b'PRESIDENTS MESSAGE|GREG YUELDefying the OddsHow do you think a Family Office in 2021vertically integrated value chain of trust &and place equity investments. We provide performed, where most of our value wascare between our partners as we all foundfinancial services, HR support, M&A search, in western Canada, in the energy sector,ourselves in a 100 yr tight spot.Randyidentification & closing expertise, payroll with three companies in the chemicalBracewells often explained that we cant& benefits, board governance & strategic distribution industry, two in transportation,go wrong long term if we take care of theplanning for our companies. one in real estate, then insurance andcustomers best interest. Together, Laurie Dmytryshyn, Craig Bell, tourism? Further validation of this belief is that ourTerris Chorney, Hugh MacGowan and I want As it turns out, we defied the odds.Thesales teams could not get in front of ourto help people who enjoy autonomy and most spectacular gain within PIC Group wascustomers and go through their operationfollow entrepreneurial instincts to grow at Panther, our oilfield chemical distributionto understand their issues, but we had thetheir business and themselves.In fiscal & pallet manufacturing business.Theydepth of our relationship to rely upon.As a2021 we helped put PIC Group in a position had the best year in the history of theirresult, we held our own pretty well. to make the most of what we believe is a company.Meanwhile, our propaneAt PIC Group we took care of our equitygrowing economy going forward.We are all business and our insurance business grewpartners in invested companies in the samelooking forward to the year ahead.significantly.No less impressive is that ourway.PIC Group brought deals forward to real estate business reduced vacancy to lessothers where it made sense.We started than 1%.Another unlikely story was thatfiscal 2021 having assisted in the delivery of Kreos survived and maintained positive cashVerdient to its new owner, Ingredionthe flow.A tough year but for an airline in 2021biggest food ingredient distributor in theHoly Cow!Incredible. world and now a significant contributor The common denominator, as ClearTechto the Saskatchewan value added Ag and Caron demonstrate every year, is thateconomy.Laurie had a few wins this year,GREG YUELour companies spent one, or two, or threebut the Verdient sale was big.or four decades building relationshipsThe PIC office serves to connect the dots with suppliers and customers so that weand be the anti-Red Tape committee for are in the enviable position of taking carethe companies we serve as well as assist of people on either side of us and they in- our companies with opportunities that turn are endeared to take care of us.Overtake years to come to fruition, so our the years the customers, or suppliers, orleaders and their teams can focus on their employees that think thats dumb fell byoperation.PIC Investment Group Inc is a the wayside.This philosophy left us with afamily office.We own operating companies PIC GROUP 2021 ANNUAL PROFILE 5'