Slide 1: Quarter 1, 2021 Financial Performance Overview
Canfor Corporation and Canfor Pulp Products Inc. Quarter 1, 2021 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: Q1 2021 Review: Items Impacting Earnings Comparability
Canfor Corporation Q1 2021 Review: Items Impacting Earnings Comparability Q1 2021 Q4 2020 (millions of dollars, except for per share amounts) $ $/Share $ $/Share Shareholder net income, as reported $ 427.8 $ 3.42 $ 335.6 $ 2.68 Non-operating items (after-tax, net of non-controlling interests) Foreig
Slide 4: Sales and Operating Earnings Summary
Canfor Corporation Sales and Operating Earnings Summary Q1 Q4 Variance (millions of dollars unless otherwise noted) 2021 2020 Gross sales $ 1,941.8 $ 1,618.0 $ 323.8 Reported operating income (loss) by segment: Lumber $ 606.7 $ 461.0 $ 145.7 Pulp and Paper $ 4.9 $ (28.3) $ 33.2 Unallocated and Other
Slide 5: Countervailing and Anti-Dumping Duty Summary
Canfor Corporation Countervailing and Anti-Dumping Duty Summary (millions of dollars) Q1 Q4 Variance Effective Duties by Quarter: 2021 2020 Cash deposits paid1 $ 20.7 $ 46.5 $ (25.8) Incremental duty expense (recovery), attributable to current quarter2 $ 10.4 $ (1.5) $ 11.9 3 Effective duty expense,
Slide 6: Lumber: Q1 2021 vs. Q4 2020
Canfor Corporation Lumber: Q1 2021 vs. Q4 2020 Q1 Q4 Variance (millions of dollars unless otherwise noted) 2021 2020 Sales $ 1,679.5 $ 1,380.2 $ 299.3 Operating income before amortization, as reported $ 679.7 $ 539.0 $ 140.7 Operating income, as reported $ 606.7 $ 461.0 $ 145.7 Average Western SPF 2
Slide 7: Pulp: Q1 2021 vs. Q4 2020
Canfor Pulp Products Inc. Pulp: Q1 2021 vs. Q4 2020 Q1 Q4 Variance (millions of dollars unless otherwise noted) 2021 2020 Gross Sales $ 262.3 $ 237.8 $ 24.5 Reported operating income (loss) by segment: Pulp $ 3.7 $ (30.2) $ 33.9 Paper $ 4.2 $ 4.8 $ (0.6) Unallocated $ (3.0) $ (2.9) $ (0.1) Total ope