Blackwells Capital Activist Presentation Deck

VALUATION SCENARIOS Projected Share Price Scenarios + 5.3% dividend yield $25.50 $24.50 $23.50 $22.50 $21.50 $20.50 $19.50 $18.50 $17.50 $16.50 $15.50 $14.50 $13.50 1/1/2021 12/1/2020 2/1/2021 3/1/2021 4/1/2021 BW BLACKWELLS CAPITAL 1 5/1/2021 1 6/1/2021 7/1/2021 8/1/2021 Returns calculated from WPT Industrial closing share price on 12/31/2020 per Bloomberg. 9/1/2021 10/1/2021 Strictly Confidential & Trade Secret Cases 1 1 I 1 11/1/2021 1 1 1/1/2022 12/1/2021 Interloper Upside Potential Take Private Range 2/1/2022 3/1/2022 5/1/2022 4/1/2022 6/1/2022 $25.98 High +81% Case $20.15 +40% Take Private High End $17.27 Take Private +20% Low End 78

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