Investor Presentaiton

LUMBER DEMAND: KEY DRIVERS 1.7 1.6 1.5 1.4 1.3 1.2 1.1 1.0 0.9 0.8 0.7 0.6 0.5 0.4 0.3 0.2 0.1 Single-family US housing starts in 2021 are the highest since 2006 US HOUSING STARTS (MILLIONS SEASONALLY ADJUSTED) ■Single-Family ■Multi-Family 43 AGE OF US HOUSING STOCK (MEDIAN AGE IN YEARS) བྷ ཎྜ ཙྪི ཎྜ ཎྜེ ཎྜ ཏྟཾ ། རྩ ཤྲཱ ཎྜ རྨཱ དྷ ཙྩེ 』 ཇ ཎྜ ༔ 2016 2017 2018 INTERFOR 2019 2020 2021 37 35 2332 2 2 29 27 25 1993 1995 1997 1999 2001 Source: US Census Bureau & Forest Economic Advisors (FEA) 14 2003 2005 2007 2009 2011 2013 2015 2017 2019

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