Investor Presentaiton

Georgia-Pacific Pine Chemicals Acquisition Significant increase to sales, Segment EBITDA(1), and margins(1) Currently in regulatory review ■ 2017 sales (2) of $108M and EBITDA (2) of $31M ■ Complementary products, technology, global resources ■ High confidence in ability to deliver operational synergies Logistics Activity Smaller, optimized rail fleet ■ Fewer transportation miles 。 CTO - Plants O Plants Customers - Warehouse/storage tank optimization Savings $6M Manufacturing Optimize customer and product mix across 3-plant network $5M Improve yields and maximize operating rate Leverage procurement Total Target $11M 31 Expect full run rate synergies in Year 3 (1) Please see appendices included at the end of this presentation for Ingevity's use of non-GAAP financial measures, definitions of those financial measures as well as the reconciliation to the nearest GAAP financial measure. (2) 2017 sales and earnings before interest, taxes, depreciation and amortization (EBITDA) of Georgia-Pacific's pine chemicals business have been derived from unaudited financial records prepared by Georgia-Pacific, without adjustment to conform to the accounting policies and methodologies used by Ingevity. Refer to the disclaimer on Slide #2 of this presentation for further information regarding these financial measures. Ingevity

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