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Investor Presentaiton

Q1 FY16 Adjusted Segment Sales, Adjusted EBITDA and Adjusted EBITDA Margin Q1 FY16 ($ in millions, except percentages) Segment Net Sales Less: Trade Sales Adjusted Segment Sales Corrugated Packaging Consumer Packaging Land and Development Non-Allocated / Eliminations Consolidated $ 1,964.3 1,542.2 $ 15.4 $ (51.0) 3,470.9 (65.1) (65.1) $ 1,899.2 $ 1,542.2 $ 15.4 $ (51.0) $ 3,405.8 Segment Income and Non-allocated Expenses $ 180.1 $ 91.2 $ 0.7 $ (4.5) $ 267.5 Depreciation and Amortization 144.1 125.1 0.7 1.7 271.6 Less: Deferred Financing Costs (1.2) (1.2) Segment EBITDA 324.2 216.3 1.4 (4.0) 537.9 Plus: Inventory Step-up 0.6 2.2 2.8 Adjusted Segment EBITDA and Non-allocated Expenses $ 324.8 $ 218.5 $ 1.4 $ (4.0) $ 540.7 Segment EBITDA Margins Adjusted Segment EBITDA Margins 23 23 16.5% 14.0% 17.1% 14.2% WestRock
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