b'PRESIDENTS MESSAGE|GREG YUELSustaining momentum.PIC Investment Group Inc is a familyIn addition, a special thank you goes toso buyers that care about human rights office.We own Operating Companiesmy fellow PIC Group Portfolio Managersand security of supply will have to return to and place equity investments. We provide Laurie Dmytryshyn, Craig Bell, TerrisCanadian commodities at some point.financial services, HR support, M&A search,Chorney, and Hugh MacGowan.They hadI feel like I prepared my entire life for this identification & closing expertise, payrollto do some heavy lifting under terriblesituation.I have never liked heavy debt & benefits, Board governance & strategiccircumstances.In addition to providingloads or debt on assets that cannot carry planning for our companies. We areservice and support to our Operatingtheir own economic output, so our long-grateful to serve our business and peopleCompany leaders we all worked hard toterm debt was quite low heading into each and every day.support our Equity Investment companies. 2020.We have always made decisions that Without dwelling any further on the globalVerdient, in particular, consumed enormousmaximize long term Cash flow as opposed theme of 2020, I will share that we did notattention as we demonstrated ourselves toto propping up immediate Earnings, so we have any spectacular highs or ridiculousbe good partners by bringing stability towere able to be nimble.We have always lows.We did good.We worked togetherthe company. looked to drive down our Expenses and sell and took care of each other as best asWe still got a few deals done andidle assets.As a result, we are in the market possible.We did what we had to do, and weClosed.Long Lake Insurance (LLI) addedfor opportunity and we have money to reacted quickly and decisively.We saveda wonderful group of people in threeinvest.I am looking forward to thewhat we could, and we abandoned what weSaskatchewan branches and began ayear ahead.had to. There was a lot of mental gymnasticsstrategic process to bring their growingI want to help people who enjoy autonomy trying to make the right decisions shortteam together. and follow entrepreneurial instincts to grow term and respect long term consequences. CanGas completed the Pilot Propanetheir business and themselves.That is what The leadership within each of our Operatingacquisition, bought Pure Heat, identifiedmakes it fun and thrilling, especially when Companies is more spectacular than Ia partner for organic growth in the Peaceit is hard.If you are reading this, it is likely could ever imagine.I told my dad in May,River region and streamlined businessbecause you are an integral part of our I cant believe that we would be goingoperations and processes.success.Thank you.through an economic and social crisis ofThe energy sector was a mess and this magnitude, effecting every one of ournothing about federal government policy companies, and I would have so little to do. suggests that it will get any better short I take full credit for hiring people that loveterm.However, we remain vigilant, responsibility and love working in teamsbecause Canada has the safest regulatory to solve problems.You were all a thrill toenvironment with one of the highest watch and I thank you all dearly. resource bases and innovative companiesGREG YUELPIC GROUP 2020 ANNUAL PROFILE 5'