Weyerhaeuser Company · NYSE:WY
Weyerhaeuser — Q4 2006 Earnings Presentation
11 slides from Weyerhaeuser's earnings presentation, Feb 9, 2007
Slide 1: Earnings Release 4th Quarter 2006
Earnings Release 4 Quarter — 2006 th Weyerhaeuser Company February 9, 2007 DTP/3065 2006 Q4.ppt • 02/09/07 • 1
Slide 2: Forward-looking Statement
Forward-looking Statement This presentation contains statements concerning the company’s future results and performance that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Some of these forward-looking statements can be identified by the us
Slide 3: Statements Relating to Non-GAAP Financial Measures
Statements Relating to Non-GAAP Financial Measures z During the course of this presentation, certain non-U.S. GAAP financial information will be presented. A reconciliation of those numbers to U.S. GAAP financial measures is included in this presentation which is available on the company’s website a
Slide 4: 2006 Q4 Earnings Summary
Chart 1 2006 Q4 Earnings Summary $ in Millions except EPS 2005 2006 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Operating Earnings before Special Items Timberlands $ 203 $ 210 $ 191 $ 186 $ 198 $ 224 $ 178 $ 168 Wood Products 132 222 130 117 117 132 (46) (186) Cellulose Fiber and White Papers 19 16 20 (50) (17) 34 119
Slide 5: Diluted EPS Before Special Items
Chart 2 Diluted EPS Before Special Items A reconciliation to GAAP EPS is available at www.weyerhaeuser.com $2.00 $1.75 $1.50 $1.34 $1.25 $1.16 $1.03 $0.93 $0.94 $0.95 $1.00 $0.89 $0.75 $0.62 $0.50 $0.25 $0.00 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2005 2006 DTP/3065 2006 Q4.ppt • 02/09/07 • 5 New York City
Slide 6: Earnings per Share Reconciliation
Chart 3 Earnings per Share Reconciliation 2005 2006 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Diluted EPS before Special Items $ 1.03 $ 1.34 $ 0.93 $ 0.94 $ 0.62 $ 1.16 $0.89 $ 0.95 Charges for Closure of Facilities (0.02) (0.08) (1.78) (0.04) (0.12) (0.15) Gain on Sale of Assets 0.60 0.31 0.13 0.13 0.18 Litigation C
Slide 7: Changes in Earnings per Share by Segment 2006 Q3 vs. 2006 Q4
Chart 4 Changes in Earnings per Share by Segment 2006 Q3 vs. 2006 Q4 $ per Share Before Special Items1 $1.50 $1.25 $1.00 0.11 0.95 0.89 0.51 $0.75 (0.04) $0.50 (0.44) $0.25 0.00 (0.08) $0.00 2 2006 Q3 Timberlands Wood Cellulose Container- Real Estate & Corp. & Other 2006 Q4 Before Special Products F
Slide 8: Average Mill Net 3rd-Party Realizations — OSB and Lumber / Engineered Lumber
Chart 5 Average Mill Net 3rd-Party Realizations — OSB and Lumber / Engineered Lumber OSB and Lumber Engineered Lumber $/Thousand $/Unit 495 2600 433 439 Lumber ($/MBF) Solid Section ($/CCF) 445 2400 2235 2228 408 407 406 2213 2205 394 2176 2148 395 2200 2065 2090 371 335 345 2000 295 317 1800 294 30
Slide 9: Average Mill Net 3rd-Party Realizations — Cellulose Fiber and White Papers
Chart 6 Average Mill Net 3rd-Party Realizations — Cellulose Fiber and White Papers Cellulose Fiber White Papers $/ADMT $/SWT 670 950 925 650 654 923 919 648 900 630 894 875 621 850 610 604 605 825 598 590 816 811 800 808 585 584 800 794 570 775 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2005 20
Slide 10: Average Mill Net 3rd-Party Realizations — Containerboard and Packaging
Chart 7 Average Mill Net 3rd-Party Realizations — Containerboard and Packaging Containerboard Packaging (Box) $/Ton $/MSF 500 57 56 475 55 469 450 455 54 54.14 53.88 443 53 425 52 52.12 52.28 51.74 51 400 397 389 50 389 50.04 375 49 49.65 362 48 350 358 47 47.79 325 46 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Slide 11: Key Changes in Earnings per Share 2006 Q3 vs. 2006 Q4
Chart 8 Key Changes in Earnings per Share 2006 Q3 vs. 2006 Q4 $ per Share Before Special Items1 $1.50 $1.25 $1.00 0.03 0.05 0.95 0.89 0.51 $0.75 $0.50 (0.40) (0.13) $0.25 $0.00 2006 Q3 Volume Price/Mix Mfg. Cost Real Estate & Other 2006 Q42 Before Special Related Before Special Items Items 1 A recon