Syndicate Meeting, 18 January 2022 CEO Presentation
W W W . M M . G R O U P
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MM Transformation 2020-2021
2021 was characterized by historically unprecedented cost increases (esp. energy, recycled paper and pulp), significantly squeezing our margins. We were able to implement price increases, which will materialize only with a delay, due to contractual commitments.
For MM Board & Paper (MMBP, formally Cartonboard), 2021 was marked by strategic acquisitions & divestments as well as major capex to increase competitiveness. In parallel, the division has been re-organizedand management strengthened. The focus for 2022 will be on stability and harvesting the synergies.
In MM Packaging (MMP), several measures to increase competitiveness have been set, which will be continued in 2022.
MM Transformation & Outlook
Syndicate Meeting, 18 January 2022
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Strategic Ambition for 2030 successfully put on track
Significant increase of competitiveness
Acquisitions of sustainably competitive board- and papermills Kotkamills (FIN) and Kwidzyn (PL) in 2021 at a reasonable valuation
Exit from our three small board production sites: Hirschwang (closure), Eerbeek (divestment), Baiersbronn (divestment)
Strengthening of MM Board&Paper leadership by hiring senior managers with extensive & successful track records in pulp and fresh fiber, capex and state of the art management processes
New sales policy: Active Operating Margin Management with a more variable bonus scheme for sales force
Strengthening of leadership team at holding level
Restructurings in MM Packaging with positive results effects from 2022 onward
MM Transformation & Outlook
Syndicate Meeting, 18 January 2022
3
Foundation for Growth and Increase of Profitability
Overview of key measures that are still in progress
Major capex in three competitive board production sites in Frohnleiten (AT), Neuss (GER) and Kolicevo (SLO). Positive impact on results from 2024 onward.
Expansion of MMP Neupack Polska and new packaging site Emerald in Poland, to participate in Central and Eastern European market growth and benefit from low cost levels. Positive impact on results in stages 2023-25
Increased efficiency through upgrade of machine park in print-, stamp- and gluing areas. Positive impact on results in stages from 2023 onward
Expansion of MMP sites to critical size including logistics: UK, Hirschwang and
Romania. Positive impact on results in stages from 2022 onward
Focus on sustainability shows first positive effects
CDP-Rating on Climate increased from C to A-
Clients perceive increased focus on sustainability positively
MM Transformation & Outlook
Syndicate Meeting, 18 January 2022
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W W W . M M . G R O U P
MM Transformation & Outlook
Syndicate Meeting, 18 January 2022
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Mayr-Melnhof Karton AG published this content on 18 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 January 2022 18:09:07 UTC.
Mayr-Melnhof Karton AG is Europe's leading producer of cardboard and cardboard boxes. Net sales break down by product family as follows:
- cardboard and paper (53.7%): 2,433 Kt produced, broken down between recycled fiber-based board (1,217 Kt; No. 1 worlwide), virgin fiber-based board (634 Kt) and papers (582 Kt). At the end of 2022, the group had 6 plants located in Europe;
- cardboard boxes (46.3%): 4,056 million m2 produced in 2022 through 65 production sites worldwide.
Net sales are distributed geographically as follows: Austria (1.8%), Germany (17.2%), Poland (14.6%), France (9%), the United Kingdom (6.8%), Europe (30.8%), the Americas (5.1%) and other (14.7%).
MAYR-MELNHOF KARTON AG 
