Investor Presentation

The North American Envelope Market is in Secular Decline Market Size -Sales Competitive Landscape Primary Competitors Through internal growth and acquisitions, Supremex is now the second largest manufacturer in North America Canadian Envelope Market • $140M(1) Supremex is a leading player in the market Comprised of both domestic and foreign manufacturers • . Foreign players are almost exclusively U.S.-based Approximately 5 domestic players Enveloppe Concept Enveloppe Laurentide (combined sales of ~$15M) (1) • U.S. Envelope Market US$2.0B(2) • Fragmented Supremex has approx. 6-7% of the addressable market (1) Significant volume in the Northeast and Midwest Can reach 70% of the U.S. market with existing footprint (1) Cenveo • Tension Envelope IWCO Direct Internet-based electronic bill COVID-19 pandemic: general mail and a reduction in demand for direct and marketing mail, primarily in the U.S Market Trends • Bill consolidation • . (1) According to Management estimates (2) According to the Envelope Manufacturers Association (EMA) The U.S. market is declining much slower than in Canada 21 21

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