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Investor Presentaiton

($ per share) Western Forest Products: Historical Share Price Performance And Price to Book WFP Historical Share Price Relative to Adjusted EBITDA ($ per share | $ millions) $3.50 $3.00 $2.50 $2.00 $1.50 $1.00 win Strike Impacted (1) $148 A $153 $109 $117 $144 $117 $0.50 ($2) $0.00 '14 '15 $16 '17 $18 '19 $20 20 Price to Book Ratio 3.0x 2.5x 2.0x 1.5x 1.0x 0.5x $302 $137 Current Share Price: $0.69(2) ($41) 24 '21 $22 LTM 0.38x(2) 0.0x 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Current: (1) All of Western's timberlands and most of our B.C. based manufacturing divisions were impacted by a strike by the United Steelworkers Local 1-1937 ("USW"), which commenced on July 1, 2019. On February 15, 2020, the USW members ratified a new 5-year collective agreement, which is effective as of June 15, 2019 and expires on June 14, 2024, ending the strike (2) Based on closing share price of $0.69 on November 10, 2023 55 59
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