Slide 1: Quarter 2, 2023 Financial Performance Overview
Canfor Corporation and Canfor Pulp Products Inc. Quarter 2, 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: Q2 2023 Review: Items Impacting Earnings Comparability
Canfor Corporation Q2 2023 Review: Items Impacting Earnings Comparability Q2 2023 Q1 2023 (millions of dollars, except for per share amounts) $ $/Share $ $/Share Shareholder net loss, as reported $ (43.9) $ (0.36) $ (142.0) $ (1.17) Non-operating items (after-tax, net of non-controlling interests) F
Slide 4: Sales and Operating Earnings Summary
Canfor Corporation Sales and Operating Earnings Summary Q2 Q1 Variance (millions of dollars, unless otherwise noted) 2023 2023 Gross sales $ 1,446.0 $ 1,385.4 $ 60.6 Reported operating loss by segment: Lumber $ (15.5) $ (169.7) $ 154.2 Pulp and Paper $ (37.9) $ (25.2) $ (12.7) Unallocated and Other
Slide 5: Countervailing and Anti-Dumping Duty Summary
Canfor Corporation Countervailing and Anti-Dumping Duty Summary (millions of dollars) Q2 Q1 Variance Effective Duties by Quarter: 2023 2023 Cash deposits paid1 $ 11.0 $ 9.8 $ 1.2 Incremental duty expense attributable to current quarter2 $ 22.6 $ 19.4 $ 3.2 Duty expense, as reported3 $ 33.6 $ 29.2 $
Slide 6: Lumber: Q2 2023 vs. Q1 2023
Canfor Corporation Lumber: Q2 2023 vs. Q1 2023 Q2 Q1 Variance (millions of dollars, unless otherwise noted) 2023 2023 Sales $ 1,196.5 $ 1,142.1 $ 54.4 Operating income (loss) before amortization $ 69.0 $ (92.2) $ 161.2 Operating loss, as reported $ (15.5) $ (169.7) $ 154.2 Inventory write-down (reco
Slide 7: Pulp: Q2 2023 vs. Q1 2023
Canfor Pulp Products Inc. Pulp: Q2 2023 vs. Q1 2023 Q2 Q1 Variance (millions of dollars unless otherwise noted) 2023 2023 Gross Sales $ 249.5 $ 243.3 $ 6.2 Reported operating income (loss) by segment: Pulp $ (36.0) $ (24.4) $ (11.6) Paper $ 0.7 $ 3.3 $ (2.6) Unallocated $ (2.6) $ (4.1) $ 1.5 Total o