Canfor Corporation · TSX:CFP
Canfor — Q2 2010 Earnings Presentation
7 slides from Canfor's earnings presentation, July 2010
Slide 1: Quarter 2, 2010 Financial Performance Overview
PAGE 1 Quarter 2 2, 2010 Financial Performance Overview Presented by: Jim Shepard, President and CEO Tom Sitar, Vice President, Finance & CFO Q2 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: Q2 2010 Review: Items Impacting Earnings Comparability
PAGE 3 Q2 2010 Review: Items Impacting Earnings Comparability Q2 2010 Q1 2010 (millions of dollars, except for per share amounts) $ $/Share $ $/Share Net income (loss), as reported $ 40.4 $ 32.5 Less: Non-controlling interests $ 22.3 $ 16.9 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 Housing S
Slide 5: Sales and EBITDA Summary
PAGE 5 Sales and EBITDA Summary Q2 Q1 Variance (millions of dollars unless otherwise noted) 2010 2010 Gross Sales $ 634.7 $ 577.9 $ 56.8 EBITDA by segment: Lumber $ 38.9 $ 34.0 $ 4.9 Pulp & Paper $ 66.8 $ 45.8 $ 21.0 Unallocated and other $ (3.2) $ (2.0) $ (1.2) Total EBITDA $ 102.5 $ 77.8 $ 24.7 In
Slide 6: Lumber: Q2 2010 vs. Q1 2010
PAGE 6 Lumber: Q2 2010 vs. Q1 2010 Q2 Q1 Variance (millions of dollars unless otherwise noted) 2010 2010 Sales $ 336.9 $ 292.0 $ 44.9 EBITDA, as reported $ 38.9 $ 34.0 $ 4.9 Total (positive) negative impact from inventory valuation adjustments (logs and finished products) $ 2.2 $ (22.4) $ 24.6 EBITD
Slide 7: Pulp & Paper: Q2 2010 vs. Q1 2010
PAGE 7 Pulp & Paper: Q2 2010 vs. Q1 2010 Q2 Q1 Variance (millions of dollars unless otherwise noted) 2010 2010 S l Sales $ 280 1 280.1 $ 269 7 269.7 $ 10 4 10.4 EBITDA, as reported $ 66.8 $ 45.8 $ 21.0 Total (positive) negative impact from inventory valuation adjustments (finished products) $ 0.1 $