Slide 1: Quarter 4, 2021 Financial Performance Overview
Canfor Corporation and Canfor Pulp Products Inc. Quarter 4, 2021 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: Q4 2021 Review: Items Impacting Earnings Comparability
Canfor Corporation Q4 2021 Review: Items Impacting Earnings Comparability Q4 2021 Q3 2021 (millions of dollars, except for per share amounts) $ $/Share $ $/Share Shareholder net income (loss), as reported $ (23.1) $ (0.19) $ 210.0 $ 1.68 Non-operating items (after-tax, net of non-controlling interes
Slide 4: Sales and Operating Earnings Summary
Canfor Corporation Sales and Operating Earnings Summary Q4 Q3 Variance (millions of dollars unless otherwise noted) 2021 2021 Gross sales $ 1,571.3 $ 1,676.6 $ (105.3) Reported operating income (loss) by segment: Lumber $ 86.3 $ 326.1 $ (239.8) Pulp and Paper $ (137.2) $ 15.8 $ (153.0) Unallocated a
Slide 5: Countervailing and Anti-Dumping Duty Summary
Canfor Corporation Countervailing and Anti-Dumping Duty Summary (millions of dollars) Q4 Q3 Variance Effective Duties by Quarter: 2021 2021 Cash deposits paid1 $ 26.4 $ 11.4 $ 15.0 Incremental duty expense (recovery), attributable to current quarter2 $ (2.6) $ 6.6 $ (9.2) Effective duty expense, net
Slide 6: Lumber: Q4 2021 vs. Q3 2021
Canfor Corporation Lumber: Q4 2021 vs. Q3 2021 Q4 Q3 Variance (millions of dollars unless otherwise noted) 2021 2021 Sales $ 1,322.0 $ 1,377.9 $ (55.9) Operating income before amortization and impairment, as reported $ 356.8 $ 398.1 $ (41.3) Operating income, as reported $ 86.3 $ 326.1 $ (239.8) Adj
Slide 7: Pulp: Q4 2021 vs. Q3 2021
Canfor Pulp Products Inc. Pulp: Q4 2021 vs. Q3 2021 Q4 Q3 Variance (millions of dollars unless otherwise noted) 2021 2021 Gross Sales $ 249.3 $ 298.7 $ (49.4) Reported operating income (loss) by segment: Pulp $ (135.2) $ 22.1 $ (157.3) Paper $ 1.7 $ (2.5) $ 4.2 Unallocated $ (3.7) $ (3.8) $ 0.1 Tota