Investor Presentaiton
Western's Business to Benefit from Global Supply
and Demand Factors
WFP
Strong
Underlying
Demand
Drivers for
Wood
Products
Factors
ā
U.S. Economic
1
and Housing
Market Growth
2
Continued
Growth
in China
3
Reduced
Supply
of Fibre
4
U.S. Supply
Exit from
Japan Market
Highly Attractive Underlying Supply / Demand Dynamics
Increasing new home construction and robust repair and remodel
activity
Transition from supply driven to demand driven market expected to
result in improved pricing for wood products
Economic growth and urbanization
Consumption of wood will increase
Limited domestic fibre supply; increasing need for imports
Repatriation of U.S. lumber exports back to U.S. market creates
opportunity for Western
Increase consumption of lumber
Canadian
Fibre Supply
Reduction
Mountain pine beetle to negatively impact B.C. interior fibre supply
and lead to a reduction in B.C. interior lumber production
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