Q3 2022 Highlights *Net Sales were $2,451 million versus $1,782 million in the prior year quarter. *Net Organic Sales increased 5% in the quarter and 4% year-to-date driven by global demand for sustainable, innovative fiber-based consumer packaging solutions. *Net Income was $193 million versus $73 million in the prior year quarter. *Global liquidity was $1.4 billion at quarter end. *Repurchased $15 million of common stock during the quarter; returned $38 million in total to stockholders in share repurchases and dividends. *In October, published 2021 environmental, social and governance (ESG) report reaffirming organization-wide focus on continuous improvement and highlighting the milestones achieved during the year advancing the Company's Vision 2025 ESG goals.

BillerudKorsnäs, one of the leading global packaging companies, has partnered with Oatly, the world’s original and largest oat drink company, to develop innovative packaging solutions for Oatly’s Singapore produced products. Oatly recently opened its first production facility in Asia to supply the nearby markets as part of the company’s global expansion. Products produced in the factory will be packed in boxes and transported on pallets during demanding climate conditions offering hot and humid weather which generates challenging logistics chains. The conventional packaging solution to manage high humidity is adding additional material for sturdier packaging. But the team at BillerudKorsnäs BoxLab found a different solution to ensure enhanced sustainability performance while maintaining the high quality standards of Oatly’s secondary packaging. This innovative solution is based on the following principles: *Minimizing damage and waste throughout the logistics chain *Focus on resource efficiency – using as little material as possible and minimize water usage *Use packaging material that is recyclable and comes from renewable sources *Transparency throughout the value chain securing renewable energy sources

The US shopping phenomenon is now part of the British retail calendar with millions of packages delivered over the promotional period. Now, retail and waste management has to accommodate the pre-Christmas spending spree. The rise of e-commerce shopping, and the appeal of sale-price products during the holiday shopping weekend, sees a lot of products being shipped from stores to buyers’ homes. This, in turn, leads to large quantities of packaging that need to be recovered from domestic recycling collections in a way that allows said packaging to become high-quality material for recycling.