Page 1

NEWS RELEASE PARK LAWN CORPORATION November 11 , 2021 2 St. Clair Avenue West , Suite 1300 , Toronto , Ontario M4P 2C9 Tel : ( 416 ) 231-1462 Fax : ( 416 ) 233-8155 Park Lawn Corporation Continues Excellent Operating Trends with Q3 2021 Results TORONTO , ONTARIO ( November 11 , 2021 ) - Today , Park Lawn Corporation ( TSX : PLC ) ( “ PLC ” or the “ Company ” ) announced its results for the third quarter ( “ Q3 ” ) ended September 30 , 2021. PLC once again demonstrated its operating strength and ability to achieve sustained growth . The Company experienced measurable growth in net revenue , net earnings , Adjusted Net Earnings , Adjusted EBITDA , and Adjusted EBITDA margin : September 30 , 2021 For the three - month period ended September 30 , 2020 % Increase September 30 , 2021 For the nine - month period ended September 30 , 2020 % Increase Net Revenue Net Earnings ( 1 ) Adjusted Net Earnings ( 1 ) Adjusted EBITDA ( 1 ) Adjusted EBITDA Margin $ 92,047,771 $ 80,267,397 14.7 % $ 270,055,652 $ 233,063,160 15.9 % $ 9,053,757 $ 5,403,038 67.6 % $ 25,906,770 $ 12,769,609 102.9 % $ 12,086,952 $ 7,748,660 56.0 % $ 34,895,016 $ 24,102,573 44.8 % $ 23,524,226 $ 19,102,935 23.1 % $ 70,492,748 $ 55,681,065 26.6 % 25.6 % 24.0 % 160bps 26.2 % 24.1 % 210bps Net Earnings per share - diluted ( 1 ) $ 0.288 $ 0.180 59.6 % $ 0.848 $ 0.428 98.2 % Adjusted Net Earnings per share - diluted ( ¹ ) ( 1 ) Attributable to PLC Shareholders $ 0.384 $ 0.259 48.3 % $ 1.142 $ 0.808 41.3 % J. Bradley Green , Chief Executive Officer of PLC , stated : “ The third quarter exceeded our expectations , especially given the continued decline of COVID - 19 deaths served by our businesses . Despite this , we saw an increase in the number of families that we served in our comparable businesses in both our funeral homes and cemeteries . Likewise , we continued to see an increase in the average revenue per call in our funeral homes as families are now able to memorialize and honor their loved ones in meaningful ways . We attribute this success , in large part , to the hard work and dedication of our team to the families we serve . We also proved our ability to sustain a high level of growth by continuing to expand our presence in targeted strategic markets . And , as we continue to evaluate new opportunities to partner with premier independent businesses , as well as new organic growth opportunities , we look forward to continuing that high level of growth well into the future . "