Investor Presentation

Acquisition of Royal Envelope Corporation Geographic and addressable market expansion in the United States royal lithographers and envelope manufacturers Quick Facts • Concluded on November 1, 2022 • A leading envelope manufacturer and lithography company • Two facilities in the greater Chicago area • Sales of approximately US$38.8 million in the 12-month period ended June 30, 2022 Rationale • • • . Expands our reach in the fragmented U.S. envelope market with a significant presence in the Midwest Established itself as a preeminent direct mail envelope manufacturer in North America Gain access to the direct mail market Provides the necessary capacity and capabilities to support our envelope growth strategy in the U.S. Objectives • Grow our presence in the U.S. direct mail market, especially in the financial services sector Expand our presence westward in the U.S. market • Achieve significant synergies and additional operating efficiencies throughout our network 28

View entire presentation