Investor Presentation

Corrugated Packaging Segment Overview Key Metrics & Operational Statistics FY18 Segment Sales $9.2 Billion FY18 Adj. Segment EBITDA Margin (1) 22.1% Financial Performance 19 Mills 150+ Converting Facilities 60+ Distribution Facilities 12.3M tons Mill Capacity ($ in billions) FY18 FY17 Segment Sales $9.2 $8.5 Adj. Segment Income (1) $1.3 $0.8 Adj. Segment EBITDA (1) $2.0 $1.5 Adj. Segment EBITDA Margin (1) 22.1% 17.7% North American Adj. Segment 21.8% 17.3% EBITDA Margin (1) 0 Key Differentiators Broad range of solutions to serve diverse end- markets Targeting emerging consumer trends E-commerce Shelf ready packaging Fast and fresh Brand revitalization Broad suite of automated packaging systems Well-positioned in attractive and growing packaging markets in Mexico and Brazil Broad Portfolio of Differentiated Products and Solutions Corrugated containers to protect, ship, store, and display products Foodservice containers Automated Packaging Systems "Box on Demand" systems BoxSizer™ Coated and uncoated white top linerboard Solid bleached linerboard Virgin and recycled linerboard Corrugated medium Kraft paper Pulp (fluff pulp, bleached and unbleached market pulp) 1) 18 See Non-GAAP Financial Measures and Reconciliations in the Appendix. Note: All financial performance values are aligned to include merchandising displays and exclude recycle sales consistent with fiscal 2019 presentation. WestRock FRIST CLAS

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