Investor Presentaiton

Q1 FY22 GLOBAL PAPER RESULTS FIRST QUARTER Q1 YEAR-OVER-YEAR HIGHLIGHTS $ IN MILLIONS, EXCEPT PER SHARE ITEMS FY22 FY21 ☐ Segment sales up 24.0% in the quarter Segment Sales $1,353 $1,091 Adjusted EBITDA (1) $232 $152 ☐ % Margin (1) 17.2% 13.9% ☐ ADJUSTED EBITDA ($ IN MILLIONS)(1) Pricing realization exceeded cost inflation Strong performance in key strategic markets including kraft paper and other specialty grades Market demand growing Flexibility enables us to navigate supply/demand dynamics +$80 246 15 $232 $152 6 (187) Q1 FY21 Volume Price / Mix Inflation Productivity / Operations Q1 FY22 14 1) Non-GAAP Financial Measure. See Non-GAAP Financial Measures and Reconciliations in the Appendix. WestRock

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