Greenfirst Forest Products Inc · TSX:GFP
Greenfirst Forest Products — Q1 2025 Earnings Presentation
14 slides from Greenfirst Forest Products's earnings presentation, May 14, 2025
Slide 1: Q1 2025 Investor Presentation
Q1 2025 Investor Presentation May 14, 2025
Slide 2: Legal Disclaimer
Legal Disclaimer 2 This Presentation is being provided to you by GreenFirst Forest Products Inc. (“GreenFirst” or the “Company”) for informational purposes only. Cautionary Note Regarding Forward-Looking Information This Presentation includes information, statements, beliefs and opinions which are f
Slide 3: Overview
Overview Joel Fournier, Chief Executive Officer
Slide 4: Q1'25 Highlights
Q1’25 Highlights 4 ▪ Average realized lumber selling price of $729/mfbm for Q1’25 ▪ Cost of sales of $688/mfbm for Q1’25 ▪ SG&A expenses continue to aligned with targets announced in April 2024 ▪ Net income of $0.9M for Q1’25 ▪ EBITDA of $5.1M for Q1’25
Slide 5: Q1'25 Highlights (cont.)
Q1’25 Highlights (cont.) 5 ▪ Completion of harvesting activities for the year, while maintaining a strong balance sheet ▪ Higher levels of inventory driven by cautious buyer sentiments due to economic uncertainty ▪ Section 232 investigation by the U.S. DoC with findings expected November 2025 ▪ Prel
Slide 6: US Housing Starts Forecast
US Housing Starts Forecast 6 Source: FEA
Slide 7: Financial Summary
7 Financial Summary Peter Ferrante, CFO
Slide 8: Q1'25 Financial Comparison
Q1’25 Financial Comparison 8 1Adjusted EBITDA is a Non-GAAP measure and does not have standardized meaning under GAAP or IFRS. As a result, it may not be comparable to information presented by other companies. For an explanation and reconciliation of Adjusted EBITDA to related comparable financial i
Slide 9: Net Income Improvement – Q1'25
Net Income Improvement – Q1’25 9 Q1'24 vs Q4'24 Net Income Improvement 30,000 4,021 25,000 16,078 20,000 Net Income 15,000 = 27,567 10,000 5,572 447 642 853 168 5,000 (2,095) EBITDA = 5,973 2,087 (205) -
Slide 10: Cash Flow Breakdown Q1'25
Cash Flow Breakdown Q1’25 10 Q1’25 Cashflow Waterfall 10,000.0 6,064.0 5,000.0 Cashflow used in Ops - = ($29,723) Total Cash Decrease (5,000.0) ($25,291) (12,976.0) (10,000.0) Cashflow from (15,000.0) Financing = $10,936 (20,000.0) Cashflow used in 12,000.0 (25,000.0) Investing = ($6,504) (643.0) (4
Slide 11: Maximum Availability Year-over-Year
Maximum Availability Year-over-Year 11
Slide 12: GreenFirst Vision and Mission
GreenFirst Vision and Mission 12 Vision GreenFirst Forest Products aims to grow its business in the lumber sector and become one of the largest wood producer in Ontario. Mission To become one of the top quartile lumber producers in North America by prioritizing continuous improvement, strategic capi
Slide 13: Thank You
PRODUITS FORESTIERS GREENFIRST FOREST PRODUCTS [& GREENFIRST
Slide 14: Questions & Answer
Questions & Answer [& GREENFIRST
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