West Fraser Timber Co. Ltd. · TSX:WFG

West Fraser Timber — Shareholder Meeting (April 2021)

15 slides from West Fraser Timber's shareholder meeting presentation, April 2021

  1. Slide 1: AGM Presentation April 2021

    AGM Presentation April 2021

  2. Slide 2: Forward Looking Statements

    Forward Looking Statements 2 General: This presentation contains “forward-looking information” and “forward-looking statements” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchan

  3. Slide 3: The Ketcham brothers in 1955: Sam, Pete and Bill

    3 The Ketcham brothers in 1955: Sam, Pete and Bill.

  4. Slide 4: West Fraser Total Shareholder Return

    West Fraser Total Shareholder Return 4 TSR Dec 30 2005 to Apr 12 2021 14% 11.6% 12% 10.4% 9.7% 10% 8% 6.6% 6.5% 6.1% 6.1% 6% 4.3% 4% 2% 0% West Fraser S&P 500 S&P/TSX FTSE All- Competitor A Competitor B Competitor C Competitor D share  Consistent, straightforward business plan  Loyal, long-term em

  5. Slide 5: Summary

    Summary 5 2020 Recap Looking Forward  Manageable operational impact due to COVID-19  Fundamentals for wood product demand continue to remain favorable  Results buoyed by strong lumber and panel pricing  Successful integration of Norbord  Safety and cost improvement from capital  Continued focu

  6. Slide 6: Building a Diversified Global Wood Products Leader

    6 Building a Diversified Global Wood Products Leader • West Fraser’s diverse wood products portfolio expanded with the addition of a leading global EMPLOYEES WORLDWIDE LUMBER MILLS PULP & PAPER 850 GWH RENEWABLE MILLS ENERGY FACILITIES oriented strand board (OSB) producer • Created the destination p

  7. Slide 7: More Relevant, Efficient and Valuable to Principal Customer Segments

    More Relevant, Efficient and Valuable to Principal Homebuilder, 7 Building Construction and Pro-Dealer Customer Segments

  8. Slide 8: Operating Footprint Expanded to Two Continents

    Operating Footprint Expanded to Two Continents 8

  9. Slide 9: North American Wood Product Demand

    North American Wood Product Demand 9 North America Lumber End Use 2020 Domestically Produced Panel Consumption 2019 Non-residential Other 22 20.9 MDF 6% 20 Particleboard SW Plywood HW Plywood OSB 22% 18 Industrial New 16 23% Residential 14.0 30% 14 24% Bsf-3/8” 12 18% 10 19% 8 80% 6.6 6 28% 22% 4 3.

  10. Slide 10: Demand Conditions for Wood Building Products and Fiber

    10 Demand Conditions for Wood Building Products and Fiber US Housing Starts (000) Leading indicator of US Remodeling Activity 1800 $400 14% $B 4 Qtr Moving Improvements and Repairs 1700 $350 12% 4 Qtr Moving rate of Change 1600 $300 10% 1500 $250 8% 1400 $200 6% 1300 $150 1200 4% $100 1100 $50 2% 10

  11. Slide 11: North American Lumber Production Mix Continues Shift to US South

    11 North American Lumber Production Mix Continues Shift to US South 90 25 US Housing US Housing Starts Starts 80 2.1 Million 1.4 Million 20 70 60 15 Billion BF Billion BF 50 40 10 30 20 5 10 0 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Canada US US South (R axi

  12. Slide 12: Responsible, Renewable and Climate-Smart West Fraser

    Responsible, Renewable and Climate-Smart 12 West Fraser Norbord Combined West Carbon Stored in Carbon stored in wood products 9.4 million 5.8 million 15.2 million Products (2019: in tCO2e) Fraser delivers GHG Emissions Scope 1 and 2 GHG emissions 1,494.0 662.4 2,156.4 (2019, thousands of tCO2e) clim

  13. Slide 13: Capital Allocation Lookback

    13 Capital Allocation Lookback 98% of cash 29% of cash returned to generated is shareholders through from operations, dividends and buybacks 2% from increased 14% of leverage over 5 cash was years retained 41% of cash reinvested in 2% of cash to operations, 13% to growth, debt service 54% of cash ba

  14. Slide 14: Key Expansion Projects

    Key Expansion Projects 14 Dudley, Georgia Lumber Complex Chambord, Quebec OSB Mill Re-start • Dudley lumber mill being commissioned and ramping up • New site expected to be operational by the end of Q2 2021 • Chambord OSB mill completed • Once completed and fully ramped up, commissioning and panels

  15. Slide 15: West Fraser Timber Co. Ltd.

    West Fraser Timber Co. Ltd. 15 These materials have been prepared by Management of the Company. No regulatory authority has approved or disapproved TSX and NYSE: WFG of the contents of these materials. These materials do not constitute an offer to sell or the solicitation of an offer to buy any secu

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