Investor Presentaiton

North American Statistics: Lumber Prices WFP Hem-Fir, Coast Commodity Lumber Price North American Commodity Lumber Prices (US$ per mfbm) $1,800 $1,400 (US$ per mfbm) Forecast $1,000 $600 $200 '12 13 '14 '15 '16 '17 M '18 '19 '20 '21 '22 '23 (1) (2) Coast Hem-Fir ---.. - Western SPF (1) (2) Source: Random Lengths; Forest Economic Advisors Coast KD Hem-Fir #2 & Btr 2x4, net f.o.b. mill KD W S-P-F #2&Btr 2x4 random mill prices Other North American Lumber Prices (US$ per mfbm) '24 24 $2,250 $1,750 $1,250 $750 $250 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 Douglas Fir Timbers '23 (1) (2) ---White Fir Shop Source: Random Lengths Green Douglas Fir (Portland) #1&Btr 100% FOHC 6x6 Rough (1) (2) KD White Fir Shop Moulding&Btr C&Btr 5/4 S2S $916 Average (23- '27): $574 $846 Average ('16-'20): $446 $727 $720 $597 $546 $488 $425 $377 $454 $424 $341 '16 '17 '20 '21 '22 '23E '24E '25E '26E '27E '18 '19 Source: Forest Economic Advisors (November 2023); KD #2 & Btr 2x4, net f.o.b. mill Douglas Fir, Commodity Lumber Price (US$ per mfbm) $977 $920 Average ('23 - '27): $636 $802 $792 Average ('16 '20): $493 $668 $596 $533 $469 $377 $417 $493 $499 T T '16 '17 '18 '19 '20 '21 '22 '23E '24E '25E '26E '27E Source: Forest Economic Advisors (November 2023); KD #2 & Btr 2x4, net f.o.b. mill 48

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