2010 2011 2012 2013 Interim dividend Final dividend l Strong growth in dividend over the last 5 years, in line with earnings growth l Dividends distributed over the las
Slide 7: Thank you for your attention Q&A
Thank you for your attention Q&A Packagi ng Paper | F i bre Packagi ng | Consum er Packagi ng | Uncoat ed F i ne Paper | Sout h Af ri ca Di v i si on 6
Slide 8: Forward-Looking Statements
FORWARD - LOOKING STATEMENTS It should be noted that certain statements herein which are not historical facts, including, without limitation those regarding expectations of market growth and developments; expectations of growth and profitability; and statements preceded by “believes”, “expects”, “an