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Investor Presentaiton

Q3 FY16 Adjusted Segment Sales, Adjusted EBITDA and Adjusted EBITDA Margin Q3 FY16 ($ in millions, except percentages) Corrugated Packaging Consumer Packaging Land and Development Non-Allocated / Eliminations Consolidated Segment Net Sales Less: Trade Sales Adjusted Segment Sales $ 1,967.7 $ 1,635.8 $ 42.0 (49.0) 3,596.5 (70.6) (70.6) $ 1,897.1 $ 1,635.8 $ 42.0 $ (49.0) $ 3,525.9 Segment Income and Non-allocated Expenses $ 192.4 $ 151.7 $ 9.5 (15.3) $ 338.3 Depreciation and Amortization 144.1 124.2 0.3 2.0 270.6 Less: Deferred Financing Costs (1.0) (1.0) Segment EBITDA 336.5 275.9 9.8 (14.3) 607.9 Plus: Inventory Step-up 2.8 (0.8) 2.0 Adjusted Segment EBITDA and Non-allocated Expenses $ 339.3 $ 275.1 $ 9.8 $ (14.3) $ 609.9 Segment EBITDA Margins Adjusted Segment EBITDA Margins 31 17.1% 16.9% 17.9% 16.8% WestRock
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