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Investor Presentation

Adjusted Segment Sales, Adjusted Segment EBITDA and Adjusted Segment Income Full Year FY18 ($ in millions, except percentages) Segment / Net Sales Less: Recycling Sales Corrugated Packaging Consumer Packaging Land and Development Corporate / Eliminations Consolidated $ 9,693.0 $ 6,617.5 $ 142.4 $ (461.6) 9,231.4 6,617.5 142.4 (167.8) 23.9 (143.9) $ 16,285.1 (437.7) 15,847.4 Less: Trade Sales (385.8) (385.8) Adjusted Segment Sales $ 8,845.6 $ 6,617.5 $ 142.4 $ (143.9) $ 15,461.6 Segment Income Non-allocated Expenses Depreciation and Amortization Segment EBITDA Adjustments Adjusted Segment EBITDA $ 1,240.0 $ 445.1 $ 22.5 $ $ 1,707.6 (70.1) (70.1) 700.5 546.5 0.7 4.5 1,252.2 1,940.5 991.6 23.2 (65.6) 2,889.7 16.6 (14.5) (23.2) 3.6 (17.5) $ 1,957.1 $ 977.1 $ $ (62.0) $ 2,872.2 Segment EBITDA Margins Adjusted Segment EBITDA Margins 20.0% 22.1% 15.0% 14.8% 17.7% 18.1% Segment Income $ 1,240.0 $ 445.1 $ 22.5 $ $ 1,707.6 Non-allocated Expenses (70.1) (70.1) Adjustments, including D&A Adjustments 43.9 (14.0) (22.5) 3.6 11.0 Adjusted Segment Income $ 1,283.9 $ 431.1 $ $ (66.5) $ 1,648.5 42 WestRock
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