Greenfirst Forest Products Inc · TSX:GFP
Greenfirst Forest Products — Q3 2023 Earnings Presentation
16 slides from Greenfirst Forest Products's earnings presentation, Nov 14, 2023
Slide 1: Q3 2023 Investor Presentation
Q3 2023 Investor Presentation November 14, 2023
Slide 2: Legal Disclaimer
Legal Disclaimer 2 This Presentation is being provided to you by GreenFirst Forest Products Inc. (“GreenFirst” or the “Company”) for informational purposes only. Cautionary Note Regarding Forward-Looking Information This Presentation includes information, statements, beliefs and opinions which are f
Slide 3: Overview
Overview Paul Rivett, Executive Chair & Director
Slide 4: Highlights
Highlights 4 § New leadership and continued re-focus of the Company § Re-aligning operational objectives with decentralization § Positioning the Company for short-term challenging lumber markets § Downward pricing pressure for paper products § Positive impact on earnings and cash with lowered duty r
Slide 5: Lumber Pricing Random Lengths (Great Lakes)
Lumber Pricing Random Lengths (Great Lakes) 5
Slide 6: US Housing Starts Forecast
US Housing Starts Forecast 6 Source: FEA
Slide 7: Long-term Trends
Long-term Trends 7 § Permanent BC interior shutdowns and steadily rising costs § Historic SPF lumber prices have averaged: § US$425 over 10 years § US$525 over 5 years § US$575 over 3 years § US$675 over 2 years § Record levels of immigration in Canada § US demographic-driven demand Source: Raymond
Slide 8: Financial Summary
8 Financial Summary Ankit Kapoor, Interim CFO
Slide 9: Profit and Loss Breakdown - Q3'23
Profit and Loss Breakdown - Q3’23 9 Q3’23 (in $000's) Net Sales 95,700 Cost of Sales (exclud. depreciation) (85,563) Duties 2,238 Other operating income 808 EBTIDA = 7,996 Selling, general and administrative expenses (5,187) Finance costs, net (125) Depreciation (4,132) Gain on revaluation of invest
Slide 10: Q3'23 Financial Comparison
Q3’23 Financial Comparison 10 1 Certain prior period amounts have been restated as a result of the Company finalizing its purchase price accounting related to the Rayonier Asset Acquisition, as allowed under IFRS. Please refer to Note 4 - Acquisition of Sawmills and Paper Mill, in the Company's Annu
Slide 11: Operations
11 Operations Michel Lessard, President
Slide 12: Operations Summary
Operations Summary 12 Quarter Year-to-date 1Certain prior period amounts have been restated as a result of a change in presentation of the Company's Financial Statements for continuing and discontinued operations under IFRS.
Slide 13: Strategic Capex - Kilns
Strategic Capex - Kilns 13 New Cochrane Kiln Under Construction Completed Construction of Hearst Kiln (from Kenora)
Slide 14: Non-Core Assets
Non-Core Assets 14 The company has the following non-core land assets that can be monetized: § 1,500 acres of private lands around Kapuskasing § 1,100 acres of private lands around Timmins § 114-acre parcel of prime Lake-of-the-woods waterfront property in Kenora, and a four- acre island adjacent to
Slide 15: Deeply Committed to Sustainability
Deeply Committed to Sustainability 15 GreenFirst is dedicated to maintaining high standards of sustainability across our business practices § Wood stores carbon and is the only renewable major building material Green § Lumber building materials require less energy to produce and transport than Advan
Slide 16: Thank You
PRODUITS FORESTIERS GREENFIRST FOREST PRODUCTS (BP GREENFIRST
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