#1DRIVING OPTIMIZATION 15 UNI-SELECT® INVESTOR RELATIONS PRESENTATION March 9, 2021#2Forward-Looking Information 15 UNI-SELECT® Certain statements made in this presentation are forward-looking statements. These forward-looking statements include, but are not limited to, statements relating to Uni-Select's outlook (including, without limitation, adjusted EBITDA, adjusted EBITDA margin and growth by business unit) and other statements that are not historical facts. Forward-looking statements are typically identified by the words assumption, goal, guidance, objective, outlook, project, strategy, target and other similar expressions or future or conditional verbs. All such forward- looking statements are made pursuant to the "safe harbor" provisions of applicable Canadian securities laws. Forward-looking statements are, by their very nature, subject to inherent risks and uncertainties and are based on several assumptions, both general and specific, which may cause expressed expectations to be significantly different from those listed or implied within this presentation and our business outlook, objectives, plans and strategic priorities may not be achieved. In particular, Uni-Select is facing significant impacts on its business as a result of the COVID-19 pandemic. The COVID-19 pandemic has resulted in a major decline in economic activity in North America and the United Kingdom resulting in a decline in demand for Uni-Select's products and services, reduced workplace productivity resulting from government-ordered business closures and enhanced health and safety measures and compromised business continuity of certain of Uni-Select's stores, suppliers, customers and/or partners. The duration and extent of the impact of the COVID-19 pandemic on Uni- Select's business, including its operations and the market for its securities, will depend on future developments, which are highly uncertain and cannot be predicted at this time, and include the duration, severity and scope of the pandemic and the actions taken in various jurisdictions to contain or treat the outbreak. These impacts could in turn, amongst other things, negatively impact Uni-Select's liquidities and/or its ability to remain in compliance with covenants under its indebtedness. As a result, we cannot guarantee that any forward-looking statement will materialize and we caution you against relying on any of these forward-looking statements. For additional information with respect to risks and uncertainties, refer to 2020 Annual Report and our MD&A filed by Uni-Select with the Canadian securities commissions. The forward-looking information contained herein is made as of the date of this presentation, and Uni-Select does not undertake to publicly update such forward-looking information to reflect new information, subsequent or otherwise, unless required by applicable securities laws. Forward-looking statements are presented in this presentation for the purpose of assisting investors and others in understanding certain key elements of our expected 2021 financial results, as well as our objectives, strategic priorities and business outlook for 2021, and in obtaining a better understanding of our anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. Basis of presentation: Unless otherwise indicated in this document, all amounts are expressed in millions of US dollars, except per share amounts, percentages and otherwise specified. F FINISHMASTER® Automotive & Industrial Paint 3 Bumper to Bumper Auto Parts Plus® Parts Alliance SANADA'S PARTS PEOPLE Local National Strength 2#3Non-IFRS Measures 15 UNI-SELECT® The terms "organic growth", "EBITDA", "adjusted EBITDA", "adjusted earnings", "adjusted earnings per share", "EBITDA margin", "adjusted EBITDA margin", "free cash flows", "total net debt", "total net debt to total net debt and total equity ratio", "long-term debt to total equity ratio", "funded debt to adjusted EBITDA", "return on average total equity" and "adjusted return on average total equity", are financial measures that are inconsistent with IFRS. Non-IFRS financial measures do not have any standardized meaning prescribed by IFRS and are, therefore, unlikely to be comparable to similar measures presented by other entities. Please refer to the Non-IFRS Financial Measures section of Uni-Select's MD&A for the fourth quarter of 2020 and the 2020 annual report for additional information. F FINISHMASTER® Bumper to Bumper Auto Parts Plus Parts Alliance Automotive & Industrial Paint SANADA'S PARTS PEOPLE Local National Strength 3#4Adoption of IFRS 16 - Leases 15 UNI-SELECT® On January 1, 2019, the Corporation applied, for the first time, IFRS 16 - Leases using the modified retrospective transition approach and did not restate comparative amounts of the year prior to its adoption as permitted. As a result, starting January 1, 2019, consolidated financial statements present significant variances when compared to prior periods. Consolidated statement of earnings, starting on January 1, 2019, include reduced rent expenses from the elimination of the classification as operating leases, higher finance costs from the interest expense on lease obligations and higher depreciation of right-of-use assets. F FINISHMASTER® Bumper to Bumper Auto Parts Plus Parts Alliance Automotive & Industrial Paint SANADA'S PARTS PEOPLE Local National Strength 4#5Today's Presenters F FINISHMASTER® Automotive & Industrial Paint Brent Windom President and CEO, Uni-Select Inc. President and COO, Canadian Automotive Group 15 UNI-SELECT® Eric Bussières Executive Vice President and Chief Financial Officer, Uni-Select Inc. Bumper to Bumper Auto Parts Plus Parts Alliance SANADA'S PARTS PEOPLE Local National Strength 5#6Agenda Investment Thesis ⚫ Uni-Select Overview • The Market • Corporate Strategy • Key Performance Indicators • Business Update Conclusion Appendix • Q4-20 Results • 5-Year Financial Summary Convertible Debentures FINISHMASTER® Automotive & Industrial Paint Bumper to Bumper Auto Parts Plus SANADA'S PARTS PEOPLE Parts Alliance Local National Strength 15 UNI-SELECT® 6#74901.701 1.01439 4972.23647 4.90162186 4901.62186233 0.001 4901.62186239 0.00306021 14.9999922 15 UNI-SELECT® 4901.62186233004599855 225.467498 01.6817 0.99459 901.62186233 0.00361509 177198041 90162186233 0.0027655 135557293 2186233 0.0027471 9016 INVESTMENT THESIS 7#8Investment Thesis Bumper to Bumper [5 UNI-SELECT® • 17 • Resilient business model with strong cash flow from operations profile • Diversified by business and geography Leadership positions in the U.S., Canada & U.K. • • Potential consolidation play in the 3 geographies • Solid leadership team in place Attractive valuation • Market supported by strong fundamentals in autoparts business FINISHMASTER® Automotive & Industrial Paint [3 Bumper to Bumper Auto Parts Plus SANADA'S PARTS PEOPLE Parts Alliance Local National Strength • Non-capital intensive business 8#9ZX 15 UNI-SELECT® BUMPER TO BUMPER AUTO SERVICE UNI-SELECT OVERVIEW 6#10Uni-Select at a Glance 15 UNI-SELECT® UNI-SELECT is a leader in the distribution of automotive refinish and industrial coatings and related products in North America, as well as a leader in the automotive aftermarket parts business in Canada and in the U.K. Uni-Select is headquartered in Boucherville, Quebec, Canada, and its shares are traded on the Toronto Stock Exchange (UNS). 23% United Kingdom 33% Canada $1.5B 2020 Consolidated Sales Note: data as at December 31, 2020 F FINISHMASTER® Automotive & Industrial Paint SANADA'S PARTS PEOPLE 44% United States Bumper to Bumper Auto Parts Plus Parts Alliance Local National Strength 15 Distribution Centres 4,800+ Team Members 394 Company-owned Stores C$407M(1) Market Capitalization 1,000+ Independant Autoparts Locations Served 70,000+ Installer and Collision Repair Customers Served (1) As at March 4, 2021 10#11Standing the Test of Time for Over 50 Years 15 UNI-SELECT® 1968 Founded by 12 Quebec businessmen who decided to join forces to form a purchasing group for aftermarket parts 1985 UNS became a publicly traded company Completed the acquisitions of IPA & Acklands in Quebec and Ontario 2004 Acquired Middle Atlantic Warehouse Distribution (MAWDI) 2008 Acquired Beck/Arnley Worldparts 2011 Acquired Finish Master 2015 Sold Uni-Select USA, Inc. 2017 Acquired The Parts Alliance in UK - the 3rd pillar 2018-2019 Strategic Review 1968 Growth 1980 Development 1990 Expansion In the 1970s, UNS went from 29 members, 69 suppliers and sales of about $6M to a network of 70 members operating 105 stores with sales of about $100M In the 1980s, UNS launched the Uni-Pro and Auto-Plus banners. It also expanded its operations outside of Quebec and opened a training center for repair shops In the 1990s UNS entered the U.S. market and acquired over 2000 Acquisitions 2010 Consolidation 2016 Optimization 2020 15 acquisitions mainly in Canada. It also launched many programs such as the Specialist, Auto Parts Plus and ProColor banner programs In the 2000s, UNS continued its growth by completing nearly 70 acquisitions. Its sales grew from $580M in 2000 to $1.4B in 2009 From 2010 to 2016 UNS became the largest independent paint, coatings and related accessories distributor in North America From 2017 to 2020 UNS optimized its operations through the implementation of a Performance Improvement Plan (PIP) The future is wide open Note: Amounts prior to 2011 are in Canadian dollars F FINISHMASTER® Bumper to Bumper Auto Parts Plus Parts Alliance Automotive & Industrial Paint SANADA'S PARTS PEOPLE Local National Strength 11#1215 UNI-SELECT™ A Two and Three Step Business Model CAG pursuing its transformation to have a balance between a 2 and 3 steps model. TPA and FM already operating on a 2 step model. I MANUFACTURERS DIRECT SHIPPING [5] UNI-SELECT® DISTRIBUTION CENTERS DOMESTIC & FOREIGN REPLACEMENT PARTS I INSTALLERS INDEPENDENT WHOLESALERS (CAG) COLLISION REPAIR SHOPS PAINT & RELATED PRODUCTS CORPORATE STORES TOOLS & EQUIPMENT F FINISHMASTER® Bumper to Bumper Auto Parts Plus® Parts Alliance Automotive & Industrial Paint SANADA'S PARTS PEOPLE Local National Strength NATIONAL & REGIONAL ACCOUNTS CONSUMERS 12#13Diversified by Business and by Geography 44% (1) 5 Uni-Select Corporate Office 33% (1) 23% (1) 15 UNI-SELECT® Finish Master U.S. Automotive refinish and industrial coatings and related products Largest paint aftermarket distributor Canadian Automotive Group Automotive aftermarket parts, tools and equipment, industrial and safety, paint and related products #2 player in the market The Parts Alliance U.K. Automotive aftermarket parts Market leader FINISHMASTER® Automotive & Industrial Paint (1) Based on sales for the year ended December 31, 2020 [3 Bumper to Bumper CANADA'S PARTS PEOPLE F FINISHMASTER® Bumper to Bumper Auto Parts Plus Automotive & Industrial Paint SANADA'S PARTS PEOPLE Auto Parts Plus FINISHMASTER® Automotive & Industrial Paint Parts Alliance Local Service National Strength Parts Alliance Local Service National Strength 13#14Extensive Distribution Network by Market 15 UNI-SELECT® Extensive distribution coverage US ST Distribution centres Canada UK Total 5 8 2 15 Independent customer locations served 1,100+ 34 1,000+ Company-owned stores 147 76 171 394 Installer and Collision Repair customers served 30,000+ 20,000+ 20,000+ 70,000+ Team members ~1,200 1,300+ 2,300+ 4,800+ Note: Data as at December 31, 2020 F FINISHMASTER® Bumper to Bumper Auto Parts Plus Parts Alliance Automotive & Industrial Paint SANADA'S PARTS PEOPLE Local National Strength 14#15Finish Master U.S. at a Glance 15 UNI-SELECT® Largest distributor of automotive refinish and industrial coatings and related products, operating in the U.S. Sales (M$) National Network in Key Locations Across Over 30 States WASHINGTON NORTH MONTANA DAKOTA MINNESOTA 815 830 831 753 654 OREGON Impact from pandemic CALIFORNIA 2016 2017 2018 2019 2020 The Market nrs SINGLE SOURCE LKQ English COLOR and supply, Inc. Welco Thousands of small independent distributors ~$2.9B Market(¹) F FINISHMASTER® Automotive & Industrial Paint 1. Addressable automotive paint and related products market estimated at the end of 2019. F FINISHMASTER® Automotive & Industrial Paint SOUTH DAKOTA NEV 5 Distribution centres KAN 147 KENTUCKY TENNESS Company- owned stores Note: Data as at December 31, 2020 NEW HAMPSHIRE, MAINE VERMONT MASSACHUSETTS Over 30,000 Customers ALASKA Top Priorities Continue to adjust our cost-to-serve model to new market reality • Ongoing continuous improvement initiatives Continue to focus on the optimization of working capital Grow our revenue portfolio (industrial, value added segment) [3 Bumper to Bumper Auto Parts Plus® SANADA'S PARTS PEOPLE Parts Alliance Local National Strength 15#1615 Canadian Automotive Group at a Glance UNI-SELECT® A leader in the distribution of automotive aftermarket parts, tools and equipment, industrial and safety, paint and related products in Canada Sales (M$) Coast to Coast Footprint Across Canada 485 504 516 485 444 2016 2017 2018 2019 2020 The Market Impact from pandemic Over Over 8 76 20,000 1,100 BESTBUY MONACO CARQUEST PARTSOURCE NAPA WORLDPAC US$2.0B UNI-SELECT® Auto Value AUTO PARTS= LORDCO Market (1) Distribution Company- Customers Independent centres owned stores Note: Data as at August 30, 2020 Top Priorities customer locations Numerous regional players in the automotive aftermarket parts market 1. Addressable warehouse distribution segment for the automotive aftermarket parts market estimated at the end of 2018. Drive new Bumper to Bumper Auto Service banners Ongoing continuous improvement initiatives • Grow organically and grow market share with selective strategic acquisitions F FINISHMASTER® Automotive & Industrial Paint (3 Bumper to Bumper Auto Parts Plus SANADA'S PARTS PEOPLE Parts Alliance Local Service National Strength 16#17Parts Alliance U.K. at a Glance A major distributor of automotive aftermarket parts in the U.K. and Ireland Sales (M$) 15 UNI-SELECT® Nationwide Network Covering 85% of the total U.K. Market 418 393 333 Scotland Acquired TPA in August 149 2017 Impact from pandemic 2 171 2016 2017 2018 2019 2020 သား က 20,000+ 34 Distribution Company- Customers Independent England centres The Market owned stores customer locations Note: Data as at August 30, 2020 Parts Alliance ALLIANCE AUTOMOTIVE GROUP MOTOR PARTS LKQDIRECT Quro MILL CAR PARTS Dingbro Ltd GPC Andrew Many competitors of limited scale Local Service National Strength US$4.9 B Market(1) 1. Addressable automotive aftermarket parts market estimated at the end of 2019. • Top Priorities Gain a greater share of customers' wallet Elevate customer service Ongoing continuous improvement initiatives • Grow market with selective greenfield openings depending on market conditions F FINISHMASTER® Automotive & Industrial Paint [3 Bumper to Bumper Auto Parts Plus® SANADA'S PARTS PEOPLE Parts Alliance Local National Strength 17#18Solid Leadership Team in Place Brent Windom • Appointed President and Chief Executive Officer, Uni-Select Inc., in May 2019 · Has been President and COO, Automotive Canada since July 2017 President & CEO President & COO (CAG) Eric Bussières • Previously served as President and COO of Uni-Select USA and Senior Vice President, Sales and Marketing of Uni-Select North America, among other positions at the company • 30+ years of experience; held senior management roles including President and COO of Auto Plus | Pep Boys U.S. [5] UNI-SELECT® Experience Total UNS 30+ 15 Appointed CFO in November 2015 • Executive VP & CFO • Previously worked at CAE for 10 years, including as VP Finance, Simulation Products, Civil Training and Services Also worked at Société Générale, from 1997 to 2005, and the Royal Bank of Canada, from 1991 to 1997 25+ 5+ • Appointed President and COO of Finish Master in April 2020 Joseph McCorry President & COO, (FM) • Previously served as Global Business Unit Head, President, Vice President (Regional), and General Manager at ZF Group from 2003 to July 2020 25+ 1 • Also served as Vice President, Strategic Planning and Vice President at ZF Asia-Pacific • Appointed President and CEO, The Parts Alliance U.K., in March 2019 Neil Croxson ⚫ Joined the organization as Group CFO in May 2015 and has been playing a pivotal role in the expansion of company's network through selected acquisitions and the opening of 15 company-owned stores 25+ 5+ President & COO (TPA) • Previously worked at Rexel Group for 12 years as CFO Northern Europe and also worked at Toyota, Mercedes-Benz, and Nissan Louis Juneau Chief Legal and Administrative Officer & Corporate Secretary • Member of the Quebec Bar since 1991 • Promoted from Chief Legal to Chief Legal and Administrative Officer and Corporate Secretary, Uni-Select Inc., in May 2019 ⚫ Joined in 2009 as Senior Director, Legal Affairs and was appointed VP, Legal Affairs and Corporate Secretary in 2013 • Previously worked for an automotive parts manufacturer and distributor for 7 years as VP, Legal Affairs and Secretary 25+ 10+ Nathalie Giroux Appointed Chief People Officer of Uni-Select in September 2020 CPO VP, HR (CAG) • Previously served as VP, Human Resources, Defence & Security at CAE and held management roles at Molson Coors Canada 20+ 1 FINISHMASTER® Automotive & Industrial Paint • Seasoned leader who possesses strong skills in strategic talent and performance management as well as in-depth knowledge of total rewards with over 20 years of experience in human resources [3 Bumper to Bumper SANADA'S PARTS PEOPLE Auto Parts Plus Parts Alliance Local National Strength 18#19Attractive Valuation Compared to Peers 15 UNI-SELECT® Uni-Select trading at EV/EBITDA multiple of 6.8x (1) vs peer average of 11.9x (1) $15,00 $12,00 $9,00 $6,00 $3,00 $0,00 2-Jan-20 30-Jan-20 28-Feb-20 27-Mar-20 27-Apr-20 (1) Based on NBF estimates on March 4, 2021 FINISHMASTER® Automotive & Industrial Paint (3 Bumper to Bumper* SANADA'S PARTS PEOPLE 26-May-20 23-Jun-20 22-Jul-20 Auto Parts Plus Local National Strength Parts Alliance 20-Aug-20 18-Sep-20 19-Oct-20 16-Nov-20 ދނޔ 14-Dec-20 14-Jan-21 11-Feb-21 Mar. 4 C$9.61 19#20Historical Trend in Results 2020 Impacted by Pandemic $1,197 Sales (M$) [5 UNI-SELECT® EBITDA & Adj. EBITDA (M$)(1) $108 $107 $1 472 $89 $65 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 Adj. EBITDA EBITDA $112 Total Net Debt (¹) (M$) Free Cash Flow(1) $370 $107 2016 2017 2018 2019 2020 $72 2016 2017 2018 2019 2020 (1) This information represents a non-IFRS financial measure. Refer to the "Non-IFRS financial measures" section of the 2020 MD&A for further details. Note: Results for 2016-2018 were not restated as permitted by IFRS 16 FINISHMASTER® Automotive & Industrial Paint [3 Bumper to Bumper Auto Parts Plus® Parts Alliance SANADA'S PARTS PEOPLE Local National Strength 20#21Implementing ESG Initiatives [5 UNI-SELECT® UNI-SELECT is guided by strong ethical standards and constantly strives to be a responsible corporate citizen. The Corporation recognizes that its success depends on good environmental, social and governance practices. It is committed to implementing initiatives that will reduce its impact on the environment, provide an enviable work environment for its employees, give back to the communities in which it operates and promote sound corporate governance. ENVIRONMENT Uni-Select cares about the impact its operations have on the environment. The Corporation complies with all applicable environmental laws and is committed to continuously improve its environmental practices. SOCIAL Uni-Select strives to create a working environment that brings out the best in its employees and fosters community engagement. GOVERNANCE Uni-Select has adopted policies, procedures and structures to ensure that effective corporate governance practices are followed and that the Board of Directors functions independently from Management. FINISHMASTER® Automotive & Industrial Paint (3 Bumper to Bumper Auto Parts Plus® CANADA'S PARTS PEOPLE Parts Alliance Local Service National Strength 21#2215 UNI-SELECT® THE MARKET 22 22#23Finish Master - Industry Fundamentals Car Parc (in millions) Average Age of Vehicles 282 11,7 11,8 11,9 277 274 2019 2020* 2018 2019 2020 Source: IHS 2018 Source: IHS *statista.com & at Q3-20 Miles Driven (in billions) 3 240 3 260 17,32 2 830 2018 2019 2020 Source: Federal Highway Administration (not seasonally adjusted) F FINISHMASTER® Bumper to Bumper Auto Parts Plus Parts Alliance Automotive & Industrial Paint SANADA'S PARTS PEOPLE Local Service National Strength 2018 New Vehicle Registrations (in millions) 17,12 Source: IHS *statista.com & at Q3-20 14,84 2019 2020* [5 UNI-SELECT® 23#24Canadian Automotive Group - Industry Fundamentals Car Parc (in millions) 9,73 29,8 29,0 28,2 2018f Source: Frost & Sullivan Average Age of Vehicles 9,75 9,70 2019f 2020f 2017 2018 2019 Source: IHS Miles Driven (in billions) New Vehicle Registrations (in millions) 335 341 2,0 240 1,9 1,4 2018f 2019f Source: Frost & Sullivan, Waze mobility and EY analysis 2020f F FINISHMASTER® Bumper to Bumper Auto Parts Plus Parts Alliance Automotive & Industrial Paint SANADA'S PARTS PEOPLE Local National Strength 2018 2019 Source: Frost & Sullivan, Waze mobility and EY analysis 2020f 15 UNI-SELECT® 24#25The Parts Alliance - Industry Fundamentals Car Parc (in millions) Average Age of Vehicles 31,9 31,9 8,28 31,5 8,16 8,05 2018 Source: UK Dept of Transport 272 2018 2019 2020 Miles Driven (in billions) Source: UK Dept of Transport * As of Q3-20 2017 2018 2019 Source: UK Dept of Transport New Vehicle Registrations (in millions) 278 220 2,34 2,30 1,68 2019 2020* F FINISHMASTER® Bumper to Bumper Auto Parts Plus Parts Alliance Automotive & Industrial Paint SANADA'S PARTS PEOPLE Local Service National Strength 2018 Source: UK Dept of Transport * Trailing 12 months as of Q3-20 15 UNI-SELECT® 2019 2020* 25#26CORPORATE STRATEGY 15 UNI-SELECT® 26#27Implemented Strategic Initiatives in Past 4 Years 15 UNI-SELECT® Over the past four years, Management implemented strategic initiatives to respond to market challenges, grow the business, optimize operations and maximize shareholder value 2016 Q1 Q2 Q3 Q4 Q1 Product line changeover TPA acquisition PIP Strategic review Convertible debenture COVID-19 Response CIP FINISHMASTER® Automotive & Industrial Paint 2017 Q2 22 Q3 Q4 Q1 2018 2019 2020 Q2 22 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 == √ √ √ √ √ ✓ ✓ ✓ ✓ [3 Bumper to Bumper Auto Parts Plus® SANADA'S PARTS PEOPLE √ √ √ √ √ √ √ √ Parts Alliance Local Service National Strength √ √ √ √ √ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ 27#28[5 UNI-SELECT® Realized $84M of Annualized Cost Savings Uni-Select realized annualized savings of $84 million from its various optimization initiatives Evolution of annualized cost savings from optimization initiatives (in millions of $) $84M Realized FM CIP annual Additional $90 Rightsizing Plan $80 $70 +$10M FM & TPA initiatives +10M Additional expected savings +$5M +$30M savings $60 25/20 $50 20/20 Initiative $40 Initiative +$5M $30 $20 $10 $0 Q4-17 Q1-18 Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Base initiatives Additional savings Restructuring charges: $20M Other charges + as incurred: + $13M Non-cash costs related to the write-down of assets: $12M == Total Restructuring and other charges: + $45M F FINISHMASTER® Bumper to Bumper Auto Parts Plus® Automotive & Industrial Paint SANADA'S PARTS PEOPLE Parts Alliance Local National Strength Expected annual savings $80M Net capital expenditures: $7M 28#29Responded to COVID-19 15 UNI-SELECT® • Put in place stringent protocols for social distancing and hygiene precautions to safeguard team members, customers and supply partners • Implemented temporary measures for business continuity • • • • Furloughed a portion of the workforce and reduced work hours of other team members Temporarily closed some stores and reduced operating hours at others Reduced the Board of Directors' remuneration Implemented cash conservation plan to ensure maximum liquidity and financial flexibility • • Tightened the management of working capital and non-essential expenses Reduced capital expenditures and customer investments Suspended the dividend Monitored announcements of governmental assistance programs F FINISHMASTER® Bumper to Bumper Auto Parts Plus Parts Alliance Automotive & Industrial Paint SANADA'S PARTS PEOPLE Local National Strength 29#3015 UNI-SELECT® KEY PERFORMANCE INDICATORS 30#31Historial Impact of Seasonality on UNS Results 15 UNI-SELECT® While the impact of COVID-19 has temporarily distorted the typical seasonality of UNS's results, Q1-21 is still expected to be soft The below historical seasonality might be impacted in the future due to market volatility created by COVID-19 Q1 Q2 Q3 Q4 Finish Master SOFT STRONG STRONG SOFT CAG SOFT STRONG STRONG SOFT ΤΡΑ STRONG STRONG SOFT SOFT F FINISHMASTER® Automotive & Industrial Paint Bumper to Bumper Auto Parts Plus SANADA'S PARTS PEOPLE Parts Alliance Local National Strength 31#32Increasing Sales/Store at Finish Master U.S. Over the past 3 years the sales/store has improved demonstrating the effectiveness of our continuous improvement initiatives [5 UNI-SELECT® 250 200 150 100 50 213 $3,841 Pre-covid $4 600 Post-covid $4 400 $4 200 $4,017 $4 000 $3 800 163 $3 600 $3 400 $3 200 $3.000 Q1-18 Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Average number of stores LTM Sales/Store (in thousands) F FINISHMASTER® Bumper to Bumper Auto Parts Plus® Parts Alliance Automotive & Industrial Paint SANADA'S PARTS PEOPLE Local National Strength 32#33in millions $ Converting Adj. EBITDA (¹) into FCF (1) Effectively Over the past 5 years the conversion rate has averaged ~82% [5 UNI-SELECT® $140 100% 100% 90% $120 81% 81% 82% 75% 80% 72% 81% $100 70% 63% 60% 67% 60% $80 50% $60 40% $40 30% 20% $20 10% $0 0% 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Adjusted EBITDA FCF FCF Conversion Rate FINISHMASTER® (1) This information represents a non-IFRS financial measure. Refer to the "Non-IFRS financial measures" section of the 2020 MD&A for further details. Note: Results prior to 2019 were not restated as permitted by IFRS 16 Automotive & Industrial Paint [3 Bumper to Bumper Auto Parts Plus® Parts Alliance SANADA'S PARTS PEOPLE Local National Strength 33#34in millions $ 15 Tightening Inventory Management UNI-SELECT® Since the beginning of 2020, Uni-Select reduced its inventory level by about $147M, of which $110M should be considered permanent $600 $524 $500 $458 $400 $300 $200 $100 $516 $369 $0 Q4-17 Q1-18 Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 FINISHMASTER® Bumper to Bumper Auto Parts Plus Parts Alliance Automotive & Industrial Paint SANADA'S PARTS PEOPLE Local National Strength 34#35Minimizing Capital Deployment Not a capital intensive business. Maintenance CAPEX is in the range of $10-$12 million 15 UNI-SELECT® $450 $414 $400 $350 $300 in millions $ $241 $250 $200 ΤΡΑ Dividends were suspended in the Spring of 2020 $150 $100 $100 U.S. acquisitions $45 $50 $24 $0 2016 2017 Acquisitions I Capex & Intangibles F FINISHMASTER® Automotive & Industrial Paint [3 Bumper to Bumper Auto Parts Plus® SANADA'S PARTS PEOPLE Local Service National Strength 2018 2019 2020 ■Merchant Advances ■Dividends Share buybacks Parts Alliance 35#36in millions $ Investing in Merchant Advances Merchant advances are typically ~2.5% of US Sales [5] UNI-SELECT® $40 10,0% 9,0% $35 8,0% $30 FM was 7,0% acquired $25 in 2011 6,0% $20 5,0% 4,0% $15 3,9% 4,1% 3,0% $10 2,4% 2,2% 2,5% 2,0% $5 2,1% 1,7% 0,1% 1,0% 1,3% $0 0,6% 0,0% 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Merchant Advances (net) % of US Sales F FINISHMASTER® Bumper to Bumper Auto Parts Plus Parts Alliance Automotive & Industrial Paint SANADA'S PARTS PEOPLE Local National Strength 36#37in millions $ Reducing Total Net Debt (1) The leverage ratio in 2020 was impacted by the pandemic. The leverage ratio excluding IFRS 16 stands at 3.0x in 2020 $500 $450 $400 3,4x $350 3,4x $300 2,7x $250 2,3x $200 $150 Acquired FM $100 Sold Uni-Select $50 USA, Inc. $0 2011 2012 2013 2014 2015 Total net debt [5] UNI-SELECT® 5,0 4,2x 4,5 4,0 3,6x 3,5x 3,5x 3,5 3,0 2,5 2,0 1,0x Acquired TPA 1,5 1,0 0,5 0,0 2016 2017 2018 2019 2020 Total net debt to adjusted EBITDA (1) This information represents a non-IFRS financial measure. Refer to the "Non-IFRS financial measures" section of the 2020 MD&A for further details. Note: The total net debt calculation is excluding the convertible debentures which are considered equity for ratio purposes. FINISHMASTER® Automotive & Industrial Paint SANADA'S PARTS PEOPLE [3 Bumper to Bumper Auto Parts Plus® Parts Alliance Local National Strength 37#38[5 Leveraging Credit Facilities UNI-SELECT® In May 2020, we entered into new credit facilities securing access to additional liquidity of $100 million on more flexible financial terms and conditions Selected Credit Facilities Terms & Conditions (in millions of $) Repayment of 17.7% by Q1-22 Repayment of 21.2% over the term of the facilities $600 $500 Secured by a first ranking lien on all $400 of UNS's assets $300 Minimum profitability requirement Limitations on distributions and on usages of the $200 proceeds from the $100 disposal of assets Leverage & coverage tests Minimum liquidity requirement Maturity Date June 30, 2023 $0 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 ■Revolving Credit Facilities F FINISHMASTER® Bumper to Bumper Auto Parts Plus® Automotive & Industrial Paint SANADA'S PARTS PEOPLE Parts Alliance Local National Strength Term facilities 38#39Maintaining Sufficient Liquidity Improved available liquidity by $50M in 2020 F FINISHMASTER® Automotive & Industrial Paint Credit Facilities (M$) $575 $575 $565 $565 $565 $202 $235 $216 $254 $285 $373 $340 $349 $311 $280 Q4-19 Q1-20 Used Q2-20 Available Bumper to Bumper Auto Parts Plus® Parts Alliance SANADA'S PARTS PEOPLE Local Service National Strength Q3-20 Q4-20 15 UNI-SELECT® 39#40Complying With Covenants 15 UNI-SELECT® As at December 31, 2020, Uni-Select is in compliance with all its covenants Selected Credit Agreement Covenants (1) Q4-20 Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Liquidity >$35M >$35M >$35M >$35M >$35M >$35M EBITDA >$OM >$OM >$20M >$25M Total Debt/ EBITDA Ratio <4.50: <4.50: 1.00 1.00 <4.00: 1.00 <4.00: 1.00 <3.50: <3.75: 1.00 1.00 EBITDA / Interest >2.50: 1.00 >2.50: >2.50: 1.00 1.00 >2.50: 1.00 >3.00: 1.00 >3.00: 1.00 Expense Ratio (1) Please refer to Credit Agreement on Sedar for a list and description of all covenants, calculation and definitions of EBITDA and Total Net Debt. F FINISHMASTER® Bumper to Bumper Auto Parts Plus Parts Alliance Automotive & Industrial Paint SANADA'S PARTS PEOPLE Local National Strength 40 40#413 BUSINESS UPDATE 15 UNI-SELECT® 41#42Business Update - Key Highlights Q1-21 results: • Consolidated organic growth quarter-to-date stands at -13.0% 15 UNI-SELECT® • Revenues will be lower than last year as the impact from the pandemic was in the latter part of March coupled with the severe storms in the U.S. • Benefits from continuous improvement initiatives • Markets at the beginning of 2021 are showing signs of recovery • Manufacturer supply chain issues persist - impact of about 10% on orders • COVID-19 impact: . Expect negative impact in 1st half of 2021 but more optimistic in the 2nd half • • UK and US leading the charge with the vaccine Management focusing on maintaining employee engagement despite the second lockdown • Stock price improved 34% since the release of our Q4-20 results on February 19th ($7.15 to $9.61) FINISHMASTER® Automotive & Industrial Paint Bumper to Bumper Auto Parts Plus® Parts Alliance SANADA'S PARTS PEOPLE Local National Strength 42#43-1,4% Market Conditions United States Key industry metrics in the U.S., Canada and the U.K. are showing clear signs of recovery which is encouraging in the current context % Decrease in CCC's Claim Count (month over month) Canada Kilometers Driven (billions) 98 120% 91 84 -5,2% 73 75 100% 71 -15,3% 55 80% -15,7% 20,8% -20,8% -19,3% -18,5% -20,3% -19,5% 38 -23,7% 60% -26,2% -34,8% 40% -45,1% janv-20 févr-20 mars-20 avr-20 Source: CCC mai-20 juin-20 juil-20 août-20 sept-20 oct-20 nov-20 déc-20 janv-21 févr-21 F FINISHMASTER® Automotive & Industrial Paint Bumper to Bumper SANADA'S PARTS PEOPLE Q1-20 Q2-20 Q3-20 I Post-COVID KM driven (estimated) Pre-COVID KM driven (estimated) Auto Parts Plus® Parts Alliance Local National Strength 20% Q4-20 0% United Kingdom [5 UNI-SELECT® Car Use (GB) relative to previous year 1-Mar-20 1-Apr-20 1-May-20 1-Jun-20 1-Jul-20 1-Aug-20 1-Sep-20 Source: Frost & Sullivan; Waze Mobility; and EY analysis Source: UK Government statistics office 1-Oct-20 1-Nov-20 1-Dec-20 1-Jan-21 1-Feb-21 1-Mar-21 43#44• Finish Master U.S. Organic growth quarter-to-date stands at -19.7% . • Impact from weather conditions in Texas & the East coast • Impact from COVID-19 15 UNI-SELECT® Continued shift to growing proportion of national accounts and MSOS Continuous improvement through automation (scanners & route optimization) Priorities for 2021: • Drive and optimize sales by channel • • • Implement initiatives to preserve the efficiency gains realized in 2020 Ensure that our business model allows us to be the lowest cost provider to the National channel Maintain an optimized inventory level F FINISHMASTER® Automotive & Industrial Paint Bumper to Bumper Auto Parts Plus Parts Alliance SANADA'S PARTS PEOPLE 44 Local National Strength#45Canadian Automotive Group 15 UNI-SELECT® Organic growth quarter-to-date stands at -3.1% • The PBE business continues to be more negatively impacted than the auto parts business • Continuous improvement through automation (reaped the benefits from point-of- sale migration & route optimization) . ⚫ Priorities: • Drive sales growth • Make strategic tuck-in acquisitions that bring leverage and efficiency • Increase our private label product category penetration • Improve inventory optimization further • Western Canada distribution centre footprint optimization F FINISHMASTER® Automotive & Industrial Paint Bumper to Bumper Auto Parts Plus Parts Alliance SANADA'S PARTS PEOPLE 45 Local National Strength#46The Parts Alliance U.K. 15 UNI-SELECT® • Organic growth quarter-to-date stands at -10.2% The Ministry of Transportation's (MOT) changing mandatory testing schedule may impact the seasonality of TPA results • New independent player in the market is gaining traction • New UK budget: • . Extended subsidies up to September 2021 • Corporate tax rate up from 19% to 25% in 2023: currently evaluating impact on deferred tax liabilities Priorities: • Focus on sales in our core product categories • Grow market with selective greenfield openings depending on market conditions • Continue the migration of stores on a single point-of-sale system • Restructure the supply chain from 2 distribution centres to 1½ • Transition to a hub and spoke model with our stores F FINISHMASTER® Automotive & Industrial Paint [3 Bumper to Bumper Auto Parts Plus® Parts Alliance SANADA'S PARTS PEOPLE Local National Strength 46#47Brexit - Impact BREXIT Update Tariff Free, Quota Free deal agreed Investment in security stock Initial relief, but administration issues developing across wider economy and resulting in additional cost and delays. Minor impact on cost and productivity so far. F FINISHMASTER® Automotive & Industrial Paint Bumper to Bumper* SANADA'S PEOPLE Country of Origin main issue for our sector: • Double duty cost . Supplier data Accuracy • Supply chain efficiency Continue to monitor and adapt as implementation of new rules is clarified. We are holding our stock investment as hedge against anticipated disruption Auto Parts Plus Parts Alliance Local National Strength 15 UNI-SELECT® 47#48Working Capital / Debt 15 UNI-SELECT® In Q1-21, working capital usage will increase between $50M to $80M: • Seasonally softer revenues in Q4-20 and Q1-21 resulting in lower accounts receivables • Cash outflow due to member rebates • Cash outflows due to accounts payables, restocking and vendor financing • Q1-21 total net debt will increase compared to Q4-20 • • Objective to finish 2021 at a similar debt level than 2020, with an improved leverage ratio • No mandatory debt repayment in 2021 Cash outflow • Increased customer investments • Potential tuck-in acquisitions Expect FCF to be lower in 2021 than 2020 • Increased capex F FINISHMASTER® Bumper to Bumper Auto Parts Plus Parts Alliance Automotive & Industrial Paint SANADA'S PARTS PEOPLE Local National Strength 48 42#49[5 2021 Outlook UNI-SELECT® There is significant uncertainty in the market related to the pandemic, the Brexit overhang and the ongoing structural changes in the refinish market in the U.S., therefore, the following Outlook is based on certain assumptions and visibility as of today. • • . Q1-21 Consolidated Sales Quarter-to-date consolidated organic growth stands at -13.0%, with FM at -19.7%, CAG at -3.1% and TPA at -10.2% Temporary supply chain issues are expected to continue in the 1st half of 2021 The Refinish/PBE markets will continue to be behind previous COVID levels for the medium term 2021 - Business Segments • FM sales: 2021 sales expected to be up over 2020. Market recovery is expected on a regional basis. National and MSO sales are currently recovering faster than independent channel CAG & TPA: 2021 sales expected to be up over 2020 2021 Consolidated Profitability • Adj. EBITDA & % expected to improve over 2020 Benefits from past CIP initiatives . Lower government subsidies • • CIP initiatives ongoing at Finish Master . • Net finance costs in line with 2020, excluding the loss on debt extinguishment Tax rate between 20% and 22%, excluding the potential impact of the recent UK tax rate change FINISHMASTER® Automotive & Industrial Paint (3 Bumper to Bumper Auto Parts Plus CANADA'S PARTS PEOPLE Parts Alliance Local National Strength • 2021 - Cash Flow & Debt Capex for maintenance: ~$12M • Capex for development: $10M-$16M • Customer investments: $14M -$16M • Expect total net debt to rise in Q1-21 vs Q4-20 due to seasonality, re-stocking and payments of rebates to our members Objective is to finish 2021 at similar debt level of Q4, 2020 with improved leverage ratio 49#50CONCLUSION 15 UNI-SELECT® 50#51Conclusion [5] UNI-SELECT® • Q1-21 sales will be lower than the same period last year and net debt will increase over Q4-20 mainly due to investments in the working capital • Uncertainty remains surrounding the rate of recovery of the refinish market, the recovery from the pandemic and to a lesser extent impact from Brexit • Execution of different continuous improvement initiatives • Interesting stock valuation compared to peers • Well-positioned for the market recovery as costs have been taken out F FINISHMASTER® Bumper to Bumper Auto Parts Plus Parts Alliance Automotive & Industrial Paint SANADA'S PARTS PEOPLE Local National Strength 51#5215 UNI-SELECT® APPENDIX 52 52#53Q4-20-Consolidated Results Sales (M$) $413 $366 EBITDA (M$)(1) $21 15 UNI-SELECT® Net earnings (loss) (M$) 5.9% Q4-19 Q4-20 (6.8%) Q4-19 Q4-20 -$28 EPS Q4-19 Q4-2 ($0.12) EPS -$5 ($1.17) -$49 Neg. Organic Growth (1) Adj. EBITDA (M$)(1) Adj. Earnings (loss) (M$)(1) (12,6%) $28 (12,0%) $24 6.8% $5 6.5% EPS $0.11 EPS Q3-20 Q4-20 Q4-19 Q4-20 Q4-19 Q4-2 ($0.03) -$1 (1) This information represents a non-IFRS financial measure. Refer to the "Non-IFRS financial measures" section of the 2020 MD&A for further details. F FINISHMASTER® Automotive & Industrial Paint (3 Bumper to Bumper Auto Parts Plus Parts Alliance SANADA'S PARTS PEOPLE Local National Strength 53#54Q4-20-Liquidity & Capital Resources CF From in Operations (M$) $48 Free Cash Flow (M$)(1) $24 $4 Q4-19 Q4-20 Total Net Debt (M$)(¹) $449 $370 $101 $101 $348 $269 Q4-19 Q4-20 $16 Q4-19 Q4-20 Total Net Debt/Adj. EBITDA 4.2x 3.5x 1,1x 0,8x 3,0x 2,7x Q4-19 Q4-20 (1) This information represents a non-IFRS financial measure. Refer to the "Non-IFRS financial measures" section of the 2020 MD&A for further details. F FINISHMASTER® Automotive & Industrial Paint [3 Bumper to Bumper Auto Parts Plus Parts Alliance SANADA'S PARTS PEOPLE Local National Strength 15 UNI-SELECT® 54#55Q4-20-Finish Master Results Sales (M$) $198 [5 UNI-SELECT® Network of Stores EBITDA (M$)(¹) 180 $155 $15 $8 7.3% 5.3% Q4-19 Q4-20 Q4-19 Q4-20 Neg. Organic Growth (1) Adj. EBITDA (M$)(1) $16 (24,1%) (22,0%) 8.3% $8 Q3-20 Q4-20 5.4% Q4-19 Q4-20 147 Q4-19 Q4-20 (1) This information represents a non-IFRS financial measure. Refer to the "Non-IFRS financial measures" section of the 2020 MD&A for further details. F FINISHMASTER® Automotive & Industrial Paint SANADA'S PARTS PEOPLE (3 Bumper to Bumper* Auto Parts Plus® Parts Alliance Local National Strength 55#56Q4-20 - Canadian Automotive Group Results 15 UNI-SELECT® Sales (M$) $122 Q4-19 EBITDA (M$)(1) $125 $13 $6 10.2% 4.6% Q4-20 Q4-19 Network of Stores 75 76 Q4-20 Q4-19 Q4-20 Organic Growth (1) Adj. EBITDA (M$)(1) 0,2% Q3-20 Q4-20 (-0,1%) $13 $9 10.7% 7.6% Q4-19 Q4-20 (1) This information represents a non-IFRS financial measure. Refer to the "Non-IFRS financial measures" section of the 2020 MD&A for further details. F FINISHMASTER® Automotive & Industrial Paint [3 Bumper to Bumper Auto Parts Plus® Parts Alliance SANADA'S PARTS PEOPLE Local National Strength 56#57Q4-20- The Parts Alliance Results Sales (M$) EBITDA (M$)(1) $92 $87 $5 $7 5.6% 7.8% Q4-19 Q4-20 Q4-19 Q4-20 Neg. Organic Growth (1) Adj. EBITDA (M$)(1) (5,3%) (6,0%) $5 5.7% Q3-20 Q4-20 Q4-19 $7 Q4-20 7.8% (1) This information represents a non-IFRS financial measure. Refer to the "Non-IFRS financial measures" section of the 2020 MD&A for further details. F FINISHMASTER® Automotive & Industrial Paint (3 Bumper to Bumper* Auto Parts Plus® Parts Alliance SANADA'S PARTS PEOPLE Local National Strength 15 UNI-SELECT® Network of Stores 179 171 Q4-19 Q4-20 44 57#58Operating Results - 5-Year Financial Summary [5 UNI-SELECT® In millions of US $, except per share amounts, % and otherwise specified 2020 2019 2018 2017 2016 Sales 1,472 1,740 1,752 1,448 1,197 EBITDA (1) 65 76 105 111 107 EBITDA margin (1) 4.4% 4.4% 6.0% 7.6% 8.9% Adjusted EBITDA (1) 89 130 120 118 108 Adjusted EBITDA %(1) 6.0% 7.5% 6.8% 8.1% 9.0% Net earnings (loss) (32) (20) 36 45 58 Net earnings (loss) per share (0.74) (0.47) 0.86 1.06 1.37 Adjusted earnings(1) (8) 31 51 55 59 Adjusted earnings per share(1) (0.18) 0.73 1.22 1.30 1.38 Free cash flows (1) 72 106 60 80 96 107 (1) This is a non-IFRS financial measure. Please refer to the Company's MD&A. Note: Results for 2016-2018 were not restated as permitted by IFRS 16 F FINISHMASTER® Automotive & Industrial Paint SANADA'S PARTS PEOPLE (3 Bumper to Bumper* Auto Parts Plus Parts Alliance Local National Strength 58#59Financial Position - 5-Year Summary [5] UNI-SELECT® In millions of US $, except per share amounts, % and otherwise specified 2020 2019 2018 2017 2016 Working capital 265 322 256 255 191 Total assets 1,375 1,586 1,541 1,496 981 Total net debt (1) 370 449 419 418 112 Convertible debentures 88 85 Total equity 474 507 524 518 472 Return on average total equity ratio(1) (6.5%) (3.9%) 7.0% 9.0% 12.8% Adjusted return on average (2.4%) 5.2% 9.1% 10.8% 12.9% total equity ratio (1) (1) This is a non-IFRS financial measure. Please refer to the Company's MD&A. F FINISHMASTER® Bumper to Bumper Auto Parts Plus Parts Alliance Automotive & Industrial Paint SANADA'S PARTS PEOPLE Local National Strength 59#6015 Convertible Debentures UNI-SELECT® The C$125 million financing bears interest at 6% per annum and provides greater flexibility and improves our leverage ratios and bank covenants as it is considered quasi equity for bank covenant calculations. Simple Graphical Representation of Convertible Debentures Convertible Debenture Price C$10.79 ISSUE DATE: DEC. 18, 2019 OUT OF THE MONEY IN THE MONEY Convertible Debenture Value Conversion Value C$13.57 Uni-Select Stock Price MATURITY DATE: DEC. 18, 2026 Bumper to Bumper Auto Parts Plus® F FINISHMASTER® Automotive & Industrial Paint SANADA'S PARTS PEOPLE Parts Alliance Local National Strength 60#61ט UNI-SELECTO UNISELECT.COM