Cascades (CAS) Investor Presentation summary

Mission, vision, and sustainability

• Focus on improving well-being through sustainable, innovative solutions that create value for people, communities, and the planet.

• Ambitious 2021–2025 action plan with SBTI-approved GHG reduction targets and 100% renewable electricity by 2030.

• Commitment to eco-designed, recyclable, compostable, or reusable packaging by 2030.

• Emphasis on responsible procurement, community involvement, and employee wellness.

Investment thesis and operational platform

• Modernized asset base and agile go-to-market approach support value creation and sustainability.

• Bear Island mill in Virginia produces 100% recycled lightweight containerboard.

• Diversified North American operations with 7 packaging mills, 32 manufacturing plants, 10 tissue facilities, and 17 recovery centers.

Market position and segment overview

• Leading containerboard and tissue paper producer in Canada; #6 and #7 in North America, respectively.

• 2024 packaging sales: $3.0B, EBITDA(A): $410M (13.6% margin), 90% utilization.

• 2024 tissue sales: $1.5B, EBITDA(A): $192M (12.4% margin), 95% utilization.

• Packaging portfolio features up to 100% recycled fibers and innovative specialty products.