Investor Presentaiton

11 Q1 FY22 WESTROCK RESULTS FIRST QUARTER Q1 YEAR-OVER-YEAR HIGHLIGHTS $ IN MILLIONS, EXCEPT PER SHARE ITEMS FY22 FY21 ☐ Net Sales $4,952 $4,402 Net sales up 12.5% in the quarter ☐ Consolidated Adjusted EBITDA(1) $680 $670 % Margin (1) Capital Expenditures Adjusted Free Cash Flow(1) 13.7% 15.2% $173 $171 $84 $562 ☐ Adjusted Earnings Per Diluted Share(1) $0.65 $0.61 CONSOLIDATED ADJUSTED EBITDA ($ IN MILLIONS) (1) +$10 600 $670 $680 (33) (520) (37) Q1 FY21 Volume Price / Mix Inflation Productivity / Operations Q1 FY22 ☐ ◉ Pricing realization exceeded cost inflation Higher inflation led by recycled fiber, energy, virgin fiber and freight costs Repurchased $100 million in stock in Q1 FY22 Leverage remains within targeted levels Largest scheduled maintenance quarter in company's history; partially drove year-over-year margin compression Free Cash Flow primarily impacted by reversal of one-time COVID related benefits 1) Non-GAAP Financial Measure. See Non-GAAP Financial Measures and Reconciliations in the Appendix. WestRock

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