Investor Presentaiton

Japan Statistics Japan Housing Starts (000s) Douglas Fir Lumber Prices to Japan (US$ per mfbm) WFP $2,300 980 883 892 909 967 965 942 905 860 860 840 840 850 $2,000 815 $1,700 $1,400 $1,100 $800 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 122 '23E 24E 25E Source: Japan Ministry of Land, Infrastructure, Transport and Tourism; Bloomberg North America Lumber Imports (000 m³) '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 122 '23 Source: Random Lengths: Green Douglas Fir Baby Squares Merch 4-1/8x4-1/8 RL S4S, c.&f. dest. Japan Hemlock Lumber Prices to Japan (US$ per mfbm) 1,200 $2,000 1,025 1,020 1,000 $1,750 802 765 800 703 $1,500 668 611 600 527 $1,250 428 392 351 341 400 $1,000 200 $750 0 $500 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 LTM Sept-30 '12 '13 '14 '15 '16 '17 '18 '19 120 '21 '22 '23 ■Canada Hemlock ■Canada Douglas Fir ■U.S. Douglas Fir Source: Japan Lumber Importers' Association Source: Random Lengths: Green Hem Baby Squares Merch 4-1/8x4-1/8 13' S4S, c.&f. dest. Japan 50 50

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