Fiberweb plc Full Year Results Daniel Dayan, CEO Dan Abrams, CFO 1 March 2012

Fiberweb plc – Full Year Results 2011 Highlights Daniel Dayan Financial Review Dan Abrams Outlook Daniel Dayan

A Challenging Transitional Year Extreme raw material increases in H1 Creation of Geosynthetics Division – £20m Terram; £15m Bodds; £8m Tubex; £30m US Rationalisation at Terram (H1), Berlin (H2) Creation of Technical Fabrics Division – £130m ‘old’ Industrial; £90m Drier Sheet and Hygiene Restructuring following hygiene disposal

A Year of Strategic Transformation £300 million, more tightly-focused, specialty industrial and construction materials business – Focus areas: Filtration, Geosynthetics, Specialty Construction, Medical Net cash c£10 million after disposal expenses Significant US post-retirement benefit changes Dividend maintained in-line with expectations – 2p final, 3p total

Strategy To deliver superior shareholder returns through becoming a global leader in the intelligent application of materials technology New medium-term financial goals: Sales growth: 2xGDP Return on sales: 8-10% Return on capital employed: >15%

Landscape+ £20m Drier Sheet £40m Filtration £40m Geospec. £45m Tech. Specialities £50m Construction £45m Hygiene £50m High MARGIN Low HighSHORT-TERM GROWTH POTENTIAL Innovate, invest and grow Selectively develop Protect and improve ‘New’ Fiberweb Portfolio

Financial Review Dan Abrams, CFO 1 March 2012

Hygiene Disposal Eliminated Net Debt £m Cash proceeds $1.5543) Vendor loan note Net assets disposed Disposal costs (199.2) (8.8) Tax arising on disposals(7.4) Recycling of FX differences from reserves32.9 Profit on disposal1.5 Exit multiples: 6.2x 2010 adjusted EBITDA 14.6x 2010 adjusted EBIT

Transformed Balance Sheet ROCE 31 Dec % % £m PPE & Intangibles Working Capital Trade Working Capital/Sales Net Cash Net Assets

Financing Secure Net cash of £22 million at 31 December 2011 – Transaction/Swap costs of £9 million Multi-currency facility of £50 million; $40 million and €30 million, expires July 2013 – Covenants: Gearing 2.75x, Interest cover 5.00x 2012 financing charge expected c£2 million $26 million 6% vendor note – receivable 31 December 2012

Improvement in Pension Position £mAssetsLiabilitiesNet liability At 31 December (64.3)(26.5) At 1 January (70.5)(35.5) PRMB changes-9.3 Actuarial loss -5.9 Disposed (0.5)(8.8)(9.3) Interest1.9(3.4)(1.5) Other changes

Continuing Benefit of Historic Tax Losses £(5.1)m £0.8m £3.0m (0.8)p £3.4m £m2011 Underlying PBT Underlying Tax Credit Deferred Tax Underlying EPS Cash Tax Paid Deferred tax credit in respect of US, UK, Italian losses: £3.0m (2010: £3.6m) Tax losses: US $35m, UK £15m

Group Cashflow Dominated by Disposals Net proceeds on disposals £m Net debt b/fwd Hygiene £161.2m net, Other £18.3m Total cashflow Net cash c/fwd Exchange differences & facility fee amortisation 20.5 (23.4) (9.4) (9.7) (151.2) (2.2) Cash from continuing operations Group capex Net interest paid Dividends Acquisitions Rights issue Other (6.0)

Raw Materials – Net Adverse Impact £3.8m Continuing business polymer mix: 25kt PET, 40kt PP, 35kt others (mainly PP/PET fibres) Contractual pass-through continues on circa 40% of continuing sales 1) 2010 hedging profit £5.4 million £m (16.0) 13.1 (2.9) (3.8) Raw material cost impact Pricing actions (82% recovery) Net raw material cost impact Hedging loss 1) Net impact (0.9)

A New Base for Profit Growth 1) Normalised applies the debt and tax structure pertaining post-disposal to the underlying 2011 numbers 2011 as reported £m Revenue Underlying operating profit Underlying operating profit margin % Interest (full Group charge) Underlying (loss)/profit before tax % (15.9) (5.1) Underlying tax3.8 Underlying earnings(0.8)p Dividend 2011 Normalised 1) % (2.0) 8.8 (2.9) 3.4p 2p final, 3p total

Outlook Daniel Dayan, CEO 1 March 2012

Strategic Programmes MARGIN GROWTH Pricing Mix Innovation SALES GROWTH Market Share Innovation Emerging Markets COST REDUCTION Q5Zero Conversion Costs Central Costs

Central Headcount reduction in central functions Tax planning opportunities COST REDUCTION Q5Zero Conversion Costs Central Costs Cost Reduction Plans Well-Advanced Technical Fabrics New line at Terno d’Isola replacing 3 smaller lines Full-year impact of Königswinter rationalisation Upgrade/expansion of Aschersleben specialty laminate line Global organisation replacing regional overheads Geosynthetics Needlepunch commissioning Q at Maldon Final Pontypool closure mid-2012 Full-year impact of Tubex Conversion centre rationalisation at Old Hickory SG&A reduction in US

MARGIN GROWTH Pricing Mix Innovation Margin Growth from Mix and Pricing Geosynthetics Pricing notice periods reduced Increased export efforts for geospecialties Solution selling for grass/soil reinforcement High-speed rail solutions Technical Fabrics Pricing notice periods reduced More pass-through contracts Selective growth in hygiene Clear focus on filtration and technical specialties Transatlantic synergies Meltblown from Europe to NA PET from NA to Europe

SALES GROWTH Market Share Innovation Emerging Markets Innovation and Share Gain Driving Growth Technical Fabrics Steady growth in polyethylene fabrics with unique properties New filtration products based on unique technologies Several medical initiatives in specialty patient sheets, ostomy, face masks Biodegradable crop covers Geosynthetics Sustained share gain in housewrap Renewed NA roofing range Biodegradable tree shelters Enhanced efforts in MidEast/India/Russia

Looking Forward with Confidence More focused Group with new management structure Group more agile on pricing Cost reductions ongoing during Q1-Q Focus on innovation, flexibility, margin Opportunity to leverage brand strengths Expect significant progress towards our medium- term financial goals