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Investor Presentaiton

19 Targeting synergies in excess of $400 million and further efficiencies Identified Synergies SG&A -20% Integration -60% $400m+ Procurement ~20% + Further Potential Synergies Commercial synergies Cross-selling opportunities Best practice and transfer of knowledge Greater efficiency on capital spend Improved asset footprint coverage Portfolio optimisation Extensive innovation network Enhanced sustainability scope & initiatives Targeting annual pre-tax run-rate synergies in excess of $400 million 1; one-off cash costs to deliver synergies of approximately $235 million¹ Smurfit Kappa 1 Based on management estimates. WestRock

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