Transcontinental : Investor Presentation - June 2023

Transcontinental Inc.

Investor Relations Presentation

June 2023

Notes to readers

In this document, unless otherwise indicated, all financial data are prepared in accordance with International Financial Reporting Standards (IFRS) and the term ''dollars'' as well as the symbol ''$'' designate Canadian dollars. In this document, we also use non-IFRS financial measures for which a complete definition and a reconciliation to financial information in accordance with IFRS is presented in Note 3 "Segmented Information" to unaudited interim condensed consolidated financial statements for fiscal year ended October 30, 2022. These measures should be considered as a complement to financial performance measures in accordance with IFRS. They do not substitute and are not superior to them.

Forward-looking information

Our public communications often contain oral or written forward-looking statements which are based on the expectations of management and inherently subject to a certain number of risks and uncertainties, known and unknown. By their very nature, forward-looking statements are derived from both general and specific assumptions. The Corporation cautions against undue reliance on such statements since actual results or events may differ materially from the expectations expressed or implied in them. Forward-looking statements may include observations concerning the Corporation's objectives, strategy, anticipated financial results and business outlook. The Corporation's future performance may also be affected by a number of factors, many of which are beyond the Corporation's will or control. These factors include, but are not limited to, the impact of digital product development and adoption on the demand for retailer-related services and printed products, the global economic environment, including inflation and recession risks and disruptions in the supply chain, the Corporation's ability to generate organic growth in highly competitive industries, the Corporation's ability to complete acquisitions and properly integrate them, the inability to maintain or improve operational efficiency and avoid disruptions that could affect its ability to meet deadlines, raw materials, transportation and consumed energy costs, availability of raw materials, the impact of a pandemic, an epidemic or an outbreak of an infectious disease on the Corporation's operations, operating results and financial position, cybersecurity and data protection, recruiting and retaining qualified personnel, the political and social environment as well as regulatory and legislative changes, in particular with regard to the environment or door-to-door distribution and use of plastic, changes in consumption habits related, in particular, to issues involving sustainable development and the use of certain products or services such as door-to-door distribution, loss of a major customer, customer consolidation, structural changes in the industries in which the Corporation operates, the safety and quality of its packaging products used in the food industry, the impact of economic cycles on product demand, data confidentiality, the protection of its intellectual property rights, bad debts from certain customers, import and export controls, exchange rate fluctuations, interest rates and availability of capital at a reasonable cost, litigation and respect of privacy, the impact of major market fluctuations on the solvency of defined benefit pension plans, taxation, including changes in tax legislation that could adversely affect profitability, disputes with tax authorities or amendments to statutory rates in force, and results of impairment tests on the value of assets. The main risks, uncertainties and factors that could influence actual results are described in the Management's Discussion and Analysis for the year ended October 30, 2022, and in the latest Annual Information Form.

Unless otherwise indicated by the Corporation, forward-looking statements do not take into account the potential impact of non-recurring or other unusual items, nor of disposals, business combinations, mergers or acquisitions which may be announced or entered into after the date of June 7, 2023. The forward-looking statements in this presentation are made pursuant to the "safe harbour" provisions of applicable Canadian securities legislation. The forward-looking statements in this presentation are based on current expectations and information available as at June 7, 2023. Such forward-looking information may also be found in other documents filed with Canadian securities regulators or in other communications. The Corporation's management disclaims any intention or obligation to update or revise these statements unless otherwise required by the securities authorities.

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• Company Overview
• Our Strategy
• Corporate Social Responsibility

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SAFETY

WE ARE COMMITTED TO PROVIDE A SAFE WORKSPACE FOR OUR COWORKERS

	Total Incident Rate (TIR)	Our shared values
2.8		Respect

					Teamwork
1.8
		1.5
			1.3

Performance

				Innovation
2019	2020	2021	2022

• Performing root cause analysis of each incident in order to eliminate all injury and provide a safe workspace for our coworkers
• Significant improvement towards our zero-injury vision

Note: TIR = (Number of recordable incidents X 200,000) / Employee total hours worked	4 |

RESILIENT INVESTMENT CASE: LONG TERM VISION & INCOME GENERATION

Diversified operations in flexible packaging, printing and education

Leadership position in most of our verticals driven by deep customer relationships

Leading commitment to sustainability and a circular economy

Resilience during recession with ability to transfer higher costs from raw materials and inflation to customers

Strong and reliable cash flow and investment grade credit rating providing flexibility for future investments

Disciplined M&A strategy with track record of successful integrations, prudent balance sheet management, and post- acquisition deleveraging

Attractive dividend yield and track record of dividend growth (yield at 6.1% as of June 16, 2023)

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