Investor Presentaiton

Third Quarter 2023 Results Highlights Announced an agreement to sell a 34% interest in a newly formed Limited Partnership to four First Nations for $34.9 million $ Revenue Celebrated our one year anniversary of Calvert engineered wood products acquisition Completed installation of our machine stress rated lumber grader to support increased product value and mass timber market growth Adjusted EBITDA WFP $231.1 Million ($11.6) Million "While our results in the quarter reflect the continued challenging operating environment and cost structure in our British Columbia operations, we are encouraged by the progress we've made in repositioning our business for the future. The agreement announced with the Tlowitsis, We Wai Kai, Wei Wai Kum and K'ómoks First Nations is a significant step forward. This partnership will provide a collaborative forest stewardship and business model that is key to the operational stability in Coastal BC that we need to support reinvestment, and we are excited to move it forward." - Steven Hofer, President & CEO Adjusted EBITDA % Lumber Shipments (5.0%) 130 Million Board Feet Net Debt (End of Q3/23) $59.5 Million Challenging Market Conditions Continued to Impact Results 27 27

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