Investor Presentaiton

6 Robust financial position FY23 pro forma financial profile A$m Sales revenue Orora (Underlying, FY23) Saverglass (Adjusted, LTM June 2023)(¹) Combined Group (pro forma, pre run-rate synergies) 4,291 1,235(3) 5,526 Estimated run- rate synergies Combined Enhanced scale Group (pro forma, post 1 >$5.5bn pro forma revenue in FY23 run-rate synergies) 2 5,526 +69% uplift in Underlying EBITDA (post AASB- 16 (Leases), before run-rate synergies) 13.8% 3 Underlying EBITDA 443 (post AASB-16 (Leases)) 305(4) 749 2 15 4 764 Underlying EBITDA margin 10.3% 24.7% 13.5% Underlying EBIT(2) 321 (post AASB-16 (Leases)) 167(5) 487 Underlying EBIT margin 7.5% 13.5% 8.8% 45 Improved margin 3 +320bps Underlying EBITDA margin to 13.5% (before realisation of synergies) Incremental value 15 502 4 9.1% Underlying EBITDA (6) 378 280 658 (pre AASB-16 (Leases)) 15 673 Net debt Net debt/Underlying EBITDA 774 2.05x 1,649 2.50x 5 Estimated near-term run-rate synergies of A$15m Well-capitalised 5 Orora's pro forma leverage remains within its target range of 2.0-2.5x Enhanced growth outlook Saverglass accelerates Orora's growth outlook, with a quality growth prospects Notes: (1) Financials converted from EUR to AUD at EUR/AUD of 1.67. (2) Excludes the impact of purchase price adjustments, such as amortisation of intangible assets that may arise as a result of purchase price accounting to be finalised after Reflects an estimate for D&A costs, including D&A associated with ROU assets, which is subject to change. (6) For Orora, reflects Underlying EBITDA less cash lease repayments. For Saverglass, reflects Adjusted EBITDA for LTM Jun-23. 30 completion of the Acquisition. (3) Reflects Adjusted Revenue for LTM Jun-23. (4) Reflects Adjusted EBITDA for LTM Jun-23, with estimated lease costs of A$25m excluded. A full assessment of the impact of AASB-16 has not been undertaken. (5) OR RA NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

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