Slide 1: Q4/YE 2024 Investor Presentation
Q4/YE 2024 Investor Presentation March 17, 2025
Slide 2: Legal Disclaimer
Legal Disclaimer 2 This Presentation is being provided to you by GreenFirst Forest Products Inc. (“GreenFirst” or the “Company”) for informational purposes only. Cautionary Note Regarding Forward-Looking Information This Presentation includes information, statements, beliefs and opinions which are f
Slide 3: Overview
Overview Joel Fournier, Chief Executive Officer
Slide 4: Q4'24 Highlights
Q4’24 Highlights 4 Completion of rights offering in December 2024 raising $24.8 million Completion of the sale related of the Company’s 2021 and 2022 duties receivable resulting in proceeds of $US17.3 million ($24.8 million) Completion of the sale of Kenora land resulting in proceeds of $5.0 m
Slide 5: YE'24 Highlights
YE’24 Highlights 5 Stronger production in FY’24, which was slightly impacted by weather related events in Q4’24 Improved costs year-over-year Achieved over 30 production records in FY’24 Significantly reduced our SG&A in comparison to FY’23 Reduced our log inventory without compromising op
Slide 6: Lumber Pricing Random Lengths (Great Lakes)
Lumber Pricing Random Lengths (Great Lakes) 6
Slide 7: US Housing Starts Forecast
US Housing Starts Forecast 7 Source: FEA
Slide 8: Financial Summary
8 Financial Summary Peter Ferrante, CFO
Slide 9: YE'24 Financial Comparison
YE’24 Financial Comparison 9 1Adjusted EBITDA is a Non-GAAP measure and does not have standardized meaning under GAAP or IFRS. As a result, it may not be comparable to information presented by other companies. For an explanation and reconciliation of Adjusted EBITDA to related comparable financial i
Slide 10: Net Income Improvement – YE'24
Net Income Improvement – YE’24 10 EBITDA = 37,564 Net Income (Continuing Ops) 17,808
Slide 11: Cash Flow Breakdown YE 2024 (Combined Ops)
Cash Flow Breakdown YE 2024 (Combined Ops) 11 Cashflow from Investing = $19.7 Cashflow from Ops = ($23.9) Total Cash Increase $25.3 Cashflow from Financing = $29.6 11
Slide 12: GreenFirst Vision and Mission
GreenFirst Vision and Mission 12 Vision GreenFirst Forest Products aims to grow its business in the lumber sector and become one of the largest wood producer in Ontario. Mission To become one of the top quartile lumber producers in North America by prioritizing continuous improvement, strategic capi
Slide 13: Thank You
PRODUITS FORESTIERS GREENFIRST a. FOREST PRODUCTS (@™ GREENFIRST FoREST pRooUCTS
Slide 14: Questions & Answer
Questions & Answer PRODUITS FORESTIERS [9 GREENFIRST ——__ FOREST PRODUCTS GREENFIRST FoREST pRooUCTS