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Investor Presentation

Successfully Integrating KapStone KapStone Run-Rate Synergy Progression KapStone Synergy Allocations ($ in millions) $90 $70 $200+ Mill Performance Improvements 29% 1H FY 19 FY19E FY21E Administrative Efficiencies Procurement 14% 26% Converting, Network & Supply Chain Optimization 31% Expected to realize more than $200 million in run-rate synergies by the end of FY21 34 4 WestRock
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