Investor Presentation

(in millions of pieces) Transaction Mail Volume Trends in North America Transaction mail volume in Canada has steadily declined since 2017 3,203 3,016 2,824 2017 2018 2019 5-YR CAGR: (6.3%) 2,540 2,478 2,313 2022 2021 2022 Source: Canada Post Corporation 2017-2022 Annual Reports (in millions of pieces) First-class mail volume in the U.S. also decreased, but at a lesser rate 58,834 56,712 54,936 5-YR CAGR: (3.6%) 52,628 50,664 48,940 2017 2018 2019 2020 2021 2022 Sources: USPS, Annual Report to Congress 2017-2022 22

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