Weyerhaeuser Company · NYSE:WY
Weyerhaeuser — Q1 2007 Earnings Presentation
13 slides from Weyerhaeuser's earnings presentation, May 4, 2007
Slide 1: Earnings Release 1st Quarter 2007
Earnings Release 1st Quarter — 2007 Weyerhaeuser Company May 4, 2007 DTP/3065 2006 2007 Q4.ppt Q1.ppt • 02/09/07 05/04/07 • 1 New York City
Slide 2: Forward-looking Statement
Forward-looking Statement This news release contains statements concerning the company’s future results and performance that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Some of these forward-looking statements can be identified by the us
Slide 3: Statements Relating to Non-GAAP Financial Measures
Statements Relating to Non-GAAP Financial Measures z During the course of this presentation, certain non-U.S. GAAP financial information will be presented. A reconciliation of those numbers to U.S. GAAP financial measures is included in this presentation which is available on the company’s website a
Slide 4: 2007 Q1 Earnings Summary
Chart 1 2007 Q1 Earnings Summary $ Millions except EPS 2006 2007 Operating Earnings before Special Items 1. Q1 Q2 Q3 Q4 Q1 Timberlands $198 $224 $178 $168 $175 Wood Products 117 132 (46) (186) (108) Cellulose Fibers (5) 23 66 56 22 Fine Paper (10) (9) 72 61 22 Containerboard, Packaging & Recycling 2
Slide 5: Diluted EPS Before Special Items
Chart 2 Diluted EPS Before Special Items A reconciliation to GAAP EPS is available at www.weyerhaeuser.com $2.00 $1.75 $1.50 $1.25 $1.09 $0.95 $1.00 $0.92 $0.75 $0.64 $0.50 $0.20 $0.25 $0.00 Q1 Q2 Q3 Q4 Q1 2006 2007 DTP/3065 2007 Q1.ppt • 05/04/07 • 5 New York City
Slide 6: Earnings per Share Reconciliation
Chart 3 Earnings per Share Reconciliation 2006 2007 Q1 Q2 Q3 Q4 Q1 Diluted EPS before Special Items $0.64 $1.09 $0.95 $0.92 $0.20 Charges for Closure of Facilities (0.04) (0.12) (0.15) (0.02) Gain on Sale of Assets 0.13 0.18 3.22 Litigation Charges / Reserve Adjustment 0.06 0.27 Asset / Goodwill Imp
Slide 7: Changes in Earnings per Share by Segment 2006 Q4 vs. 2007 Q1
Chart 4 Changes in Earnings per Share by Segment 2006 Q4 vs. 2007 Q1 $ per Share Before Special Items1 $1.80 $1.60 $1.40 $1.20 0.22 $1.00 0.92 0.02 (0.10) $0.80 (0.12) (0.01) $0.60 $0.40 0.20 $0.20 (0.72) (0.01) $0.00 2006 Q4 Timberlands Wood Cellulose Fine Paper Container- Real Estate Corp. & 2007
Slide 8: Average Mill Net 3rd-Party Realizations — OSB and Lumber / Engineered Lumber
Chart 5 Average Mill Net 3rd-Party Realizations — OSB and Lumber / Engineered Lumber OSB and Lumber Engineered Lumber $/Thousand $/Unit 500 2600 450 Lumber ($/MBF) Solid Section ($/CCF) 407 2400 406 2235 2228 400 2148 371 2200 2090 2080 346 350 335 2000 300 287 1800 250 255 1600 TJI’s ($/MLF) 200 20
Slide 9: Average Mill Net 3rd-Party Realizations — Cellulose Fiber
Chart 6 Average Mill Net 3rd-Party Realizations — Cellulose Fiber Cellulose Fiber $/ADMT 700 680 681 660 654 648 640 620 621 600 605 580 Q1 Q2 Q3 Q4 Q1 2006 2007 DTP/3065 2007 Q1.ppt • 05/04/07 • 9 New York City
Slide 10: Average Mill Net 3rd-Party Realizations — Containerboard and Packaging
Chart 7 Average Mill Net 3rd-Party Realizations — Containerboard and Packaging Containerboard Packaging (Box) $/Ton $/MSF 500 57 56 475 55 469 461 450 54 455 54.14 53.88 443 53 53.52 425 52 52.28 51 400 50 389 375 49 49.65 48 350 47 325 46 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 2006 2007 2006 2007 DTP/3065 2
Slide 11: Weyerhaeuser Real Estate
Chart 8 Weyerhaeuser Real Estate Key Indicators 2005 2006 2007 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Sales Traffic (in thousands) 64 90 90 63 72 62 53 45 61 Net New Orders 1,378 1,525 1,608 1,174 1,472 1,325 906 838 1,684 Cancellation Rate (%) 15% 12% 17% 22% 19% 26% 36% 36% 16% Average Home Closing Price ($ T
Slide 12: Key Changes in Earnings per Share 2006 Q4 vs. 2007 Q1
Chart 9 Key Changes in Earnings per Share 2006 Q4 vs. 2007 Q1 $ per Share Before Special Items1 $1.50 $1.25 $1.00 0.92 0.11 (0.07) (0.05) $0.75 $0.50 $0.25 0.01 0.20 (0.72) $0.00 2006 Q4 Volume Price/Mix Mfg. Cost Real Estate & Other 2007 Q1 Before Special Related Before Special Items 2 Items 1A rec
Slide 13: New York City
DTP/3065 2006 2007 Q4.ppt Q1.ppt • 02/09/07 05/04/07 • 13 New York City