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Investor Presentaiton

15 Q1 FY22 DISTRIBUTION RESULTS FIRST QUARTER $ IN MILLIONS, EXCEPT PER SHARE ITEMS FY22 FY21 Segment Sales $325 $304 Adjusted EBITDA (1) $7 $16 % Margin (1) 2.0% 5.4% ADJUSTED EBITDA ($ IN MILLIONS)(1) -$9 26 $16 (9) Q1 FY21 (1) Volume (25) Price / Mix Inflation Productivity / Operations 1) Non-GAAP Financial Measure. See Non-GAAP Financial Measures and Reconciliations in the Appendix. Q1 FY22 Q1 YEAR-OVER-YEAR HIGHLIGHTS Segment sales up 6% in the quarter ■ Demand remains strong, outpacing supply ■ Profitability impacted by our suppliers' continued headwinds and one-time non-recurring cost issues Multiple initiatives underway focused on productivity and commercial excellence WestRock
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