Group Presentation

2 : SMURFIT KAPPA

► Employees (FTE) 41,800

► Presence

Europe 21

The Americas 11

► Operating Facilities 352

► Containerboard (million tonnes) 5.2

► Corrugated Packaging (million tonnes) 5.2

Full Year 2014

► Net Sales (€ billion) 8.1

At a glance

3 : SMURFIT KAPPA

Group Profile

Packaging - Europe

Sales Volumes (million tonnes)

Kraftliner 1.6

Recycled Containerboard 2.6

Other Paper and Board 1.1

Corrugated 4.3

Solid Board Packaging 0.3

Packaging – The Americas

Sales Volumes (million tonnes)

Containerboard 1.0

Other Paper and Board 0.3

Corrugated 1.0

4 : SMURFIT KAPPA

Europe - Operations

Virgin Mills 5

Recycled Containerboard Mills 13

Other Recycled Paper and Board Mills 8

Corrugated 157

Cartons and Solid Board Packaging 9

Recovered Fibre 15

Other 49

As of March 2015

5 : SMURFIT KAPPA

The Americas - Operations

Virgin Mills 2

Recycled Paper and Board Mills 10

Corrugated 38

Cartons 3

Paper Sacks 5

Recovered Fibre 33

Other 5

As of March 2015

6 : SMURFIT KAPPA

Smurfit Kappa Organisation

Benelux

France

Italy

Spain/Portugal

United Kingdom

Ireland Germany

Central Europe: Austria, Czech

Republic, Slovakia, Switzerland

Nordic West: Denmark & Baltics

North East Europe: Sweden, Finland, Norway, Poland

& Russia

Argentina/Chile

Mexico Venezuela/Puerto Rico

Smurfit Kappa Orange County

Virgin Containerboard

Recovered Paper

Recycled Containerboard

Sack Kraft

Solid Board

Austria France

Sweden

SOUTH EUR France

Italy Spain

United Kingdom Netherlands

Germany

RPE Germany

Czech Republic Netherlands

European Packaging - Paper

European Packaging - Converting The Americas

Colombia/Costa Rica/ Dominican Republic/

Ecuador

7 : SMURFIT KAPPA

Market leader in Europe

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

20.0

SKG DS Smith Mondi Saica Hamburger

European Containerboard Market 2013 Production (est.)

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

20.0

SKG DS Smith Saica Mondi

European Converting Market 2013 Production (est.)

17.4%

8.3% 8.3%

18.4%

5.8%

13.6%

5.7%

2.9%

7.6%

8 : SMURFIT KAPPA

► Leading market positions in a growth business

► Efficient integrated model in Europe & The Americas

Enhanced packaging footprint

Significant investments in “champion mills”

Closure of less efficient capacity

► Focus on service

We live in our customers’ world

Working in strong partnership with retailers

► Focus on value

Operating performance drivers

Source: Smurfit Kappa

9 : SMURFIT KAPPA

► Grades produced:

Brown Kraftliner

Brown Recycled Containerboard

White Top Kraftliner

White Top Testliner

High Performance Fluting

MG Paper

Sack Kraft

▶ No.1 producer on the European market in Containerboard

▶ The Division operates as one group on the European market with a central paper sales organisation in Paris and a network of regional sales offices

▶ The Division has its own paper recovery operations in several countries, in order to guarantee the supply of recovered fibre

European Packaging - Paper

10 : SMURFIT KAPPA

► First-class packaging

► State-of-the-art expertise & capabilities

Corrugated cases – No.1 in the European market

Conventional and value added printing (HQPP, pre-print)

Litho-laminated cases

Display stands

Heavy duty, XXL and industrial packaging

Fanfold and single face

Tubes and composites; folding cartons

Shelf ready packaging & design

Machine systems

Fulfillment services

European Packaging - Converting

11 : SMURFIT KAPPA

European Packaging - Converting

► Solid board & solid board packaging

No.1 in the European market

Advanced machine systems for Fruit & Vegetable, Meat and Beverages packaging

► Carton board and folding cartons

No.3 on the European market

Advanced packaging systems, high quality consumer retail packaging

► Graphic board

No.1 on the European market

► Bag-in-Box™

No.1 worldwide in taps

Bags for a wide range of applications

One stop shop: integrated machine and box solutions

Bag-in-Box presence in Canada and Argentina

12 : SMURFIT KAPPA

Unrivalled market offering

► The packaging of choice

Marketing medium & Merchandising aid

Recyclable & Renewable

Sustainable

► Smurfit Kappa’s “One-stop-shop”

A response to every customer need

Extensive retailers’ knowledge

Unique innovation & design capabilities

► Added-value recognised by our

customers

Innovation | “Sharkline” perforation

Innovation | “Hybrid” package

13 : SMURFIT KAPPA

Customer Driven Company

Majority of business in resilient sectors ► Diversified & resilient customer base

Top 5 customers < 10% total volume

► 20% growth in Pan-European business since 2006

19 countries involved

>100 Smurfit Kappa plants

Approximately 80% in contracts > 1 year

► Sustainability as a key differentiator

91% of packaging units Chain of Custody certified by 2015

Smurfit Kappa will be first to guarantee all packaging solutions are coming from sustainable sources

14 : SMURFIT KAPPA

The Americas

► Unique Pan Regional presence

Operations in 11 countries

Expansion to United States through acquisition of Orange County Container Group in 2012

► Strong industry fundamentals

High growth markets

Strong historical financial performance

Best in class quality and service

► Leading market positions in Latin American segment

No.1 corrugated containers

No.3 containerboard

No.3 in sack business

► Experienced local management with a proven ability to manage markets

15 : SMURFIT KAPPA

Smurfit Kappa’s vision is to be recognised as the most successful paper-based packaging company in its chosen market sectors.

To achieve this we will:

► act for the general good of the countries and communities in which we are privileged to operate

► provide the safest possible natural environment, a sense of identity and a rewarding career opportunity for our employees

► generate the highest level of satisfaction to customers

► optimise returns to shareholders

Our Vision

16 : SMURFIT KAPPA

To be a customer-oriented, market-led company where the satisfaction of customers, the personal development of employees and respect for local communities and the environment are seen as being inseparable from the aim of creating value for the shareholders.

Our Mission

17 : SMURFIT KAPPA

Our Business Principles

Entrepreneurship We cherish entrepreneurial spirit and a decentralised management style with staff functions challenging and supporting the operations, with speed, innovation and contrarian thinking.

People Our goal is to recruit, develop, motivate, keep safe and retain our employees.

Environment Our objective is to protect the environment and progressively improve our performance on emissions to air, and discharges to water and soil.

Customers We are a market-led, service business. We provide innovative packaging solutions to help our customers differentiate in their own markets, and ultimately sell more.

Shareholder returns Our aim is to maximise shareholder returns at every point in the cycle.

Meet stakeholder commitments We are determined to meet our commitments and will put in place the necessary resources to support their achievement.

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