Positioned for Continued Growth

K2 MACHINE INVESTMENT IN KALAMAZOO AND CRB MILL OPTIMIZATION EXPECTED TO YIELD $100M BENEFIT TO EBITDA ANNUAL FIXED COSTS ~$70M Cost Savings ~$30M VARIABLE COSTS Cost Savings ~$160M WP EA MT BC Kalamazoo 2019 Est. ~$90M EA ~$290/ton Freight / Other Chemicals Energy Coatings Fiber Kalamazoo ~$260/ton 2022 Est. Run Rate 2019 Est. 2022 Est. Run Rate Graphic Packaging INTERNATIONAL ©2021 Graphic Packaging International 17

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