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Investor Presentation

Adjusted Segment Sales, Adjusted Segment EBITDA and Adjusted Segment Income Full Year FY17 ($ in millions, except percentages) Segment / Net Sales Less: Recycling Sales Corrugated Packaging Consumer Packaging Land and Development Corporate / Eliminations Consolidated $ 9,084.8 $ 5,698.3 $ 243.8 $ (167.2) $ (546.2) 11.3 14,859.7 (534.9) 8,538.6 5,698.3 243.8 (155.9) 14,324.8 Less: Trade Sales (318.2) (318.2) Adjusted Segment Sales $ 8,220.4 $ 5,698.3 $ 243.8 $ (155.9) $ 14,006.6 Segment Income Non-allocated Expenses Depreciation and Amortization Segment EBITDA Adjustments Adjusted Segment EBITDA $ 818.0 $ 385.7 $ 13.8 $ $ 1,217.5 (67.5) (67.5) 622.1 484.9 0.7 4.4 1,112.1 1,440.1 870.6 14.5 (63.1) 2,262.1 12.7 30.7 (14.5) 8.1 37.0 $ 1,452.8 $ 901.3 $ $ (55.0) $ 2,299.1 Segment EBITDA Margins Adjusted Segment EBITDA Margins 15.9% 17.7% 15.3% 15.8% 15.2% 16.0% Segment Income $ 818.0 $ 385.7 $ 13.8 $ $ 1,217.5 Non-allocated Expenses (67.5) (67.5) Adjustments, including D&A Adjustments 13.4 31.3 (13.8) 8.1 39.0 Adjusted Segment Income $ 831.4 $ 417.0 $ $ (59.4) $ 1,189.0 43 WestRock
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