Investor Presentaiton

BALANCED CAPITAL ALLOCATION Disciplined, multi-faceted approach to capital allocation depending on the circumstances HISTORICAL CAPITAL DEPLOYMENT ($MM) (1) $1,000 $900 $800 $700 $600 $500 $400 $300 $200 $100 $- 2012 2013 2014 2015 2016 2017 2018 2019 2020 YTD 2021 Capex M&A Share Buy-Backs Special Dividend INTERFOR (1) M&A includes acquisitions of wood cutting right tenures in BC 28

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