Investor Presentaiton

Tissue Papers - Strategically Positioned The majority of our RETAIL TISSUE business is in growing segments. (5-year CAGR) Total Paper Private Label Cascades' Retail Tissue Others 5% 3% 4% 4% Drug: (0.5%) 4% 1% 1% 5% 5% 11% Online: 22.6% 4% 5% Dollar: 3.7% 16% 12% 23% Grocery: (2.2%) 20% 42% Mass merch: 1.4% 26% 49% 33% Club: 5.8% 29% Retailer landscape (2021 YTD Sales, CAN$) ~60% of Private Label volume is sold in Club and Mass Merchandiser customer segments Majority of Cascades' Retail tissue share is in the Private Label segments Club and Mass merchandiser Cascades has more exposure to Mass merchandiser and Dollar segments compared to the market Cascades has lower exposure to grocery segment than the market Consumers increasingly brand agnostic, willing to purchase Private Label Source: Cascades; Neilson data market reports 29

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