Q1 2023 RESULT

Progress continues on our transformation journey, with initiatives
including strategic sourcing and pricing well on track.

Net sales increased 3% on higher selling prices.

Net sales growth driven by higher prices –
comparable EBITDA supported by higher MOVC per ton*

Increase in key input costs, more
than offset by pricing and cost
saving actions.

Margin on variable cost per ton remains solid, as a result of
transformation initiatives, including pricing.