Investor Presentaiton

Glossary Term A$ AAS AASB Acquisition Definition Australian dollar Australian Accounting Standards Australian Accounting Standards Board Refers to Orora's proposed acquisition of Saverglass Term CEO CO₂ Definition Chief Executive Officer Carbon dioxide Combined Group Represents Orora and Saverglass post Completion Corporations Act Corporations Act 2001 (Cth) Additional Shares Eligible Retail Shareholders that take up their full Entitlement may also apply for additional New Shares in excess of their Entitlement, up to a maximum of 50% of their Entitlement at the Offer Price CY D&A Adjusted EBITDA Adjusted EBITDA (represents Saverglass' EBITDA) which has been normalised for items identified during due diligence on a pre AASB-16 leases basis as per French GAAP Debt Facility ANZ Australia and New Zealand APAC Asia-Pacific ASIC Australian Securities and Investments Commission ASX Australian Securities Exchange Australasia Australia and New Zealand, the Malay Archipelago, the Philippines, Melanesia, Micronesia, and Polynesia Dividend Adjusted TERP Break Fee CAGR Should the works council consultation processes complete and the vendors do not exercise the put option, the vendors will, amongst other things, be required to pay Orora a break fee Compound Annual Growth Rate EBIT EBITDA Economic Interest EMEA Subscribing for or acquiring the legal or beneficial interest in New Shares Europe, the Middle East and Africa Entitlement Offer Accelerated non-renounceable pro rata entitlement offer of New Shares in Orora Calendar year (December year end) Depreciation and amortisation Orora's committed debt funding in relation for the Acquisition Based on a share price of A$3.43, representing the last close of Orora shares of A$3.52 as at Friday, 25 August 2023, adjusted for A$0.09 final dividend with a record date of 4th September 2023. TERP includes shares issued under the Placement, Institutional Entitlement Offer and the Retail Entitlement Offer Earnings before interest and tax Earnings before interest, tax, depreciation and amortisation 58 OR RA NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

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