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Investor Presentaiton

North American Statistics: Lumber Prices North American Commodity Lumber Prices (US$ per mfbm) $1,800 WFP Hem-Fir, Coast Commodity Lumber Price (US$ per mfbm) Forecast $1,400 $1,000 $600 $200 '12 '13 '14 '15 '16 '17 '18 Coast Hem-Fir (1) '19 '20 '21 '22 '23 '24 ----- Western SPF (2) (1) (2) Source: Random Lengths; Forest Economic Advisors Coast KD Hem-Fir #2 & Btr 2x4, net f.o.b. mill KD W S-P-F #2&Btr 2x4 random mill prices $916 Average ('23 '27): $614 $846 Average ('16-'20): $446 $754 $721 $640 $597 $518 $488 $425 $377 $341 $437 '16 '17 '18 '19 '20 '21 '22 '23E '24E '25E '26E '27E Other North American Lumber Prices (US$ per mfbm) $2,250 $1,750 $1,250 $750 $250 '12 '13 '14 '15 '16 '17 '18 '19 '20 Douglas Fir Timbers '21 221 Source: Random Lengths -----White Fir Shop (2) Green Douglas Fir (Portland) #1&Btr 100% FOHC 6x6 Rough (1) (2) KD White Fir Shop Moulding&Btr C&Btr 5/4 S2S ñ '22 '23 Source: Forest Economic Advisors (May 2023); KD #2 & Btr 2x4, net f.o.b. mill Douglas Fir, Commodity Lumber Price (US$ per mfbm) $977 $920 Average ('23 - '27): $672 $792 $831 $703 Average ('16 '20): $493 $668 $558 $533 $469 -$417 $377 $474 '16 '17 '18 '19 '20 '21 '22 '23E '24E '25E '26E '27E Source: Forest Economic Advisors (May 2023); KD #2 & Btr 2x4, net f.o.b. mill 48
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