Mercer International : CIBC 25th Annual Western Institutional Investor Conference

Sustainable. By Design.

January, 2022

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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Building a Platform for Growth

1994

1999

2004

2005

2007

2010

2013

Acquisition of	Rebuild of	Stendal	Acquisition of	Celgar "Project	Celgar "Green	Stendal "Blue Mill"
Rosenthal mill	Rosenthal mill	greenfield	Celgar mill	Blue Goose"	Energy Project"	expansion and
		construction				green energy
						project

2014

2017

2018

2019

2020

2021

Rosenthal tall oil	Mercer Timber	Peace River	Mercer Timber	Mercer Forestry	Mercer Mass Timber
plant	Products	acquisition	Products	Services	CLT plant acquisition
Stendal minority	(Friesau) sawmill		(Friesau) sawmill	acquisition
interest buyout	acquisition	Santanol	expansion		Stendal capacity
		expansion +80,000
		acquisition
				tonnes

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Strategically Located Assets

Mercer

475,000 ADMT

70 MW energy

Cariboo Pulp & Paper (1)

170,000 ADMT NBSK

28.5 MW energy

Mercer Celgar

520,000 ADMT NBSK

100 MW energy

Mercer Forestry Services	Mercer Mass Timber	Peace River Logging	Santanol
Harvesting, hauling	140,000 m3 CLT	Harvesting, hauling	2,500 ha of Indian
	Finger-jointed lumber		Sandalwood

1. Reflects Mercer's 50% share of operations

Mercer Holz

Wood purchasing, harvesting,

hauling

Mercer Stendal

740,000 ADMT NBSK

148 MW energy

Mercer Rosenthal

ADMT NBSK

MW energy

Mercer Timber Products

(Friesau)

550,000 Mfbm lumber

13 MW energy

8 Core Values + 5 Strategic Pillars = Fit for Future

Advance World-	Grow and
class	Diversify in our
Operations	Core
	Competencies

Value 1: Health & Safety

Value 2: Trust, Integrity, and Transparency

Value 3: Boldness

Value 4: Pursuit of Excellence

Manage a	Strengthen our	Develop our
Prudent, but	Sustainability	Talent
Agile, Balance	Platform
Sheet

Value 5: Accountability

Value 6: Sustainability

Value 7: Innovation

Value 8: Diversity, Equity, and Inclusion

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