Slide 1: Quarter 3, 2023 Financial Performance Overview
Canfor Corporation and Canfor Pulp Products Inc. Quarter 3, 2023 Financial Performance Overview Presented by: Pat Elliott – CFO & SVP, Sustainability C A N F O R C O R P O R A T I O N
Slide 2: Forward-Looking Statements
Forward-Looking Statements The presentation and answers to questions today contain forward-looking statements which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements express
Slide 3: Q3 2023 Review: Items Impacting Earnings Comparability
Canfor Corporation Q3 2023 Review: Items Impacting Earnings Comparability Q3 2023 Q2 2023 (millions of dollars, except for per share amounts) $ $/Share $ $/Share Shareholder net loss, as reported $ (23.1) $ (0.19) $ (43.9) $ (0.36) Non-operating items (after-tax, net of non-controlling interests) Fo
Slide 4: Sales and Operating Earnings Summary
Canfor Corporation Sales and Operating Earnings Summary Q3 Q2 Variance (millions of dollars, unless otherwise noted) 2023 2023 Gross sales $ 1,312.3 $ 1,446.0 $ (133.7) Reported operating loss by segment: Lumber $ (1.3) $ (15.5) $ 14.2 Pulp and Paper $ (49.3) $ (37.9) $ (11.4) Unallocated and Other
Slide 5: Countervailing and Anti-Dumping Duty Summary
Canfor Corporation Countervailing and Anti-Dumping Duty Summary (millions of dollars) Q3 Q2 Variance Effective Duties by Quarter: 2023 2023 Cash deposits paid1 $ 11.5 $ 11.0 $ (0.5) Incremental duty expense attributable to current quarter2 $ 20.5 $ 22.6 $ 2.1 Duty expense, as reported3 $ 32.0 $ 33.6
Slide 6: Lumber: Q3 2023 vs. Q2 2023
Canfor Corporation Lumber: Q3 2023 vs. Q2 2023 Q3 Q2 Variance (millions of dollars, unless otherwise noted) 2023 2023 Sales $ 1,123.5 $ 1,196.5 $ (73.0) Operating income before amortization $ 84.1 $ 69.0 $ 15.1 Operating loss, as reported $ (1.3) $ (15.5) $ 14.2 Inventory write-down recovery, net $
Slide 7: Pulp: Q3 2023 vs. Q2 2023
Canfor Pulp Products Inc. Pulp: Q3 2023 vs. Q2 2023 Q3 Q2 Variance (millions of dollars unless otherwise noted) 2023 2023 Gross Sales $ 188.8 $ 249.5 $ (60.7) Reported operating income (loss) by segment: Pulp $ (50.8) $ (36.0) $ (14.8) Paper $ 4.4 $ 0.7 $ 3.7 Unallocated $ (2.9) $ (2.6) $ (0.3) Tota