Slide 1: Quarter 2, 2019 Financial Performance Overview
Canfor Corporation and Canfor Pulp Products Inc. Quarter 2, 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 express
Slide 3: Q2 2019 Review: Items Impacting Earnings Comparability
Canfor Corporation Q2 2019 Review: Items Impacting Earnings Comparability Q2 2019 Q1 2019 (millions of dollars, except for per share amounts) $ $/Share $ $/Share Shareholder net loss, as reported $ (48.6) $ (0.39) $ (89.5) $ (0.71) Non-operating items (after-tax, net of non-controlling interests) Co
Slide 4: Sales and Operating Earnings Summary
Canfor Corporation Sales and Operating Earnings Summary Q2 Q1 Variance (millions of dollars unless otherwise noted) 2019 2019 Gross sales $ 1,313.0 $ 1,148.7 $ 164.3 Reported operating income (loss) by segment: Lumber $ (60.6) $ (78.0) $ 17.4 Pulp and Paper $ 18.4 $ 18.1 $ 0.3 Unallocated and Other
Slide 5: Countervailing and Anti-Dumping Duty Summary
Canfor Corporation Countervailing and Anti-Dumping Duty Summary Q2 Q1 Variance Effective Duties by Quarter: 2019 2019 Cash deposits paid1 $ 37.3 $ 33.2 $ 4.1 Incremental duty expense, attributable to current quarter 2 $ 7.9 $ 7.4 $ 0.5 Effective duty expense, net, for the current quarter3 $ 45.2 $ 4
Slide 6: Lumber: Q2 2019 vs. Q1 2019
Canfor Corporation Lumber: Q2 2019 vs. Q1 2019 Q2 Q1 Variance (millions of dollars unless otherwise noted) 2019 2019 Sales $ 993.5 $ 844.7 $ 148.8 Operating income (loss) before amortization, as reported $ 8.7 $ (14.0) $ 22.7 Operating loss, as reported $ (60.6) $ (78.0) $ 17.4 Operating loss, as ad
Slide 7: Pulp: Q2 2019 vs. Q1 2019 and Sales and Operating Earnings Summary
Canfor Pulp Products Inc. Pulp: Q2 2019 vs. Q1 2019 and Sales and Operating Earnings Summary Q2 Q1 Variance (millions of dollars unless otherwise noted) 2019 2019 Gross Sales $ 319.5 $ 304.0 $ 15.5 Reported operating income (loss) by segment: Pulp $ 12.9 $ 15.5 $ (2.6) Paper $ 8.1 $ 5.9 $ 2.2 Unallo