Investor Presentation

Strategic Capital Projects Decrease in capital spending will help in debt paydown to reach target leverage of 2.25x-2.50x $1 billion of strategic investment expected to generate $240 million in annualized EBITDA ($ in millions) Anticipated Strategic Project Completion Timing: Maintenance ■Return Generating Strategic • Mahrt • Covington • Porto Feliz 33 $1,400 $1,200 or less $1,000 $15 ($ in millions) • Florence • Tres Barras $240 $80 $150 FY19 FY20 FY21 FY19 FY20 FY21 FY22 WestRock

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