Investor Presentaiton

Algoma Central - Provider of Critical Maritime Infrastructure ■ Incorporated in 1899 as the Algoma Central Railway Company, Algoma Central Corporation ("Algoma" or the "Company") owns and operates the largest fleet of dry and liquid bulk carriers on the Great Lakes - St. Lawrence Waterway - Leader in the shipment of bulk commodities in the Great Lakes and specialized markets internationally Provides maritime transportation services that are a core, necessary component of its customers' supply chains High barriers to entry protect Algoma's market leadership position Ownership interest and management of approximately 83 vessels Large, modern and well-maintained fleet with a replacement value of $2bn, of which $1.3bn is related to the Company's core domestic specialized fleet Long operating track record with over 70 years of uninterrupted profitability ■ LTM results (1): Revenue of $560million and Adj. Basic EPS of $1.21 ■Listed on the TSX since 1959 (TSX: ALC) ■ Headquartered in: St. Catharines, Ontario, Canada with ~1,500 employees Business Unit Summary CY2019 EBITDA Breakdown by Business Unit 31% 12% 36% 21% Domestic Dry-Bulk Domestic Product Tankers Ocean Self-Unloaders Global Short Sea Shipping ALGOM CORP ENTRAL Great Lakes, St. Lawrence Waterway, and Atlantic Canada Domestic Dry-Bulk ■ Versatile fleet of dry-bulk vessels comprised of both self-unloading carriers and gearless bulkers Domestic Product Tankers ■ Safe and reliable transportation services for liquid petroleum products with a fleet of tanker vessels International Niche Markets / Trades Ocean Self-Unloaders Transport of dry-bulk commodities centered in North and South America with a unique fleet of ocean-going self- unloading vessels Global Short Sea Shipping ■Three 50% JVs with NovaMarine; includes specialized cement carriers, short sea mini bulkers, and deep sea bulkers 8 (1) LTM figures at Sept. 30, 2020. Source: Company filings Your Marine Carrier of Choice T

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