Slide 1: Quarter 4, 2022 Financial Performance Overview
Canfor Corporation and Canfor Pulp Products Inc. Quarter 4, 2022 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 2022 Review: Items Impacting Earnings Comparability
Canfor Corporation Q4 2022 Review: Items Impacting Earnings Comparability Q4 2022 Q3 2022 (millions of dollars, except for per share amounts) $ $/Share $ $/Share Shareholder net income (loss), as reported $ (207.9) $ (1.70) $ 87.4 $ 0.71 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) 2022 2022 Gross sales $ 1,373.3 $ 1,666.4 $ (293.1) Reported operating income (loss) by segment: Lumber $ (199.5) $ 101.6 $ (301.1) Pulp and Paper $ (91.1) $ 19.2 $ (110.3) Unallocated
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: 2022 2022 Cash deposits paid 1 $ 9.7 $ 28.6 $ (18.9) Incremental duty expense (recovery) attributable to current quarter2 $ 22.8 $ (8.0) $ 30.8 Effective duty expense, ne
Slide 6: Lumber: Q4 2022 vs. Q3 2022
Canfor Corporation Lumber: Q4 2022 vs. Q3 2022 Q4 Q3 Variance (millions of dollars unless otherwise noted) 2022 2022 Sales $ 1,105.2 $ 1,358.1 $ (252.9) Operating income (loss) before amortization, asset write-down and $ (30.6) $ 176.6 $ (207.2) impairment Operating income (loss), as reported $ (199
Slide 7: Greenfield Sawmill: DeRidder, LA Summary
Greenfield Sawmill: DeRidder, LA Summary • US$195M investment • 250 MMfbm capacity, sawmill commenced early 2023 • High-speed, top-quartile cost operation producing high value products • Complete vision and bio-scanning to maximize grade and lumber recovery • Modern yet proven processing technology
Slide 8: Greenfield Sawmill: DeRidder, LA
Greenfield Sawmill: DeRidder, LA Project on track for completion in early 2023 12 Months C A N F O R C O R P O R A T I O N Page 8
Slide 9: Pulp: Q4 2022 vs. Q3 2022
Canfor Pulp Products Inc. Pulp: Q4 2022 vs. Q3 2022 Q4 Q3 Variance (millions of dollars unless otherwise noted) 2022 2022 Gross Sales $ 268.1 $ 308.3 $ (40.2) Reported operating income (loss) by segment: Pulp $ (89.1) $ 18.6 $ (107.7) Paper $ 1.9 $ 4.1 $ (2.2) Unallocated $ (3.9) $ (3.5) $ (0.4) Tot