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NEWS RELEASE PARK LAWN CORPORATION August 12 , 2021 2 St. Clair Avenue West , Suite 1300 , Toronto , Ontario M4P 2C9 Tel : ( 416 ) 231-1462 Fax : ( 416 ) 233-8155 Park Lawn Corporation Announces Strong Q2 2021 Performance and Two New Acquisitions Marching Closer to the Achievement of its 2022 Goals TORONTO , ONTARIO ( August 12 , 2021 ) - Today , Park Lawn Corporation ( TSX : PLC ) ( " PLC " or the " Company " ) announced its results for the second quarter ( " Q2 " ) ended June 30 , 2021. Through both its growth and integration initiatives , PLC continues to improve quarter - over - quarter resulting in an impressive Q2 2021 performance . The Company experienced growth in revenue , net earnings , Adjusted Net Earnings , Adjusted EBITDA , and Adjusted EBITDA margin : Net Revenue $ 88,430,582 For the three - month period ended June 30 , 2021 June 30 , 2020 % Increase $ 81,531,826 For the six - month period ended June 30 , 2021 June 30 , 2020 % Increase 8.5 % $ 178,007,881 $ 152,795,763 16.5 % Net Earnings ( 1 ) $ 7,098,722 $ 6,632,514 7.0 % $ 16,853,013 $ 7,366,571 128.8 % Adjusted Net Earnings ( 1 ) $ 10,763,046 $ 8,784,310 22.5 % Adjusted EBITDA ( 1 ) $ 22,724,411 $ 19,488,043 16.6 % $ 22,808,064 $ 46,968,522 $ 16,353,913 39.5 % $ 36,578,130 28.4 % Adjusted EBITDA Margin 25.8 % 24.1 % 170bps 26.5 % 24.1 % 240bps Net Earnings per share - diluted ( 1 ) $ 0.235 $ 0.223 5.4 % $ 0.560 $ 0.247 126.7 % Adjusted Net Earnings per share - diluted ( 1 ) ( 1 ) Attributable to PLC Shareholders $ 0.356 $ 0.295 20.7 % $ 0.757 $ 0.549 37.9 % J. Bradley Green , Chief Executive Officer of PLC , stated : " After a strong second quarter , we have solidified an impressive first half to 2021. Even with the anticipated lessening effect of COVID - 19 on the at - need volume of our comparable businesses , we saw the total funeral home call volume increase quarter - over- quarter driven by both our acquisitions and continued improvements in operating performance . Additionally , similar to what we observed in the first quarter , we continued to see an increase in demand for both pre - need cemetery and pre - need funeral products including property , services and merchandise . Moreover , we also were able to sustain an increase in our averages per contract resulting in an all - around solid quarter - over - quarter performance . Moving forward , while we believe that these normalizing trends will continue into the third and fourth quarters of 2021 , we continue to expect financial growth over 2020 for the same reasons we experienced growth in this quarter . ”