MeadWestvaco US Global Conference

UBS Global Paper & Forest Products ConferenceConferenceE. Mark RajkowskiSenior Vice President andSenior Vice President and Chief Financial Officer

September 13, 2012p ,

Forward-Looking StatementsCertain statements in this document and elsewhere by management of the company that are neither reported financial results nor other historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such information includes, without limitation, the business outlook, assessment of market conditions, anticipated financial and operating results, strategies, future plans, contingencies and contemplated transactions of the company Such forward looking statements are not guarantees of future performance and are subjecttransactions of the company. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to actual results of company operations, or the performance or achievements of each company, or industry results, to differ materially from those expressed or implied by the forward-looking statements. In addition to any such risks, uncertainties and other factors discussed elsewhere herein, risks, uncertainties, and other factors that could cause or contribute to actual results differing materially from those expressed or implied for the forward-looking statements include, but are not limited to, d e g ate a y o t ose e p essed o p ed o t e o a d oo g state e ts c ude, but a e ot ted to,events or circumstances which affect the ability of MeadWestvaco to realize improvements in operating earnings from the company's ongoing cost reduction initiatives; the ability of MeadWestvaco to close announced and pending transactions, including divestitures; competitive pricing for the company's products; impact from inflation on raw materials, energy and other costs; fluctuations in demand and changes in production capacities; relative growth or decline in the United States and international economies; government policies and regulations, including, but not limited to those affecting the environment, climate change, tax policies and the tobacco industry; the company's continuedability to reach agreement with its unionized employees on collective bargaining agreements; the company's ability to execute its plans to divest or otherwise realize the greater value associated with its land holdings; adverse results in current or future litigation; currency movements; volatility and further deterioration of the capital markets; and other risk factors discussed in the company's Annual Report on Form 10-K for the year ended December 31, 2011, and in otherfilings made from time to time with the SEC MeadWestvaco undertakes no obligation to publicly update any forwardfilings made from time to time with the SEC. MeadWestvaco undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Investors are advised, however, to consult any further disclosures made on related subjects in the company's reports filed with the SEC.

2UBS Global Paper & Forest Products Conference / September 13, 2012

Key Takeaways

We have transformed MWV into a high-f i k i

We have transformed MWV into a high-f i k i1 performing packaging companyperforming packaging company1

We have a clear strategy to generate meaningful profitable growthWe have a clear strategy to generate meaningful profitable growth2

3 We are focused on delivering top-quartile shareholder returnsWe are focused on delivering top-quartile shareholder returns3


MWV: A Global Packaging Leader

$5.3 billion* sales in 2011 Sales by Business Segment

10% growth in emerging markets

100+ti h k t

3%Community Development

14%Specialty Chemicals

nations where we market our products

15,000 employees worldwide

y p& Land Management

~700,000acres of forestland under sustainable management

$

83%Packaging

$1.00annual dividend

4

* Reflects completed spin/merge of Consumer & Office Products business

UBS Global Paper & Forest Products Conference / September 13, 2012

Packaging: Our Primary Growth Engine

End markets Customers

MWV’sMWV s powerful packaging platform

Food & Beverage

Tobacco

platformBeauty & Personal Care

Home & G d

• Focused end market participation

D t t hiGarden

Healthcare

Agricultural &

• Deep customer partnerships

• Insight-driven, technology-enabled innovation

• Global manufacturing and Agricultural & Industrial

G oba a u actu g a dexecution


Our Goal: $1 Billion of New Profitable Revenue Growth

~ 1-2% ~ 5% +

$1+ billionRevenue Growth

~ 2-3%

EmergingM k t

Expanded Participation

~ 1-2%

~ 1-2%

Innovation

Markets

Core MarketCore

Market

Commercial Excellence

Average annual growth over next 3-5 years


Our Strategy is Working and We’re Executing WellExecuting Well

Total sales up 4% in first half of the yearp y

Incremental profitable revenue growth of $100 million

Solid top- and bottom-line contribution from Polytop acquisition

$90 million in operational productivity improvement

Improved cost structure resulting in sustained higher levels of operating profit and strong cash flow


We’re Delivering on Identifiable Earnings and Cash Driversand Cash Drivers

Our significant business expansion in Brazil is on-track



Captivate™ Shopper-Ready Solutions



Shellpak® Renew Unit-DoseMedication PackagingMedication Packaging



We continue to see excellent profitable opportunities in our Specialty Chemicals businessin our Specialty Chemicals business



We’re creating value with well-located lands


Focus on Growing Shareholder Returns

MarginExpansion

MarginExpansionRevenue Growth

5%Revenue Growth

5% Expansion~ 50-100 bpsExpansion

~ 50-100 bps~ 5%+~ 5%+

Earnings Growth~ 7-10%+

Earnings Growth~ 7-10%+

Dividend Yield~ 3-5%

Dividend Yield~ 3-5%

Top Quartile TSRTop Quartile TSR



Investor Relations

MeadWestvaco US Global Conference