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Investor Presentaiton

Specialty Products With 50% of our 2021 sales coming from the fresh produce, egg packaging, food services & isothermal distribution markets, our eco-friendly packaging solutions are well positioned to capitalize on market trends. (CAN$ billions) North American Fresh Produce and Foodservice Packaging Demand¹ Foodservice ■Fresh Produce $34.9 $35.9 $37.1 $38.4 $39.7 $41.0 • $8.1 $7.6 $7.8 $7.3 $6.9 $7.0 $28.0 $28.9 $29.8 $30.8 $31.8 $32.9 Key Market Growth Drivers Consumer Trends Consumer focus on health and wellness driving demand for fresh foods New business models driving demand (e.g., meal kits and isothermal packaging) Sustainability is key • Demand for sustainable packaging driving single use plastic-to-fibre shift Regulatory actions prohibiting single plastic use or mandating recycled content Demand for sustainable packaging solutions outpacing general market projected growth 2018 2019 2020 2021E 2022E 2023E 1 Note: Figures converted to CAD using exchange rate of $0.79; figures may not tie due to rounding. Source: Freedonia, bank estimates 22
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