Slide 1: Financial Performance Overview - Quarter 2, 2025
Financial Performance Overview - Quarter 2, 2025 CANFOR
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 expres
Slide 3: Q2 2025 Review: Items impacting earning comparability
Canfor Corporation. Q2 2025 Review: Items impacting earning comparability Q2 2025 Q12025 Millions of dollars (except for per share amounts} (excep efor P ) $ $/Share $ $/Share Shareholder net loss, as reported $ (202.8) $ (1.71) $ (31.0) $ (0.26) Non-operating items (after-tax, net of non-controllin
Slide 4: Sales, operating & cash earnings summary: Q2 2025 Variance
Canfor Corporation. Sales, operating & cash earnings summary: Q2 2025 vs. Q1 2025 Millions of dollars (unless otherwise noted) 2025 Variance Sales $ 13794 $ 1,417.5 $ (38.1) Reported operating income (loss) by segment Lumber $ (229.2) $ (25.5) $ (203.7) Pulp and Paper $ (5.3) $ 10.8 $ (16.1) Unalloc
Slide 5: Countervailing & anti-dumping duty summary
Canfor Corporation. Countervailing & anti-dumping duty summary Qi Millions of dollars 2025 Effective duties by quarter Cash deposits paid! $ 19.0 $ 23.4 $ 44 Incremental duty recovery attributable to current quarter” $ (0.4) $ (0.6) $ (0.2) Duty expense, as reported” $ 18.6 $ 22.8 $ 4.2 1. Combined
Slide 6: Canfor Corporation - Lumber
Canfor Corporation - Lumber. Q2 2025 vs. Q1 2025 Millions of dollars (unless otherwise noted) Ea non 6 Variance Sales $ 1,201.5 $ 1,221.3 $ (19.8) Lumber operating loss, as reported $ (229.2) $ (25.5) $ (203.7) Asset write-downs and impairments $ 188.6 ¢$ - $ 188.6 Inventory write-down (recovery), n
Slide 7: Canfor Corporation - Lumber: Cash earnings summary
Canfor Corporation - Lumber. Cash earnings summary: Q2 2025 vs. Q1 2025 Millions of dollars (unless otherwise noted) 2025 Variance Lumber operating loss, as reported $ (229.2) $ (25.5) $ (203.7) Asset write-downs and impairments $ 188.6 $ - $ 188.6 Inventory write-down (recovery), net $ 92 $ (3.7) $
Slide 8: Canfor Pulp Products Inc.: Pulp Q2 2025 vs. Q1 2025
Canfor Pulp Products Inc. Pulp: Q2 2025 vs. Q1 2025 ; ; ai Canfor Pulp adjusted operating loss of Miillions of dollars (unless otherwise noted) 2025 Variance $2 million, $13 million unfavourable to Q1 Sales a SMe, $ «(196.2 $ 18.3) * Global softwood pulp market fundamentals Reported operating income