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Investor Factsheet INVESTOR FACTSHEET DOMTAR CONTINUES TO BUILD ON ITS CAPABILITIES AND EXECUTE A WELL-DEFINED STRATEGY TO MAXIMIZE THE VALUE OF EACH OF ITS BUSINESSES. LED BY A STRONG TEAM, DOMTAR IS WELL POSITIONED TO DRIVE GROWTH, RETURN CAPITAL TO SHAREHOLDERS AND REACH THE NEXT STAGE IN ITS EVOLUTION AS A LEADING NORTH AMERICAN PULP AND PAPER COMPANY AND TRANSFORMING INTO A MAJOR PACKAGING PLAYER IN NORTH AMERICA. PAPER PULP PACKAGING ■ Maintain strong market ■ Leading market position with ■ Potential capacity of 2.8M tons leadership exposure to attractive growth over time categories (i.e. tissue, hygiene) ■ Favorable supply dynamics ■ Differentiated commercial ■ Continuing to focus on low risk / strategy enabling independent ■ Low cost mills and highly cash generative business high ROIC investments to bring converters to win in the assets towards 1ST quartile and marketplace drive stable growth ■ Low cost mills with limited future ■ Modernize, integrate and optimize ■ Domtar’s strong balance sheet and cash capital requirements platforms in order to drive pulp mills flows support investments towards 1st quartile cash costs ■ Only paper supplier in North America ■ Strong packaging team already in place with a national presence and truly ■ Debottleneck, improve energy with deep understanding of the market committed to paper efficiency and make several additional ■ Ability to leverage our extensive upgrades at four of our mills ■ Major paper buyers seeking to pivot network of existing relationships more volume towards Domtar and Solidifying Domtar ■ Large addressable market across increasingly looking to develop long as one of the most competitive independent converters, converters term relationships suppliers of premium pulp with mill affiliations, etc. in the world Top performer with Unleash growth highly resilient and strong potential of independent cash flows in all market converters currently constrained conditions by integrated producers with opportunity for joint ventures APRIL 2021 DOMTAR INVESTOR FACTSHEET 1/4 BUSINESS OVERVIEW PAPER PULP PACKAGING Communication Papers Specialty Papers BUSINESS, THERMAL, PAPERGRADE, WE WILL CREATE A COMMERCIAL PRINT TECHNICAL FLUFF, SPECIALTY PULP TRANSFORMATIVE AND PUBLISHING AND SPECIALTY AND AIRLAID NONWOVENS LOW-COST PACKAGING PAPERS PACKAGING PAPERS PLATFORM IN NORTH AMERICA Proven track record of successful large-scale mill conversions 54% 16% 30% Highly competitive packaging of 2020 sales of 2020 sales of 2020 sales assets with potential capacity of 2.8M tons Flexibility to build a business tailored to take advantage of future trends of the industry MANUFACTURING MANUFACTURING CAPACITY CAPACITY Targeting a diversified portfolio BY REGION BY REGION of independent packaging U.S. 68% companies U.S. 58% Canada 32% Canada 42% Significant optionality in repurposing roadmap Ability to respond to evolution of paper demand SALES SALES and packaging market BY REGION BY REGION conditions U.S. 85% U.S. 38% Canada 9% China 27% Europe 6% Other 16% DIFFERENTIATED VALUE Europe 11% PROPOSITION TO DE-RISK Mexico 6% OUR PACKAGING Canada 2% STRATEGY Large addressable market across SHIPMENTS SHIPMENTS independents, converters with BY GRADE BY GRADE mill affiliations, etc. Communication 82% Softwood 58% Preliminary discussions with Specialty and Fluff 38% potential customers validate our Packaging 18% Hardwood 4% value proposition APRIL 2021 DOMTAR INVESTOR FACTSHEET 2/4 CURRENT FOOTPRINT AND ASSET OPTIONALITY CORPORATE OFFICES Fort Mill, South Carolina Montreal, Quebec PULP & PAPER DIVISION HEADQUARTERS Fort Mill, South Carolina B UNCOATED FREESHEET A (Annual paper manufacturing C capacity in short tons) Espanola, Ontario (69,000 tons) Hawesville, Kentucky (596,000 tons) CONVERTING AND REGIONAL Converted facilities will be competitive Johnsonburg, Pennsylvania DISTRIBUTION – ONSITE REPLENISHMENT and well located to serve domestic and (344,000 tons) Ashdown, Arkansas CENTERS – CANADA export markets. Marlboro (Bennettsville), Rothschild, Wisconsin Richmond, Quebec South Carolina (274,000 tons) Windsor, Quebec Toronto, Ontario ASHDOWN, AR A Nekoosa, Wisconsin Winnipeg, Manitoba Market pulp capacity: (168,000 tons) CONVERTING AND FORMS 400,000 tons Rothschild, Wisconsin (131,000 tons) MANUFACTURING REPRESENTATIVE ~ 700,000 tons of kraftliner board OFFICE – INTERNATIONAL Windsor, Quebec Addison, Illinois (642,000 tons) Brownsville, Tennessee Hong Kong, China Dallas, Texas HAWESVILLE, KY B MARKET PULP DuBois, Pennsylvania LOCAL DISTRIBUTION Uncoated freesheet capacity: Owensboro, Kentucky CENTERS (Annual pulp manufacturing 596,000 tons Rock Hill, South Carolina capacity in air-dried metric tons) Buffalo, New York ~ 580,000 tons of kraftliner board Tatum, South Carolina Ashdown, Arkansas Cincinnati, Ohio ~ 320,000 tons of recycled medium Washington Court House, Ohio (775,000 tons) Cleveland, Ohio West Carrollton, Ohio Dryden, Ontario Denver, Colorado (327,000 tons) Des Moines, Iowa MARLBORO, SC C ARIVA – CANADA Uncoated freesheet capacity: Kamloops, British Columbia Omaha, Nebraska 274,000 tons (408,000 tons) Halifax, Nova Scotia Phoenix, Arizona Montreal, Quebec Plymouth, North Carolina Plain City, Ohio Option-1 (390,000 tons) Mount Pearl, Newfoundland Salt Lake City, Utah ~ 600,000 tons of kraftliner board and Labrador San Antonio, Texas Ottawa, Ontario Option-2 PACKAGING San Lorenzo, California Quebec City, Quebec ~ 315,000 ADMT of fluff pulp St. Louis, Missouri Kingsport, Tennessee1 Toronto, Ontario Vancouver, Washington Walton, Kentucky MATERIALS REGIONAL Wisconsin Rapids, Wisconsin Jesup, Georgia REPLENISHMENT CENTERS – UNITED STATES CHIP MILLS Charlotte, North Carolina Chicago, Illinois Hawesville, Kentucky Dallas, Texas Johnsonburg, Pennsylvania Delran, New Jersey Marlboro (Bennettsville), South Carolina Indianapolis, Indiana Jacksonville, Florida Mira Loma, California Seattle, Washington 1 We plan to enter the containerboard market with the conversion of our Kingsport paper machine. Once in full operation, the mill will produce and market approximately 600,000 tons annually of high-quality recycled linerboard and medium, providing us with a strategic footprint in a growing market. The conversion is expected to be completed by the end of 2022. APRIL 2021 DOMTAR INVESTOR FACTSHEET 3/4 SUSTAINABILITY HIGHLIGHTS 61% REDUCTION 73% RENEWABLE ENERGY 27% REDUCTION in total direct in recordable safety incidents used in our pulp and paper mills.* greenhouse gas emissions and indirect since 2008, our 9th consecutive Industry average = 65 percent.** emissions from purchased energy at our year our recordable pulp and paper mills since 2010. incident rate has been below 1.00. An equivalent of 71% of the electricity used in our pulp 0.6% 0.8% MANUFACTURING 3.3%0.9% and paper mills was self-generated. ENERGY SOURCES Industry average = 55 percent.** Total Energy Use = 147.65 Million Gigajoules 5.2% VOLUNTARY 19.5% EMPLOYEE TURNOVER RATE Biomass compared to 13.5 percent for the 71% Natural Gas U.S. Manufacturing & Distribution of pulp and paper mill Purchased Electricity (Net) 74.9% * Industry average. manufacturing byproducts Coal *2018 Turnover Report, were beneficially used. Purchased Steam (Net) Compdata Surveys & Consulting. Industry average = 46 percent.*** Other *Net of renewable energy and attribute sales. **2020 American Forest & Paper Association Sustainability Report. ***2020 American Forest & Paper Association Sustainability Report, Additional Environmental Indicators. SELECTED FINANCIAL FIGURES Years ended December 31 2018 2019 2020 (In millions of dollars unless otherwise noted) Sales 4,565 4,369 3,652 Operating income (loss) 395 179 (177) Net earnings (loss) 283 84 (127) Cash flows from operating activities 554 442 411 Capital expenditures 195 255 175 Free cash flow1 359 187 236 Total assets 4,925 4,903 4,856 Long-term debt, including current portion 853 938 1,097 Net debt-to-total capitalization ratio1 23% 27% 26% Total shareholders’ equity 2,538 2,376 2,260 Weighted average number of common shares outstanding in millions (diluted) 63.1 61.4 55.4 1 Non-GAAP financial measure. For a reconciliation to GAAP financial measures, please refer to earnings in the investor section at www.domtar.com. ANALYST COVERAGE SHAREHOLDER INFORMATION Bank of America/Merrill Lynch George Staphos Common Stock Investor Relations Domtar Corporation Nicholas Estrela Bank of Montreal Mark Wilde Director, Investor Relations Symbol: UFS (NYSE; TSX) CIBC Hamir Patel [email protected] CUSIP: 257559203 Citigroup Anthony Pettinari To find out more about Shares Outstanding Domtar and its people, KeyBanc Adam Josephson UFS: 50,242,792 products and operations, Raymond James Daryl Swetlishoff (March 31, 2021) go to: domtar.com RBC Capital Markets Paul Quinn Transfer Agent Computershare Investor Services Scotia Capital Benoît Laprade North American Toll Free Stephens Mark Connelly Number: 1-877-282-1168 Tel.: 1-781-575-2879 TD Securities Sean Steuart www.computershare.com APRIL 2021 DOMTAR INVESTOR FACTSHEET 4/4.
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