PitchSend

Investor Presentaiton

Margin Strategy / Fibre and Processing Flow Chart Standing Timber Log Availability Margin Decision WFP Market Segments Diverse and Unique Species Mix Log Markets Domestic Log Markets Hemlock / Balsam Allowable Annual Cut² (AAC) For Logs ~6.0 million m3 External Log Sales ~34% of Logs Sold (by volume)1 Export Log Markets Pulp Log Markets Western Red Cedar Douglas Fir Yellow Cedar Spruce Raw Inputs + Log Purchases¹ (~1.1 million m³) (1) 5-year average from 2015 to 2019, including strike impacted 2019 (2) As of December 31, 2019 Lumber Segments Western Red Cedar Internal Log Consumption Japan Specialty Niche ~66% of Logs Processed at WFP sawmills and custom cut division¹ Commodity Timber resource is directed to highest margin opportunity Finished Products/Sales 17

View entire presentation