Investor Presentaiton

Western Forest Products: Historical Financial Snapshot - Annual Revenue ($ millions) Adjusted EBITDA ($ millions) $1,418$1,444 Strike $1,037 $1,082 $1,187 $1,143 $1,197 Impacted (1) $965 $808 '14 '15 '16 '17 '18 '19 Lumber Shipments (MMfbm) '20 $1,062 $302 WFP Strike Impacted (1) $148 $153 $144 $109 $117 $137 $117 ($2) 21 '21 '22 LTM '14 '15 '16 '17 '18 '19 '20 Adjusted EBITDA Margin % ($41) 21 '21 '22 LTM 21.3% 909 935 883 880 840 Strike Impacted (1) Strike Impacted (1) 782 716 13.3% 12.5% 12.0% 12.1% 585 606 10.5% 10.8% 548 9.5% '14 '15 '16 '17 '18 '19 '20 '21 '22 LTM -0.2% -3.8% '14 '15 '16 '17 '18 '19 '20 '21 '22 LTM (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 62 52

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