Slide 1: Quarter 3, 2019 Financial Performance Overview
Canfor Corporation and Canfor Pulp Products Inc. Quarter 3, 2019 Financial Performance Overview Presented by: Alan Nicholl – CFO & Executive VP, Finance & Canfor Pulp Operations 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 expressed
Slide 3: Q3 2019 Review: Items Impacting Earnings (Loss) Comparability
Canfor Corporation Q3 2019 Review: Items Impacting Earnings (Loss) Comparability Q3 2019 Q2 2019 (millions of dollars, except for per share amounts) $ $/Share $ $/Share Shareholder net loss, as reported $ (90.4) $ (0.72) $ (48.6) $ (0.39) Non-operating items (after-tax, net of non-controlling intere
Slide 4: Sales and Operating Earnings (Loss) Summary
Canfor Corporation Sales and Operating Earnings (Loss) Summary Q3 Q2 Variance (millions of dollars unless otherwise noted) 2019 2019 Gross sales $ 1,091.4 $ 1,313.0 $ (221.6) Reported operating income (loss) by segment: Lumber $ (70.2) $ (60.6) $ (9.6) Pulp and Paper $ (44.0) $ 18.4 $ (62.4) Unalloc
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: 2019 2019 Cash deposits paid1 $ 33.7 $ 37.3 $ (3.6) Incremental duty expense, attributable to current quarter2 $ 12.2 $ 7.9 $ 4.3 Effective duty expense, net, for the cur
Slide 6: Lumber: Q3 2019 vs. Q2 2019
Canfor Corporation Lumber: Q3 2019 vs. Q2 2019 Q3 Q2 Variance (millions of dollars unless otherwise noted) 2019 2019 Sales $ 874.6 $ 993.5 $ (118.9) Operating income before amortization, as reported $ 2.5 $ 8.7 $ (6.2) Operating loss, as reported $ (70.2) $ (60.6) $ (9.6) Operating loss, as adjusted
Slide 7: Pulp: Q3 2019 vs. Q2 2019 and Sales and Operating Earnings Summary
Canfor Pulp Products Inc. Pulp: Q3 2019 vs. Q2 2019 and Sales and Operating Earnings Summary Q3 Q2 Variance (millions of dollars unless otherwise noted) 2019 2019 Gross Sales $ 216.9 $ 319.5 $ (102.6) Reported operating income (loss) by segment: Pulp $ (45.5) $ 12.9 $ (58.4) Paper $ 3.9 $ 8.1 $ (4.2