Mercer International : 2022 RBC Capital Markets Forest Products Virtual Conference

Exceptional people creating bioproducts for a more sustainable world

Forward-looking Statements

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking

statements

Certain information included in this presentation contains statements that are forward-looking, such as statements relating to results of operations and financial conditions, market expectations and business development activities, as well as capital spending and financing sources

Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of Mercer

For more information regarding these risks and uncertainties, review Mercer's filings with the United States Securities and Exchange

Commission. Unless required by law, we do not assume any obligation to update forward-looking statements based on unanticipated events or changed expectations

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Our tolerance of pollution and carbon emissions is rapidly

diminishing

Sustainably sourced biomaterials, including wood fiber and derivatives are part of the solution. However, supply is not boundless, and only the most efficient and innovative producers and products will be capable of meeting demand

Our 4-element strategy for adding value

Sustainable Products,	World-class Assets	Growth and	Prudent, but Agile,
Processes, People	and Innovation	Diversification	Capital Management

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A Growing Spectrum of Sustainable Bioproducts

Construction	Mass	Shipping	Kraft	Biomass	Renewable	Bio-based
Lumber	Timber	Pallets	Pulp	Fuel	Electricity	Extractives

Lumber produced	Innovative, low-	Pallet production	NBSK + NBHK from	Wood residuals	Highly efficient bio-	Full utilization of
from sustainably	carbon alternatives	from non-lumber	sustainably managed	used to produce	refineries produce	wood extractives
harvested and	to traditional	grade wood	forests used to	pellets, a bio-based	surplus renewable	produces tall oil
certified forests	construction	diversifies product	produce tissue,	heating	electricity and green	and turpentine to
	materials such as	mix and maximizes	recyclable graphic	replacement for	bio-fuel energy as	displace fossil
Friesau:	concrete and steel	wood use	paper and packaging	fossil fuels	an alternative to	fuels
~550 MMfbm			alternatives to plastic		fossil fuels
		Torgau is the world's
Torgau:	140,000 m3 CLT	largest EPAL pallet	2,265,000 ADMT	150,000 tonnes	431.5 MW (1)	2021 Revenue
~410 MMfbm	equivalent	producer	NBSK + NBHK			$7.3 million (2)

	Primary Wood Products	Fiber and Biomaterials
1)	Includes Mercer Torgau	4
2)	Excludes Santanol revenue

Building a Platform for Growth

1994: Acquisition of Rosenthal mill

1999: Rebuild of Rosenthal mill

2004: Stendal greenfield construction 2005: Acquisition of Celgar mill

2007: Celgar "Project Blue Goose"

2010: Celgar "Green Energy Project"

2013: Stendal "Blue Mill" expansion and "Green Energy Project"

2014: Rosenthal tall oil plant

2017: Acquisition of Mercer Timber Products

2018: Acquisition of Peace River; Acquisition of Santanol

2019: Expansion of Mercer Timber Products sawmill

2020: Acquisition of Mercer Forestry Services

2021: Acquisition of Mercer Mass Timber; Stendal capacity expansion +80,000 ADMT

2022: Acquisition of Holzindustrie Torgau

Consolidated Revenue ($ millions) (1)(2)

2,400				Bio-extractives/Other
1,800				Solid Wood
				Green Electricity
1,200				Specialty Paper
600				Pulp	946	1,661
-				222
				2004			2015	Q3 2022 LTM

Holzindustrie Torgau Acquisition Completed September 30, 2022

• Grows sawn timber capacity by ~75% to 960 MMfbm and electricity generation by ~15MW
• Diversifies product mix with introduction of pallets and biofuels.
  Torgau is the world's largest producer of EPAL pallets
• Integrated operations will provide $16 million of synergies to existing German operations

1) Q3 2022 LTM excludes energy sales from 50% owned Cariboo mill	5
2) Wood products includes wood residual sales and sales from Mercer Mass Timber