INVESTOR PRESENTATIONJuly 2018

T S X V : A E P

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This presentation is not, and nothing in it should be construed as, an offer, invitation or recommendation in respect of securities of Atlas Engineered Products Ltd. (the “Company”), or an offer, invitation or recommendation to sell, or solicitation of an offer to buy, the facilities or the securities of the Company in any jurisdiction. Neither this presentation nor anything in it shall form the basis of any contract or commitment. This presentation is not intended to be relied on as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any investor. All investors should consider such factors in consultation with a professional advisor of their choosing when deciding if an investment is appropriate. The Company has prepared this presentation based on information available to it, including information derived from public sources that have not been independently verified. No representation or warranty, express or implied, is provided in relation to the fairness, accuracy, correctness, completeness or reliability of the information, opinions or conclusions expressed herein. These projections should not be considered a representation of the Company’s potential cash-generation performance in any way.

The financial modelling is a projection, preliminary and subject to change. All forward–looking statements attributable to the Company or persons acting on its behalf apply only as of the date of this document, and are expressly qualified in their entirety by the cautionary statements included elsewhere in this document. The financial modelling is a projection, is preliminary, and is subject to change; the Company undertakes no obligation to update or revise these forward–looking statements to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Inevitably, some assumptions will not materialize, and anticipated events and circumstances may affect the ultimate financial results. Projections are inherently subject to substantial and numerous uncertainties and to a wide variety of significant business, economic, and competitive risks, and the assumptions underlying the projections may be inaccurate in any material respect. Therefore, the actual results achieved may vary significantly from the forecasts, and the variations may be material.

FORWARD LOOKING STATEMENTS

DISCLAIMER

OVERARCHING STRATEGY

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✓ To be the ‘go to' full-service supplier of engineered wood products and components

✓ To be the leading consolidator of the engineered wood products and components sector in Canada

OUR COMMITMENT✓ Expert design and engineering teams

✓ Strong management with extensive experience in truss manufacturing

OUR PEOPLE

Atlas Engineered Products Ltd. is a longstanding Canadian supplier of trusses and engineered wood products, operating for more than 18 years.

✓ Multiple-shift state-of-the-art truss and component manufacturing

✓ Extensive inventory of engineered beams and components

OUR OPERATIONS

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MANAGEMENTHadi AbassiCEO and DirectorMr. Abassi founded Atlas Engineered Products Ltd. in 1999 at its Nanaimo facility to manufacture roof trusses for customers on Vancouver Island. In 2003, he established Coastal Windows as a dealer, then subsequently as a manufacturer of custom doors and windows. Mr. Abassi holds a degree in Mechanical Engineering from Swindon Technical College.

Guy ChampagnePresident and DirectorMr. Champagne has been a Director of ImmunoPrecise Antibodies (TSXV:IPA) since December 2016, and served as a Director of Seahawk Ventures (CSE:SHV) from August 2015 to March 2018. After an accomplished 25 year entrepreneurial career, he held senior positions with BDC Consulting from 2006 to 2013. Mr. Champagne studied Honours Mathematics at McGill University and Business Valuation with the Canadian Institute of Chartered Business Valuators (CICBV).

William (Bill) WoodsChief Financial Officer

Roy DondaleVice President OperationsMr. Dondale is a 25-year veteran of the transportation and trucking industry. Previously he was General Manager for Western Seaboard Transport and VP Operations at Excel Transportation Inc. His understanding of operational and business logistics allows him to effectively build, support, and lead confident, accountable, and decisive teams. Mr. Dondale is a driven, results-based leader who achieves success by evaluating and improving the effectiveness of operations.

Mr. Woods is a seasoned executive with more than 20 years of experience in North American mining, manufacturing, biotech, telecommunications, and transportation companies. He previously held the positions of CFO and Chief Operating Officer of Athabasca Minerals, CFO of Cardio-Metabolics, CFO of Liberty Mines, and served as Vice President Finance for companies in the transportation, manufacturing, and business brokerage fields. He has held the Chartered Professional Accountant (CPA, CMA) designation since 1986.

Kent FlintVice President Strategy, People, and CultureMr. Flint joined Atlas from Real Estate Webmasters, a leading real estate technology firm where he was Chief Operating Officer. Previously, he was VP Human Resources at TechInsights, a global leader in semiconductor and technology analysis, Director of Workforce Development at the Railway Association of Canada, creator of Manulife’s leadership development programs, and an executive search consultant.

Bart BoosVice President SalesMr. Boos is responsible for leading the Atlas sales organization. He has more than 25 years of experience in high-value capital equipment sales and senior leadership of regional and national capital equipment sales teams. He was Director of Operations for Lomak Bulk Carriers, Regional General Manager and VP Sales for SMS Equipment, and General Manager of Mining for Wajax Equipment.

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BOARD OF DIRECTORSHadi AbassiCEO and DirectorMr. Abassi founded Atlas Engineered Products Ltd. in 1999 at its Nanaimo facility to manufacture roof trusses for customers on Vancouver Island. In 2003, he established Coastal Windows as a dealer, then subsequently as a manufacturer of custom doors and windows. Mr. Abassi holds a degree in Mechanical Engineering from Swindon Technical College.

Guy ChampagnePresident and DirectorMr. Champagne has been a Director of ImmunoPrecise Antibodies (TSXV:IPA) since December 2016, and served as a Director of Seahawk Ventures (CSE:SHV) from August 2015 to March 2018. After an accomplished 25 year entrepreneurial career, he held senior positions with BDC Consulting from 2006 to 2013. Mr. Champagne studied Honours Mathematics at McGill University and Business Valuation with the Canadian Institute of Chartered Business Valuators (CICBV).

Don HubbardBoard ChairMr. Hubbard is currently President and CEO of Hubbard Consulting Ltd., and Owner, Partner, and Manager of RCR Mining LLP. He is also currently Board Chair of the Vancouver Island Health Authority. Formerly Mr. Hubbard was General Manager of Lafarge North West Division and Island operations, which merged with Hub City Paving. He holds the ICD.D designation from the Institute of Corporate Directors.

Kevin SmithDirectorMr. Smith is a Chartered Accountant and has been Chief Financial Officer of IntraCorp Projects Ltd., since August 14, 2012. He served as Chief Financial Officer, Executive Vice President, and Corporate Secretary at Whistler Blackcomb Holdings Inc. until September 10, 2012, where he successfully led it through an initial public offering in 2010. He is a Director of Lite Access Technologies Inc. Mr. Smith holds a Bachelor of Science from the University of British Columbia.

Greg SmithDirectorMr. Smith held senior positions in investment banking before transitioning to private equity with the acquisition of one of the largest HVAC companies in Western Canada. He was Portfolio Manager for Phillips, Hager & North and Executive Director, Canadian Securitization Group, CIBC World Markets in Toronto for close to 10 years. Currently he serves as President and Director of Broadway Refrigeration & Air Conditioning Co. Ltd. and Omega Mechanical Ltd. and as Chairman of Lite Access Technologies.

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CAPITAL STRUCTURE Atlas Engineered Products Ltd.

OPTIONS & WARRANTSOptions (exercisable at $0.49) 1,750,000

Warrants (exercisable at $0.40) 737,500

Convertible note (convertible at $0.20) 1,396,970Fully Diluted Shares Outstanding 34,678,555

DEBT Interest Rate Maturity Date Value (CAD)Short-Term Borrowings (Exch. Note) 5.0% August 2018 $279,394

Current Portion of Capital Leases Misc. May 2020-October 2021 $308,232

Long-term Portion of Capital Leases Misc. May 2020-October 2021 $820,406

Non-Revolving Term Loan from RBC Prime+2.5% N/A $1,200,000

Non-Revolving Term Loan from RBC Prime+1.0% N/A $560,000Total Debt Outstanding $3,168,032

✓ Completed reverse takeover (RTO) with Archer Petroleum Corp. on November 9, 2017

✓ Concurrent with the RTO, completed private placement financing for 10,566,000 common shares at $0.40 per share

✓ Established private company in 1999

TSXV:AEP

Current Price $0.44 (as of July 06)

Market Capitalization $13.4M

Shares Outstanding (Basic) 30, 703,555

Average Daily Volume 20,000

52 Week High $0.75

52 Week Low $0.38

Insider Ownership 31.64% (9,713,494 shares)

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INVESTMENT HIGHLIGHTS

• Atlas is an established Canadian supplier of engineered wood products, in business for more than 18 years, with operations across Canada in British Columbia, Alberta, and Ontario.

MARKET LEADER

• Fragmented industry ripe for consolidation and disruption• Attractive profile of organic growth of 20% for the last 12 months (LTM) at its three locations

MULTIPLE AVENUES FOR GROWTH

• Engineered wood products is a mature industry with low volatility and steady growth.• Fabrication of trusses and prefabricated floor and wall panels is expected to grow at a

significantly higher rate owing to labour and skills shortages in the construction industry.

POSITIVE INDUSTRY TRENDS

• Strong profitability with LTM revenue of $19.6 million and $2.8 million of earnings before interest, taxes, depreciation, and amortization, with growing EBITDA margins for fiscal 2018

STRONG TRACK RECORD OF PROFITABILITY

• Highly talented, experienced, and motivated team with an average tenure of 16 years in the engineered wood products industry

CAPABLE LEADERSHIP TEAM

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Advanced TechnologyAtlas engineered truss and panel products are manufactured to order for the specific building projects in which they will be used. They offer the advantages of:• Less waste• Easier installation• Superior design value• Increased design flexibility• Shorter cycle times• Higher profit margins for clients (builders, developers)

Comprehensive SolutionAtlas is unique in offering a group of products designed to work together as a system:• Atlas produces engineered wood product solutions for both the

residential and commercial building markets.• Atlas collaborates with clients to increase efficiencies and

savings in transportation and labour costs, as well as to reduce time and waste on the job site.

• Atlas employs specialized software applications and chooses the right materials to optimize solutions, giving itself and its clients both significant flexibility and cost advantages.

OUR BUSINESSATLAS IS A STEADY STATE BUSINESSGROWING WITHIN A MATURE INDUSTRY

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PRODUCTS AND SERVICES

✓ Roof Trusses

✓ Floor Joists

✓ Floor Trusses

✓ Wall Panels

✓ Floor Panels

✓ Design, Engineering, and Permitting

✓ Project Management and Site Assembly

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INDUSTRY CHARACTERISTICS

Revenue

$7.8 billion

Profit

$1.1 billion

Annual Growth (2012-2017)

8.8%

Exports

$4.2 billionAnnual Growth (2017-2022)

2.9%

Businesses

538

INDUSTRY KEY STATISTICS

PRODUCT AND SERVICES SEGMENTATION (2017)

STEADY OUTLOOKStructural wood products is a mature industry with low volatility in revenue.

The same is true for the truss manufacturing and engineered wood segment of the construction supply industry.

Key Drivers• Value of residential construction• Housing starts• Value of non-residential construction• Canadian-dollar exchange rate

Waferboard, 29%

Structural wood products, 25%

Softwood veneer and plywood, 21%

Particleboard and fibreboard, 20%

Hardwood veneer and plywood, 5%

Addressable Market• $1billion for trusses, joists, and

engineered beams• $2.5 billion for trusses, joists,

engineered beams, and prefabricated walls and floors

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INDUSTRY CHARACTERISTICSFRAGMENTATIONThe truss manufacturing segment of the construction supply industry is characterized by approximately 300 small regional operators with sales in the range of $3 million to $5 million, headed by owner-managers that need succession planning.

OPPORTUNITYAtlas has become the preferred exit choice for many of these small operators. Their choice gives Atlas:• Opportunities to profit from operational efficiencies, advantages of scale in procurement, and

expanded product distribution• Opportunities for arbitrage as acquired companies transition from private ownership to public amid

varying transaction structures and prices

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SYNERGIESSYNERGY PROCESS RESULT

Increase purchasing

volume

Capacity utilization

Lower fabrication

costs

Sales productivity

Adopt better design, streamline plant layout, hone production principles.

Refine sales procedures and redeploy talent as needed.

Expand automation, adapt equipment, schedule multiple shifts, optimize production.

Scale up to procure raw material at competitive costs.

Higher closing rates

Increased gross margin

Greater throughput

Decreased costs

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INNOVATION

Deploy information and communication technologies strategically to give Atlas a competitive advantage in the marketplace. Support company-wide enterprise resource planning (ERP), design and engineering, customer relationship management (CRM), and supply chain management methods.

Establish a design and engineering centre to help all sales and manufacturing locations across Canadaachieve efficiency, cost-effectiveness, high expertise, and fine quality.

Use regional facilities to manufacture and distribute the floor and wall panel components needed by truss plants in dispersed local markets.

Institute national purchasing to supply raw materials to every Atlas facility economically and just-in-time.

As is common in the ‘business process outsourcing’ industry, deploy Atlas personnel to work with large customers in-house. As resident design and project management teams, become ideally positioned to lead construction projects from inception through to lockup.

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INTEGRATION STEPSAddress ‘low hanging fruit’ opportunities identified during due diligence:

• Cost savings• Sales improvements• Performance drivers

Introduce system-wide benefits

• Integrated branding, marketing, and sales systems

• Shared design resources• Joint procurement• Pooled best practices

Drive strategic initiatives

• Introduce expanded product portfolio to new sites

• Grow building project wallet share

• Leverage product mix from plant configurationPHASE 2

Organizational Integration with

Atlas Family

(2-6 months)

PHASE 1Site-specific

Improvements

(1-3 months)

PHASE 3Transformation

Through Synergies

(6-12 months)

1

2

3

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OUR GROWTH

Strong organic growth is driven by:• Offering additional products through traditional channels. Flooring systems, floor panels, and wall

panels are produced and sold by few locations, yet represent a significant opportunity to grow ‘wallet share’ of building projects.

• Adding sales talent at all locations to capture market share and drive revenue growth

ORGANIC GROWTH INITIATIVES

Pro Forma Sales Results of Acquisition ProgramSALES (C$ million)

$8.1

$14.1

$19.7

$44.7

$11.0

$18.8

$25.3

$50.3

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

As of listing date of Atlas As at May 31, 2018 (CoreBusiness)

As at May 31, 2019 (CoreBusiness)

Pro Forma with Targets inPipeline

Last 12 Months Sales Sales Run Rate

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OUR GROWTH

To achieve our goal of $50 million in sales in year 1, $150 million in year 3, we will:• Acquire targets with strong financial performance, using structures that minimize dilution• Drive margin increases through efficiencies in operations and scale • Maintain strong share value as a currency for acquisitions

MERGERS AND ACQUISITIONS

Pro Forma Adjusted EBITDA Results of Acquisition ProgramADJUSTED EBITDA (C$ million)

$1.7

$2.7 $2.8

$5.3

$2.3

$3.7

$4.6

$7.5

$0.0

$1.0

$2.0

$3.0

$4.0

$5.0

$6.0

$7.0

$8.0

$9.0

As of listing date of Atlas As at May 31, 2018 (CoreBusiness)

As at May 31, 2019 (CoreBusiness)

Pro Forma with Targets inPipeline

Last 12 Months EBITDA Adjusted EBITDA Run Rate (Estimated)

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CATALYSTS

31 5

42

Shortages of skilled labour for traditional construction jobs

drive demand for easily assembled components

Gaps in business succession in the truss manufacturing

industry lead to advantageously priced

acquisition opportunities

Growth in the popularity of multi-family and multi-floor

residential wood-framed buildings as affordable housing drives greater

consumption ofengineered products

Fragmented industry populated by independents unable to invest in transformation

Software to design each step in the process places control of the construction value chain with the ‘first touch point’ supplier

T S X V : A E P

CONTACT US

Guy Champagne, President

2005 Boxwood Road, Nanaimo, BC V9S 5X9

250.754.1400

atlasengineeredproducts.com