Investor Presentation

Strong Cash Flow with High Value Options to Deploy Capital Focus on reducing leverage ratio Committed to returning to long-term leverage ratio of 2.25x-2.50x ས་ Reinvest into business via high-return capital projects Strategic projects include Florence, Tres Barras, Porto Feliz, Covington and Mahrt 71) By the end of FY21. ༧ས་ ས་ Reinvest into business via strategic M&A KapStone will provide over $200 million of synergy and performance improvement opportunities(1) Strong Cash Flow to be Deployed Return capital to stockholders via dividends and share repurchases Annual dividend of $1.82 per share WestRock

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