- PRT Growing Services Ltd. is the largest producer of container grown forest seedlings in North America, with 13 nursery sites and over 425 employees. - The presentation discusses PRT's competitive position, contracted revenue stream, forest seedling market drivers including the housing market and export markets, and the impact of the US housing market downturn on PRT's financial performance between 2008-2011. - Looking ahead, PRT's growth strategies include leveraging an expected housing market recovery, expanding into regional forestry markets, diversifying into non-forestry starter plants and hardwood seedlings.

1. Corporate Introduction
PRT Growing Services Ltd.
May 11, 2012

2. The Legal Stuff…………
This presentation contains forward-looking statements that involve risks
and uncertainties. These forward-looking statements relate to, among
other things, expectations for customer orders; the outlook for the forest
industry, US and Asian wood markets; future reforestation programs; and
other statements that are not historical fact. Risks and uncertainties
include, but are not limited to, future commodity prices and exchange
rates, agricultural risks, our ability to grow and supply products in
accordance with defined specifications, customer credit risks, and other
risks identified from time to time in the Corporation’s annual report, and
annual information return. These risks and uncertainties may cause
actual results to differ materially from the expectations expressed
herein. As such, readers are cautioned not to place undue reliance on
forward-looking statements.
Forward-looking statements are based on current expectations and PRT
does not assume any obligation to update such information to reflect
later events or developments, except as required by law.

3. Presentation Overview
• Company and Industry Background
• Recent Market Developments
• Financial Performance
• Strategy and Outlook
• Summary

4. Company Profile
• The largest producer of container grown
forest seedlings in North America
• 24 year operating history – over 2 billion
seedlings grown
• Annually contracted production
• 181 million seedlings in 2011 – 158 from Core Forestry
core forestry markets; Markets
• 13 nursery sites; over 425 employees
• Market leader in key market regions

5. Competitive Position
• Largest producer
• scale economies
• capacity to handle large customer needs
• attract and retain the best people
• Multiple locations
• reduces risks
• most diverse range of growing climates and
species
• Contract delivery reliability is high
• Extensive experience with container
growing

6. Contracted Revenue Stream
• Customers contract with PRT before
sowing seedlings
• Annual take-or-pay service contracts,
with progress payments
• Approximately one-third of seedling
volume is from multi-year contracts
• Diverse customer base

7. Forest Seedling Market Drivers
• Harvest levels
– Housing market
– Export markets
• Forest health
• Carbon economy

8. Silviculture Follows Harvesting
In PRT’s markets there is typically a 1 to 2 year lag between harvest and replanting –
this is demonstrated in BC’s statistics below
BC Cut Volume vs Sowing Requests
100,000,000 300
Seedlings in MM
Volume in M3
80,000,000 250
200
60,000,000
150
40,000,000
100
20,000,000 50
0 0
Q
19 5
19 6
19 7
19 8
20 9
20 0
20 1
20 2
20 3
20 4
20 5
20 6
20 7
20 8
20 9
20 0
12 11
9
9
9
9
9
0
0
0
0
0
0
0
0
0
0
1
T4
19
20
Cut Volume Sowing Requests

9. Housing Market
Canadian and Am erican Historic Housing Starts
Actual and Forecast*
3,000
2,500
2,000
1,500
1,000
500
0
1959
1962
1965
1968
1971
1974
1977
1980
1983
1986
1989
1992
1995
1998
2001
2004
2007
2010
2013
*Average forecast reported by the APA and CMHC

10. Export Markets
BC Softw ood Lum ber Export Volum e (M3) to China
8,000,000
7,000,000
6,000,000
5,000,000
4,000,000
3,000,000
2,000,000
1,000,000
0
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
YTD
Note: 2012 YTD through February 2012

11. Forest Health
• Mountain Pine Beetle
• BC estimates between 0.5 and
1.1 million hectares will
require planting treatment
(approximately 500MM to 1.1
billion seedlings)
• Not Sufficiently Restocked
(NSR) estimated at 2 million
hectares

12. Other Market Changes
• Fibre is moving more globally
• Tenure reforms - fibre is harvested more
in response to economics than public
policy
• Mountain Pine Beetle – long term
reduction in Annual Allowable Cut (AAC)
in BC

13. Impact of the US Housing Market Downturn
2006 2010 Δ 06/10
Market Reality
Housing starts (prior year) 2,335,000 703,000 -70%
Seedlings ordered 228,000,000 131,000,000 -43%
Blocks sown 2,497,000 1,345,000 -46%
Average revenue/seedling block $ 18.60 $ 17.32 -7%
Annual revenue $ 51,574,000 $ 25,965,000 -50%
Operating Income $ 11,229,000 $ 2,811,000 -75%
Capacity Utilization 87% 71% -16%

14. Business Responses
Actions Results
• Capacity rationalization • Productivity improvements
• Continuous Improvement • Margin Improvement
• Product Innovation • Market share gains
• Cost reduction • Reduced cost structure
• Focus on Crop Quality & • Expanded sales in new
Reliability markets
• Defensive Balance Sheet • Positive cash flow
• Zero net debt

15. Financial Performance
2008 2009 2010 2011
Seedlings 167,300,000 128,300,000 130,900,000 181,500,000
Revenue $ 38,789,000 $ 30,062,000 $ 26,066,000 $ 33,304,000
Gross Margin 23.7% 21.0% 28.2% 31.9%
EBITDA1 $ 5,371,000 $ 3,494,000 $ 2,952,000 $ 6,095,000
Cashflow from Operations $ 7,665,000 $ 3,369,000 $ 4,036,000 $ 4,216,000
Net Debt $ 11,799,000 $ 9,040,000 $ 1,267,000 $ (760,000)
1
Before asset disposal gains/losses, impairment charges, closure costs or other write downs

16. Growth Strategies
• Housing market recovery
• Regional forestry market expansion
• Non-forestry starter plants
• Hardwood seedlings for environmental
projects

17. Summary
• We have adapted to the downturn and are now strongly
positioned for the recovery
• Strong business model and solid competitive position
• Markets are improving and our results have followed
• Excellent prospects for future growth
TSX: PRT