Canfor Corporation · TSX:CFP
Canfor — Q3 2010 Earnings Presentation
7 slides from Canfor's earnings presentation, November 2010
Slide 1: Quarter 3, 2010 Financial Performance Overview
PAGE 1 Quarter 3 3, 2010 Financial Performance Overview Presented by: Tom Sitar, Vice President, Finance & CFO Q3 2010 C A N F O R C O R P O R A T I O N
Slide 2: Forward-Looking Statements
PAGE 2 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
Slide 3: Q3 2010 Review: Items Impacting Earnings Comparability
PAGE 3 Q3 2010 Review: Items Impacting Earnings Comparability Q3 2010 Q2 2010 (millions of dollars, except for per share amounts) $ $/Share $ $/Share Net income (loss), as reported $ 33.5 $ 40.4 Less: Non-controlling interests $ 27.9 $ 22.3 Net income (loss) attributable to equity shareholders of th
Slide 4: History of Lumber Prices (in Cdn$) and U.S. Housing Starts
PAGE 4 History of Lumber Prices (in Cdn$) and U.S. Housing Starts U.S. Housing Starts SAAR* CDN$ Lumber Price compared to U.S. Housing Starts Western SPF #2&Btr (Thousand Units) CDN$/Mfbm 2,500 $700 $600 2,000 $500 1,500 $400 $300 1,000 $200 500 $100 0 $0 2004 2005 2006 2007 2008 2009 2010 U.S. Hous
Slide 5: Sales and EBITDA Summary
PAGE 5 Sales and EBITDA Summary Q3 Q2 Variance (millions of dollars unless otherwise noted) 2010 2010 Gross Sales $ 588.7 $ 634.7 $ (46.0) EBITDA by segment: L b Lumber $ 48 4.8 $ 38 9 38.9 $ (34 1) (34.1) Pulp & Paper $ 65.0 $ 66.8 $ (1.8) Unallocated and other $ (3.8) $ (3.2) $ (0.6) Total EBITDA
Slide 6: Lumber: Q3 2010 vs. Q2 2010
PAGE 6 Lumber: Q3 2010 vs. Q2 2010 Q3 Q2 Variance (millions of dollars unless otherwise noted) 2010 2010 Sales $ 308.3 $ 336.9 $ (28.6) EBITDA, as reported $ 4.8 $ 38.9 $ (34.1) Total (positive) negative impact from inventory valuation adjustments (logs and finished products) $ (0.5) $ 2.2 $ (2.7) C
Slide 7: Pulp & Paper: Q3 2010 vs. Q2 2010
PAGE 7 Pulp & Paper: Q3 2010 vs. Q2 2010 Q3 Q2 Variance (millions of dollars unless otherwise noted) 2010 2010 Sales $ 269.0 $ 280.1 $ (11.1) EBITDA, as reported $ 65.0 $ 66.8 $ (1.8) Total (positive) negative impact from inventory valuation adjustments (finished products) $ (0.3) $ 0.1 $ (0.4) EBIT