Clearwater Paper expects to maintain tissue margin improvement achieved in 2023

FY 2024 operational assumptions vs. FY 2023: Maintaining tissue margin improvement achieved in 2023; $69M-$74M planned major maintenance outage at Lewiston and Augusta sites; $40M-$50M lower paperboard pricing partly offset by lower input costs; $55M-$70M improved paperboard demand and contribution from Augusta. 2024 other assumptions: Interest expense: $63M-$67M; Depreciation and amortization expense: $120M-$125M; CapEx: $115M-$125M, inclusive of Augusta; Effective rate ~25%-26%. Comments taken from investor presentation slides.