Louisiana-pacific Corporation · NYSE:LPX
Louisiana-pacific — Q4 2015 Earnings Presentation
11 slides from Louisiana-pacific's earnings presentation, Feb 11, 2016
Slide 1: Louisiana-Pacific Corporation Q4 2015 Financial Results
Louisiana-Pacific Corporation Q4 2015 Financial Results February 11, 2016 These slides were prepared and should be read in conjunction with the earnings release by LP's management on February 11, 2016 relating to LP's financial condition and results of operations as of and for the quarter ended Dece
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains statements concerning Louisiana Pacific Corporation’s (LP) future results and performance that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The accuracy of such statements is subject t
Slide 3: Statement Relating to the Use of Non-GAAP Financial Measures
Statement Relating to the Use of Non-GAAP Financial Measures During the course of this presentation, certain non-U.S. GAAP financial information will be presented. Reconciliation of those numbers to U.S. GAAP financial measures are available on the company’s website at www.lpcorp.com under the Inves
Slide 4: Financial Results
Financial Results Dollar amounts in millions, except per share amounts Q4 15 Q3 15 Q4 14 YTD 2015 YTD 2014 Net sales $ 462.9 $ 464.9 $ 453.5 $ 1,892.5 $ 1,934.8 Income (loss) from continuing operations $ (7.4) $ (24.6) $ (43.0) $ (86.0) $ (73.4) Net income (loss) $ (7.6) $ (26.5) $ (42.9) $ (88.1) $
Slide 5: OSB
OSB Dollar amounts in millions Q4 2015 Q3 2015 Q4 2014 YTD 2015 YTD 2014 Sales $ 206.3 200.0 $ 203.2 $ 807.5 $ 855.2 a Operating income (loss) $ 11.3 (11.1) $ (28.8) $ (46.3) $ (52.6) b Adjusted EBITDA $ 24.9 3.9 $ (15.0) $ 11.7 $ 4.4 Percentage Changes: Sales 3% 2% (6)% Adjusted EBITDA 538 % NM 166
Slide 6: Siding
Siding Dollar amounts in millions Q4 2015 Q3 2015 Q4 2014 YTD 2015 YTD 2014 Sales $ 141.2 $ 157.8 $ 140.9 $ 636.4 $ 617.3 Operating incomea $ 13.9 $ 17.2 $ 13.9 $ 93.2 $ 79.8 Adjusted EBITDAb $ 18.7 $ 22.3 $ 18.5 $ 113.7 $ 97.9 Percentage Changes: Sales (11)% —% 3% Adjusted EBITDA (16)% —% 16 % Volu
Slide 7: Engineered Wood Products
Engineered Wood Products Dollar amounts in millions Q4 15 Q3 15 Q4 14 YTD 2015 YTD 2014 Sales $ 74.9 $ 74.4 $ 65.6 $ 286.1 $ 281.0 Operating lossa $ — $ (0.9) $ (5.5) $ (7.3) $ (14.0) Adjusted EBITDAb $ 3.1 $ 2.5 $ (3.6) $ 5.8 $ 0.3 Percentage Changes: Sales 1% 14 % 2% Adjusted EBITDA 24 % NM 1,833%
Slide 8: South America
South America Dollar amounts in millions Q4 2015 Q3 2015 Q4 2014 YTD 2015 YTD 2014 Sales $ 33.5 $ 26.8 $ 35.9 $ 134.9 $ 150.4 Operating incomea $ 3.0 $ 2.4 $ 2.8 $ 9.8 $ 11.3 Adjusted EBITDAb $ 4.7 $ 4.4 $ 5.0 $ 17.7 $ 20.4 Percentage Changes: Sales 25 % (7)% (10)% Adjusted EBITDA 7% (6)% (13)% Volu
Slide 9: Balance Sheet and Other Statistics
Balance Sheet and Other Statistics Dollar amounts in millions, except per share amounts December 31, December 31, 2015 2014 Total cash and investments $ 454.7 $ 547.7 Working capital $ 626.1 $ 777.6 Net cash (debt) $ 87.8 $ 176.5 Capital expenditures $ 113.8 $ 80.1 (excludes investments in / acquisi
Slide 10: APPENDIX
APPENDIX Note: Refer to LP Form 8K filed on February 11, 2016 for the reconciliation of Adjusted income (loss), EBITDA and Adjusted EBITDA
Slide 11: Appendix
Appendix Dollar amounts in millions December 31, December 31, 2015 2014 Calculation of "Working Capital" Current assets $ 769.1 $ 950.3 Current liabilities (143.0) (172.7) Working capital $ 626.1 $ 777.6 Calculation of "Net Cash (Debt)" Long-term debt $ (751.8) $ (754.8) Deferred debt costs (3.7) (4