Positioned for Continued Growth

BALANCED APPROACH TO CAPITAL ALLOCATION FROM 2015 TO 2020, $4.4B IN ADJ (1) OPERATING CASH FLOW CAPITAL INVESTMENTS (2) & PRODUCTIVITY(3) Invested $1.9B in capital ~6% of sales driving $412M in productivity $295 $260 $244 Cap Ex ■Productivity $395 $397 $330 LLLLLL $74 $73 $57 TARGETED ACQUISITIONS Acquired 15 businesses (6) for ~$1B at compelling post synergy valuations Multiples (Pre/Post) ADJ EBITDA ($M) $77 $74 $57 ~8.5X ~5.6X -$190 2015 2016 2017 2018 2019 2020 (2) '19 and '20 core capital expenditures exclude $23M and $249M, respectively, for transformational CRB consolidation project (3) 18 productivity includes $35m in synergies; '19 and '20 excludes $36M of incentives & pension and $15M economic & maintenance downtime respectively STOCKHOLDER RETURN Returned significant value to stockholders $558M*/ $854M Dividends $854M/~20% Share repurchases (1) Operating cash flow in 2018-2020 adjusted to recognize net cash from receivables program (4) Includes distributions to GPIP partner (5) Share repurchases through Dec 31, 2020 Graphic Packaging INTERNATIONAL -$100 Combined with IP's Consumer Packaging business in 2018 adding $200M in ADJ EBITDA and ~$75Msynergies (6) Does not include proposed acquisition of Americraft Carton, Inc. announced 4-27-21 NET DEBT LEVERAGE RATIO Committed to long-term range 2.5x-3.0x range ~20% $1.4B 2.9% Reduction in share count Liquidity Current weighted avg. interest rate 3.5x Est. YE 2021 26 ©2021 Graphic Packaging International

View entire presentation