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Investor Presentaiton

Historical Reference Prices and Fibre Costs These indexes should only be used as an indicator of trends and they may be different than our actual selling prices or purchasing costs. Selling Prices (average) PACKAGING PRODUCTS Containerboard (US$/short ton) Linerboard 42-lb. unbleached kraft, Eastern US (open market) Corrugating medium 26-lb. semichemical, Eastern US (open market) Specialty Products (US$/shortton) TISSUE PAPERS (US$/short ton) Q1 2020 22 2 Q2 Q4 Year Q1 Q2 8 Q2 2022 vs. 2021 2022 Q2 2021 Q2 2022 vs.Q1 2022 Q4 Year Q1 Q2 (units) (%) (units) (%) 715 615 615 615 648 223 715 715 748 723 772 825 858 875 833 895 935 623 675 735 775 795 745 818 865 1330 330 110 13% 40 4% 18% 47 6% Uncoated recycled boxboard - 20-pt. bending chip (series B) 710 700 700 720 708 740 793 867 980 845 1,027 1,067 274 35% 40 4% 1,111 1,138 1,123 1,110 1,416 1,450 1,427 1,418 1,120 1,115 1,159 1,170 1,178 1,156 1,428 1,453 1,550 1,544 1,511 1,515 1,213 1,271 1,504 1,597 112 10% 58 5% 47 3% 93 6% Parent rolls, recycled fibres (transaction) Parent rolls, virgin fibres (transaction) Raw Material Prices (average) RECYCLED PAPER North America (US$/short ton) Sorted residential papers, No. 56 (SRP - Northeast average) Old corrugated containers, No. 11 (OCC - Northeast average) Sorted office papers, No. 37 (SOP - Northeast average) VIRGIN PULP (US$/metric ton) Northern bleached softwood kraft, Canada Bleached hardwood kraft, mixed, Canada/US 8 18 33 39 24 44 59 36 93 58 59 61 79 89 160 109 80 109 108 108 102 162 167 94 117 153 173 ཨུཙུ 80 98 107 127 140 137 134 205 235 48 81% 9 9% 35 34% 118 101% (3) (2%) 30 15% 1,127 1,158 1,140 1,138 1,141 1,302 1,598 1,542 1,472 1,478 1,527 1,743 890 897 875 868 883 1,037 1,297 1,320 1,262 1,229 1,312 1,517 145 9% 220 17% 216 14% 205 16% Source: RISI 46
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