Investor Presentaiton
WFP
Specialty Products Focus
Approximately 75% of
WFP Average Lumber Price vs. Commodity Lumber Price
(C$ per mfbm)
lumber revenue is
$1,800
generated from non-
$1,400
commodity products
$1,000
Typically a significant
price premium to
commodity lumber
$600
$200
Product market
diversity and global
exposure provide
opportunities to
maximize margin
(1) KD Western SPF 2x4, #2&Btr; converted from US$ to C$
Strike Impacted
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
'17
'18
'19
'20
'21
'22
WFP Average Lumber Price
Commodity Lumber Price (1)
Quarterly Lumber EBITDA Margin Comparison
55%
40%
25%
10%
-5%
-20%
-35%
Strike Impacted
'23
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
'17
'18
'19
'20
'21
'22
(2)
Peer Group Range
Western Forest Products
'23
(2) High and low EBITDA margin range of West Fraser and Canfor lumber segments and consolidated results of Interfor and Conifex; excludes duty recoveries
Specialty Wood Products Focused Company
WFP
WFP
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