Investor Presentaiton

NEW CRB MILL IN WACO, TEXAS Graphic Packaging HOLDING COMPANY Austin LOCATION BENEFITS • Dallas Waco Houston San Antonio • 80% of Texas population within 200 miles • • • • • One of the fastest growing economic centers in the U.S. Strong, existing secondary fiber basket Advantaged rail and roadway logistics Established water, wastewater and energy infrastructure with long-term viability Robust talent pipeline for both hourly and salary personnel Strong community and city management support TIMING Leveraging internal and external partner learnings from K2 machine construction and start up Construction commenced Q1 2023 Machine commissioning Q4 2025 Start up expected Q1 2026

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