Investor Presentaiton

Specialty Products - Quarterly Performance Quarterly Operating Income & Adjusted OIBD¹ (M CAN$) 14% 12% 14 18 Q2 2021 14% 14% 24 15% 25 21 22 20 17 17 13 Q3 2021 Q4 2021 Q1 2022 Adjusted OIBD Operating Income Quarterly Sales (M CAN$) Q2 2022 Adjusted OIBD / Sales % 131 144 151 157 168 Q2 2022 adjusted OIBD1 of $25 M was the third consecutive record quarterly level and increased 14% sequentially and 39% versus prior year. Industrial packaging: stronger sequential results reflect higher volume and selling price and more favourable sales mix, the benefits of which offset the impact of higher costs of raw materials, production supplies and transportation. Moulded pulp: slightly stronger results compared to Q1 driven by higher volumes and implementation of price increases neutralizing higher raw material, energy and transportation costs. Rigid and flexible plastics: lower sequential results reflect higher costs for raw material, production supplies and logistics, ahead of contractual price change mechanisms coming into effect to offset the impact of these factors on results. Continuing labour constraints also affected efficiency levels in the quarter. Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 (1) Please click here for supplemental information on non-IFRS measures and other financial measures. 21

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