Investor Presentaiton

Specialty Products Focus Approximately 75% of WFP WFP Average Lumber Price vs. Commodity Lumber Price (C$ per mfbm) lumber revenue is $1,800 generated from non- $1,400 commodity products $1,000 Typically a significant price premium to commodity lumber $600 $200 Product market diversity and global exposure provide opportunities to maximize margin (1) KD Western SPF 2x4, #2&Btr; converted from US$ to C$ Strike Impacted WFP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 '17 '18 '19 '20 '21 -WFP Average Lumber Price Commodity Lumber Price '22 (1) Quarterly Lumber EBITDA Margin Comparison 55% 40% 25% 10% -5% -20% -35% Strike Impacted '23 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 '17 '22 '18 '19 '20 '21 (2) Peer Group Range Western Forest Products '23 (2) High and low EBITDA margin range of West Fraser and Canfor lumber segments and consolidated results of Interfor and Conifex; excludes duty recoveries Specialty Wood Products Focused Company WFP 42 42

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