#1INVESTOR PRESENTATION NOVEMBER 2021 INTERFOR#2FORWARD-LOOKING INFORMATION & NON-GAAP MEASURES Forward-Looking Information: This release contains forward-looking information about Interfor Corporation's ("Interfor" or the "Company") business outlook, objectives, plans, strategic priorities and other information that is not historical fact. A statement contains forward-looking information when the Company uses what it knows and expects today, to make a statement about the future. Statements containing forward-looking information in this release, include but are not limited to, statements regarding production capacity, facility restart plans and ramp-up timelines, pro-forma capacity, expected earnings and returns, pro-forma debt ratios, liquidity, borrowing capacity, regulatory approvals and the expected closing date, and other relevant factors. Readers are cautioned that actual results may vary from the forward-looking information in this release, and undue reliance should not be placed on such forward-looking information. Risk factors that could cause actual results to differ materially from the forward-looking information in this release are described in Interfor's annual Management's Discussion & Analysis under the heading "Risks and Uncertainties", which is available on www.interfor.com and under Interfor's profile on www.sedar.com. Material factors and assumptions used to develop the forward-looking information in this report include volatility in the selling prices for lumber, logs and wood chips; the Company's ability to compete on a global basis; the availability and cost of log supply; natural or man-made disasters; currency exchange rates; changes in government regulations; the availability of the Company's allowable annual cut ("AAC"); claims by and treaty settlements with Indigenous peoples; the Company's ability to export its products; the softwood lumber trade dispute between Canada and the U.S.; stumpage fees payable to the Province of British Columbia ("B.C."); environmental impacts of the Company's operations; labour disruptions; information systems security; and the existence of a public health crises (such as the current COVID-19 pandemic). Unless otherwise indicated, the forward-looking statements in this release are based on the Company's expectations at the date of this release. Interfor undertakes no obligation to update such forward-looking information or statements, except as required by law. Non-GAAP Measures: This presentation makes reference to certain non-GAAP measures, such as EBITDA, Adjusted EBITDA and Net debt to invested capital, which are used by the Company and certain investors to evaluate operating performance and financial position. These non- GAAP measures do not have any standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other issuers. Definitions and reconciliations of terms can be found in Interfor's annual and quarterly Management's Discussion & Analysis which are available on www.interfor.com and under Interfor's profile on www.sedar.com. Currency: All financial references in this presentation are expressed in Canadian dollars, unless otherwise noted. INTERFOR 2#3I INTERFOR INVESTMENT HIGHLIGHTS Pure-play North American lumber producer • Fourth largest lumber producer in North America, with 21 strategically located sawmills High exposure to US South region with attractive log costs INTERFOR INTERFOR Compelling lumber market fundamentals • Robust demand across all end-use segments, including housing and repair & remodel Measured supply growth near-term in the US South; declining supply long-term in BC Growth-focused strategy • • Long-standing strategy of growth and geographic lumber diversification 10 year lumber production volume CAGR of 9% Top tier lumber margins and returns on capital Industry leading EBITDA margins and return on capital employed • Well capitalized, low-cost portfolio of sawmills Balanced capital allocation with significant financial flexibility • • Disciplined approach across growth capex, M&A, share-buybacks and special dividend Significant net cash position and >$800 MM of liquidity as of September 30, 2021 Positive ESG and carbon story • Sustainable forest management practices Producer of climate-friendly building products 3#4FINANCIAL & OPERATING SNAPSHOT BENCHMARK LUMBER PRICES (US$/MBF) PRODUCTION VOLUMES (MMBF) $1,450 $1,250 $1,050 $850 $650 $450 $250 $650 $600 $550 $500 $450 $400 $350 $300 $250 $200 $150 $100 $50 $0 WSPF Composite (US$/Mbf) -SYP Composite (US$/Mbf) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2016 2017 2018 2019 2020 ADJUSTED EBITDA ($MM) 2021 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2016 INTERFOR 2017 2018 2019 2020 2021 750 700 650 600 550 500 450 400 $1,400 $1,200 $1,000 $800 $600 $400 $200 $0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2016 2020 2017 2018 2019 2021 LEVERAGE & LIQUIDITY (% & $MM) (1) Available Liquidity ($MM) 50% 40% - Net Debt / Invested Capital Ratio (%) 30% - 20% 10% -0% -10% -20% -30% -40% -50% -60% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2016 2020 2021 2017 2018 2019 (1) Liquidity reflects cash on hand plus amount of undrawn credit facility#5PURE-PLAY NORTH AMERICAN LUMBER PRODUCER#6PURE-PLAY LUMBER PRODUCER Interfor is the only publicly traded pure-play lumber producer of scale REVENUES BY BUSINESS SEGMENT (1) INTERFORI PEER #1 PEER #2 1 PEER #3 PEER #4 PEER #5 INTERFOR LUMBER PULP / PAPER ENGINEERED WOOD / PANELS TIMBERLANDS OTHER 6 (1) Based on public filings for 2020; peers include West Fraser, Canfor, Resolute, Potlatch Deltic and Weyerhaeuser.#77.0 6.0 5.0 4.0 3.0 2.0 1.0 West Fraser INDUSTRY LANDSCAPE Interfor is the fourth largest lumber producer in North America NORTH AMERICAN LUMBER PRODUCTION BY COMPANY - 2020 (BBF) Weyerhaeuser Canfor INTERFOR Sierra Pacific Resolute Georgia-Pacific Hampton Tolko PotlatchDeltic INTERFOR Source: International Wood Markets/FEA Canada Wood Markets Monthly March 2021; Interfor proforma for 2021 WestRock and Georgia-Pacific acquisitions. Idaho Forest JD Irving 7#8INTERFOR OPERATING REGIONS 57% of Interfor's production capacity is in the US South BC INTERIOR 750 MMBF (19%) • • 3 dimension mills Douglas-Fir, Hem-Fir, SPF, Cedar Efficient, modern, low-cost, well- capitalized BC COAST 140 MMBF (4%) • 1 specialty/high-value mill • • Hem-Fir, Douglas-Fir Woodlands logging business US NORTHWEST 770 MMBF (20%) • • 3 stud mills; 1 dimension mill Hem-Fir, Douglas-Fir Efficient, modern, low-cost, well- capitalized US SOUTH 2,215 MMBF (57%) • 13 dimension mills Southern Yellow Pine Strong geographic fit with ongoing capex investment upside INTERFOR مسے 8#9REGIONAL LOG COST TRENDS The US South has the most attractive and stable log costs in North America BC INTERIOR (INDEXED VS. 2013) US NORTHWEST US SOUTH (INDEXED VS. 2013) (INDEXED VS. 2013) 190% 190% 190% 180% 180% 180% 170% 170% 170% 160% 160% 160% 150% 150% 150% 140% 140% 140% 130% 130% 130% 120% 120% 120% 110% 110% 110% 100% 100% 100% 90% 90% 90% 80% 80% 80% 70% 70% 70% 60% 60% 60% 50% 50% 50% 40% 40% 40% 30% 30% 30% 20% 20% 10% 0% -10% -20% -10% -20% 10% 0% m вирти 20% 10% 0% -10% -20% 2013 2014 2015 2016 2017 2018 2019 2020 2021 2013 2014 2015 2016 2017 2018 2019 2020 2021 2013 2014 2015 2016 2017 2018 2019 2020 2021 INTERFOR BC Interior: Avg. Monthly BC Interior Sawlog Purchase Price - BC Ministry of Forests Timber Pricing Branch; US NW: Avg. Monthly Washington State (Coast Region) Hem-Fir #2 Sawlog Delivered Price - Washington State Department of Natural Resources; US South: Avg. Monthly US South Pine Sawtimber Delivered Price - Forest2Market 9#10KEY PRODUCTS & MARKETS Diverse lumber species and end-use mix; high leverage to key US market LUMBER SALES BY SPECIES (1) Hem-Fir 9% Spruce-Pine-Fir 10% LUMBER SALES BY MARKET (1) Doug Fir/ Larch 31% INTERFOR Cedar 3% Southern Yellow Pine 47% USA 89% O Japan 2% Other China/Tw/HK 2% 1% Canada 6% (1) By Value for YTD Q3-2021 10#11INTERN 12 12 ין 17 по 51042 COMPELLING LUMBER MARKET FUNDAMENTALS#12LUMBER PRICES Prices reset following recent robust demand pull-through, as expected; now finding support at historically attractive levels NORTH AMERICAN BENCHMARK LUMBER PRICES (US$/MBF) $1,800 $1,600 $1,400 $1,200 $1,000 $800 $600 $400 $200 Mar-17 May-17 Jan-17 INTERFOR Jul-17 Sep-17 Nov-17 Jan-18 Mar-18 May-18 Jul-18 Sep-18 Nov-18 SYP Composite -Hem-Fir Stud #2 2x4 -WSPF Composite Feb-19 Apr-19 Jun-19 Aug-19 Oct-19 Dec-19 Feb-20 Apr-20 Jun-20 Source: Random Lengths (includes prices up to October 29, 2021) Aug-20 Oct-20 Dec-20 Feb-21 Apr-21 Jul-21 Sep-21 12#13LUMBER DEMAND Relatively stable R&R & industrial demand, with upside leverage to housing NORTH AMERICAN LUMBER DEMAND BY END-USE (BBF) Domestic Residential Repair & Remodel (R&R) ■Domestic Industrial/Commercial Domestic Residential New Home Construction Offshore Exports 80 70 60 50 40 30 20 10 10 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 INTERFOR Source: Forest Economic Advisors (FEA) 13#14LUMBER DEMAND: KEY DRIVERS 1.7 1.6 1.5 1.4 1.3 1.2 1.1 1.0 0.9 0.8 0.7 0.6 0.5 0.4 0.3 0.2 0.1 Single-family US housing starts in 2021 are the highest since 2006 US HOUSING STARTS (MILLIONS SEASONALLY ADJUSTED) ■Single-Family ■Multi-Family 43 AGE OF US HOUSING STOCK (MEDIAN AGE IN YEARS) བྷ ཎྜ ཙྪི ཎྜ ཎྜེ ཎྜ ཏྟཾ ། རྩ ཤྲཱ ཎྜ རྨཱ དྷ ཙྩེ 』 ཇ ཎྜ ༔ 2016 2017 2018 INTERFOR 2019 2020 2021 37 35 2332 2 2 29 27 25 1993 1995 1997 1999 2001 Source: US Census Bureau & Forest Economic Advisors (FEA) 14 2003 2005 2007 2009 2011 2013 2015 2017 2019#15LUMBER SUPPLY Measured supply growth in the US South, offset by ongoing declines in BC NORTH AMERICAN LUMBER PRODUCTION (BBF) (1) Region 2018 2019 2020 2021 South West Other USA 34.9 18.8 19.4 20.8 20.9 14.4 14.3 14.3 14.7 1.6 1.5 1.6 1.6 35.2 36.7 37.3 Rest of Canada 14.9 14.3 14.1 14.6 BC 12.4 Canada 9.7 8.9 9.7 27.3 24.0 23.1 24.4 North America 62.2 59.2 59.7 61.7 Offshore Imports 1.5 1.5 2.1 2.4 INTERFOR Source: Western Wood Products Association (1) Reflects the last twelve months ended July 31, 2021 US SOUTH Measured growth (three year CAGR of 4%), limited by labour availability and long equipment lead times US WEST & CANADA (NON-BC) Relatively stable; good balance between available timber supply and manufacturing capacity BRITISH COLUMBIA (BC) Structural declines and permanent capacity reductions due to impacts of Mountain Pine Beetle forest infestation (~21% decline in production since 2018) 15#16LUMBER SUPPLY: BC INTERIOR Declining log supply across BC, but Interfor well-positioned in southern BC Mountain Pine Beetle Cumulative Percentage of Merchantable Forest Volume Killed Since 1999 Very High (>45%) High (31-45%) Moderate (16-30%) Low (<16%) None (0%) INTERFOR Smithers Fort Nelson Prince George ALBERTA Canada Quesnel BRITISH COLUMBIA Canada Vancouver Kamloops Adams Lake ⚫ Calgary Kelowna Castlegar Grand Forks Source: BC Ministry of Forests 16#17SOFTWOOD LUMBER DISPUTE Minimal exposure to duties with 77% of lumber capacity based in the US U.S. COUNTERVAILING & ANTI-DUMPING CASH DEPOSIT RATES COMPANY 2017-20 (1) 2020-21 (2) 2021-22 (3) West Fraser 23.56% 8.97% 11.38% Canfor 20.52% 4.62% 21.04% Tolko 22.07% 8.99% 18.32% Resolute 17.90% 20.25% 30.22% JD Irving 9.38% 4.23% 15.82% All Others (Includes Interfor) 20.23% 8.99% 18.32% INTERFOR INTERFOR SOFTWOOD LUMBER DUTIES HIGHLIGHTS US$163 MM Duties on Deposit Cumulative duties of US$163 MM have been paid by Interfor since the inception of the current trade dispute and are held in trust by the US Government; most of which are off-balance sheet <15% Shipments Exposed to Duties Interfor's shipments into the US from Canada represent <15% of Interfor's total company-wide sales volumes (1) Reflects final cash deposit rates announced by the US Department of Commerce on December 28, 2017. (2) Reflects final AR1 cash deposit rates announced by the US Department of Commerce on November 24, 2020. (3) Reflects preliminary rates announced by the US Department of Commerce on May 21, 2021 - subject to change. 17#18GROWTH-FOCUSED STRATEGY#19INTERFOR GROWTH STRATEGY Long-standing strategy of growth and geographic lumber diversification INTERFOR 2001 83% 2012 17% 39% 42% 57% 19% 0.8 BBF 1.7 BBF ■ BC Interior ■ BC Coast ■ US Northwest ■ US Southeast 2021 3.9 BBF 19% 4% 20% Note: Charts reflect production capacity. 19#20INTERFOR GROWTH STRATEGY Interfor's strategy has been consistent over time and across regions Acquisitions have focused on assets with future potential Efforts post-acquisition are then focused on operational integration and the establishment of best practices, followed by capital investments US NORTHWEST BC INTERIOR US SOUTH Timely Acquisitions: Restructuring & Operating Best- Practices: Strategic Capital • Investments: 2004 - 2020 Crown Pacific (2004), Floragon (2005), Portac (2008), Simpson (2015), Georgia-Pacific (2021) Marysville, Beaver, Tacoma Gilchrist closed Gilchrist transformed to specialty before being sold in 2020 Molalla (2006 & 2020); Port Angeles (2007) 2007 - 2022 Pope & Talbot (2007) Tenure (2010, 2013, 2020) Castlegar and Grand Forks workforce restructured Adams Lake (2009 & 2021), Grand Forks (2012), Castlegar (2015 & 2022) 2013-2024 Rayonier (2013), Keadle (2014), Tolleson (2014), Simpson & Price (2015), WestRock (2021), Georgia-Pacific (2021) Established infrastructure Established Interfor standards Small capital projects Various phases of strategic capex completed, in-progress or being planned (2018-2024) INTERFOR 20#21MULTI-YEAR STRATEGIC CAPEX PLAN Multi-year strategic capex plan underway, primarily focused in the US South 2018 Q3 Q4 Q1 2019 2020 2021 2022 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2023 2024 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q2 Q3 JASON D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J JASON D J F M A M J J A S O N D J F M A M J JASOND Project #1 Project #2 Project #3 COMPLETE Project #4 Project #5 Project #6 Project #7 Project #8 Project #9 Project #10 IN PROGRESS / Project #11 PLANNED Project #12 Project #13 Project #14 Project #15 INTERFOR US SOUTH US NORTHWEST BC INTERIOR 21 24#22MULTI-YEAR STRATEGIC CAPEX PLAN Mill rebuilds, machine center upgrades, debottlenecking & optimization projects Eatonton, Georgia Monticello, Arkansas USHA Molalla, Oregon Adams Lake, British Columbia INTERFOR 22 22#23CAPITAL SPENDING PROFILE Strategic investments resulting in a well-capitalized, low-cost sawmill portfolio $250 HISTORICAL CAPITAL EXPENDITURES & OUTLOOK ($MM) Capital Expenditures - Discretionary Capital Expenditures - Maintenance (Includes Woodlands Roads) Depreciation, Depletion & Amortization $225 $200 $175 $150 $125 $100 $75 $50 $25 $0 2008 2009 2010 2011 INTERFOR 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021E 2022E 23#24TOP TIER LUMBER MARGINS & RETURNS#25TOP TIER LUMBER MARGINS $1,075 $975 Top tier margin performance across all market conditions LUMBER SEGMENT ADJ. EBITDA MARGINS ($/MBF) (1) $875 $775 $675 $575 $475 $375 $275 $175 $75 $(25) $(125) Q1 Q2 Q3 2019 INTERFOR INTERFOR PEER GROUP HIGH/LOW RANGE 40 Q4 Q1 Q2 Q3 Q4 Q1 10 Q2 Q3 2020 2021 (1) Based on public filings; reflects lumber segment results only; reported figures adjusted to reflect duties paid and FX for US$ companies. Peers include West Fraser, Canfor North America, Resolute, Rayonier Advanced Materials/, Potlatch Deltic and Weyerhaeuser. 25 25#26TOP TIER RETURN ON CAPITAL 80% 70% Strategic capex plan and other capital deployment are having an impact EBIT RETURN ON CAPITAL EMPLOYED (%) 60% 50% 40% 30% 20% 10% 0% Peer #1 INTERFOR = 74% = 69% Peer #2 = = 55% -10% 2016 2017 2018 2019 2020 2021 YTD INTERFOR (1) Based on public filings; peers include West Fraser and Canfor 26 26#27BALANCED CAPITAL ALLOCATION WITH SIGNIFICANT FINANCIAL FLEXIBILITY#28BALANCED CAPITAL ALLOCATION Disciplined, multi-faceted approach to capital allocation depending on the circumstances HISTORICAL CAPITAL DEPLOYMENT ($MM) (1) $1,000 $900 $800 $700 $600 $500 $400 $300 $200 $100 $- 2012 2013 2014 2015 2016 2017 2018 2019 2020 YTD 2021 Capex M&A Share Buy-Backs Special Dividend INTERFOR (1) M&A includes acquisitions of wood cutting right tenures in BC 28#29RECENT CAPITAL ALLOCATION Balanced approach to recent capital deployment initiatives Internal Growth Multi-year strategic capital program; total capex spend of approx. $170 MM in 2021 and $200- 250 MM in 2022 External Growth Disciplined lumber-focused M&A; Acquisition from WestRock in Q1- 2021 & acquisition from Georgia- Pacific in Q3-2021 INTERFOR Opportunistic Buybacks NCIB authorized in Nov 2020 for up to 10% of float; repurchased entire authorization @ $27/share or 1.03x book value through the end of Sep'21; NCIB renewed for 10% in Nov 2021 Special Dividend $2/share special dividend paid on June 28'21; Announced on May 12'21, paid to shareholders of record on May 28'21 INTERFOR 29 29#30WESTROCK ACQUISITION Logical tuck-in acquisition with operational and capital investment upside • Acquisition of WestRock's sawmill in Summerville, South Carolina closed APPROX. LOG PROCUREMENT AREAS • • on March 12, 2021. Cash consideration of US$59 MM, included log and lumber inventories. Mill produced 125 MMbf in 2020. New permit received in 2020 allowing for an increase in production of up to 200 MMbf/year. • Strategic capital investment announced in August 2021 to significantly increase production. Significant log sort optimization and procurement synergies with existing mills (Meldrim/Georgetown). . Long-term residuals off-take agreement with WestRock's Charleston, SC paper mill. INTERFOR Columbia me Lancaster Chesterfield Manboro Fairfield Kershaw erry Lee Richland Saluda Bumber Lexington _dgefield Richmond cock Alken Darlington Com Robeson Bladen Marion Florence Horry Calhoun Clarendon Willamsburg Drangeburg Columbia Georgetown getown Berkeley Bamwel Bamberg Summerville Dorchester Charleston Jefferson Burke Allendale ington Johnson Emanuel Laurens Treutlen Jenkins Screve Colton Hampton Candler Bulloch Endam Montgomery Evans Wheeler Toombs Tanal Bryan Telfair Jeff Davis Apping Coffee Bacon Atkinson Ware Pierce Liberty Long Wayne McIntosh Glynn Brantley Jasper Beaufort Meldrim Chatham Brunswi О Approx. 80 Mile Log Procurement Radius 30 50#31GEORGIA-PACIFIC ACQUISITION • • • 23% increase to Interfor's capacity at an attractive valuation Acquisition of four high-quality US sawmills from Georgia-Pacific, closed on July 9, 2021 Cash purchase price of US$372 MM, including working capital Highly complementary to existing operations: • Regional operating synergies and economies of scale 720 MMbf of production capacity; 23% increase to Interfor's current platform • Immediately accretive; three operating mills generating significant cash flows DeQuincy, LA mill (curtailed by Georgia-Pacific in May 2020 during COVID) being restarted in the first half 2022 US NORTHWEST US SOUTH Philomath 220 MMbf DeQuincy 200 MMbf INTERFOR Bay Springs 140 MMbf Fayette 160 MMbf Interfor existing mills GP mills acquired 31#32CAPITAL STRUCTURE Significant financial flexibility to consider a variety of capital deployment options CAPITAL STRUCTURE AS OF SEPT 30, 2021 ($MM) DEBT MATURITY SCHEDULE AS OF SEPT 30, 2021 ($MM) Prudential Notes (4.08%) Cash $509 $140 $120 Debt $375 $100 Net Debt (Cash) $(134) $80 Book Equity $1,567 $60 $40 Invested Capital $1,433 $20 NET DEBT/INVESTED CAPITAL (%) (9)% $0 Available Liquidity (1) $836 2021 2022 2023 2024 2025 2026 2027 2028 2029 الس 2030 HISTORICAL NET DEBT/INVESTED CAPITAL RATIO (2) muli... 50% 40% 30% 20% 10% 0% -10% 2008 INTERFOR 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 (1) Amount available under $350MM revolving credit line, plus cash on hand. (2) As at December 31 each year, except 2021 as at September 30. 2020 2021 32 32#33POSITIVE ESG & CARBON STORY#34ENHANCING THE NATURAL CARBON CYCLE Responsible forest management increases long-term carbon storage CO2 CO2 Seedling Growing Forest CO2 CO2 CO2 CO2 Decaying/Vulnerable Forest Releases stored carbon Mature Forest CO2 INTERFOR Comprehensive Replanting in 2020 Interfor planted 11.8 million trees in BC alone Responsible Harvesting Enables transfer of carbon from forest to long-lived products H 34#35SUSTAINABLE MANUFACTURING Lumber produced by Interfor stores 4x the carbon emitted in all phases of its production of Interfor sites with kilns use renewable 86% biomass energy for drying lumber ~400,000 100% usage of every log delivered tonnes of CO₂e avoided annually by using biomass instead of burning fossil fuels 3.7 MM tonnes of CO2 stored in lumber sold by Interfor in 2020 VS. 0.9 MM tonnes of CO2e emitted by Interfor and the upstream supply chain combined in 2020, comprising direct fossil fuel, biogenic and electricity emissions INTERFOR 35 55#36LUMBER: LOW-CARBON BUILDING MATERIAL Lumber is a climate-friendly building product vs. other alternatives Compared to the use of: CO2 CO2 1m² of a building constructed using wood wall studs Stores net 16.7kg CO2* Steel Emits 18.0kg CO₂* CO2 INTERFOR * Carbon stored minus production emissions Concrete Emits 27.5kg CO₂* * 2 36#37RESPONSIBILITY AT THE HEART OF THE COMPANY Integrating ESG standards throughout our business ENVIRONMENT SOCIAL GOVERNANCE fo Climate: We contribute meaningfully to the global effort to combat climate change, through sustainable forest management and manufacturing sustainable building materials Our climate strategy assesses climate-related risks and opportunities; we are positioned for resilience We manage our own environmental impacts and minimize waste, through using renewable energy, optimizing logistics, and investing in our sawmills to improve their efficiency Biodiversity and Conservation: We are leaders in protecting biodiversity, wildlife, and forests of high conservation value We have independent, third party sustainable forestry and chain-of-custody certifications Environmental Management: We maintain an environmental management system (EMS) for all our manufacturing facilities and harvesting operations Safety: • • • • We embrace world-leading safety standards and target zero Medical Incident Rate (MIR) and Lost Time Frequency Rate (LTFR) metrics, because our goal is to never hurt anyone We are leaders in safety: Our MIR and LTFR are at levels well below the industry average and trending downward People: Our focus on employee training, development, internal promotion, competitive compensation, and diversity demonstrates our commitment to our people We have goals and action plans to increase the representation of women and people of color in our workforce Community Partnerships: • • We have signed agreements with 35 of the First Nations with whom we work, supporting shared business opportunities, training and capacity building We engage meaningfully with, support, and give back to the communities in which we operate or to the co We have environmental monitoring programs for water use, air emissions, waste management, fuel handling and spill prevention ESG Oversight: • 91% of directors are independent; 27% of directors are women; Chair of the Board is independent Board-level oversight of all ESG factors, including Board committees with oversight over: - environmental and safety - Employees and compensation - Governance, corporate responsibility and human rights ― financial reporting and information system security Our annual Sustainability Report provides in-depth and meaningful information to investors Our Code of Conduct & Ethics, including our core values, applies to all directors, officers and employees • We have a confidential whistleblower hotline to encourage employees, contractors, vendors and the general public to report any concerns You can read Interfor's 2020 Sustainability Report at: www.interfor-sustainability.com INTERFOR 37 37#38CONTACT INFORMATION#39INTERFOR INVESTOR CONTACTS RICK POZZEBON SVP & Chief Financial Officer 604-689-6804 [email protected] MIKE MACKAY VP, Corporate Development & Strategy 604-689-6846 [email protected] 39 39#40ANALYST COVERAGE BMO CAPITAL MARKETS Mark Wilde (212) 883-5102 [email protected] CIBC CAPITAL MARKETS Hamir Patel (604) 331-3047 [email protected] EQUITY RESEARCH ASSOCIATES Kevin Mason (604) 886-5741 kmason@equityresearch associates.com RAYMOND JAMES Daryl Swetlishoff (604) 659-8246 [email protected] RBC CAPITAL MARKETS Paul Quinn (604) 257-7048 [email protected] SCOTIA CAPITAL TD SECURITIES INTERFOR Benoit Laprade (514) 287-3627 [email protected] Sean Steuart (416) 308-3399 [email protected] 40 40