Conifex Timber Inc. · TSX:CFF
Conifex Timber — Q4 2023 Earnings Presentation
10 slides from Conifex Timber's earnings presentation, Mar 27, 2024
Slide 1: Investor Presentation March 2024
INVESTOR PRESENTATION March 2024 Photo: Conifex Sawmill —Mackenzie, BC
Slide 2: Forward Looking Information
FORWARD LOOKING INFORMATION This presentation contains certain forward-looking information that reflects our current views and/or expectations with respect to our beliefs, assumptions, estimates and forecasts about our business and the industries and markets in which we operate. The reader is cautio
Slide 3: Discussion Topics
DISCUSSION TOPICS Recent Developments Have Enabled Our Integrated Sawmill And Power Generation Site At Mackenzie To Migrate To A Lower And More Enviable Position On The North American Softwood Lumber Industry Cost Curve. We Believe A Series Of Recent Mill Closure And Shift Curtailment Announcements
Slide 4: Results at Glance
RESULTS AT GLANCE Table 1. The Q4, and full year Summary Full Year 2022 Time/Metric Q4 2023 Q3 2023 Full Year 2023 Lumber Shipments 39.1 41.9 152.6 174.3 WSPF lumber (MMfbm) Benchmark Lumber Price 402 417 391 771 (US$) Revenues (in millions of dollars) 35.3 38.7 141.2 231.3 CA$ EBITDA (in millions o
Slide 5: The Progressive Refinement of Our Fiber Basket
THE PROGRESSIVE REFINEMENT OF OUR FIBER BASKET 2018 to 2022 2020 May 4, 2023 Q4 2023 (The Challenge) (Critical Insight) (Turning Point) (Initial Benefits) 55% of the sawlog harvested in The Chief Forester revealed the loss of The Chief Forester's allowance for the Significant improvements and reduce
Slide 6: The North American Softwood Lumber Industry Cost Curve Q4, 2023
The North American Softwood Lumber Industry Cost Curve Q4, 2023 (1) USD COST PER THOUSAND BOARD FEET OF LUMBER SHIPPED (US$/MBF) $522 $477 $472 $466 $440 $440 $443 Peer #1 Peer #2 Peer #3 CONIFEX Peer #5 Peer #6 Peer #7 (1) Internal Document. 6
Slide 7: Supply side will continue to reflect supply contractions in interior B.C.
The supply side will continue to reflect supply contractions in the interior region of B.C. The Recent Permanent or Indefinite Closures* Are Leading To: • Less Competition For Purchase Wood • Lower Stumpage Cost • Continued Strong Demand For Residual Chips • Better Opportunities For Sales To Japan B
Slide 8: The Only Sawmill Complex Operating in the Mackenzie Timber Supply Area
The Only Sawmill Complex Operating in the Mackenzie Timber Supply Area (TSA) The Mackenzie TSA is the 4th largest in BC. Equivalent in size to the combined land area of the States of Vermont, New Hampshire, and Connecticut. • Effective May 4, 2023, the Chief Forester for the Province of British Colu
Slide 9: Business Update
Business Update Background • Intent to use power sector Reasons Why Conifex’s Next Generation expertise to develop industrial- scale power infrastructure for Data Center Business Is Important For next-generation data center British Columbians: customers in British Columbia (BC). Economic Growth And
Slide 10: Conifex Leadership Team
Ken Shields Andrew McLellan Trevor Pruden Chairman & Chief Executive President and Chief Operating Chief Financial Officer Officer Officer CONIFEX LEADERSHIP TEAM For further Information, please contact: Trevor Pruden | Chief Financial Officer Investor Relations | investor.relations@conifex.com 10