Mercer International Inc. · NASDAQ:MERC
Mercer International — Shareholder Meeting (June 2026)
11 slides from Mercer International's shareholder meeting presentation, Jun 1, 2026
Slide 1: 2026 Annual Meeting of Shareholders
Mercer International Inc. Transforming biomass into bioproducts for a more sustainable world 2026 Annual Meeting of Shareholders June 1, 2026 William McCartney — Chairman Juan Carlos Bueno — President & Chief Executive OfficerRichard Short — Chief Financial Officer, Executive VP & Secretary
Slide 2: Forward-looking Statement
Forward-looking Statement HAT WE CONTROL Market forces shaped the year — but our respose is ours to own. • Disciplined cost reduction and efficiency gains The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking • Improved mill information For more reliabilit
Slide 3: Agenda
Agenda 1 Chairman’s Remarks Introduction of the meeting and officers 2 Notice of Meeting Affidavit of mailing of proxy materials 3 Report on Quorum Inspector’s report; meeting duly constituted 4 Presentation Review of 2025 results and business initiatives Voting on Matters of Business Three proposal
Slide 4: Operational Execution & Financial Discipline
Operational Execution & Financial Discipline 2025 was one of the most challenging years our industry has faced in some time — driven by factors largely beyond our direct control Trade & Tariff Uncertainty WHAT WE CONTROL April 2025 tariff announcements paused construction projects and weakened deman
Slide 5: Market Overview & Operational Milestones
Market Overview & Operational Milestones One Goal, One Hundred Pulp Segment • German mills: production strategically curtailed in response to fiber supply constraints — preserving value over the cycle • Peace River: continued operational progress and a strategic transition toward increased softwood
Slide 6: Capital Allocation & Efficiency
Capital Allocation & Efficiency Lumber Segment Mass Timber • Friesau remains one of our most competitive operations • Backlog ~$171M (Q1 2026); ~60% data center / hyperscaler projects • Advanced scanning technology being installed at Torgau in Q2 2026 to • Ramping Conway to two shifts, with Spokane
Slide 7: 2025 Financial Performance
2025 Financial Performance Operating EBITDA by Quarter ($US Million) $50 $47 Q4 2025 Results $40 • Q4 2025 net loss of $309M ($4.61/share) $30 • Non-cash impairments of $239M in Q4 ($216M long-lived $20 assets, $23M inventory) $10 $8 • $204M Peace River impairment — a U.S. GAAP requirement reflectin
Slide 8: Sustainability & Safety
Sustainability & Safety Advancing the transformation of our pulp mills into biorefineries with multiple sustainable revenue streams Peace River · Carbon Capture Rosenthal · Lignin Pilot Plant Stendal · Sustainable Aviation Fuel Svante carbon capture pilot operational; Building the knowledge base for
Slide 9: Market Expectations
Market Expectations Pulp Benchmark Prices by Region ($USD/ADMT) Lumber Sales ($USD/Mfbm) NBSK Europe (List) NBHK North America (List) NBHK China (Net) NBSK North America (List) NBSK China (Net) $600 $500 $2,000 $400 $1,500 $300 $1,000 $200 $500 $100 $0 $0 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2
Slide 10: Future Forward
Future Forward Control What We Can Control 2026 will present challenges, but our short-term strategy positions Mercer to weather the cycle and benefit as conditions improve 1 2 3 4 Complete Spend Wisely Execute Strengthen One Goal, One Hundred and Disciplined 2026 capital Reliability, quality and ex
Slide 11: Control What We Can Control
Control What We Can Control 2026 will present challenges, but our short-term strategy positions Mercer to weather the cycle and benefit as conditions improve Mercer International Inc. P: +1 (604) 684 1099 info@mercerint.com www.mercerint.com Suite 1120, 700 West Pender Street Vancouver, B.C. Canada
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